What is the average rent for a 1-bedroom apartment in Downtown Indianapolis, Indianapolis, IN?

One-bedroom apartments in Downtown Indianapolis average around $1,600 per month in 2025, representing a 7.2% increase from the previous year. These units typically offer about 735 square feet of living space.

What is the average rent for a 2-bedroom apartment in Downtown Indianapolis, Indianapolis, IN?

Two-bedroom apartments in Downtown Indianapolis rent for around $2,300 per month in 2025, up 7.2% from 2024. These units average approximately 1,178 square feet of space.

What is the average rent for a 3-bedroom apartment in Downtown Indianapolis, Indianapolis, IN?

Three-bedroom apartments in Downtown Indianapolis average around $2,800 per month in 2025, showing the largest year-over-year increase at 10.2%. These larger units typically provide about 1,594 square feet of living space.

How much does it cost to rent an apartment in Downtown Indianapolis, Indianapolis, IN?

Downtown Indianapolis rental costs averaged around $1,800 per month across all apartment types in 2025, with rents rising 5.4% from the previous year. Studios start around $1,400 monthly, while three-bedroom units reach around $2,800 per month.

What is the average apartment size in Downtown Indianapolis, Indianapolis, IN?

Apartments in Downtown Indianapolis average 914 square feet across all unit types. Studio apartments offer about 557 square feet, while three-bedroom units provide the most space at approximately 1,594 square feet.

What type of apartment is most common in Downtown Indianapolis, Indianapolis, IN?

One-bedroom apartments are the most common rental type in Downtown Indianapolis, with about 157 listings available monthly. Two-bedroom units follow as the second most prevalent option with approximately 121 monthly listings.

What type of apartment is least common in Downtown Indianapolis, Indianapolis, IN?

Three-bedroom apartments are the least common rental type in Downtown Indianapolis, with about 18 listings available per month. Studios are also relatively limited, averaging around 45 monthly listings in the neighborhood.

Short Term Rentals in Downtown Indianapolis, IN

25 rentals

Rent special

New construction

7h ago

9.6

Excellent

Verified

The Grounds

2136 Central Ave, Indianapolis, IN 46202

Short term | In-unit laundry | Air conditioning

Studio–3 beds

1–2 baths

$1,299–$3,617

Apartment for rent

Top amenities

Assigned Parking

Fitness Center

Garage Parking

In-Unit Laundry

Roof Deck

Call

17h ago

9.6

Excellent

Verified

423 East Michigan Street

423 E Michigan St, Indianapolis, IN 46204

Short term | In-unit laundry | Furnished

Studio

1 bath

$1,932

Apartment for rent

Top amenities

Air Conditioning

Central Heat

In-Unit Laundry

Microwave

Oven

Wi-Fi

17h ago

Verified

2308 Nowland Ave, Indianapolis, IN 46201

Short term | In-unit laundry | Furnished

4 beds

2.5 baths

$8,138

$7,895

Price drop

Apartment for rent

Top amenities

Air Conditioning

Central Heat

Garage Parking

In-Unit Laundry

Oven

Wi-Fi

17h ago

Excellent

Verified

421 East Market Street

421 E Market St, Indianapolis, IN 46204

Short term | In-unit laundry | Furnished

2–3 beds

2 baths

$3,493–$5,532

Apartment for rent

Top amenities

Assigned Parking

Fitness Center

In-Unit Laundry

Oven

Roof Deck

Swimming Pool

17h ago

Excellent

Verified

615 North East Street

615 N East St, Indianapolis, IN 46202

Short term | In-unit laundry | Furnished

2 beds

1 bath

$2,261

Price drop

Apartment for rent

Top amenities

Dishwasher

Furnished

In-Unit Laundry

Microwave

Wi-Fi

17h ago

Verified

2549 Columbia Ave, Indianapolis, IN 46205

Short term | In-unit laundry | Furnished

3 beds

2 baths

$2,814

$2,603

Price drop

Apartment for rent

Top amenities

Central Heat

Dishwasher

In-Unit Laundry

On-Site Management

Wi-Fi

Nearby rental good for eco-living

$3,493–$5,532

421 E Market St

Nearby rental good for pet owners

$2,261

615 N East St

421 North Pennsylvania Street - Photo 1 of 1

17h ago

8.4

Very good

Verified

421 North Pennsylvania Street

330 E Vermont St, Indianapolis, IN 46204

Short term | Furnished | Air conditioning

Studio

1 bath

$3,145

Price drop

Apartment for rent

Top amenities

Assigned Parking

Furnished

Oven

Swimming Pool

Wi-Fi

17h ago

Verified

3203 Sutherland Ave, Indianapolis, IN 46205

Short term | In-unit laundry | Furnished

2 beds

1 bath

$3,623

Apartment for rent

Top amenities

Assigned Parking

Furnished

In-Unit Laundry

Wi-Fi

Rent an Airbnb‑friendly apartment.

Earn

extra money.

Airbnb-friendly apartments allow residents to earn extra money from hosting on Airbnb part-time.
Learn more on Airbnb

17h ago

Verified

2838 Washington Blvd, Indianapolis, IN 46205

Short term | In-unit laundry | Furnished

3 beds

2 baths

$4,826

$4,260

Price drop

Apartment for rent

Top amenities

Air Conditioning

Central Heat

Dishwasher

In-Unit Laundry

Wi-Fi

17h ago

Excellent

Verified

530 Massachusetts Avenue

530 Massachusetts Ave, Indianapolis, IN 46204

Short term | In-unit laundry | Furnished

3 beds

2 baths

$4,826

Price drop

Apartment for rent

Top amenities

Central Heat

Elevator

Furnished

Oven

Swimming Pool

Find sweet deals near Downtown Indianapolis

These rentals are 10%-30% cheaper than the local average price for similar rentals.

