Apartments for Rent in 46224

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What to Know About

Living in 46224

Indianapolis is a beautiful city that blends history, culture, and modern amenities to offer you an unforgettable experience. Nestled in the heart of Indiana, this dynamic city is a bustling hub of arts, sports, and natural beauty. Discover iconic landmarks such as the Soldiers and Sailors Monument and the Indiana State Museum, or indulge in your love for art and music at the renowned Indianapolis Museum of Art and the Indianapolis Symphony Orchestra.

For sports enthusiasts, the world-class Lucas Oil Stadium is home to the iconic Indianapolis Colts (NFL) and the Indiana Pacers (NBA), offering an adrenaline-fueled experience for basketball fans. Nature lovers can immerse themselves in the city's many parks and green spaces, such as the Indianapolis Zoo and White River State Park. Downtown Indianapolis offers an array of shopping and dining options and exciting events like the Indianapolis 500, the Indy Fringe Festival, and the Gen Con gaming convention.

Indianapolis always manages to charm you with its high quality of life and dynamic energy, and take advantage of the chance to call this incredible city your home.

Rental Market Trends

Indianapolis, IN

As of July 2025, Indianapolis's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Indianapolis's average rent is 2.7% ($34) lower than the Indiana average of $1,263 and 30.8% ($546) lower than the U.S. average of $1,775.

Average Rent
$1,229
Monthly ChangeMonth Over Month Change
Decreased1.6% ($20)
Yearly ChangeYear Over Year Change
Decreased8.2% ($110)
Avg. Days on MarketAverage Days on Market
32
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,080 Increased0.1% ($1) Decreased2.8% ($31)
2 Beds $1,300 Decreased2.6% ($35) No change
3 Beds $1,558 Decreased1% ($15) Decreased8% ($135)
Nearby Cities Average Rent Avg. Rent vs. IndianapolisAverage Rent vs. Indianapolis Avg. Days on MarketAverage Days on Market
Beech Grove $1,078 Decreased12.3% ($151) 36 days
Carmel $2,047 Increased66.6% ($818) 28 days
Greenwood $1,176 Decreased4.3% ($53) 28 days
Brownsburg $1,251 Increased1.8% ($22) 35 days
Avon $2,299 Increased87.1% ($1070) 29 days
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Indianapolis Rental Market FAQs

Explore rental prices, market trends, and availability in Indianapolis, IN.

The average rent in Indianapolis, IN is $1,229 per month.
Apartments in Indianapolis typically rent for between $756 and $2,025 per month, with an average of $1,229 per month.
In Indianapolis, the average rent for a 1-bedroom apartment is $1,080 per month, for a 2-bedroom apartment, $1,300 per month, and a 3-bedroom apartment is $1,558 per month.
The average rent in Indianapolis is 30.8% ($546) lower than the national average of $1,775 per month.
The average rent in Indianapolis has decreased by 1.6% ($20) in the last month and decreased by 8.2% ($110) over the past year.
The rental market in Indianapolis, IN, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Indianapolis, IN, the average rental stays on the market for approximately 32 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There are currently 868 rental properties available in Indianapolis, IN.
Based on the current averages, a household would need an annual income of $52,000 to comfortably afford a 2-bedroom apartment in Indianapolis.
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