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Luxury Apartments for Rent in Downtown Indianapolis, Indianapolis, IN

233 Rentals Available
Luxury Apartments for Rent in Downtown Indianapolis, Indianapolis, IN. 233 Rentals Available
  • 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 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 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 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 television
    Today

    923 N Meridian St, Indianapolis, IN 46204
    STUDIO $1,125+
    1 BED $1,355+
    2 BEDS $1,719+
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  • 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 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+
  • 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 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 television
    Today

    459 Massachusetts Avenue, Indianapolis, IN 46204
    1 BED $1,267+
    2 BEDS $1,429+
  • a living room with a couch and a table
    Today

    531 Virginia Ave, Indianapolis, IN 46203
    1 BED $1,274+
    2 BEDS $1,681
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  • 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+
  • a kitchen with stainless steel appliances and wooden cabinets
    Today

    26 West Washington Street, Indianapolis, IN 46204
    1 BED $1,315+
  • 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+
  • the preserve at ballantyne commons apartment kitchen with stainless steel appliances
    Today

    615 N. East Street, Indianapolis, IN 46202
    1 BED $1,035+
  • 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+

  • More Rentals Near Downtown Indianapolis, Indianapolis, IN

  • 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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  • a living room with couches and chairs and a table
    Today

    1233 Shelby St, Indianapolis, IN 46203
    1 BED $1,646+
    2 BEDS $2,319+
  • a living room with a kitchen and a couch and a table
    Today

    1224 Prospect Street, Indianapolis, IN 46203
    STUDIO $1,359+
    1 BED $1,469+
    2 BEDS $1,799+
  • a living room with a couch and a table
    Today

    2205 N Delaware Street, Indianapolis, IN 46205
    STUDIO $1,015+
    1 BED $1,300
    2 BEDS $1,690+
  • a blue house with two yellow doors
    Today

    2610 Winthrop Avenue, Indianapolis, IN 46205
    3 BEDS $1,300
    4 BEDS $1,600
  • a living room with a couch and a table
    Today

    2638 Cold Spring Manor Dr, Indianapolis, IN 46222
    1 BED $971+
    2 BEDS $916+
    3 BEDS Ask for Pricing
  • a rendering of an apartment building with cars parked in a parking lot
    Today

    Bluff Crossing Apartments, Indianapolis, IN 46217
    1 BED $1,200
    2 BEDS $1,425
  • a living room with a couch and a coffee table
    Today

    3801 N. Meridian St, Indianapolis, IN 46208
    1 BED $1,090+
    2 BEDS Ask for Pricing
    3 BEDS $1,842+
  • a dining room with a table and chairs and a kitchen
    Today

    4560 Ocean Street, Indianapolis, IN 46205
    1 BED $1,390
    2 BEDS $1,995
16-9-nhood
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Downtown Indianapolis, Indianapolis, IN rent trends

Rental prices in Downtown Indianapolis, Indianapolis, IN have increased by 0.11% over the past year. The average rent moved from $1,601 to $1,603.

Check out the average rent in Indianapolis.

The national average price of rental apartments is $1,741, while the average monthly rent in Downtown Indianapolis, Indianapolis, IN is $1,603.

Average rent in Downtown Indianapolis, Indianapolis, IN

$1,603/mo Downtown Indianapolis, Indianapolis, IN average rental price, January 2026
Image Average Rent

The average monthly rent for an apartment in Downtown Indianapolis, Indianapolis, IN is around $1,603.

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

    A share of 3% of apartments in Downtown Indianapolis, Indianapolis, IN have the cheapest rents between ≤ $1000. Around 9% of rentals are $2,001-$2,500. Around 48% of Downtown Indianapolis's apartments have monthly rents between $1,001-$1,500. There are 35% of apartments with rents between $1,501-$2,000. A share of 2% of apartment rentals in Indianapolis are in the $2,501-$3,000 range. Meanwhile, 3% of apartment rentals in Indianapolis are in the > $3,000 range.

    The largest share of rentals in Downtown Indianapolis, Indianapolis, IN (48%) 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

    What is the price of a luxury apartment in Downtown Indianapolis, Indianapolis, IN?

    The price range for a luxury apartment in Downtown Indianapolis, Indianapolis, IN is between $1,030 and $5,557.

    How many luxury rentals are available in Downtown Indianapolis, Indianapolis, IN on RentCafe?

    There are 51 luxury rentals available on RentCafe. Prices and availability in Downtown Indianapolis, Indianapolis, IN were last updated on 26 Feb 2026.

    What is the average size of a luxury apartment in Downtown Indianapolis, Indianapolis, IN?

    The average Downtown Indianapolis, Indianapolis, IN luxury apartment size is 1,020 sq. ft.

    What are the advantages of renting a luxury apartment in Downtown Indianapolis, Indianapolis, IN?

    Renting a luxury apartment in Downtown Indianapolis, Indianapolis, IN comes with many amenities, more space and central locations.

    What are the downsides of renting a luxury apartment in Downtown Indianapolis, Indianapolis, IN?

    Luxury apartments tend to be more expensive and have higher utility bills.

    Downtown Indianapolis, Indianapolis, IN demographics

    • 18,036Total Population
    • 7,961 Female
      10,075 Male
    • 31Median Age

    In total, Downtown Indianapolis, Indianapolis, IN has 18,036 residents, 7,961 women and 10,075 men, per U.S. Census recent estimates. Statistics show that the median age of Downtown Indianapolis’s population is 31.

    Downtown Indianapolis, Indianapolis, IN households

    • 1,993 Family
      7,400 Non-family
    • 509 Children
      8,884 No Children
    • 9,393Total Number of Households
    • 1.14Average People Per Household
    • $61,082Median Household Income

    There is a total of 9,393 households in Downtown Indianapolis, Indianapolis, IN. Of these, 509 have children and 8,884 are without children. Per Census Bureau’s most current estimates, 1,993 family households and 7,400 non-family households live in this area. The size of a household in Downtown Indianapolis is 1.14 people, on average. The median household annual income in Downtown Indianapolis equals $61,082, and the monthly housing costs equal $1,320.

    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, 25% went to high-school, and 14% have partially completed college. Moreover, 3% of the population hold an Associate Degree, 35% hold a Bachelor Degree, and 20% hold a Graduate Degree.

    Renting a luxury apartment in Downtown Indianapolis, Indianapolis, IN

    If you love living like a king or a queen, you might be interested in uniquely furnished, modern apartments. Nothing says elegance like a professionally-designed interior down to the smallest detail. Now you have the best 233 apartments in Downtown Indianapolis, Indianapolis, IN to choose from, located in 25 upscale buildings. The average size of this type of apartment in Downtown Indianapolis, Indianapolis, IN is around 1,104 Sqft, but if you’re in need of more space, apartment complexes also have large apartments for rent. Luxury townhomes are also a great option for families, especially those located in family-friendly communities, close to schools, preschools and parks. The best apartments on the market in Downtown Indianapolis, Indianapolis, IN are up for grabs right now, so don’t miss the chance to level up your lifestyle!

    High rise apartments do come cheap

    We can all agree that high-level amenities give us a sense of accomplishment and a certain feeling of comfort. Well, on the bright side, luxury is now accessible to both multi-millionaires and people with regular incomes. Cheap luxury apartments are not just an illusion - the land of milk and honey is closer than it’s ever been, with prices starting at $916. There are no less than 233 luxury studio apartments in Downtown Indianapolis, Indianapolis, IN right now waiting to become your future home.

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