Bedroom count

Property type

Last updated on May 4, 2026

Average rent in
Downtown Indianapolis, Indianapolis, IN

Last updated on May 4, 2026

Last updated on May 4, 2026

Bedroom count

Property type

As of May 2026, the median rent for all bedroom counts and property types in Downtown Indianapolis, Indianapolis, IN is $1,911. This is -2%, or $39, lower than the national average.

$1.98

average price per square foot

Median rent

$1,911

decreased by3%
over the previous yearvs previous year

Total rentals

66

for rent on Zumper.com

As of May 2026, the median rent for all bedroom counts and property types in Downtown Indianapolis, Indianapolis, IN is $1,911. This is -2%, or $39, lower than the national average.

$1.98

average price per square foot

Rent ranges

1%
27%
41%
19%
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 decreased by 3% in the last month and have decreased by 3% 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 $1,835. A 1-bedroom apartment in Downtown Indianapolis, Indianapolis, IN costs about $1,575 on average, while a 2-bedroom apartment is $2,265. Houses for rent in Downtown Indianapolis, Indianapolis, IN are more expensive, with an average monthly cost of $2,610.

Comparables

1 bedroom

$1,575

3%

4%

2 bedroom

$2,257

2%

7%

3 bedroom

$4,122

12%

17%

4 bedroom

$531

9%

67%

Studio

$1,560

2%

6%

Studio

Average rent

$1,560

Last 30 days

2%

Last year

6%

1 bedroom

Average rent

$1,575

Last 30 days

3%

Last year

4%

2 bedroom

Average rent

$2,257

Last 30 days

2%

Last year

7%

3 bedroom

Average rent

$4,122

Last 30 days

12%

Last year

17%

4 bedroom

Average rent

$531

Last 30 days

9%

Last year

67%

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$1,911
decreased by2%

lower than the national median

Median rent price$1,250
decreased by36%

lower than the national median

Takeaway

The median rent for all rentals in Downtown Indianapolis, Indianapolis, IN is 53% 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

$1,250

increased by8%

Last year

Near Northside

$1,425

increased by16%

Last year

Near Northwest Riverside

$1,190

Flat

Last year

Near Southeast

$1,200

increased by6%

Last year

Near Westside

$1,212

increased by8%

Last year

West Indianapolis

$1,150

increased by47%

Last year

Apartments for rent in Anderson

Discover rentals in Downtown Indianapolis, Indianapolis, IN

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

5d+ ago

8.8

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1022 Dr Martin Luther King Jr St

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5d+ ago

7.3

Very good

Devonshire Apartments in Downtown Indianapolis

412 N Alabama St, Indianapolis, IN 46204

1 bed

1 bath

$890–$990

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241 E 9th St #8 - Photo 1 of 1

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1 bath

$975

$895

Price drop

Apartment for rent

Available Mar 4

830 N Alabama St #7 - Photo 1 of 1

5d+ ago

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212 East 10th Street - Photo 1 of 1

23h ago

8.2

Very good

212 East 10th Street

212 E 10th St, Indianapolis, IN 46202

1 bed

1 bath

$950

Apartment for rent