Last updated on September 16, 2026

Average rent in
Downtown Indianapolis, Indianapolis, IN

Median rent

Median rent in Downtown Indianapolis

$1,824/mo

decreased by3%

vs previous year

The average rent in Downtown Indianapolis is $1,824 per month as of September 2026. This is 4% below the national average rent, or $75 less per month.

$1.83

average price per square foot

Total rentals

Available rentals in Downtown Indianapolis

75

for rent on Zumper.com as of September 2026

Rent price distribution

Share of Downtown Indianapolis rentals at each price point

40%30%20%10%0%
$0 - $750
$751 - $1,500
$1,501 - $2,250
$2,251 - $3,000
$3,001+

Rent trends in Downtown Indianapolis, Indianapolis, IN

Average rent prices in Downtown Indianapolis have decreased by 1% over the last month and have decreased by 3% 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 Downtown Indianapolis, Indianapolis, IN

Rent prices in Downtown Indianapolis vary by bedroom size, rental type, and neighborhood. The average rent for an apartment in Downtown Indianapolis is $1,790, whereas a house costs $2,249. 1-bedroom apartments in Downtown Indianapolis run $1,540 on average, while 2-bedroom apartments are $2,294.

Listings

Studio

$1,521

No Change

5%

1 bedroom

$1,508

2%

8%

2 bedroom

$2,290

3%

4%

3 bedroom

$2,961

5%

13%

4 bedroom

$2,295

10%

36%

Studio

Average rent

$1,521

Last 30 days

No Change

Last year

5%

1 bedroom

Average rent

$1,508

Last 30 days

2%

Last year

8%

2 bedroom

Average rent

$2,290

Last 30 days

3%

Last year

4%

3 bedroom

Average rent

$2,961

Last 30 days

5%

Last year

13%

4 bedroom

Average rent

$2,295

Last 30 days

10%

Last year

36%

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.

How does rent in Downtown Indianapolis, Indianapolis, IN compare to other neighborhoods?

Compare median rent prices in Downtown Indianapolis and Near Eastside by all bedroom counts and property types.

Downtown Indianapolis

Median rent price$1,824
decreased by4%

lower than the national median

Median rent price$1,200
decreased by37%

lower than the national median

Takeaway

The median rent for all rentals in Downtown Indianapolis, Indianapolis, IN is 52% higher than the median rent in Near Eastside, Indianapolis, IN.

Discover rentals in Downtown Indianapolis, Indianapolis, IN

1022 Dr Martin Luther King Jr St - Photo 1 of 1

5d+ ago

8.8

Very good

1022 Dr Martin Luther King Jr St

1022 Dr Martin Luther King Jr St, Indianapolis, IN 46202

Studio

1 bath

$675

103 E 9th St #32 - Photo 1 of 1

5d+ ago

Downtown Indianapolis apartment for rent in Indianapolis

212 East 10th Street - Photo 1 of 1

5d+ ago

8.3

Very good

212 East 10th Street

212 E 10th St, Indianapolis, IN 46202

Studio–1 bed

1 bath

$900

Devonshire Apartments in Downtown Indianapolis - Photo 1 of 1

5d+ ago

7.3

Very good

Devonshire Apartments in Downtown Indianapolis

412 N Alabama St, Indianapolis, IN 46204

1 bed

1 bath

$990

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 Downtown Indianapolis, Indianapolis, IN

Quick answers to common questions about the Downtown Indianapolis rental market.

How much is rent in Downtown Indianapolis?

The average rent in Downtown Indianapolis is $1,824 per month as of September 12, 2026.

Is rent up or down in Downtown Indianapolis?

Average rent prices in Downtown Indianapolis have decreased by 1% over the last month and have decreased by 3% since last year.

How does Downtown Indianapolis rent compare to the national average?

Rent in Downtown Indianapolis is 4% below the national average, which means renters are paying approximately $75 less per month.

What salary do I need to afford rent in Downtown Indianapolis?

To comfortably afford rent in Downtown Indianapolis, you'd need to earn approximately $73,000/year, based on spending no more than 30% of your income on rent.

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).

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