Average Rent in Downtown Indianapolis, Indianapolis, IN and Rent Price Trends

Rent price summary for
Downtown Indianapolis, Indianapolis, IN

As of September 2025, the median rent for all bedroom counts and property types in Downtown Indianapolis, Indianapolis, IN is $1,875. This is -5% lower than the national average.

$1.94

average price per square foot

Median rent

$1,875

over the previous yearvs previous year

Total rentals

78

for rent on Zumper.com

As of September 2025, the median rent for all bedroom counts and property types in Downtown Indianapolis, Indianapolis, IN is $1,875. This is -5% lower than the national average.

$1.94

average price per square foot

Rent ranges

28%

37%

26%

$0-$750$0 - $750

$751-$1,500$751 - $1,500

$1,501-$2,250$1,501 - $2,250

$2,251-$3,000$2,251 - $3,000

$3,001+$3,001+

Households

77%

23%

Renter-occupied

Owner-occupied

Median rent and rent ranges are based on Zumper inventory in the last 30 days. Household data are provided by the US Census Bureau.

Rent comparables in
Downtown Indianapolis, Indianapolis, IN
The monthly rent for an apartment in Downtown Indianapolis, Indianapolis, IN is $1,851. A 1-bedroom apartment in Downtown Indianapolis, Indianapolis, IN costs about $1,646 on average, while a 2-bedroom apartment is $2,308. Houses for rent in Downtown Indianapolis, Indianapolis, IN are more expensive, with an average monthly cost of $2,155.


1 bedroom	$1,612	No Change	6%
2 bedroom	$2,341	4%	5%
3 bedroom	$1,700	1%	8%
4 bedroom	$1,275	No Change	77%
Studio	$1,429	3%	3%

		Comparables
Near Eastside	$1,100
Near Northside	$1,550
Near Northwest Riverside	$1,262
Near Southeast	$1,075
Near Westside	$1,162
West Indianapolis	$995


Apartments	$1,851	2%	No Change
Condos	$2,475	4%	No Change
Houses	$2,155	8%	No Change
Rooms	$450	11%	No Change

Studio

Average rent

$1,429

Last 30 days

Last year

1 bedroom

Average rent

$1,612

Last 30 days

No Change

Last year

2 bedroom

Average rent

$2,341

Last 30 days

Last year

3 bedroom

Average rent

$1,700

Last 30 days

Last year

4 bedroom

Average rent

$1,275

Last year

77%

The table above reflects average rent prices in Downtown Indianapolis, 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.

Compare rent prices in Downtown Indianapolis, Indianapolis, IN to other neighborhoods

Median rent prices in Downtown Indianapolis, Indianapolis, IN for all bedroom counts and property types compared to Near Eastside, Indianapolis, IN.

Downtown Indianapolis

Median rent price$1,875

lower than the national median

Median rent price$1,100

44%

lower than the national median

Takeaway

The median rent for all rentals in Downtown Indianapolis, Indianapolis, IN is 70% higher than the median rent in Near Eastside, Indianapolis, IN.

More data insights and reports

National Rent Report

Canadian Rent Report

Annual Rent Report

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