Apartments for Rent in Indianapolis, IN

Listings last updated 07/28/2021
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Frequently Asked Questions

How much is the average rent in Indianapolis, IN?

The average rent in Indianapolis, IN is at $969. There are 275 apartments for rent in Indianapolis, IN to choose from, with prices between $359 and $7,533 per month.

How to search for apartments for rent in Indianapolis, IN?

Your perfect apartment for rent in Indianapolis, IN is just a few clicks away on Point2. You can look up 1-bedroom, 2-bedroom, 3-bedroom apartments, studio apartments or any other type of rental in Indianapolis, IN. Just use the filtering options available to find properties according to your needs. 

How to find Indianapolis, IN apartments for rent I can afford?

On Point2, you can search for apartment rentals in Indianapolis, IN based on your budget. Sort all condos according to price, or get a tailored list of properties by setting the minimum and maximum monthly rates you're comfortable with. Moreover, you can use the Price Drop filter to look for any recent rent declines on the Indianapolis, IN rental market. 

What type of information can I find on Point2?

Point2 offers a lot of information about rentals in Indianapolis, IN, from property type, square footage and amenities to area demographics and even local rent trends. Additionally, you can use the map view to check if the apartments you're looking at are close to the facilities and services you need. The name and contact details of the real estate agents handling the condos are available on all listings, so just reach out to them directly through the contact forms provided. 

How to find apartments for rent near me?

Save time and energy when looking up nearby rental places by using the Point2 near me pages: Apartments for rent near your location | Houses for rent near me| Townhomes for rent near me | 1-bedroom rentals near me| 2-bedroom rentals near me | 3-bedroom rentals near me

Renter’s City Guide to Indianapolis, IN

Introducing Indianapolis Expenses & Housing Stats Jobs & Education Lifestyle & Renting Tips

Established in 1824, Indianapolis was such an important manufacturing and transportation hub in the U.S. that it earned the nickname of ‘The Crossroads of America.’ The city still lives up to its name today, as it has the highest number of highways intersecting within its limits than anywhere else in the country. Indianapolis also maintains the highest number of war monuments outside of Washington D.C. while also being a popular sports destination. 

How big is Indianapolis?

Indianapolis is the largest city in the state of Indiana. It is also the second-largest city in the Midwest, after Chicago, which is three times larger in terms of population. 

What cities are close to Indianapolis?

The largest city that is close to Indianapolis is Chicago. It is situated 165 miles away and can easily be reached in a three-hour drive.

What is the weather like in Indianapolis?

Indianapolis enjoys all four seasons throughout the year. Summers tend to be hot and humid, with temperatures ranging between 75℉ and 90℉ and lasting from May through September. Fall and spring are pleasant, although the weather can change abruptly in March and April, alternating between hot days and snow showers. Winters last between December and February and tend to be cold, with temperatures averaging around 28℉, occasionally dropping below 0℉.

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What is living in Indianapolis like?

Residents of Indianapolis are known for their Midwestern warmth and friendly attitude. Life in Indianapolis is often described as living in a big city with a small-town feel. Some perks of living here are the lower cost of living, the numerous opportunities for outdoor activities, the city’s sports culture, as well as its diversity: nearly 60% of the population is Caucasian, and around 30% is African American.

Indianapolis Demographic Highlights

Total Population 864,447
Female
Male
447,554
416,893
Median Age 34.2
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How much is public transportation in Indianapolis?

Public transport in Indianapolis is provided through IndyGo, which operates on 32 routes with about 4,000 stops and serves an average of 10.2 million passengers per year. You can get a one-way ticket for $1.75 or a monthly pass for $60. Most of the residents own a car, yet the average commute time is below the national figures: 23 minutes, versus the U.S. average of 26 minutes.

How much does a meal cost in Indianapolis?

The cost of a three-course meal for two in a mid-range Indianapolis restaurant is $55, which is on par with the national average. A meal for one in the business district costs around $12, while a regular cappuccino is $4.

How much are utilities in Indianapolis?

The monthly utility bill for a 915 sq ft apartment in Indianapolis is $170, slightly above the U.S. average of $160.

Indianapolis Rent Statistics

Apartment Rent Ranges

$501 - $70017.4%
$701 - $1,00045.37%
$1,001 - $1,50031.23%
$1,501 - $2,0004.24%
> $20001.24%

Average Rent Trends

What is the average rent in Indianapolis?

The average rent for an apartment in Indianapolis is $969 per month.

What is the average apartment size in Indianapolis?

The average apartment size in Indianapolis is 880 sq. ft.

What is the rent for a studio apartment in Indianapolis?

Rent for a studio apartment in Indianapolis ranges between $359 and $4,166 per month.

What is the rent for a 1-bedroom apartment in Indianapolis?

Rent for a 1-bedroom apartment in Indianapolis ranges between $429 and $5,191 per month.

What is the rent for a 2-bedroom apartment in Indianapolis?

Rent for a 2-bedroom apartment in Indianapolis ranges between $599 and $7,490 per month.

What is the rent for a 3-bedroom apartment in Indianapolis?

Rent for a 3-bedroom apartment in Indianapolis ranges between $725 and $4,446 per month.

Indianapolis Housing Statistics

Occupied Housing Units 338,208
Owner occupied 53.13%
Renter occupied 46.87%
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What are the major industries in Indianapolis?

Indianapolis used to be a major manufacturing hub, but its economy had diversified since the 1980s when the city decided to shift the focus towards becoming a sports tourism destination. As a result, the retail and services industries have picked up, especially the hospitality sector, while the sports events and conventions have also contributed significantly to the local economy. The insurance industry is also another key player in terms of local revenue. 

