119

Studio Apartments for Rent in Indianapolis, IN

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  • /28

    Starting at $1,295 Per Month

    • Studio - 2 Beds

    6349 N College Ave, Indianapolis, IN 46220

    The Coil Apartments in Broad Ripple Village offer chic, modern living in one of Indianapolis's most vibrant neighborhoods. Choose from designer studio, one-, and two-bedroom apartments and lofts featuring wood-style plank flooring, floor-to-ceiling windows, smart home security, and chef-inspired kitchens—creating the perfect blend of elegance and comfort.Beyond your home, enjoy

    The Coil

    (463) 231-3142

    6349 N College Ave, Indianapolis, IN 46220
  • /51

    Starting at $1,031

    Total Monthly Price

    • Studio - 2 Beds

    7601 Carlton Arms Dr, Indianapolis, IN 46256

    Discover the perfect blend of comfort and convenience at Lake Castleton Apartments in Indianapolis, Indiana. Nestled within a scenic lakeside setting, our spacious studio, one, and two bedroom apartments feature open layouts, private patios or balconies, fully equipped kitchens, and serene pond or courtyard views.Residents enjoy a complete lifestyle experience with a resort-style swimming pool,

    Lake Castleton Apartments

    (463) 223-1647

    7601 Carlton Arms Dr, Indianapolis, IN 46256
  • /51

    Starting at $600 Per Month

    • Studio - 4 Beds

    1717 W 10th St, Indianapolis, IN 46222

    Welcome home to Vivio on Tenth in Downtown Indianapolis, Indiana! Our community is walking distance from IU Indianapolis and Purdue University in Indianapolis, IU Health Methodist Hospital, VA Medical Center, Riley Children's Hospital and Eskenazi Health with a short commute to Ulndy, Butler, Marian and Ivy Tech. We feature individual leases on studios and 1 bedroom apartments and by-the-bedroom

    Vivio on Tenth

    (888) 794-6728

    1717 W 10th St, Indianapolis, IN 46222
  • /73

    Starting at $1,340 Per Month

    • Studio - 3 Beds

    5945 Arlo Dr, Indianapolis, IN 46237

    Thank you for your interest in ARLO Apartments, Franklin Township’s premier luxury community. Conveniently located on Arlington Avenue between Stop 11 and County Line Road, ARLO offers a variety of studio, one-, two-, and three-bedroom apartment homes thoughtfully designed with your lifestyle in mind.Each apartment showcases modern features, including quartz countertops, stainless steel

    ARLO Apartments

    (463) 300-5002

    5945 Arlo Dr, Indianapolis, IN 46237
  • /37

    Starting at $689 Per Month

    • Studio - 3 Beds

    2085 Waterford Place, Indianapolis, IN 46260

    Create your dream life at The Meridian North and South! Our newly-renovated spacious one, two, and three-bedroom Indianapolis apartments for rent offer everything you need. Discover our pet-friendly community with custom features including, open floor plans, chef-inspired kitchens, private patios, balconies, and more. Enjoy amenities designed with you in mind, like our brand new fitness center,

    The Meridian North and South

    (463) 666-6402

    2085 Waterford Place, Indianapolis, IN 46260
  • /70

    Starting at $1,284 Per Month

    • Studio - 2 Beds

    915 S Meridian St, Indianapolis, IN 46225

    The sky’s the limit at Rise on Meridian. Details that heighten your every sense. Spacious rooms that raise eyebrows. And gathering places that raise spirits. Rise is your home base to all the vibrancies downtown Indy has to offer. This is more than luxury living. This is your best life.

    Rise on Meridian

    (463) 777-2902

    915 S Meridian St, Indianapolis, IN 46225
  • /43

    Starting at $765 Per Month

    • Studio - 3 Beds

    6000 W Lake South Dr, Indianapolis, IN 46224

    Welcome home to The Boardwalk at Westlake. Our beautiful family-oriented apartment home community is situated in Indianapolis, Indiana. We are located near a variety of local shopping, dining, and entertainment choices for your convenience. Interstates 74 and 465 are your gateways to all Marion County has to offer. The Boardwalk at Westlake presents apartment homes that have been designed with a

