Average Rent in Indianapolis, IN

Indianapolis rentals average $2,139 for a 1-bedroom rental to $2,139 for a 1-bedroom rental. The median price of all currently available listings is $2,139, or roughly $6 per square feet.

For the apartment units and housing in January 2025, median rents have fallen substantiallyover the last year. Studio rentals prices have decreased by $253 (-31.13%) year-over-year from $813 to $560. 1-bedroom rentals prices have decreased by $484 (-43.64%) year-over-year from $1,109 to $625. 2-bedroom rentals prices have decreased by $1,426 (-63.14%) year-over-year from $2,259 to $833. 3-bedroom rentals prices have decreased by $532 (-35.05%) year-over-year from $1,517 to $985. 4-bedroom rentals prices have decreased by $486 (-33.26%) year-over-year from $1,461 to $975. Note that this figure includes all active and rented listings throughout the month.

Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone down by 9.19% this month. 1-bedroom rents have gone down by 40.94% this month. 2-bedroom rents have gone down by 39.26% this month. 3-bedroom rents have gone down by 46.80% this month. 4-bedroom rents have gone down by 1.48% this month.