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The average monthly rent in Downtown Indianapolis, Indianapolis is up 2.83% compared to last month and up 10.32% year-over-year.
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22h ago
Verified
Studio–2 beds
1–2 baths
$1,341–$3,835
Price drop
Apartment for rent
Available Mar 17
15h ago
Verified
530 E Ohio St, Indianapolis, IN 46204
Garage parking | Assigned parking | Fitness center
Studio–2 beds
1–2 baths
$1,131–$1,626
Apartment for rent
5d+ ago
Downtown Indianapolis condo for rent in Indianapolis
In-unit laundry | Fitness center | Elevator
2 beds
2 baths
$2,300
Condo for rent
2d ago
Verified
Studio–2 beds
1–2 baths
$1,375–$2,309
Apartment for rent
28m ago
Verified
421 N Pennsylvania St, Indianapolis, IN 46204
Furnished | Air conditioning | Assigned parking
Studio–2 beds
1–2 baths
$1,703–$2,492
Apartment for rent
8h ago
Verified
421 E Market St, Indianapolis, IN 46204
In-unit laundry | Furnished | Air conditioning
1–3 beds
1–2 baths
$2,250–$7,636
Apartment for rent
Garage Parking
Storage
In-Unit Laundry
Outdoor Space
8h ago
Verified
747 N College Ave, Indianapolis, IN 46202
In-unit laundry | Furnished | Air conditioning
2 beds
2 baths
$2,194
Apartment for rent
8h ago
Verified
501N N New Jersey St, Indianapolis, IN 46204
In-unit laundry | Furnished | Air conditioning
Studio
1 bath
$1,683
Price drop
Apartment for rent
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8h ago
Verified
615 N East St, Indianapolis, IN 46202
In-unit laundry | Furnished | Air conditioning
1 bed
1 bath
$1,465
Apartment for rent
9h ago
Verified
4 beds
2 baths
$4,064
Apartment for rent
These rentals are 10%-30% cheaper than the local average price for similar rentals.
9h ago
Verified
2 beds
2 baths
$2,138
$1,751
Price drop
Apartment for rent
9h ago
Verified
423 E Michigan St, Indianapolis, IN 46204
In-unit laundry | Furnished | Air conditioning
1–2 beds
1 bath
$2,078–$2,297
Apartment for rent
9h ago
Verified
530 Massachusetts Ave, Indianapolis, IN 46204
In-unit laundry | Furnished | Air conditioning
3 beds
2 baths
$4,037
Apartment for rent
9h ago
Verified
50 N Illinois St, Indianapolis, IN 46204
In-unit laundry | Furnished | Air conditioning
2–3 beds
2 baths
$2,321–$8,164
Apartment for rent
1d ago
Verified
3 beds
3 baths
$4,703
Apartment for rent
4d ago
Verified
2 beds
1 bath
$2,200
$2,100
Price drop
Condo for rent
Available Jan 8
1h ago
Downtown Indianapolis apartment for rent in Indianapolis
1–2 beds
1–2 baths
$1,285–$1,876
Apartment for rent
17h ago
Studio–3 beds
1–3 baths
$1,315–$5,817
Price drop
Apartment for rent
5d+ ago
1022 Dr Martin Luther King Jr St, Indianapolis, IN 46202
In-unit laundry | Air conditioning | On-site laundry
Studio
1 bath
$665
Apartment for rent
34m ago
2 beds
2 baths
$1,750
Apartment for rent
36m ago
1 bed
1 bath
$1,366–$2,267
Apartment for rent
1h ago
1–2 beds
1–2 baths
$1,294–$1,950
Apartment for rent
2h ago
Studio–2 beds
1–2 baths
$1,190–$4,450
Apartment for rent
2h ago
501 Virginia Ave, Indianapolis, IN 46203
In-unit laundry | Balcony | Assigned parking
Studio–2 beds
1–2 baths
$1,390–$2,190
Apartment for rent
15h ago
Studio–3 beds
1–3 baths
$1,221–$2,442
Apartment for rent
17h ago
719 Virginia Ave, Indianapolis, IN 46203
In-unit laundry | Balcony | Assigned parking
