Last updated on August 3, 2026

Average rent in
Indianapolis, IN

Key takeaways for renters

  • The bottom line

    Indianapolis, IN rent slipped 3.6% year over year, with a current median of $1,375/month. Renters today are paying $9 less per month on average than last year.

  • Indianapolis is 29.1% more affordable than the $1,940/month national median, offering a more accessible rental market with 1,476 total rentals.

  • Rent ranges by bedroom

    Studios rent for $876/month, 1-bedrooms for $1,047/month, 2-bedrooms for $1,275/month, 3-bedrooms for $1,625/month, and 4+ bedrooms for $1,950/month. These figures show the range renters face by bedroom count.

  • Neighborhood spotlight

    Aspen Ridge rents fell 48.8% year over year to $1,200/month across 13 rentals, a much steeper decline than the citywide 3.6% drop.

Median rent

Median rent in Indianapolis

$1,375/mo

decreased by4%

vs previous year

The average rent in Indianapolis is $1,375 per month as of August 2026. This is 29% below the national average rent, or $565 less per month.

$1.20

average price per square foot

Total rentals

Available rentals in Indianapolis

1,476

for rent on Zumper.com as of August 2026

Rent price distribution

Share of Indianapolis rentals at each price point

55%41%28%14%0%
$0 - $750
$751 - $1,500
$1,501 - $2,250
$2,251 - $3,000
$3,001+

Rent trends in Indianapolis, IN

Average rent prices in Indianapolis have increased by 1% over the last month and have decreased by 4% since last year.

Rent trends

Rent prices on this page are calculated on a rolling 30-day basis and updated daily.

Compare rent prices in Indianapolis, IN

Rent prices in Indianapolis vary by bedroom size, rental type, and neighborhood. The average rent for an apartment in Indianapolis is $1,237, whereas a house costs $1,630. 1-bedroom apartments in Indianapolis run $1,100 on average, while 2-bedroom apartments are $1,275.

Listings

Studio

$876

1%

12%

1 bedroom

$1,047

2%

No Change

2 bedroom

$1,275

3%

2%

3 bedroom

$1,625

No Change

1%

4 bedroom

$1,950

1%

9%

Studio

Average rent

$876

Last 30 days

1%

Last year

12%

1 bedroom

Average rent

$1,047

Last 30 days

2%

Last year

No Change

2 bedroom

Average rent

$1,275

Last 30 days

3%

Last year

2%

3 bedroom

Average rent

$1,625

Last 30 days

No Change

Last year

1%

4 bedroom

Average rent

$1,950

Last 30 days

1%

Last year

9%

The table above reflects average rent prices in Indianapolis, IN, broken down by the number of bedrooms, neighborhoods, and property types. The availability of data for each category is dependent on market inventory and will adjust depending on your selected filters.

How does rent in Indianapolis, IN compare to other cities?

Compare median rent prices in Indianapolis and Avon by all bedroom counts and property types.

Indianapolis

Median rent price$1,375
decreased by29%

lower than the national median

Median rent price$2,112
increased by9%

higher than the national median

Takeaway

The median rent for all rentals in Indianapolis, IN is 35% lower than the median rent in Avon, IN.

Cost of living in Indianapolis, IN

Explore the cost of essential expenses, and then use our rent calculator to find out how much rent you can afford.

Expenses
accrued by most renters
Average cost
compared to national average
Goods & Services5% lower
GroceriesNo difference
Health15% lower
Housing25% lower
Transportation1% lower
Utilities6% lower

Discover rentals in Indianapolis, IN

1748 North Bancroft Street - Photo 1 of 1

3d ago

7.3

Very good

1748 North Bancroft Street

1748 N Bancroft St, Indianapolis, IN 46218

1 bed

1 bath

$332–$379

Apartment for rent

5218 Staughton Drive - Photo 1 of 1

5d+ ago

7.3

Very good

5218 Staughton Drive

5218 Staughton Dr, Indianapolis, IN 46226

1 bed

1 bath

$398–$419

Apartment for rent

320 N Sherman Dr #A - Photo 1 of 1

5d+ ago

Near Eastside apartment for rent in Indianapolis

Apartment for rent

Available Apr 22

Pickwick Farms Apartments - Photo 1 of 1

2d ago

9.4

Excellent

Pickwick Farms Apartments

1540 Handball Ln, Indianapolis, IN 46260

Studio–3 beds

1–2 baths

$580–$2,001

Apartment for rent

Stay up to date with rental market insights

Are you interested in licensing our current and historical rental real estate data, or do you have custom data requests? Contact datalicensing@zumper.com.

Frequently asked questions for Indianapolis, IN

Quick answers to common questions about the Indianapolis rental market.

How much is rent in Indianapolis?

The average rent in Indianapolis is $1,375 per month as of August 1, 2026.

Is rent up or down in Indianapolis?

Average rent prices in Indianapolis have increased by 1% over the last month and have decreased by 4% since last year.

How does Indianapolis rent compare to the national average?

Rent in Indianapolis is 29% below the national average, which means renters are paying approximately $565 less per month.

Which neighborhoods are most affordable in Indianapolis?

The most affordable neighborhoods in Indianapolis are Near Eastside ($1,175/mo), Near Northwest Riverside ($1,195/mo), and Near Southeast ($1,199/mo).

What salary do I need to afford rent in Indianapolis?

To comfortably afford rent in Indianapolis, you'd need to earn approximately $55,000/year, based on spending no more than 30% of your income on rent.

When is the best time of year to rent in Indianapolis?

Based on Zumper's July 2026 data, one-bedroom apartments in Indianapolis average around $1,100/month and two-bedrooms approximately $1,290/month.

Methodology

Rent prices are based on Zumper's rental listings from the past 30 days. Median rent is calculated across all available listings and property types on the platform. If you filter the page by bedroom count or property type, the pricing throughout the page will update automatically to reflect that segment of the rental market.

Household and population data come from the U.S. Census Bureau. Cost-of-living data is sourced from the Council for Community and Economic Research's Cost of Living Index (COLI).

Apartments for rent in Avon