$1,995

Downtown Indianapolis

$850

Near Northwest - Riverside

$876

Valley Mills

$1,709–$1,817

Fishers

1d ago

Verified

518 Prospect St, Indianapolis, IN 46203

Short term | Furnished | Air conditioning

3 beds

2 baths

$2,594

Apartment for rent

Top amenities

Assigned Parking

Furnished

Oven

Package Service

Wi-Fi

2d ago

9.2

Excellent

Verified

75 W 18th Street

75 W 18th St, Indianapolis, IN 46202

Short term | Furnished

1–2 beds

1–2 baths

$1,975–$2,395

Apartment for rent

Rent special

3d ago

Very good

Verified

3132 Dr. Andrew J Brown

3132 Dr Andrew J Brown Ave, Indianapolis, IN 46205

Short term | Furnished

1–2 beds

1–2 baths

$2,100–$2,600

Apartment for rent

Highly rated

3d ago

8.7

Very good

Penrose on Mass

530 Massachusetts Ave, Indianapolis, IN 46204

Short term | Garage parking | Assigned parking

Studio–2 beds

1–2 baths

$1,190–$4,450

Apartment for rent

5d+ ago

Short Term Downtown Indianapolis condo for rent in Indianapolis

714 Buchanan St ##18, Indianapolis, IN 46203

Short term | In-unit laundry | Air conditioning

2 beds

2 baths

$1,995

Condo for rent

Top amenities

Air Conditioning

Elevator

Hardwood Floor

In-Unit Laundry

Oven

Storage

5d+ ago

8.7

Very good

Verified

335 W 9th St

335 W 9th St, Indianapolis, IN 46202

Short term | Furnished

Studio–2 beds

1–2 baths

$1,725–$2,659

Apartment for rent

5d+ ago

Excellent

River West Flats

1150 N White River Pkwy West Dr, Indianapolis, IN 46222

Short term | Air conditioning | On-site laundry

Studio–2 beds

1 bath

$1,029–$1,541

Apartment for rent

Top amenities

Ceiling Fan

Elevator

Fitness Center

On-Site Laundry

On-Site Management

Package Service

5d+ ago

Short Term Near Northwest - Riverside apartment for rent in Indianapolis

$850 - 1 Bedroom 1 Bathroom Apartment In Indianapolis With Great Amenities

941 W 26th St #2, Indianapolis, IN 46208

Short term | Air conditioning | On-site laundry

1 bed

1 bath

$850

Apartment for rent

Available Mar 9

Top amenities

Air Conditioning

Central Heat

Dishwasher

On-Site Laundry

5d+ ago

Short Term Near Southside house for rent in Indianapolis

Fully Furnished 1BR Retreat Near Downtown Indianapolis

1861 Orleans St #NA, Indianapolis, IN 46203

Short term | In-unit laundry | Furnished

1 bed

1 bath

$2,500

House for rent

Available May 20

Top amenities

Dishwasher

Furnished

In-Unit Laundry

5d+ ago

Short Term Mapleton - Fall Creek apartment for rent in Indianapolis

Desired Destination Primary Suite

3544 N College Ave, Indianapolis, IN 46205

Short term | In-unit laundry | Air conditioning

1 bed

1 bath

$1,200

Apartment for rent

Available May 20

Top amenities

Assigned Parking

Central Heat

Hardwood Floor

In-Unit Laundry

5d+ ago

Short Term house for rent in Indianapolis

Affordable Homes

1045 Orange St ##In, Indianapolis, IN 46203

Short term | In-unit laundry | Hardwood floor

2 beds

1 bath

$2,000

House for rent

Available Apr 1

Top amenities

Dishwasher

Hardwood Floor

In-Unit Laundry

5d+ ago

Short Term Near Southside condo for rent in Indianapolis

1402 Charles St, Indianapolis, IN 46225

Short term | Garage parking | On-site laundry

3 beds

2 baths

$1,250

Condo for rent

Available Mar 24

Top amenities

On-Site Laundry

5d+ ago

Short Term Downtown Indianapolis townhouse for rent in Indianapolis

450 E Ohio St ##206, Indianapolis, IN 46204

Short term | In-unit laundry | Air conditioning

1 bed

1.5 baths

$1,655

House for rent

Top amenities

Assigned Parking

Fireplace

Garage Parking

Hardwood Floor

In-Unit Laundry

Package Service

784 Woodruff Place East Dr ##2 - Photo 1 of 1

5d+ ago

Short Term Near Eastside condo for rent in Indianapolis

784 Woodruff Place East Dr ##2, Indianapolis, IN 46201

Short term | Furnished | Air conditioning

1 bed

1 bath

$1,300

Condo for rent

Top amenities

Furnished

Microwave

On-Site Laundry

5d+ ago

Short Term Downtown Indianapolis apartment for rent in Indianapolis

Short term | In-unit laundry | Furnished

1 bed

1 bath

$2,000

Apartment for rent

Available Sep 20

Top amenities

Air Conditioning

Fireplace

Fitness Center

Furnished

Garage Parking

In-Unit Laundry

Showing 1 - 25 of 25 results

Home > Apartments in Indianapolis > Downtown Indianapolis > Downtown Indianapolis Short term rentals

Updated: June 10, 2026

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