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Apartments for Rent in Downtown Indianapolis, Indianapolis, IN

277 Rentals Available
Apartments for Rent in Downtown Indianapolis, Indianapolis, IN. 277 Rentals Available
  • a living room with a couch and a table
    Today

    531 Virginia Ave, Indianapolis, IN 46203
    1 BED $1,274+
    2 BEDS $1,681
  • a living room with couches chairs and a table
    Today

    39 E 9Th Street, Indianapolis, IN 46204
    1 BED $1,022+
  • a living room with a white couch and a television
    Today

    459 Massachusetts Avenue, Indianapolis, IN 46204
    1 BED $1,267+
    2 BEDS $1,429+
  • a living room with a white couch and a view of the city
    Today

    220 N. Meridian St., Indianapolis, IN 46204
    STUDIO $1,620+
    1 BED $1,960+
    2 BEDS $2,535+
  • a living room with a couch and chairs and a table
    Today

    902 N. Pennsylvania Street, Indianapolis, IN 46204
    1 BED $1,435+
    2 BEDS $1,409+
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  • a living room with a couch and a table
    Today

    229 S. Delaware St., Indianapolis, IN 46204
    1 BED $1,225+
    2 BEDS $1,760+
    3 BEDS $2,655+
  • a living room with a couch and a chair and a tv
    Today

    718 E Georgia Street, Indianapolis, IN 46202
    STUDIO Ask for pricing
    1 BED $1,324+
    2 BEDS $2,076+
  • a living room with couches and a table and windows
    Today

    632 Dr. Martin Luther King Jr., Indianapolis, IN 46202
    STUDIO $1,176
    1 BED $1,450
    2 BEDS $1,770+
  • the preserve at ballantyne commons apartment kitchen with stainless steel appliances
    Today

    615 N. East Street, Indianapolis, IN 46202
    1 BED $1,035+
  • a rendering of a new building on the corner of a parking lot
    Today

    748 Bates Street, Indianapolis, IN 46202
    STUDIO $1,250+
    1 BED $1,531
    2 BEDS $2,121+
  • a kitchen with stainless steel appliances and wooden cabinets
    Today

    26 West Washington Street, Indianapolis, IN 46204
    1 BED $1,315+
  • Interactive banner rent
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  • kitchen in apartment
    Today

    747 N College Ave, Indianapolis, IN 46202
    STUDIO $1,753+
    1 BED Ask for pricing
    2 BEDS Ask for pricing
  • a small kitchen with white cabinets and stainless steel appliances
    Today

    412 N. Alabama St., Indianapolis, IN 46204
    1 BED $1,000+
  • a living room and kitchen with a couch and a table
    Today

    307 N Pennsylvania St, Indianapolis, IN 46204
    STUDIO $1,260+
    1 BED $1,509+
    2 BEDS $2,200+
  • a living room with couches and chairs and a desk
    Today

    737 Lockefield Lane, Indianapolis, IN 46202
    1 BED $979
    2 BEDS $1,243
  • a living room with chairs and a round ottoman
    Today

    255 S. Mccrea Street, Indianapolis, IN 46225
    STUDIO $1,480+
    1 BED $1,355+
    2 BEDS $1,865+
  • a large lobby with chairs and a tv
    Today

    421 North Pennsylvania Street, Indianapolis, IN 46204
    STUDIO $1,441
    1 BED $1,495
    2 BEDS $1,852
  • Interactive banner bedroom
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  • a living room with a couch and a table
    Today

    30 East Georgia St. Ste. C, Indianapolis, IN 46204
    STUDIO $1,215+
    1 BED $1,210+
    2 BEDS $1,515+
  • a living room with a white couch and a fireplace
    Today

    434 Canal Ct S Dr, Indianapolis, IN 46202
    1 BED $1,239+
    2 BEDS $1,458+
  • a living room with a couch and a television
    Today

    923 N Meridian St, Indianapolis, IN 46204
    STUDIO $1,125+
    1 BED $1,355+
    2 BEDS $1,719+
  • a house with the words images coming soon on top of it
    Today

    Vinebrook IND Leads Template, INDIANAPOLIS, IN 11111
  • a kitchen with wooden floors and a white stove
    Today

    1001-1015 North Delaware Street, Indianapolis, IN 46202
    1 BED $850+
    2 BEDS $1,050

  • More Rentals Near Downtown Indianapolis, Indianapolis, IN

  • a rendering of an apartment building on a city street
    Today

    Passage, Indianapolis, IN 46202
    1 BED $514
    2 BEDS $849+
    3 BEDS $1,027
  • 659 Birch Avenue 3 Beds Apartment for Rent
    Today

    659 Birch Avenue, Indianapolis, IN 46221
    3 BEDS $750
  • a living room with a blue couch and pictures of dogs on the wall
    Today

    931 Fletcher Avenue, Indianapolis, IN 46203
    STUDIO Ask for pricing
    1 BED $1,692+
    2 BEDS $1,944+
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Downtown Indianapolis, Indianapolis, IN rent trends

Rental prices in Downtown Indianapolis, Indianapolis, IN have increased by 0.72% over the past year. The average rent moved from $1,603 to $1,614.

