What's the average rent in Indianapolis, IN?

Rental Market Trends in Indianapolis, IN

Search for Apartments in Indianapolis, IN

SOURCE: TRULIA DATA

Rental market highlights

As of July 2026, the average rent in Indianapolis, IN is $1,500 per month, which is 23% lower than the national average rent of $1,951 per month.

AVERAGE RENT

$1,500

0.0%No change month over month

-3.2%-$50 decrease year-over-year

AVAILABLE RENTALS

2,269

APARTMENTS

$1,204

HOUSES

$1,799

TOWNHOUSES

$1,700

As of July 2026, apartments are the most affordable rental option in Indianapolis, IN at $1,204 per month, while houses are the most expensive at $1,799 per month. Townhomes average $1,700 per month, offering a mid-range alternative for renters.

Average rent by number of bedrooms

Floor plan type	Average rent
1 Bedroom	$1,032
2 Bedrooms	$1,300
3 Bedrooms	$1,724
4 Bedrooms	$2,095
All	$1,500

As of July 2026, the average rent for a 1 bedroom rental in Indianapolis, IN is $1,032 per month, followed by $1,300 for a 2 bedroom rental, $1,724 for a 3 bedroom rental, and $2,095 for a 4 bedroom rental.

Floor plan type	Average rent
1 Bedroom	$1,050
2 Bedrooms	$1,450
3 Bedrooms	$1,800
4 Bedrooms	$2,300
All	$1,700

As of July 2026, the average rent for a 1 bedroom townhome in Indianapolis, IN is $1,050 per month, followed by $1,450 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	$1,275
3 Bedrooms	$1,600
4 Bedrooms	$1,600
All	$1,250

As of July 2026, the average rent for a 1 bedroom apartment in Indianapolis, IN is $950 per month, followed by $1,275 for a 2 bedroom apartment, $1,600 for a 3 bedroom apartment, and $1,600 for a 4 bedroom apartment.

Floor plan type	Average rent
1 Bedroom	$899
2 Bedrooms	$1,300
3 Bedrooms	$1,799
4 Bedrooms	$2,166
All	$1,799

As of July 2026, the average rent for a 1 bedroom house in Indianapolis, IN is $899 per month, followed by $1,300 for a 2 bedroom house, $1,799 for a 3 bedroom house, and $2,166 for a 4 bedroom house.