What are the top employers in Indianapolis?

Indianapolis is home to several large insurance companies, which also act as top employers. Conesco and Anthem Inc., to name a couple, have headquarters in the city. Due to Indianapolis’s highway infrastructure and location, the city is an important center for companies that rely on strategically placed distribution centers, such as Amazon, Walmart and Target.

Indianapolis Employment Statistics

White Collar 316,693
Blue Collar 104,183
White Collar 75.25%
Blue Collar 24.75%
Self Employment 28,859
Private Companies 311,627
Governmental Workers 40,418
Not for Profit Companies 39,972
Self Employment 6.86%
Private Companies 74.04%
Governmental Workers 9.6%
Not for Profit Companies 9.5%
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What are the top colleges in Indianapolis?

Indianapolis has several state universities and private colleges. Indianapolis University—Purdue University Indianapolis is the largest in the city, and it’s a research institution that is part of both Indianapolis University and Purdue Systems. Other notable names include Marian University, a Catholic liberal arts school, and Butler University, which established the first English Department in the state.

Indianapolis Education Statistics

No High School4.57%
Some High School38.36%
Some College21.28%
Associate Degree7.12%
Bachelor Degree19.14%
Graduate Degree0%
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What are the top sports attractions in Indianapolis?

Indianapolis is an excellent city for sports lovers, and its top attraction is the Indy 500, the largest one-day sporting event in the world, taking place at the Indianapolis Motor Speedway. Basketball fans will be up for a real treat visiting the NCAA Hall of Champions, while football fans shouldn’t miss watching the Colts play. Some of the best sports venues in the city are Lucas Oil Stadium and Victory Field, which Sports Illustrated dubbed ‘the best minor league ballpark in America.’ 

What are the best music venues in Indianapolis?

Indianapolis offers plenty of opportunities to catch a live music performance. Klipsch Music Center is an open-air venue hosting performances from bands like Dave Matthews and Rascal Flatts, while Bankers Life Fieldhouse hosts international superstars like Lady Gaga and Justin Bieber. If you prefer the indie scene, Hi-Fi will be right up your street in terms of alternative shows. Another great spot is the Slippery Noodle Inn, a historic restaurant and blues venue that was once a stop on the Underground Railroad.

What is there to do in Indianapolis for families?

There are numerous attractions in Indianapolis for families. The Children’s Museum of Indianapolis is the world’s largest museum for kids, sprawling over a million square feet, and it’s also close to the Indianapolis Zoo. The Indiana State Museum often shows educational films at its IMAX Theater, while the Indianapolis Art Center offers classes on woodworking and painting, as well as 12 acres of interactive artwork. 

What parks are there in Indianapolis?

Indianapolis has some of the best parks in the country. Walkers and bikers will enjoy exploring the White River State Park and the Canal Walk through the city’s downtown. Eagle Creek Park and Marina is an excellent place for those who enjoy fishing and water sports, with its 3,900 acres of land and 1,400 acres of water, as well as a treetop zip line. Also, visiting Harrison State Park is a must, especially in spring, when the trees are blooming.

What is there to do in Indianapolis for young couples?

If you’re looking for somewhere to take your special someone on a romantic date, there are lots of options waiting for you in Indianapolis. Head up to the Eagle’s Nest on the 20th floor of the Hyatt Regency Hotel and enjoy a panoramic view of the city from what OpenTable named one of the 50 most romantic restaurants in the U.S. You can also take your partner for a spin on the dance floor at the Fountain Square Theatre, or let the Old World Gondoliers row you along in a gondola ride down the central canal.

Where to wine and dine in Indianapolis?

The city of Indianapolis has bars and restaurants that cater to everyone’s tastes. 1933 Lounge is a speakeasy that’s a great spot for a romantic date, or you can check out St. Elmo’s Steakhouse, one of the city’s most popular restaurants. Also, Kilroy is a local favorite when it comes to barbecue. 

What are the best museums in Indianapolis?

Indianapolis pays homage to its ancestors through the exhibits at the Eiteljorg Museum of American Indians and Western Art, which has an impressive collection of Native American art. Meanwhile, the Indianapolis Museum of Art caters to those who prefer admiring modern art exhibits. History buffs will feel right at home in Indianapolis. A stop at the Indianapolis World War Memorial Plaza and the Soldiers’ and Sailors’ Monument is a must for those doing a patriotic tour of the country.

Where to go shopping in Indianapolis?

From upscale fashion shops to bargain finds, Indianapolis fits all budgets. For something high-end, check out The Fashion Mall at Keystone, home to designers such as Saks Fifth Avenue and Nordstrom. Those who prefer boutiques should check out the Mass Ave district, which is also home to Stout’s, the oldest shoe store in the U.S. Castleton Square is the largest mall in Indiana, and also the place where you’ll find department stores such as Sears, Macy’s or J. C. Penney.

Indianapolis Household Statistics

Total Number of Households 338,208
Average People Per Household 3
Median Household Income$47,873
Average Household Income$68,364
Family
Non-family
183,037
155,171
Children
No Children
93,309
244,899

What are renter’s rights in Indianapolis?

Renter’s rights in Indianapolis are pretty similar to the rest of the U.S. Landlords are required to give a 30-day notice prior to raising the rent and return the security deposit within 45 days of the tenant moving out. Landlords also have to provide an itemized bill in case they have to keep any of the deposit to pay for damage repair. Tenants have 10 days after the rent is due before the landlord can file for eviction. One notable difference is that the law doesn’t stipulate how much a landlord can charge in late rent fees.

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