Cheap Houses for Rent in Indianapolis, IN
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Average Rent Trends in Indianapolis, IN
Rent in Indianapolis, IN varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent increased in May 2026 compared to the previous month. Rent previously peaked in Jun 2025.
| Month | Average rent |
|---|---|
| Jun 2025 | $1,770 |
| Jul 2025 | $1,768 |
| Aug 2025 | $1,700 |
| Sep 2025 | $1,725 |
| Oct 2025 | $1,700 |
| Nov 2025 | $1,685 |
| Dec 2025 | $1,665 |
| Jan 2026 | $1,661 |
| Feb 2026 | $1,662 |
| Mar 2026 | $1,681 |
| Apr 2026 | $1,750 |
| May 2026 | $1,791 |
Average Rent By Bedroom and Home Type
In May 2026, Apartments and Condos were the most affordable home type to rent compared with Townhomes and Houses.
| 1 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $1,050 | $1,329 | $1,729 | $2,100 | $1,500 |
| Townhomes | $1,067 | $1,492 | $1,750 | $3,249 | $1,700 |
| Apartments and Condos | $1,000 | $1,395 | $1,599 | $2,100 | $1,300 |
| Houses | $895 | $1,250 | $1,777 | $2,120 | $1,795 |
Frequently Asked Questions about Houses for rent in Indianapolis, IN
- What is the average rent of a house in Indianapolis, IN?The average rent of a house in Indianapolis, IN is $1,799 per month. This is about 7% lower than the national average.
- When is the average rent cheapest in Indianapolis, IN?In the last year, the average rent in Indianapolis, IN was lowest in Jan 2025 when it was $1,610 per month.
- When is the average rent most expensive in Indianapolis, IN?In the last year, the average rent in Indianapolis, IN was highest in Jun 2025 when it was $1,770 per month.
- How many houses are available to rent in Indianapolis, IN?There are 1,093 available houses to rent in Indianapolis, IN.
- What colleges and universities are in Indianapolis, IN?Colleges and universities in Indianapolis, IN include: Indiana University Indianapolis, University of Indianapolis.
- What are some neighborhoods in Indianapolis, IN?Some neighborhoods in Indianapolis, IN include: Far Eastside, Chapel Hill-Ben Davis, Near Eastside, Snacks-Guion Creek, East Warren.
- What are some zip codes in Indianapolis, IN?
- What are some cities near Indianapolis, IN?Some nearby cities include: Beech Grove, Speedway, Southport, Lawrence, Cumberland. These cities may have more rental options to explore.