    The Boardwalk at Westlake Apartments and Townhomes

    (463) 888-6421

    6000 W Lake South Dr, Indianapolis, IN 46224
  • /20

    Starting at $819 Per Month

    • Studio - 3 Beds

    9093 Bourbon St, Indianapolis, IN 46235

    The two-bedroom apartment at Harrison Point Apartments offers a contemporary and stylish living space with beautiful vinyl flooring that adds a touch of elegance and easy maintenance. Upgraded appliances in the kitchen provide a convenient and modern cooking experience for residents, ensuring their culinary needs are met with ease.The central air system keeps the entire apartment cool and

    Harrison Point Apartments

    (463) 240-3183

    9093 Bourbon St, Indianapolis, IN 46235
  • /39

    Starting at $1,179 Per Month

    • Studio - 3 Beds

    451-475 E Market St, Indianapolis, IN 46204

    Artistry is a creatively revitalized mixed use campus in the Cole Noble district of downtown Indianapolis. Its architecture, modern features and appreciation for the arts is bound by the community's history of craft and skill. The main building features five stories of urban apartment homes and up to 68,000 square feet of commercial office space. With the addition of Mentor, Muse & Mosaic, the

    Artistry Indy

    (463) 219-2657

    451-475 E Market St, Indianapolis, IN 46204
  • /29

    Starting at $1,249 Per Month

    • Studio - 1 Bed

    531 Virginia Ave, Indianapolis, IN 46203

    Welcome to Mozzo Apartments in the heart of Fountain-Fletcher Arts District and Downtown Indianapolis, IN! Our modern and convenient community offers residents the luxury of an elevator, 24-hour maintenance, controlled access entry, off-street parking, and easy access to public transportation. Whether you're commuting to work or exploring the city, Mozzo Apartments provides the perfect blend of

    Mozzo apartments

    (463) 205-0748

    531 Virginia Ave, Indianapolis, IN 46203
  • /97

    Starting at $1,461 Per Month

    • Studio - 2 Beds

    2727 E 86th St, Indianapolis, IN 46240

    Ironworks at Keystone is a five-story development including an exciting mix of street-level restaurants & shops and 120 luxury residential apartments. Enduring all-brick architecture and our modern studios and 1 or 2 bedroom residential units meet incredible convenience in this distinct new development. Impressive interior finishes, on site dining, underground private parking and close proximity

    Ironworks at Keystone

    (463) 223-9847

    2727 E 86th St, Indianapolis, IN 46240
  • /24

    Starting at $799 Per Month

    • Studio - 3 Beds

    7171 Twin Oaks Dr, Indianapolis, IN 46226

    Million dollar upgrades inside and out means you will Live Life Better at Kingston Square in Indianapolis! Meet your neighbors and entertain your friends in the newly remodeled clubhouse. Stay fit with a weight training or cardio regime in the all new fitness center. Keep the children active at the huge, new playground and well-educated in Indianapolis Public Schools.From your new home you’ll

    Kingston Square Apartments

    (463) 465-5048

    7171 Twin Oaks Dr, Indianapolis, IN 46226
  • /88

    Starting at $809 Per Month

    • Studio - 2 Beds

    9000 N College Ave, Indianapolis, IN 46240

    The new Hub at Nora Apartments in Indianapolis, IN offers studios, one and two-bedroom floor plans and two-bedroom townhomes. The community is tucked away from the hustle and bustle while within walking distance to the Monon Trail, Starbucks, Target, and provides easy access to 86th St, Meridian St, and I-465.You will be excited to see major renovations and improvements underway. Choose from

    The Hub at Nora

    (463) 229-6585

    9000 N College Ave, Indianapolis, IN 46240
  • /65

    Starting at $1,208 Per Month

    • Studio - 2 Beds

    640 E Michigan St, Indianapolis, IN 46202

    Lockerbie Lofts offers residents a home in the heart of it all. Our Downtown Indianapolis apartments incorporate cutting-edge design, luxe amenities, and a location that can't be beat. With a selection of luxury studio, one and two-bedroom apartments for rent, Lockerbie Lofts offers residents open concept floor plans, contemporary finishes, and thoughtfully designed amenities in the heart of the

    Lockerbie Lofts

    (463) 219-1252

    640 E Michigan St, Indianapolis, IN 46202
  • /22

    Starting at $1,409 Per Month

    • Studio - 3 Beds

    5705 Apex Dr, Fishers, IN 46250

    Experience elevated living at River Place Flats, a brand-new luxury community in vibrant Fishers, IN offering pet-friendly studio, one-, two-, and three-bedroom apartments with sleek finishes like quartz countertops, stainless-steel appliances, and in-unit washers and dryers. Nestled just off 96th & Allisonville along the White River, this thoughtfully designed neighborhood features a saltwater

