Rental Market Trends in Indianapolis, IN

The average rent in Indianapolis, IN is around $642 per month. However, this can vary depending on the neighborhood, the size of the rental unit, and the property's condition. For example, rents are typically higher in desirable areas close to amenities and popular destinations. Larger apartments or homes with multiple bedrooms or modern amenities can also be more expensive. Keep these factors in mind when searching for a rental in Indianapolis, IN.

Currently, there are 5 rental properties available in Indianapolis, IN. This includes a variety of options such as apartments, condos, town homes, single-family homes, single rooms, shared rooms and pg accommodations catering to different budgets and preferences. So, if you're looking for a place to rent in Indianapolis, IN, you have plenty of choices to explore!

If you're looking for budget-friendly neighborhoods in Indianapolis, IN, consider these options:

• Rainbow Highlands: Average rent is $800 per month.
• Newark Village: Average rent is $800 per month.
• Indian Lake: Average rent is $800 per month.
• Allisonville: Average rent is $800 per month.

The most expensive neighborhoods in Indianapolis, IN are:

• Newark Village: Average rent is $800 per month.
• Indian Lake: Average rent is $800 per month.
• Rainbow Highlands: Average rent is $800 per month.
• Allisonville: Average rent is $800 per month.

Over the past year, the average rent in Indianapolis, IN have increased by approximately 0%, which translates to $53 per month. This change reflects shifting market trends and evolving housing demand in the area, impacting renters' costs and affordability.

The Average rent price in Indianapolis, IN for June 2025 is $642, which is $41 less than in May.