Check out the average rent in Indianapolis.

The national average price of rental apartments is $1,740, while the average monthly rent in Downtown Indianapolis, Indianapolis, IN is $1,614.

Average rent in Downtown Indianapolis, Indianapolis, IN

$1,614/mo Downtown Indianapolis, Indianapolis, IN average rental price, February 2026
Image Average Rent

The average monthly rent for an apartment in Downtown Indianapolis, Indianapolis, IN is around $1,614.

    What's the typical rent budget in Downtown Indianapolis, Indianapolis, IN?

    A share of 2% of apartments in Downtown Indianapolis, Indianapolis, IN have the cheapest rents between ≤ $1000. Around 9% of rentals are $2,001-$2,500. Around 47% of Downtown Indianapolis's apartments have monthly rents between $1,001-$1,500. There are 36% of apartments with rents between $1,501-$2,000. A share of 3% of apartment rentals in Indianapolis are in the $2,501-$3,000 range. Meanwhile, 2% of apartment rentals in Indianapolis are in the > $3,000 range.

    The largest share of rentals in Downtown Indianapolis, Indianapolis, IN (47%) fall between $1,001-$1,500 per month. This suggests that most people succesfully find suitable apartments within this price.

    Getting around in Downtown Indianapolis, IN

    83 /100
    Very Walkable
    67 /100
    Good Transit
    99 /100
    Biker's Paradise
    Walk Score®: 83, Transit Score®: 67, Bike Score®: 99

    Frequently asked questions

    When were prices and availability in Downtown Indianapolis, Indianapolis, IN last updated?

    Prices and availability in Downtown Indianapolis, Indianapolis, IN were last updated on 12 Apr 2026.

    What are the best apartments in Downtown Indianapolis, Indianapolis, IN?

    The best apartments in Downtown Indianapolis, Indianapolis, IN are: Mozzo Apartments, The Ambassador at Library Square, Lockerbie Court on Mass Ave, 220 Meridian and The Plaza at Library Square.

    What is the average rent in Downtown Indianapolis, Indianapolis, IN?

    The average rent in Downtown Indianapolis, Indianapolis, IN is $1,523.

    What is the price range for a studio apartment in Downtown Indianapolis, Indianapolis, IN?

    The price range for a studio apartment in Downtown Indianapolis, Indianapolis, IN is between $1,120 and $4,275.

    What is the price range for a 1-bedroom apartment in Downtown Indianapolis, Indianapolis, IN?

    The price range for a 1-bedroom apartment in Downtown Indianapolis, Indianapolis, IN is between $850 and $4,275.

    What is the price range for a 2-bedroom apartment in Downtown Indianapolis, Indianapolis, IN?

    The price range for a 2-bedroom apartment in Downtown Indianapolis, Indianapolis, IN is between $979 and $5,557.

    What is the price range for a 3-bedroom apartment in Downtown Indianapolis, Indianapolis, IN?

    The price range for a 3-bedroom apartment in Downtown Indianapolis, Indianapolis, IN is between $1,450 and $5,783.

    What type of rental buildings are in Downtown Indianapolis, Indianapolis, IN?

    In Downtown Indianapolis 79% of the housing is rented out compared to 21% of homes are owned, according to the most recent Census Bureau estimates. 63% of Downtown Indianapolis's apartments are found in large buildings of 50 units or more, 34% are located in smaller apartment complexes with less than 50 units, and 3% are single-family rentals.

    Living in Downtown Indianapolis, Indianapolis, IN

    Otherwise known as "downtown Indy" or "Mile Square," downtown Indianapolis is, by far, the most beautiful and well-maintained part of the city with so much more to do than anywhere else. Recently revitalized, downtown Indianapolis primarily attracts college-educated renters and, as the tourism industry grows, so does the neighborhood's incorporation of new streets and associated businesses. As such, the rentals in downtown Indianapolis offer a high quality of life that is active, but not overwhelming. Generally, the apartments and houses for rent in downtown Indianapolis are safer and more family-friendly than, for example, Far East Side Indianapolis and most surrounding neighborhoods. Plus, new subdivisions are added to meet an increased demand for multifamily houses for rent and apartment rentals. Additionally, downtown Indianapolis renters are served by Riley Hospital, while local schools include Simon Youth Academy and Safe Haven Kindergarten.