    River Place Flats

    (463) 230-6416

    5705 Apex Dr, Fishers, IN 46250
  • /27

    Starting at $1,339 Per Month

    • Studio - 3 Beds

    617 N College Ave, Indianapolis, IN 46204

    Located in the Chatham-Arch Historic District, a bright brick and yellow façade welcomes you home, where four new buildings feature an assortment of chic studio, one-, two- and three-bedroom apartment homes. Circa Apartments lie just south of Mass Ave, one of the most exciting and eclectic areas of downtown Indianapolis. Inside each residence, designer wood-style flooring flows throughout the

    Circa Apartments

    (855) 419-1932

    617 N College Ave, Indianapolis, IN 46204
  • /87

    Starting at $1,440 Per Month

    • Studio - 2 Beds

    501 Virginia Ave, Indianapolis, IN 46203

    Welcome to Slate Apartments, located on Virginia Ave, where modern living meets convenience and style! Our community offers a variety of spacious and thoughtfully designed studio, one-bedroom, and two-bedroom apartments. Skyline views of Downtown Indianapolis, kitchen islands with waterfall countertops, stainless steel appliances, washer and dryer, and large balconies are some of the apartment

    Slate Apartments

    (463) 219-1354

    501 Virginia Ave, Indianapolis, IN 46203
  • /55

    Starting at $1,199 Per Month

    • Studio - 2 Beds

    1515 Lewis St, Indianapolis, IN 46202

    Choose to live your best life at Wesmont! Our luxury apartments in Indianapolis allow you to reside in comfort and sophistication while exploring the unique and dynamic culture of Downtown Indianapolis. Superior amenities, resort inspired services, and a well-connected address allow you to indulge in all the urban conveniences you want without giving up on the peace and quiet you deserve.

    Wesmont

    (317) 951-9189

    1515 Lewis St, Indianapolis, IN 46202
  • /183

    Starting at $1,299 Per Month

    • Studio - 2 Beds

    1827 N Meridian St, Indianapolis, IN 46202

    The Stella offers modern studio, one-, and two-bedroom apartments with stainless steel appliances, granite countertops, and in-unit washers and dryers. Enjoy premium amenities like a rooftop deck, pool, fitness center, and pet park—all just 1.5 miles from Monument Circle. Schedule a tour today!

    The Stella

    (317) 939-5946

    1827 N Meridian St, Indianapolis, IN 46202
  • /29

    Starting at $873 Per Month

    • Studio - 2 Beds

    7135 Islander Dr, Indianapolis, IN 46214

    Welcome to comfortable, and convenient living at Mariners Village. Our studios, 1, and 2 bedroom homes are thoughtfully designed to both ease and enhance your daily life. All residences feature stylish finishes like fresh appliances and wood-style flooring. You'll also enjoy top-notch community amenities like a swimming pool, clubhouse, and fitness center. Why wait? Live Mariners Village – raise

    Mariners Village Apartments

    (463) 888-7445

    7135 Islander Dr, Indianapolis, IN 46214
  • /71

    Starting at $1,299 Per Month

    • Studio - 3 Beds

    2136 Central Ave, Indianapolis, IN 46202

    Ready to elevate your lifestyle to a higher standard of luxury? Welcome to The Grounds, a brand-new community of luxury studio's to three-bedroom apartment homes offering an unparalleled rental experience. Nestled in the vibrant Herron-Morton Place neighborhood, our exclusive residences place you steps from the energy of Downtown Indianapolis. Blending history with modern touches, each apartment

    The Grounds

    (463) 230-6570

    2136 Central Ave, Indianapolis, IN 46202
  • /45

    Starting at $1,029 Per Month

    • Studio - 3 Beds

    8101 Laguna Dr, Indianapolis, IN 46260

    The Manning Apartments offers a modern and sophisticated living experience in the heart of Indianapolis, Indiana. Our thoughtfully designed one-, two-, and three-bedroom apartments feature spacious layouts, upscale finishes, and contemporary touches like gourmet kitchens, large closets, and private balconies or patios.Enjoy access to premier amenities, including a resort-style

    The Manning Apartment Homes

    (463) 229-6437

    8101 Laguna Dr, Indianapolis, IN 46260
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    Starting at $1,390 Per Month