1–2 beds
1–2 baths
$1,590–$2,290
Apartment for rent
18h 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
18h ago
520 Virginia Ave, Indianapolis, IN 46203
On-site laundry | Dishwasher | Microwave
2 beds
1 bath
$1,750–$1,879
Apartment for rent
18h ago
231 N Pennsylvania St, Indianapolis, IN 46204
In-unit laundry | Garage parking | Balcony
1–2 beds
1–2 baths
$1,661–$2,990
Apartment for rent
19h ago
Downtown Indianapolis apartment for rent in Indianapolis
1 bed
1 bath
$950
Apartment for rent
Available Feb 13
20h ago
1 bed
1 bath
$1,095
Apartment for rent
1d ago
1–2 beds
1 bath
$1,025–$1,249
Apartment for rent
1d ago
1 bed
1 bath
$1,025
Apartment for rent
1d ago
115 N Pennsylvania St, Indianapolis, IN 46204
In-unit laundry | Dishwasher | Microwave
1–2 beds
1 bath
$1,277–$2,114
Apartment for rent
1d ago
1040 N Delaware St, Indianapolis, IN 46202
In-unit laundry | Fitness center | Dishwasher
1 bed
1 bath
$1,250
Apartment for rent
4d ago
Studio–2 beds
1 bath
$1,429–$2,349
Apartment for rent
5d+ ago
412 N Alabama St, Indianapolis, IN 46204
On-site laundry | Central heat
1 bed
1 bath
$990
Apartment for rent
5d+ ago
2 beds
1 bath
$1,319
Apartment for rent
5d+ ago
Downtown Indianapolis house for rent in Indianapolis
2 beds
2 baths
$2,200
House for rent
Available Jan 29
5d+ ago
Downtown Indianapolis apartment for rent in Indianapolis
Garage parking | On-site laundry | Balcony
1 bed
1 bath
$1,099
Apartment for rent
Available Jan 27
5d+ ago
Downtown Indianapolis apartment for rent in Indianapolis
2 beds
1 bath
$1,499
Apartment for rent
5d+ 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
$1,900
House for rent
Available Jan 25
5d+ ago
Downtown Indianapolis house for rent in Indianapolis
2 beds
2 baths
$2,499
House for rent
Available Dec 22
5d+ ago
Downtown Indianapolis apartment for rent in Indianapolis
On-site management | Package service
1 bed
1 bath
$1,300
Apartment for rent
Available Feb 23
5d+ ago
Downtown Indianapolis apartment for rent in Indianapolis
Studio
1 bath
$1,500
Apartment for rent
Available Jan 20
5d+ ago
Downtown Indianapolis apartment for rent in Indianapolis
2 beds
1 bath
$1,344
Apartment for rent
5d+ ago
Downtown Indianapolis condo for rent in Indianapolis
2 beds
2 baths
$2,200
Condo for rent
5d+ ago
Downtown Indianapolis condo for rent in Indianapolis
2 beds
2 baths
$2,295
Condo for rent
5d+ ago
Downtown Indianapolis house for rent in Indianapolis
537 E 11th St #2, Indianapolis, IN 46202
Furnished | Air conditioning | Hardwood floor
1 bed
1 bath
$1,375
House for rent
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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 size of a 1 bedroom apartment rental in Downtown Indianapolis is 707 square feet. The average size of a 2 bedroom apartment rental in Downtown Indianapolis is 1208 square feet. The average size of a 3 bedroom apartment rental in Downtown Indianapolis is 1650 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.
4+ bedroom apartments are the least common type of rentals in Downtown Indianapolis, Indianapolis, IN right now.
| 🔑Available apartment rentals | 293 |
|---|---|
| 💰Best rent deal | 1022 Dr Martin Luther King Jr St |
| ✨Popular amenities | , , |
| 🧦In-unit laundry | |
| 🍽With dishwasher | |
| 🏠With photos |