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The average monthly rent in Downtown Indianapolis, Indianapolis is down 2.25% compared to last month but up 4.63% year-over-year.
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5h ago
Verified
Studio–2 beds
1–2 baths
$1,229–$3,835
Apartment for rent
Available Mar 17
7h ago
Studio–2 beds
1–2 baths
$1,099–$1,875
Apartment for rent
5d+ ago
Verified
Studio–2 beds
1–2 baths
$1,395–$2,481
Apartment for rent
15h ago
Verified
2 beds
2 baths
$2,724
Apartment for rent
15h ago
Verified
1 bed
1 bath
$2,327
Apartment for rent
15h ago
Verified
2 beds
2 baths
$2,529
Apartment for rent
Garage Parking
In-Unit Laundry
Storage
Hardwood Floor
15h ago
Verified
3 beds
3 baths
$5,812
Apartment for rent
15h ago
Verified
3 beds
2 baths
$4,860
Apartment for rent
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1h ago
115 N Pennsylvania St, Indianapolis, IN 46204
In-unit laundry | Dishwasher | Oven
1–2 beds
1 bath
$1,319–$2,216
Apartment for rent
3h ago
920 N Alabama St, Indianapolis, IN 46202
Dishwasher | Microwave
1 bed
1 bath
$938–$1,145
Apartment for rent
These rentals are 10%-30% cheaper than the local average price for similar rentals.
5h ago
Studio–3 beds
1–3 baths
$1,388–$3,064
Apartment for rent
10h ago
Studio–2 beds
1–2 baths
$1,190–$4,450
Apartment for rent
20h ago
Downtown Indianapolis house for rent in Indianapolis
472 S Pine St, Indianapolis, IN 46203
In-unit laundry | Garage parking | Balcony
2 beds
2 baths
$2,300
$2,100
Price drop
House for rent
1d ago
231 N Pennsylvania St, Indianapolis, IN 46204
In-unit laundry | Garage parking | Balcony
Studio–2 beds
1–2 baths
$1,390–$2,990
Apartment for rent
1d ago
520 Virginia Ave, Indianapolis, IN 46203
On-site laundry | Dishwasher | Microwave
1–2 beds
1 bath
$1,266–$1,879
Apartment for rent
1d ago
1 bed
1 bath
$1,025–$1,150
Apartment for rent
1d ago
Studio–3 beds
1–3 baths
$1,260–$8,260
Apartment for rent
1d ago
Downtown Indianapolis condo for rent in Indianapolis
543 N Park Ave #543, Indianapolis, IN 46202
In-unit laundry | Garage parking | Hardwood floor
2 beds
2 baths
$2,700
Condo for rent
1d ago
Downtown Indianapolis condo for rent in Indianapolis
1 bed
1 bath
$1,545
Condo for rent
1d ago
1 bed
1 bath
$1,289–$2,338
Price drop
Apartment for rent
1d ago
Downtown Indianapolis townhouse for rent in Indianapolis
533 Leon St #1, Indianapolis, IN 46204
In-unit laundry | Furnished | Air conditioning
2 beds
2 baths
$2,195
House for rent
Available Sep 20
2d ago
549 N Senate Ave, Indianapolis, IN 46204
In-unit laundry | Garage parking | Dishwasher
2 beds
1 bath
$1,707–$1,942
Apartment for rent
2d ago
719 Virginia Ave, Indianapolis, IN 46203
In-unit laundry | Balcony | Assigned parking
1 bed
1 bath
$1,590
Apartment for rent
2d ago
1040 N Delaware St, Indianapolis, IN 46202
In-unit laundry | Fitness center | Dishwasher
1 bed
1 bath
$1,250–$1,350
Apartment for rent
2d ago
2 beds
2 baths
$1,900
Apartment for rent
2d ago
450 E Walnut St, Indianapolis, IN 46202
In-unit laundry | Air conditioning | Assigned parking
1 bed
1 bath
$1,285
Apartment for rent
3d ago
1–2 beds
1 bath
$1,025–$1,249
Apartment for rent
3d ago
1 bed
1 bath
$1,025
Apartment for rent
4d ago
824 N Alabama St, Indianapolis, IN 46204
In-unit laundry | On-site laundry | Microwave
1 bed
1 bath
$900–$1,025
Apartment for rent
5d+ ago
501 Virginia Ave, Indianapolis, IN 46203
In-unit laundry | Balcony | Assigned parking
Studio–2 beds
1–2 baths
$1,430–$2,290
Apartment for rent
5d+ ago
Downtown Indianapolis apartment for rent in Indianapolis
Studio
1 bath
$1,500
Apartment for rent
Available Sep 12
5d+ ago
412 N Alabama St, Indianapolis, IN 46204
On-site laundry | Central heat
1 bed
1 bath
$990
Apartment for rent
5d+ ago
Downtown Indianapolis condo for rent in Indianapolis
Hardwood floor | Storage | Dishwasher
2 beds
2 baths
$2,600
$2,400
Price drop
Condo for rent
5d+ ago
Downtown Indianapolis apartment for rent in Indianapolis
Air conditioning | Garage parking | Balcony
1 bed
2 baths
$2,195
Apartment for rent
5d+ ago
Downtown Indianapolis condo for rent in Indianapolis
3 beds
2 baths
$2,250
