Fountain Square, Indianapolis, IN Rental Market Trends
Last updated: April 15, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Fountain Square is $1,608, a 0.34% increase compared to the previous year, when the average rent was $1,603.
Studio Apartments at $1,281 offer the most budget-friendly option with 490 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 717 square feet for $1,506, balancing privacy and affordability.
Two-beedroom units at $1,960 offer 1,052 square feet, perfect for roommates or small families.
Average rent in Fountain Square, Indianapolis, IN
Last updated: April 15, 2026
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,608 | 779 sq. ft. |
| Studio | $1,281 | 490 sq. ft. |
| 1 Bed | $1,506 | 717 sq. ft. |
| 2 Beds | $1,960 | 1,052 sq. ft. |
| 3 Beds | n/a | n/a |
Fountain Square, Indianapolis, IN rent trends
Rental prices in Fountain Square, Indianapolis, IN have increased by 0.34% over the past year. The average rent moved from $1,603 to $1,608.
What's the typical rent budget in Fountain Square, Indianapolis, IN?
The largest share of rentals in Fountain Square, Indianapolis, IN (55%) fall between $1,001-$1,500 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Fountain Square, Indianapolis, IN?
329 or 42% of the households in Fountain Square, Indianapolis, IN are renter-occupied while 450 or 58% are owner-occupied.
Most affordable neighborhoods in Fountain Square?
Crown Hill $803/month
University Heights $895/month
Biltmore Gardens $934/month
All of these neighborhoods fall below the city wide average of $1,252/month.Most expensive neighborhoods in Fountain Square?
Clermont Lakes $1,637/month
Sycamore Run $1,663/month
North Meridian $1,848/month
These neighborhoods typically command higher rents due to location, amenities, and demand.Average Rent in Indianapolis, IN By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| North Meridian | $1,848 |
| Sycamore Run | $1,663 |
| Clermont Lakes | $1,637 |
| Wholesale District | $1,615 |
| Meridian - Kessler | $1,613 |
| Fountain Square | $1,608 |
| Chatham Arch and Mass Avenue | $1,604 |
| Riverside | $1,603 |
| Oxbow Estates | $1,596 |
| Herron - Morton Place | $1,580 |
| Fletcher Place | $1,575 |
| Windcombe | $1,573 |
| The Canal and White River State Park | $1,550 |
| St. Joseph | $1,531 |
| Devonshire | $1,491 |
| Cole Noble | $1,481 |
| North Harrison Park | $1,467 |
| College Park | $1,450 |
| Keystone at The Crossing | $1,441 |
| Greenbrooke | $1,438 |
| Broad Ripple | $1,435 |
| Reagan Park | $1,430 |
| Mapleton - Fall Creek | $1,402 |
| Bayswater - Eagles Watch | $1,367 |
| Fairgrounds | $1,364 |
| Sonesta | $1,362 |
| Southern Springs | $1,358 |
| Chapel Hill | $1,356 |
| Delaware Trails | $1,350 |
| Castleton | $1,336 |
| Valley Mills | $1,332 |
| Summerfield Place | $1,326 |
| Crooked Creek Heights | $1,326 |
| The Park at Buffalo Creek | $1,308 |
| North Willow | $1,300 |
| Shadow Wood South | $1,295 |
| Briarstone Villas | $1,276 |
| Marian - Cold Springs | $1,269 |
| Castle Ridge | $1,268 |
| Parkwood Terrace | $1,250 |
| Fall Creek Manor | $1,229 |
| Willow Lakes | $1,212 |
| Rosewood | $1,209 |
| Lake Maxinhall Estates | $1,206 |
| Ivy Hills | $1,200 |
| Allisonville | $1,200 |
| Tempo North | $1,199 |
| Eagle Cove | $1,192 |
| Sherman Commons | $1,183 |
| Mount Auburn | $1,182 |
| Trinity Manor | $1,181 |
| East Avalon Hills | $1,179 |
| The Highlands | $1,177 |
| Liberty Creek | $1,175 |
| Central Nora | $1,173 |
| Wedgewood | $1,171 |
| Speedway Woods | $1,164 |
| Sheffield Woods | $1,157 |
| Mars Hill | $1,157 |
| Westchester Estates | $1,156 |
| Christian Park | $1,155 |
| I65 - South Emerson | $1,146 |
| The Islands | $1,126 |
| Park Valley Estates | $1,108 |
| Winchester Village | $1,108 |
| Arlington Woods | $1,079 |
| Eagledale | $1,077 |
| Eastbrooke Meadows | $1,074 |
| North Perry | $1,072 |
| Devington | $1,072 |
| Crooked Creek | $1,066 |
| New Augusta Woods | $1,061 |
| Deer Creek | $1,056 |
| West Edgewood | $1,048 |
| Watson's | $1,042 |
| East Gate | $1,040 |
| The Old Northside | $1,036 |
| Irvington | $1,005 |
| Otterbein | $1,000 |
| Parc Estates | $995 |
| Arlington Heights | $959 |
| Carson Heights | $954 |
| Meadows - Fall Creek | $944 |
| Glicks East 38th St | $935 |
| Biltmore Gardens | $934 |
| University Heights | $895 |
| Crown Hill | $803 |
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Indianapolis | Rent Comparison by Neighborhood
Rent in Fountain Square is 34% higher than in Allisonville
$1,608
Fountain Square rent is the same as Indianapolis average
Average Rent
$1,608
$1,200
Allisonville rent is 25% lower than Indianapolis average
Average Rent
$1,200
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Fountain Square apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.