    Renting in Downtown Indianapolis, Indianapolis, IN

    There are a wide variety of apartment rentals in downtown Indianapolis. Some rentals are renovated office buildings, while others are newly constructed apartment and townhouse buildings (especially on Massachusetts Avenue). Meanwhile, apartments on the south side of downtown are close to the many shops and restaurants on South Street and Delaware Street, while 360 Market Square apartments on the east side of downtown have a Whole Foods Market on the first floor. Furthermore, all rentals in downtown Indianapolis are guaranteed to be in an area that's highly walkable, and almost everything renters need is just five to 10 minutes away. Notably, renters often take the Indy Cultural Trail, an eight-mile, paved path connecting downtown Indianapolis subdivisions. Or, museums like the NCAA Hall of Champions; live entertainment at venues like Old National Centre and Indianapolis Arts Garden; and the Indianapolis Motor Speedway are just some of the nearby attractions when renting in downtown Indianapolis.

    Things for renting

    Downtown Indianapolis, Indianapolis, IN demographics

    • 18,479Total Population
    • 8,025 Female
      10,454 Male
    • 30.8Median Age

    In total, Downtown Indianapolis, Indianapolis, IN has 18,479 residents, 8,025 women and 10,454 men, per U.S. Census recent estimates. Statistics show that the median age of Downtown Indianapolis’s population is 30.8.

    Amenities in Downtown Indianapolis, Indianapolis, IN

    A favorite shopping destination when renting in downtown Indianapolis on West Maryland Street is the four-story Circle Centre Mall, which has a nine-screen movie theater. Apartment rentals are also near CVS; Walgreens; department stores like Anchor, Rink's Women's Apparel Store and T.J.Maxx; and boutiques like Collector's Den, Queen Bee Vintage, The Stamp Shop and Vintage Vogue by GW. Or, for large grocery stores, downtown Indianapolis renters have Kroger and Whole Foods. Other grocery stores are Needler's Fresh Market, Loaf + Vine Market, Skymart One, City Dogs Grocery and Market Street Produce. Otherwise, for the best restaurants in downtown Indianapolis, renters go to Harry and Izzy's; Clancy's; The Eagle; Liberty Street; Ralph's Great Divide; and Italian cuisine at Mimi Blue; X Chatterbox; Ball & Biscuit; and Hard Truth Hills.

    Downtown Indianapolis, Indianapolis, IN households

    • 2,097 Family
      7,992 Non-family
    • 521 Children
      9,568 No Children
    • 10,089Total Number of Households
    • 1.65Average People Per Household
    • $63,506Median Household Income

    There is a total of 10,089 households in Downtown Indianapolis, Indianapolis, IN. Of these, 521 have children and 9,568 are without children. Per Census Bureau’s most current estimates, 2,097 family households and 7,992 non-family households live in this area. The size of a household in Downtown Indianapolis is 1.65 people, on average. The median household annual income in Downtown Indianapolis equals $63,506, and the monthly housing costs equal $1,357.

    Transportation in Downtown Indianapolis, Indianapolis, IN

    The apartments and houses for rent in downtown Indianapolis are next to interstates 65 and 70, which provide easy access throughout the Midwest. However, owning a car is not necessary when renting in Downtown Indianapolis. Alternatively, public transportation from IndyGo provides renters with 31 bus routes across Marion County. Namely, Bus Route 8 takes renters from downtown Indianapolis to Indianapolis Airport via I-70. The Red Line takes renters from Broad Ripple (six miles north of downtown Indianapolis) to the University of Indianapolis and also stops at Broad Ripple Farmers Market, Indiana State Fairgrounds, the Children's Museum of Indianapolis and Harrison Center for the Arts. Or, the Pacers Bike Share program has multiple bike stations to rent and return a bike throughout downtown Indianapolis. Finally, Uber and Lyft are the main ridesharing apps when renting in downtown Indianapolis.

    Downtown Indianapolis, Indianapolis, IN education statistics

    According to data from the U.S. Census Bureau, 2% of the population in Downtown Indianapolis, Indianapolis, IN have no high school education, 22% went to high-school, and 14% have partially completed college. Moreover, 3% of the population hold an Associate Degree, 37% hold a Bachelor Degree, and 21% hold a Graduate Degree.

    RentCafe is your one-stop shop for finding a great new apartment in Downtown Indianapolis, Indianapolis, IN. Easily search through a wide selection of apartments for rent in Downtown Indianapolis, Indianapolis, IN, and view detailed information about available rentals including floor plans, pricing, photos, amenities, interactive maps, and thorough property descriptions. Property owners and managers are one click away, so feel free to contact them and find out all you need to know about the apartment you're interested in. Browse Downtown Indianapolis, Indianapolis, IN apartments with rents starting from $514 and submit your rental application today!

    Finding a home nearby is easier than you think. Check out our Apartments Near Me page and take your pick!