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 August 2026, the average rent in Indianapolis, IN is $1,500 per month, which is 24% lower than the national average rent of $1,962 per month.
AVERAGE RENT
$1,500
0.0%No change month over month
-1.8%-$27 decrease year-over-year
AVAILABLE RENTALS
2,454
APARTMENTS
HOUSES
TOWNHOUSES
As of August 2026, apartments are the most affordable rental option in Indianapolis, IN at $1,235 per month, while houses are the most expensive at $1,773 per month. Townhomes average $1,695 per month, offering a mid-range alternative for renters.
Average rent by number of bedrooms
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | $1,020 |
| 2 Bedrooms | $1,317 |
| 3 Bedrooms | $1,720 |
| 4 Bedrooms | $2,080 |
| All | $1,500 |
As of August 2026, the average rent for a 1 bedroom rental in Indianapolis, IN is $1,020 per month, followed by $1,317 for a 2 bedroom rental, $1,720 for a 3 bedroom rental, and $2,080 for a 4 bedroom rental.
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | $900 |
| 2 Bedrooms | $1,495 |
| 3 Bedrooms | $1,800 |
| 4 Bedrooms | $2,300 |
| All | $1,695 |
As of August 2026, the average rent for a 1 bedroom townhome in Indianapolis, IN is $900 per month, followed by $1,495 for a 2 bedroom townhome, $1,800 for a 3 bedroom townhome, and $2,300 for a 4 bedroom townhome.
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | $950 |
| 2 Bedrooms | $1,350 |
| 3 Bedrooms | $1,600 |
| 4 Bedrooms | $1,325 |
| All | $1,300 |
As of August 2026, the average rent for a 1 bedroom apartment in Indianapolis, IN is $950 per month, followed by $1,350 for a 2 bedroom apartment, $1,600 for a 3 bedroom apartment, and $1,325 for a 4 bedroom apartment.
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | $895 |
| 2 Bedrooms | $1,300 |
| 3 Bedrooms | $1,783 |
| 4 Bedrooms | $2,110 |
| All | $1,773 |
As of August 2026, the average rent for a 1 bedroom house in Indianapolis, IN is $895 per month, followed by $1,300 for a 2 bedroom house, $1,783 for a 3 bedroom house, and $2,110 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 $7 decrease.
This year (2026)
Last year (2025)
Rent distribution
44% of rentals have rent of $800-$1,499/month
Rental price range
The price range for rentals is $300 to $18,901.
