Bedroom count
Property type
Last updated on August 2, 2026
Average rent in
Downtown Indianapolis, Indianapolis, IN
Average rent in
Last updated on August 2, 2026
Bedroom count
Property type
Median rent
Median rent in Downtown Indianapolis
$1,870/mo
2%vs previous year
The average rent in Downtown Indianapolis is $1,870 per month as of August 2026. This is 4% below the national average rent, or $70 less per month.
average price per square foot
Total rentals
Available rentals in Downtown Indianapolis
63
for rent on Zumper.com as of August 2026
Rent price distribution
Share of Downtown Indianapolis rentals at each price point
Rent trends in Downtown Indianapolis, Indianapolis, IN
Average rent prices in Downtown Indianapolis have increased by 2% over the last month and have decreased by 2% 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 $1,838, whereas a house costs $2,362. 1-bedroom apartments in Downtown Indianapolis run $1,633 on average, while 2-bedroom apartments are $2,349.
Listings | ||||
|---|---|---|---|---|
Studio | $1,459 | 3% |  3% | |
1 bedroom | $1,633 | 4% | 1% | |
2 bedroom | $2,349 | 6% | 1% | |
3 bedroom | $2,835 | 12% | 15% | |
4 bedroom | $2,495 | 22% | 34% |
Listings | ||
|---|---|---|
Near Eastside | $1,175 | |
Near Northside | $1,447 | |
Near Northwest Riverside | $1,195 | |
Near Southeast | $1,199 | |
Near Westside | $1,229 | |
West Indianapolis | $975 |
Listings | ||||
|---|---|---|---|---|
Apartments | $1,838 | 5% | No Change | |
Condos | $1,950 | 10% | No Change | |
Houses | $2,362 | 5% | 17% | |
Rooms | $430 | 6% | - |
Studio
Average rent
$1,459
Last 30 days
3%
Last year
3%
1 bedroom
Average rent
$1,633
Last 30 days
4%
Last year
1%
2 bedroom
Average rent
$2,349
Last 30 days
6%
Last year
1%
3 bedroom
Average rent
$2,835
Last 30 days
12%
Last year
15%
4 bedroom
Average rent
$2,495
Last 30 days
22%
Last year
34%
Near Eastside
Average rent
$1,175
Near Northside
Average rent
$1,447
Near Northwest Riverside
Average rent
$1,195
Near Southeast
Average rent
$1,199
Near Westside
Average rent
$1,229
West Indianapolis
Average rent
$975
Apartments
Average rent
$1,838
Last 30 days
5%
Condos
Average rent
$1,950
Last 30 days
10%
Houses
Average rent
$2,362
Last 30 days
5%
Last year
17%
Rooms
Average rent
$430
Last 30 days
6%
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
4%lower than the national median
39%lower than the national median
Takeaway
The median rent for all rentals in Downtown Indianapolis, Indianapolis, IN is 59% higher than the median rent in Near Eastside, Indianapolis, IN.
Average rent in nearby neighborhoods
Explore rent trends in neighboring markets
Discover rentals in Downtown Indianapolis, Indianapolis, IN
3d ago
Downtown Indianapolis apartment for rent in Indianapolis
1 bed
1 bath
$750
Apartment for rent
Available Aug 8
1d ago
549 N Senate Ave, Indianapolis, IN 46204
Studio–1 bed
1 bath
$930–$1,069
Apartment for rent
4d ago
412 N Alabama St, Indianapolis, IN 46204
1 bed
1 bath
$940–$990
Apartment for rent
3d ago
Downtown Indianapolis apartment for rent in Indianapolis
1 bed
1 bath
$950
Apartment for rent
Available Aug 8
23h ago
530 Massachusetts Ave, Indianapolis, IN 46204
Studio–2 beds
1–2 baths
$1,190–$4,450
Apartment for rent
1d ago
421 N Pennsylvania St, Indianapolis, IN 46204
Studio–3 beds
1–2 baths
$1,321–$4,550
Apartment for rent
Available Mar 17
2d ago
Verified
423 E Michigan St, Indianapolis, IN 46204
Studio–3 beds
1–3 baths
$1,697–$4,035
Apartment for rent
2d ago
Verified
421 N Pennsylvania St, Indianapolis, IN 46204
Studio–2 beds
1–2 baths
$2,493–$3,739
Apartment for rent
2d ago
Verified
530 E Ohio St, Indianapolis, IN 46204
Studio–2 beds
1–2 baths
$1,220–$1,692
Apartment for rent
2d ago
Verified
421 N Pennsylvania St, Indianapolis, IN 46204
Studio–2 beds
1–2 baths
$2,493–$3,739
Apartment for rent
3d ago
Verified
747 N College Ave, Indianapolis, IN 46202
1–2 beds
1–2 baths
$2,199–$3,227
Apartment for rent
5d+ ago
Verified
1 bed
1 bath
$2,427
Condo for rent
2d ago
Verified
50 N Illinois St, Indianapolis, IN 46204
1–5 beds
1–4 baths
$1,901–$10,036
Apartment for rent
1d ago
Verified
918 Fort Wayne Ave, Indianapolis, IN 46202
1–3 beds
1–3 baths
$1,308–$2,400
Apartment for rent
20h ago
Verified
848 Camp St, Indianapolis, IN 46202
4 beds
2 baths
$4,103
Price drop
Apartment for rent
2d ago
Verified
423 E Michigan St, Indianapolis, IN 46204
Studio–3 beds
1–3 baths
$1,697–$4,035
Apartment for rent
2d ago
Verified
530 E Ohio St, Indianapolis, IN 46204
Studio–2 beds
1–2 baths
$1,220–$1,692
Apartment for rent
20h ago
Verified
848 Camp St, Indianapolis, IN 46202
4 beds
2 baths
$4,103
Price drop
Apartment for rent
3d ago
Verified
50 N Illinois St, Indianapolis, IN 46204
2–3 beds
2 baths
$1,901–$2,538
Apartment for rent
5d+ ago
Verified
2 beds
2 baths
$3,583
$3,471
Price drop
Apartment for rent
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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 $1,870 per month as of August 1, 2026.
Is rent up or down in Downtown Indianapolis?
Average rent prices in Downtown Indianapolis have increased by 2% over the last month and have decreased by 2% 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 $70 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 $75,000/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).