Apartments for Rent in Indianapolis, IN

Prices and availability in Indianapolis, IN were last updated on 21 May 2026.

The best apartments in Indianapolis, IN are: 7 Pointe Apartments, CityView on Meridian, Monon Court, Managed by Buckingham Monon Living, Carlyle Court and Meridian Court South.

The average rent in Indianapolis, IN is $1,195.

The price range for a studio apartment in Indianapolis, IN is between $545 and $4,275.

The price range for a 1-bedroom apartment in Indianapolis, IN is between $545 and $5,954.

The price range for a 2-bedroom apartment in Indianapolis, IN is between $534 and $5,557.

The price range for a 3-bedroom apartment in Indianapolis, IN is between $598 and $5,783.

In Indianapolis, 44% of the residents are renting compared to 56% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 12% of Indianapolis's rentals, 62% are small-scale complexes with under 50 units, and 25% are single-family rentals.

The average age of rental buildings in Indianapolis is 41 years old, with 20% being newer apartment buildings completed since 2000. The average height of apartment buildings in the city is 3 stories, of which 95% are garden-style apartment communities, 7% are mid-sized buildings, and 2% are high-rises. These characteristics describe large-scale apartment communities of 50 apartments or more.

Rental apartments in Indianapolis come in a range of sizes and floorplans. Studio apartments represent 3% of units for rent, ideal for singles, renters on a budget and people who value central locations more than space. Rentals with 1-bedroom floorplans make up 41% of the total apartments in the city, while 2-bedroom floorplans represent around 46% of all rentals in Indianapolis. The rest are larger floorplans with 3 bedrooms or more, typically preferred by families, larger households or roommates sharing space.