Bedroom count

Property type

Last updated on February 2, 2026

Average rent in
Downtown Indianapolis, Indianapolis, IN

Last updated on February 2, 2026

Last updated on February 2, 2026

Bedroom count

Property type

As of January 2026, the median rent for all bedroom counts and property types in Downtown Indianapolis, Indianapolis, IN is $1,852. This is -3%, or $48, lower than the national average.

$1.96

average price per square foot

Median rent

$1,852

increased by9%
over the previous yearvs previous year

Total rentals

66

for rent on Zumper.com

As of January 2026, the median rent for all bedroom counts and property types in Downtown Indianapolis, Indianapolis, IN is $1,852. This is -3%, or $48, lower than the national average.

$1.96

average price per square foot

Rent ranges

0%
26%
45%
15%
13%
$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 price trends in
Downtown Indianapolis, Indianapolis, IN

Rent price trends

Rent prices for all bedroom counts and property types in Downtown Indianapolis, Indianapolis, IN have remained the same in the last month and have increased by 9% in the last year.

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

Rent comparables in
Downtown Indianapolis, Indianapolis, IN

The monthly rent for an apartment in Downtown Indianapolis, Indianapolis, IN is $1,831. A 1-bedroom apartment in Downtown Indianapolis, Indianapolis, IN costs about $1,663 on average, while a 2-bedroom apartment is $2,058. Houses for rent in Downtown Indianapolis, Indianapolis, IN are more expensive, with an average monthly cost of $2,349.

Comparables

1 bedroom

$1,661

2%

11%

2 bedroom

$2,119

No Change

4%

3 bedroom

$2,124

9%

10%

4 bedroom

$1,700

2%

79%

Studio

$1,514

3%

13%

Studio

Average rent

$1,514

Last 30 days

3%

Last year

13%

1 bedroom

Average rent

$1,661

Last 30 days

2%

Last year

11%

2 bedroom

Average rent

$2,119

Last 30 days

No Change

Last year

4%

3 bedroom

Average rent

$2,124

Last 30 days

9%

Last year

10%

4 bedroom

Average rent

$1,700

Last 30 days

2%

Last year

79%

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$1,852
decreased by3%

lower than the national median

Median rent price$1,245
decreased by34%

lower than the national median

Takeaway

The median rent for all rentals in Downtown Indianapolis, Indianapolis, IN is 49% higher than the median rent in Near Eastside, Indianapolis, IN.

More data insights and reports

View the National Rent Report

National Rent Report

View the Canadian Rent Report

Canadian Rent Report

View the Annual 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.

Average rent in
Nearby neighborhoods

Explore rent trends in other markets

Near Eastside

$1,245

increased by12%

Last year

Near Northside

$1,339

decreased by5%

Last year

Near Northwest Riverside

$1,150

increased by11%

Last year

Near Southeast

$1,195

increased by12%

Last year

Near Westside

$1,263

increased by15%

Last year

West Indianapolis

$1,025

increased by10%

Last year

Apartments for rent in Anderson

Discover rentals in Downtown Indianapolis, Indianapolis, IN

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8.1

Very good

1022 Dr Martin Luther King Jr St

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

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412 North Alabama Street, Indianapolis, IN 46204

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1 bath

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3d ago

8.5

Very good

550 Fletcher Ave

550 Fletcher Avenue, Indianapolis, IN 46203

1–2 beds

1 bath

$1,025–$1,249

Apartment for rent

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5d+ ago

8.4

Very good

522 Fletcher Ave

522 Fletcher Ave, Indianapolis, IN 46203

1 bed

1 bath

$1,025

Apartment for rent

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Very good

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Apartment for rent

708 E 11th St Apt 10 - Photo 1 of 1

5d+ ago

Downtown Indianapolis apartment for rent in Indianapolis

708 E 11th St Apt 10, Indianapolis, IN 46202

2 beds

1 bath

$1,095

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