Last updated on September 18, 2026

Average rent in
Indianapolis, IN

Key takeaways for renters

  • The bottom line

    Indianapolis, IN rent is essentially flat year over year, with a current median of $1,375/month. Month-to-month rent is unchanged, and renters are paying roughly the same as last year on average across 1,683 total rentals.

  • Indianapolis sits 27.6% more affordable than the $1,900/month national median, offering a more accessible market for renters seeking value in the Midwest.

  • Rent ranges by bedroom

    Studios rent for $926/month, 1-bedrooms for $1,010/month, 2-bedrooms for $1,299/month, 3-bedrooms for $1,620/month, and 4+ bedrooms for $1,998/month. This range reflects the variety of unit sizes available in Indianapolis, IN.

  • Neighborhood spotlight

    The Devon neighborhood saw a YoY rent increase of 133.2%, contrasting with the citywide trend of essentially flat rents. This sharp rise shows localized demand shifts within Indianapolis, IN.

Median rent

Median rent in Indianapolis

$1,375/mo

decreased by1%

vs previous year

The average rent in Indianapolis is $1,375 per month as of September 2026. This is 28% below the national average rent, or $525 less per month.

$1.20

average price per square foot

Total rentals

Available rentals in Indianapolis

1,683

for rent on Zumper.com as of September 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 remained the same over the last month and have decreased by 1% 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 $1,229, whereas a house costs $1,600. 1-bedroom apartments in Indianapolis run $1,089 on average, while 2-bedroom apartments are $1,299.

Listings

Studio

$926

2%

7%

1 bedroom

$1,010

2%

5%

2 bedroom

$1,299

1%

1%

3 bedroom

$1,620

No Change

3%

4 bedroom

$1,997

1%

7%

Studio

Average rent

$926

Last 30 days

2%

Last year

7%

1 bedroom

Average rent

$1,010

Last 30 days

2%

Last year

5%

2 bedroom

Average rent

$1,299

Last 30 days

1%

Last year

1%

3 bedroom

Average rent

$1,620

Last 30 days

No Change

Last year

3%

4 bedroom

Average rent

$1,997

Last 30 days

1%

Last year

7%

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 by28%

lower than the national median

Median rent price$2,075
increased by9%

higher than the national median

Takeaway

The median rent for all rentals in Indianapolis, IN is 34% 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
Transportation2% lower
Utilities7% lower

Discover rentals in Indianapolis, IN

1748 North Bancroft Street - Photo 1 of 1

4d ago

7.3

Very good

1748 North Bancroft Street

1748 N Bancroft St, Indianapolis, IN 46218

1 bed

1 bath

$332–$379

5218 Staughton Drive - Photo 1 of 1

4d ago

7.3

Very good

5218 Staughton Drive

5218 Staughton Dr, Indianapolis, IN 46226

1 bed

1 bath

$398–$419

15 N Riley Ave #4 - Photo 1 of 1

5d+ ago

Near Eastside condo for rent in Indianapolis

15 N Riley Ave #4, Indianapolis, IN 46201

2 beds

1 bath

$645

1413 Kennington St #NA - Photo 1 of 1

5d+ ago

Near Southside house for rent in Indianapolis

2-bedroom half a double for rent

1413 Kennington St #NA, Indianapolis, IN 46225

2 beds

1 bath

$650

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 September 12, 2026.

Is rent up or down in Indianapolis?

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

How does Indianapolis rent compare to the national average?

Rent in Indianapolis is 28% below the national average, which means renters are paying approximately $525 less per month.

Which neighborhoods are most affordable in Indianapolis?

The most affordable neighborhoods in Indianapolis are Irvington ($969/mo), Mapleton Fall Creek ($1,015/mo), and Near Northwest Riverside ($1,195/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?

January offers the best rental deals in Indianapolis, with rents running about 3.3% lower than peak summer months. July sees the highest rents, so timing your search for winter can save money.

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