    • Studio - 1 Bed

    231 N Pennslvania Ave, Indianapolis, IN 46204

    One of the most desirable downtown Indianapolis addresses. Distinctive, living designed and carefully curated to appeal to discerning tastes. Near Ardmore you’ll find the neighborhood’s Needler's Food Market®, Shake Shack, Sweet Green, Los Arroyos, and access to the Cultural Trail, Old National Center as well as exclusive services and amenities right outside your front door. There’s no place in

    Ardmore Apartments

    (844) 970-3727

    231 N Pennslvania Ave, Indianapolis, IN 46204
  • /66

    Starting at $775 Per Month

    • Studio - 3 Beds

    3645 Wingate Ct, Indianapolis, IN 46235

    Spanish Oaks offers 1,2 and 3 bedroom apartments and townhomes to meet anyone’s needs and providing something for everyone. Conveniently located on Indianapolis’ east side, Spanish Oaks is just minutes away from I-465/I-70, shopping centers, various dining options, and fitness facilities. With a variety of layouts and sizes, each home has an abundance of natural light with a neutral color palette

    Spanish Oaks

    (463) 465-1039

    3645 Wingate Ct, Indianapolis, IN 46235
  • /17

    Starting at $1,195 Per Month

    • Studio - 2 Beds

    460 N White River Pkwy Dr W, Indianapolis, IN 46222

    Riverview Apartments is where modern living meets the energy of Downtown Indianapolis! Located along the scenic White River, our community offers studio, one, and two-bedroom apartments, featuring hardwood-style floors and quartz countertops for a modern touch. You'll enjoy plenty of perks right at home, including a vibrant clubhouse with free Wi-Fi, perfect for remote work, and a 24-hour fitness

    Riverview

    (463) 223-3951

    460 N White River Pkwy Dr W, Indianapolis, IN 46222
  • /46

    Starting at $665 Per Month

    • Studio - 2 Beds

    360 Sandra Ln, Indianapolis, IN 46227

    Country Club Apartments are located in the heart of Indianapolis’ South side and offer studio, 1 and 2 bedroom apartment homes for rent. With convenient and easy access to Interstates 65, 70 and 74, Country Club is located in Perry Township and near Greenwood – just minutes from all the shopping, dining and entertainment of Downtown Indianapolis. And, our community is within short walking

    Garfield Park Village

    (463) 300-5189

    360 Sandra Ln, Indianapolis, IN 46227
  • /29

    Starting at $1,212 Per Month

    • Studio - 1 Bed

    515 E Market St, Indianapolis, IN 46204

    Welcome to The E’Laan, a residential community featuring studio, one and two bedroom apartments in Downtown Indianapolis, IN. Spacious layouts and amenities welcome you home, along with exceptional service and an ideal location within walking distance to shopping, dining and entertainment options. Are you looking for an apartment for rent Indianapolis, IN? Contact our friendly, professional

    The E'Laan

    (463) 230-8715

    515 E Market St, Indianapolis, IN 46204
  • /74

    Starting at $1,701 Per Month

    • Studio - 3 Beds

    220 N Meridian St, Indianapolis, IN 46204

    Welcome to 220 Meridian, offering luxury apartments in downtown Indianapolis where modern living meets urban convenience in the heart of the city. Located in the vibrant heart of downtown Indianapolis, our studio, one-, two-, and three-bedroom apartments offer spacious layouts, upgraded household appliances, in-home washers and dryers, large closets, and extra storage—perfect for the lifestyle

    220 Meridian

    (888) 907-1241

    220 N Meridian St, Indianapolis, IN 46204
  • /82

    Starting at $1,250 Per Month

    • Studio - 3 Beds

    9433 Avant Ave, Indianapolis, IN 46240

    Nook Nine Apartments now offers modern studio, 1-bedroom, 2-bedroom, and 3-bedroom apartments in Indianapolis, IN. Nestled in a prime location in the far Northside, near Carmel, Nook Nine combines stylish design with upscale amenities, creating a vibrant living experience just minutes from downtown Indianapolis. Residents can enjoy spacious floor plans, a state-of-the-art fitness center,

    Nook Nine

    (844) 568-2069

    9433 Avant Ave, Indianapolis, IN 46240
  • /56

    Starting at $1,095 Per Month

    • Studio - 2 Beds

    3200 Dr Andrew J Brown Ave, Indianapolis, IN 46205

    Perfectly placed on the Monon Trail, The Domino is a launchpad for your best life! Inside our brand-new community, choose from sleek studios, stylish one-bedrooms, and expansive two-bedroom layouts, all designed with high-end finishes, open-concept living, and floor-to-ceiling style. Step outside your door and into Mass Ave, the Bottleworks District, and Fountain Square, where the city’s hottest

