Fountain Square, Indianapolis, IN Rental Market Trends
Last updated: May 18, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Fountain Square is $1,621, a 0.63% increase compared to the previous year, when the average rent was $1,610.
One-bedroom apartments provide 717 square feet for $1,514, balancing privacy and affordability.
Average rent in Fountain Square, Indianapolis, IN
Last updated: May 18, 2026
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,621 | 779 sq. ft. |
| Studio | n/a | n/a |
| 1 Bed | $1,514 | 717 sq. ft. |
| 2 Beds | n/a | n/a |
| 3 Beds | n/a | n/a |
Fountain Square, Indianapolis, IN rent trends
Rental prices in Fountain Square, Indianapolis, IN have increased by 0.63% over the past year. The average rent moved from $1,610 to $1,621.
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 $792/month
Carson Heights $955/month
Meadows - Fall Creek $962/month
All of these neighborhoods fall below the city wide average of $1,271/month.Most expensive neighborhoods in Fountain Square?
Clermont Lakes $1,637/month
Sycamore Run $1,677/month
North Meridian $1,873/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 | $1,873 |
| Sycamore Run | $1,677 |
| Clermont Lakes | $1,637 |
| Wholesale District | $1,634 |
| Chatham Arch and Mass Avenue | $1,624 |
| Fountain Square | $1,621 |
| Meridian - Kessler | $1,602 |
| Herron - Morton Place | $1,592 |
| The Canal and White River State Park | $1,581 |
| Fletcher Place | $1,581 |
| St. Joseph | $1,549 |
| North Harrison Park | $1,478 |
| Reagan Park | $1,470 |
| Broad Ripple | $1,459 |
| Keystone at The Crossing | $1,459 |
| College Park | $1,448 |
| Mapleton - Fall Creek | $1,414 |
| Fairgrounds | $1,394 |
| Bayswater - Eagles Watch | $1,388 |
| Valley Mills | $1,348 |
| Castleton | $1,346 |
| Delaware Trails | $1,340 |
| Summerfield Place | $1,329 |
| North Willow | $1,326 |
| Sherman Commons | $1,317 |
| Crooked Creek Heights | $1,298 |
| Castle Ridge | $1,282 |
| Shadow Wood South | $1,273 |
| Parkwood Terrace | $1,264 |
| Marian - Cold Springs | $1,256 |
| Willow Lakes | $1,230 |
| Lake Maxinhall Estates | $1,218 |
| Ivy Hills | $1,212 |
| Allisonville | $1,210 |
| Tempo North | $1,201 |
| Trinity Manor | $1,195 |
| Liberty Creek | $1,189 |
| Speedway Woods | $1,187 |
| Wedgewood | $1,184 |
| Central Nora | $1,183 |
| Eagle Cove | $1,176 |
| Westchester Estates | $1,175 |
| The Highlands | $1,172 |
| Christian Park | $1,168 |
| Mars Hill | $1,161 |
| Sheffield Woods | $1,160 |
| Mount Auburn | $1,145 |
| Winchester Village | $1,140 |
| Park Valley Estates | $1,121 |
| Eagledale | $1,093 |
| Crooked Creek | $1,092 |
| Arlington Woods | $1,091 |
| Eastbrooke Meadows | $1,086 |
| North Perry | $1,083 |
| Devington | $1,079 |
| New Augusta Woods | $1,076 |
| Deer Creek | $1,067 |
| Parc Estates | $1,032 |
| Irvington | $1,016 |
| Arlington Heights | $970 |
| Meadows - Fall Creek | $962 |
| Carson Heights | $955 |
| Crown Hill | $792 |
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Indianapolis | Rent Comparison by Neighborhood
Rent in Fountain Square is 34% higher than in Allisonville
$1,621
Fountain Square rent is the same as Indianapolis average
Average Rent
$1,621
$1,210
Allisonville rent is 25% lower than Indianapolis average
Average Rent
$1,210
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.