Rental prices in Chapel Hill, Indianapolis, IN have decreased by 1.73% over the past year. The average rent moved from $1,363 to $1,340.
Check out the average rent in Indianapolis.
The national average price of rental apartments is $1,741, while the average monthly rent in Chapel Hill, Indianapolis, IN is $1,340.
The average monthly rent for an apartment in Chapel Hill, Indianapolis, IN is around $1,340.
A share of 8% of apartments in Chapel Hill, Indianapolis, IN have the cheapest rents between ≤ $1000. Around 77% of Chapel Hill's apartments have monthly rents between $1,001-$1,500. There are 16% of apartments with rents between $1,501-$2,000.
The largest share of rentals in Chapel Hill, Indianapolis, IN (77%) fall between $1,001-$1,500 per month. This suggests that most people succesfully find suitable apartments within this price.
The average rent in Chapel Hill, Indianapolis, IN is $1,181.
In Chapel Hill, 53% of the residents are renting compared to 47% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 14% of Chapel Hill's rentals, 74% are small-scale complexes with under 50 units, and 12% are single-family rentals.
A convenient westside suburb in Indianapolis is the neighborhood of Chapel Hill. Renters who commute directly to downtown Indianapolis will love the proximity of Interstate 465 to get there. Meanwhile, families that rent will enjoy an above-average school system run by Marion County Public Schools. The neighborhood is also close to the famous Indianapolis Motor Speedway, where the Indy 500 takes place every year, attracting renters and tourists alike to this popular car-racing event. It's only 10 minutes away from Chapel Hill rental apartments.
Renting in the Chapel Hill neighborhood is ideal for families because many of the rental apartments or townhomes have the option for three or even four bedrooms. The style of rental apartments is typical for the Midwest with brick and siding buildings that are three or four stories tall. Renters will also enjoy pet-friendly amenities, such as walking trails, dog parks and waste receptacles. Other amenities that are popular in rental apartments in the Chapel Hill neighborhood include pools open in the summertime, 24-hour fitness centers, clubhouses and grilling stations. Note that, when looking for rental apartments in this area of Indianapolis, it's also referred to as the Chapel Hill/Ben Davis neighborhood.
In total, Chapel Hill, Indianapolis, IN has 6,177 residents, 3,271 women and 2,906 men, per U.S. Census recent estimates. Statistics show that the median age of Chapel Hill’s population is 35.
There are a ton of suburban amenities to look forward to using while renting in this quaint and close-knit neighborhood. For local shopping, there's a florist, a Walgreens, a CVS and at least three different convenience stores. A Kroger is also located here near rental apartments, making it easy to get groceries each day, as well as a Fresh Thyme Farmers' Market, Gordon Food Service and the Meat Shop, which is an independent local butcher shop. Likewise, there are cafes and restaurants that feature all kinds of food, like Thai, sushi, Mexican and diner options. As such, it's easy for renters to run out for a quick bite to eat very close to their rental apartments. There's also a bit of nightlife in this neighborhood with bars and even a billiard hall to patronize.
There is a total of 2,616 households in Chapel Hill, Indianapolis, IN. Of these, 717 have children and 1,899 are without children. Per Census Bureau’s most current estimates, 1,315 family households and 1,301 non-family households live in this area. The size of a household in Chapel Hill is 1.99 people, on average. The median household annual income in Chapel Hill equals $58,863, and the monthly housing costs equal $1,127.
The Central Indiana Regional Transportation Authority runs the public bus system in Marion County, which goes through the Chapel Hill neighborhood near rental apartments. This makes it convenient for renters to get around town on the "IndyGO" bus system to local shops and restaurants. Plus, there's also a connection to get to downtown Indianapolis for renters who work in the bigger city. And, air travel couldn't be more convenient to the neighborhood of Chapel Hill for renters because the Indianapolis International Airport is attached to the neighborhood to the south - only nine miles away from State Route 36, which runs through the neighborhood. Other major highways that go through this neighborhood include Interstate 465 going north and south, and Interstate 70 in the opposite direction nearby many rental apartments.
According to data from the U.S. Census Bureau, 3% of the population in Chapel Hill, Indianapolis, IN have no high school education, 37% went to high-school, and 24% have partially completed college. Moreover, 11% of the population hold an Associate Degree, 19% hold a Bachelor Degree, and 6% hold a Graduate Degree.
