Renter Resources
How to Avoid Eviction When You Can't Pay Rent
Act fast to avoid eviction, stay housed, and protect your credit. Learn exactly what to do, from negotiating with your landlord to securing emergency aid.
•8 min read
What to Know About
Living in 46226
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 May 2025, Indianapolis's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Indianapolis's average rent is 1.2% ($16) higher than the Indiana average of $1,298 and 26.7% ($479) lower than the U.S. average of $1,793.
Average Rent
$1,314
Monthly ChangeMonth Over Month Change
1.9% ($25)
Yearly ChangeYear Over Year Change
3.7% ($50)
Avg. Days on MarketAverage Days on Market
32
| Unit Type | Average Rent | Monthly ChangeMonth Over Month Change | Yearly ChangeYear Over Year Change |
|---|---|---|---|
| 1 Bed | $1,072 | 1.4% ($15) | 5.6% ($64) |
| 2 Beds | $1,328 | 5.2% ($66) | 3.2% ($41) |
| 3 Beds | $1,669 | 1.6% ($27) | 0.3% ($5) |
| Nearby Cities | Average Rent | Avg. Rent vs. IndianapolisAverage Rent vs. Indianapolis | Avg. Days on MarketAverage Days on Market |
|---|---|---|---|
| Beech Grove | $1,055 | 19.7% ($259) | 36 days |
| Carmel | $2,007 | 52.7% ($693) | 28 days |
| Greenwood | $1,760 | 33.9% ($446) | 28 days |
| Brownsburg | $1,243 | 5.4% ($71) | 35 days |
| Avon | $2,251 | 71.3% ($937) | 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 $1,314 per month.
Homes in Indianapolis typically rent for between $750 and $2,170 per month, with an average of $1,314 per month.
In Indianapolis, the average rent for a 1-bedroom home is $1,072 per month, for a 2-bedroom home, $1,328 per month, and a 3-bedroom home is $1,669 per month.
The average rent in Indianapolis is 26.7% ($479) lower than the national average of $1,793 per month.
The average rent in Indianapolis has decreased by 1.9% ($25) in the last month and decreased by 3.7% ($50) 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 is currently 1,072 rental property available in Indianapolis, IN.
Based on the current averages, a household would need an annual income of $53,120 to comfortably afford a 2-bedroom home in Indianapolis.