$2,150
Price drop
Condo for rent
Available Jul 24
5d+ ago
Downtown Indianapolis townhouse for rent in Indianapolis
2 beds
1 bath
$2,000
$1,800
Price drop
House for rent
Available Aug 15
5d+ ago
Downtown Indianapolis house for rent in Indianapolis
744 Lexington Ave, Indianapolis, IN 46203
In-unit laundry | Garage parking | Storage
2 beds
2 baths
$2,300
$2,199
Price drop
House for rent
5d+ ago
Downtown Indianapolis townhouse for rent in Indianapolis
512 Lockerbie Cir N, Indianapolis, IN 46202
In-unit laundry | Garage parking | Balcony
2 beds
1 bath
$2,900
House for rent
5d+ ago
Downtown Indianapolis condo for rent in Indianapolis
727 N Illinois St #101, Indianapolis, IN 46204
In-unit laundry | Garage parking | On-site laundry
2 beds
2 baths
$2,900
$2,700
Price drop
Condo for rent
Available Aug 11
5d+ ago
Downtown Indianapolis apartment for rent in Indianapolis
839 N Park Ave #A, Indianapolis, IN 46202
In-unit laundry
2 beds
1 bath
$1,799
Apartment for rent
5d+ ago
Downtown Indianapolis apartment for rent in Indianapolis
2 beds
1 bath
$1,400
Apartment for rent
Available Sep 11
5d+ ago
Downtown Indianapolis condo for rent in Indianapolis
In-unit laundry | Air conditioning | Garage parking
2 beds
2 baths
$2,800
Condo for rent
5d+ ago
Downtown Indianapolis apartment for rent in Indianapolis
230 E 9th St #507, Indianapolis, IN 46204
In-unit laundry | Air conditioning | Walk-in closets
1 bed
1 bath
$1,300
Apartment for rent
5d+ ago
Downtown Indianapolis condo for rent in Indianapolis
225 N New Jersey St #48, Indianapolis, IN 46204
In-unit laundry | Garage parking | On-site laundry
2 beds
2 baths
$2,500
Condo for rent
5d+ ago
Downtown Indianapolis apartment for rent in Indianapolis
1 bed
1 bath
$1,250
Apartment for rent
5d+ ago
Downtown Indianapolis apartment for rent in Indianapolis
2 beds
2 baths
$1,344
Apartment for rent
5d+ ago
Downtown Indianapolis apartment for rent in Indianapolis
In-unit laundry | Garage parking | On-site laundry
Studio
1 bath
$1,249
Apartment for rent
Available Aug 18
5d+ ago
Downtown Indianapolis apartment for rent in Indianapolis
In-unit laundry | Garage parking | On-site laundry
Studio
1 bath
$1,099
Apartment for rent
Available Aug 18
5d+ ago
Downtown Indianapolis apartment for rent in Indianapolis
In-unit laundry | Garage parking | On-site laundry
Studio
1 bath
$1,149
Apartment for rent
Available Aug 19
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Downtown Indianapolis, Indianapolis rent data for:
As of today, you'll find 78 apartments for rent in Indianapolis, with a median rent price of $1,875 per month. Indianapolis has seen a 5%—or $90—increase in median rent price compared to the previous year.Average Rent
$1,875Year Over Year Change
5%
$90
Rentals available, last 30 days
78
The average rent in Downtown Indianapolis, Indianapolis, IN, for rentals of all sizes and types, is $1,875, which is a 4.63% increase year-over-year.
The monthly rent for 1-bedroom apartments in Downtown Indianapolis, Indianapolis, IN is about $1,612. The average rent for 2-bedroom apartments in Downtown Indianapolis, Indianapolis, IN is $2,341, and studios are about $1,429 per month.
See more Downtown Indianapolis, Indianapolis, IN rent data on our rent research page.
$1,354
28% higher than city median
$919
13% lower than city median
725 n new jersey st
indianapolis, IN, 46202
545 e 19th st
indianapolis, IN, 46202
777 white river pkwy w dr
indianapolis, IN, 46221
1601 e 10th st
indianapolis, IN, 46201
1720 w wilkins st
indianapolis, IN, 46221
Showing 1 - 5 of 45 results
Age Range
0-19
11%
20-34
47%
35-44
11%
45-64
22%
65+
6%
Language
English
81%
Spanish
5%
Indo Euro
6%
Asia Pac
4%
Other
2%
Education
No HS
5%
High School
27%
Bachelor's
32%
Master's
15%
Prof Degree
12%
Doctorate
6%
Household Income
0-25k
40%
25-50k
18%
50-75k
14%
75-100k
8%
100-150k
8%
150k+
10%
Downtown Indianapolis, Indianapolis has a walk score of 8/10, so when you need to run errands or leave the neighborhood, consider heading out on foot. With a public transportation score of 5/10, you’ll have some opportunities to commute via metro bus or train.
