New Townhomes 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 for a townhome decreased in Sep 2026 compared to the previous month. Rent for townhomes peaked in Apr 2025.
| Month | Average rent |
|---|---|
| Oct 2025 | $1,650 |
| Nov 2025 | $1,550 |
| Dec 2025 | $1,500 |
| Jan 2026 | $1,550 |
| Feb 2026 | $1,700 |
| Mar 2026 | $1,695 |
| Apr 2026 | $1,675 |
| May 2026 | $1,695 |
| Jun 2026 | $1,750 |
| Jul 2026 | $1,650 |
| Aug 2026 | $1,695 |
| Sep 2026 | $1,550 |
Average Rent By Bedroom and Home Type
In October 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 | $1,021 | $1,306 | $1,725 | $2,002 | $1,500 |
| Townhomes | $900 | $1,400 | $1,695 | $2,095 | $1,500 |
| Apartments and Condos | $950 | $1,400 | $1,649 | $1,800 | $1,300 |
| Houses | $850 | $1,275 | $1,775 | $2,065 | $1,770 |
Frequently Asked Questions about Townhomes for rent in Indianapolis, IN
- What is the average rent of a townhome in Indianapolis, IN?The average rent of a townhome in Indianapolis, IN is $1,500 per month. This is about 23% lower than the national average.
- When is the average rent for a townhome cheapest in Indianapolis, IN?In the last year, the average rent in Indianapolis, IN was lowest in Dec 2025 when it was $1,500 per month.
- When is the average rent for a townhome most expensive in Indianapolis, IN?In the last year, the average rent in Indianapolis, IN was highest in Apr 2025 when it was $1,900 per month.
- How does the rent of a 1 bedroom apartment compare to a studio apartment in Indianapolis, IN?The average rent of a 1 bedroom apartment in Indianapolis, IN is $900 per month. That is about $101 more than the cost of a studio apartment.
- How does the rent of a 3 bedroom townhome compare to a 2 bedroom townhome in Indianapolis, IN?The average rent of a 3 bedroom townhome in Indianapolis, IN is $1,695 per month. That is about $295 more than the cost of a 2 bedroom townhome.
- How many townhomes are available to rent in Indianapolis, IN?There are 129 available townhomes 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.
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