    The Domino

    (463) 209-8614

    3200 Dr Andrew J Brown Ave, Indianapolis, IN 46205
  • /69

    Starting at $910

    Total Monthly Price

    • Studio - 3 Beds

    335 W 9th St, Indianapolis, IN 46202

    Our spacious apartment homes feature gourmet kitchens with high-end finishes, luxurious bathrooms, and expansive closets with custom built-in shelving, providing abundant storage. Step onto your private balcony and take in breathtaking panoramic views of the picturesque canal and the vibrant Downtown Indianapolis skyline.Beyond your exquisite apartment, indulge in our premier amenities.

    9 On Canal

    (463) 213-3367

    335 W 9th St, Indianapolis, IN 46202
  • /55

    Starting at $1,099 Per Month

    • Studio - 2 Beds

    75 W 18th St, Indianapolis, IN 46202

    Wesley Place Apartments brings modern luxury apartment living to one of the most dynamic and active areas of metropolitan Indianapolis. Offering 244 beautifully cultivated apartments near Northside Indianapolis, this walkable and well-connected community has it all. Convenient to some of the most enviable areas in Indianapolis, including the Central Canal Walk, the Indianapolis Cultural Trail,

    Wesley Place

    (463) 230-8672

    75 W 18th St, Indianapolis, IN 46202
  • /46

    Starting at $1,304 Per Month

    • Studio - 2 Beds

    6160 N Rural St, Indianapolis, IN 46220

    Step inside AYR to discover sophisticated interiors that complement the dynamic external culture at your fingertips. AYR is less than five minutes from Broad Ripple, meaning you can enjoy the area’s thriving art scene and culture, diverse nightlife, and a variety of restaurants, cafes, and shops offering unique culinary and shopping experiences. Being situated between downtown and the north side

    AYR Apartments

    (855) 947-0021

    6160 N Rural St, Indianapolis, IN 46220
  • /51

    Starting at $1,150 Per Month

    • Studio - 2 Beds

    1410 Breedlove Ln, Indianapolis, IN 46202

    Vanguard at 16 Tech offers brand-new luxury apartments in one of Indianapolis's most dynamic neighborhoods. With sleek, modern layouts ranging from studios to two-bedroom apartments, your home features high-end finishes, open-concept designs, and abundant natural light. Step outside your door and enjoy walkable access to the White River Trail, fine arts, riverside greenways, and evolving local

    Vanguard at 16 Tech

    (317) 576-2771

    1410 Breedlove Ln, Indianapolis, IN 46202
  • /30

    Starting at $839 Per Month

    • Studio - 2 Beds

    10101 Montery Rd, Indianapolis, IN 46235

    The Vineyards Apartment Homes – A Welcoming Place to Call HomeThe Vineyards Apartment Homes offers studio, 1-, and 2-bedroom apartments designed for comfort and style. With open layouts, modern finishes, and bright interiors, each home provides the perfect space to relax and recharge.Set in a convenient location near shopping, dining, and everyday essentials, The Vineyards

    The Vineyards Apartment Homes

    (304) 807-9518

    10101 Montery Rd, Indianapolis, IN 46235
  • /50

    Starting at $919 Per Month

    • Studio - 2 Beds

    2975 Coast Dr, Indianapolis, IN 46214

    Fisherman's Village Apartments in Indianapolis, IN are three miles from Clermont and less than five miles from I-74 and I-465. Most apartments have private patios/balconies, all-electric kitchens with breakfast bars, walk-in closets, and lake/lagoon views. Pet-friendly community features a 24-hour fitness center, swimming pool, available covered parking, 60-acre fishing/boating lake and two

    Fisherman's Village

    (463) 230-6766

    2975 Coast Dr, Indianapolis, IN 46214
  • /13

    Starting at $1,405 Per Month

    • Studio - 2 Beds

    152 E New York St, Indianapolis, IN 46204

    Pulliam Square is a luxury apartment community located in the heart of Downtown Indianapolis, just steps from Mass Ave and Monument Circle. Pulliam Square features modern studio, 1, and 2-bedroom apartments in a location second to none. With a Walk Score of 98, there is a plethora of shopping, dining, and entertainment options just outside your door. Residents also have easy access to interstates