Scores for Indianapolis are calculated based on the proximity to and amount of infrastructure supporting each method of transportation.
Downtown Indianapolis offers a very strong selection of rental listings, with an average of nearly 480 available each month. The majority of rentals are 1-bedroom and 2-bedroom apartments, with a smaller number of studios and 3-bedroom units. Many of these apartments offer popular amenities, including in-unit laundry, which is available in over 70% of rentals. Additionally, pet owners will find Downtown Indianapolis to be a welcoming neighborhood, with over 67% of apartments allowing pets, although some may have restrictions.
Downtown Indianapolis saw a decline in rent prices over the past year, with an average monthly rent of $1,746, a 4.4% decrease from the previous year. Breaking it down by bedroom count, 1-bedrooms are averaging $1,530 per month, a 7.8% decrease, while 2-bedrooms are averaging $2,122, a 3.5% decrease. Studios, on the other hand, have seen a slight increase of 2.4%, with an average rent of $1,400.
The summer months tend to see higher demand and prices in Downtown Indianapolis, with June typically being the most expensive month. Rents in June are about 7.2% higher than in October, the month with the lowest average rent. If you're looking for a new apartment, October may be a good time to find a deal. Keep in mind that the rental market can be competitive, especially during the peak summer months.
Downtown Indianapolis is a hub for renters who prioritize social living and fitness. According to 2024 data, the neighborhood's vibrant social scene is supported by its abundance of restaurants, well-maintained street infrastructure, and frequent transit options, making it easy to get around and meet up with friends. Additionally, local events and a strong safety record contribute to its appeal. For fitness enthusiasts, Downtown Indianapolis offers a range of amenities, including onsite gym equipment, nearby grocery stores, and access to fitness classes and wellness programs. Many buildings also feature fitness centers and gyms, and some even incorporate low-VOC materials and soundproofing for a healthier living environment. With its unique blend of social and wellness-focused amenities, Downtown Indianapolis is an attractive choice for renters seeking a dynamic and healthy lifestyle.
Zumper’s proprietary rental data fuels our analysis. Rent and market trends, availability, neighborhood popularity, and lifestyle scores are all calculated using real-time and 2024 rental inventory and prices.
Our Lifestyle Categories ("great for eco-living," "great for social life," "great for pet owners," etc.) are determined by set criteria, against which we score each listing and its available features. At the neighborhood level, we calculate the listing count for each category to determine which lifestyles best fit each area.
Zumper, founded in 2012, is North America’s largest privately-owned rental platform, offering over 1 million listings across the U.S. and Canada. Stay informed on the latest trends and shifts in the rental market with our monthly National Rent Report, your go-to resource for key insights into the evolving rental landscape.
The average rent for 1 bedroom apartments for rent in Downtown Indianapolis is $1599 per month. There are 29 1 bedroom apartments for rent in Downtown Indianapolis, IN.
The average rent for 2 bedroom apartments for rent in Downtown Indianapolis is $2349 per month. Currently, there are 30 2 bedroom apartments for rent in Downtown Indianapolis, IN.
The average rent for 3 bedroom apartments for rent in Downtown Indianapolis is $4263 per month. As of today, there are 7 3 bedroom apartments for rent in Downtown Indianapolis, IN.
The average rent price in Downtown Indianapolis, IN for a 2 bedroom apartment is $2349 per month. Downtown Indianapolis average rent price is above the average national apartment rent price which is $1750 per month for a 2 bedroom apartment. Aside from rent price, the cost of living in Downtown Indianapolis is also important to know. Cost of living includes but is not limited to: groceries, gas, utilities, water, and electric.
The average size of a 1 bedroom apartment rental in Downtown Indianapolis is 705 square feet. The average size of a 2 bedroom apartment rental in Downtown Indianapolis is 1390 square feet. The average size of a 3 bedroom apartment rental in Downtown Indianapolis is 1702 square feet.
To help you better understand how much rent you can afford, check out Zumper's rent calculator. Our rent calculator can help you learn more about Downtown Indianapolis average rent prices.
1 bedroom apartments are the most common type of rentals in Downtown Indianapolis, Indianapolis, IN right now.
3 bedroom apartments are the least common type of rentals in Downtown Indianapolis, Indianapolis, IN right now.
| 🔑Available apartment rentals | 337 |
|---|---|
| 💰Best rent deal | 824 N Alabama St |
| ✨Popular amenities | , , |
| 🧦In-unit laundry | |
| 🍽With dishwasher | |
| 🏠With photos |