What's the average rent in Indianapolis, IN?
Rental Market Trends in Indianapolis, IN
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SOURCE: TRULIA DATA
Rental market highlights
As of May 2026, the average rent in Indianapolis, IN is $1,500 per month, which is 22% lower than the national average rent of $1,930 per month.
AVERAGE RENT
$1,500
0.0%No change month over month
-3.2%-$49 decrease year-over-year
AVAILABLE RENTALS
2,289
APARTMENTS
HOUSES
TOWNHOUSES
As of May 2026, apartments are the most affordable rental option in Indianapolis, IN at $1,202 per month, while houses are the most expensive at $1,799 per month. Townhomes average $1,750 per month, offering a mid-range alternative for renters.
Average rent by number of bedrooms
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | $1,045 |
| 2 Bedrooms | $1,318 |
| 3 Bedrooms | $1,741 |
| 4 Bedrooms | $2,100 |
| All | $1,500 |
As of May 2026, the average rent for a 1 bedroom rental in Indianapolis, IN is $1,045 per month, followed by $1,318 for a 2 bedroom rental, $1,741 for a 3 bedroom rental, and $2,100 for a 4 bedroom rental.
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | $1,100 |
| 2 Bedrooms | $1,500 |
| 3 Bedrooms | $1,800 |
| 4 Bedrooms | $3,288 |
| All | $1,750 |
As of May 2026, the average rent for a 1 bedroom townhome in Indianapolis, IN is $1,100 per month, followed by $1,500 for a 2 bedroom townhome, $1,800 for a 3 bedroom townhome, and $3,288 for a 4 bedroom townhome.
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | $1,000 |
| 2 Bedrooms | $1,300 |
| 3 Bedrooms | $1,575 |
| 4 Bedrooms | $2,200 |
| All | $1,250 |
As of May 2026, the average rent for a 1 bedroom apartment in Indianapolis, IN is $1,000 per month, followed by $1,300 for a 2 bedroom apartment, $1,575 for a 3 bedroom apartment, and $2,200 for a 4 bedroom apartment.
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | $895 |
| 2 Bedrooms | $1,295 |
| 3 Bedrooms | $1,779 |
| 4 Bedrooms | $2,111 |
| All | $1,799 |
As of May 2026, the average rent for a 1 bedroom house in Indianapolis, IN is $895 per month, followed by $1,295 for a 2 bedroom house, $1,779 for a 3 bedroom house, and $2,111 for a 4 bedroom house.
Average rent trends and rent ranges
Average rent price over time
In the past year, rent has decreased by 0% compared to the previous year, which is a $6 decrease.
This year (2026)
Last year (2025)
Rent distribution
45% of rentals have rent of $800-$1,499/month
Rental price range
The price range for rentals is $320 to $20,015.