    Pulliam Square

    (463) 777-2358

    152 E New York St, Indianapolis, IN 46204
  • /26

    Starting at $850 Per Month

    • Studio - 2 Beds

    3410 Rue Chanel, Indianapolis, IN 46227

    Experience enjoyable apartment living in Indianapolis at Parc Bordeaux Apartments, with newly renovated units and top-notch amenities. Our scenic community boasts a location that offers convenience with close proximity to I-65 and I-74. There are plentiful opportunities locally for dining, shopping, and entertainment. Our floor plans offer spacious, versatile living to suit any lifestyle.Our

    Parc Bordeaux Apartments

    (463) 219-2815

    3410 Rue Chanel, Indianapolis, IN 46227
  • /42

    Starting at $700 Per Month

    • Studio - 4 Beds

    3800 W Michigan St, Indianapolis, IN 46222

    Discover your perfect home at Maple Creek Village Apartments, beautifully renovated apartment community located in the heart of Indianapolis, Indiana. Our upgraded floorplans offer open-concept layout with modern sleek tile flooring and finishes. Just minutes from downtown, and major roadways, Maple Creek Village is the perfect home base in Indianapolis.

    Maple Creek Village

    (317) 676-3677

    3800 W Michigan St, Indianapolis, IN 46222
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    Starting at $1,269 Per Month

    • Studio - 3 Beds

    6220 Guilford Ave, Indianapolis, IN 46220

    Broad Ripple embraces its reputation for being socially, economically, artistically and ethnically diverse. From one direction you see the vivid nightlife scene. From the other, the peaceful and relaxing view of family life and single-family homes. Versa, was inspired by just that. A play on the phrase "vice versa", our community is the contrast of two worlds and the tale of two stories. It

    Versa

    (463) 278-7927

    6220 Guilford Ave, Indianapolis, IN 46220

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Why Live in Indianapolis

Indianapolis combines premier cultural attractions with affordable living costs. The Indianapolis Cultural Trail connects visitors to destinations like the Children's Museum of Indianapolis, the largest children's museum globally, and the prestigious Indianapolis Motor Speedway Museum. Nature lovers frequent Eagle Creek Park, one of America's largest municipal parks, along with the scenic Canal Walk for paddling and cycling. The dining scene features iconic establishments like St. Elmo Steak House, known for its fiery shrimp cocktail, and creative farm-to-table spots like Bluebeard.

The housing market presents diverse options across price points. The median sale price for homes in Indianapolis is $250,000. Single family homes in desirable areas like Meridian Kessler command a median price of $480,000, while more affordable options exist in Irvington with a median of $243,500. Broad Ripple, known for its arts scene, has a median single family home price of $350,000. Condominiums provide another option, with one bedroom units at a median of $207,000 and two bedrooms at $205,000.

Indianapolis maintains a cost of living 10.9% below the national average. A family with school age children needs approximately $95,000 annually to live comfortably, while renters require about $52,000. Property taxes stand at 0.93% in Marion County, lower than many major cities. The state income tax rate is 3.00% with an additional 2.02% local income tax for Marion County residents.

The education system includes excellent options like Park Tudor School and Cathedral High School, both rated A+ by Niche. Major universities include Butler University and Indiana University Purdue University Indianapolis. The city's grid layout and Interstate 465 beltway facilitate easy navigation, while the IndyGo bus system and Red Line provide public transit options.

Frequently Asked Questions

How much does it cost to rent a home in Indianapolis, IN?
The median rent for a home in Indianapolis, IN is $1,695 per month, though prices vary by neighborhood, size, and property type. As of May 2026, townhouses tend to be the most affordable option while condos and single-family homes are currently more expensive.
How much do you need to make to afford rent in Indianapolis, IN?
To comfortably afford the median rent in Indianapolis, IN, a household needs to earn roughly $67,800 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $1,695 per month in Indianapolis, IN, renters typically need to show $5,085 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Indianapolis, IN?
In Indianapolis, IN, the price-to-rent ratio is 12.8, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in Indianapolis, IN are best for renting a home?
The best neighborhood for renting in Indianapolis, IN depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include North Meridian and Near Northside, each with its own character and price range.

Rental Home Trends in Indianapolis, IN

Rental Home Trends

Number of Homes for Rent
119
Median Rent
$1,695
Median Single Family Home Rent
$1,688
Median Townhouse Rent
$1,220
Median Condo Rent
$1,475
How to Rent a Home