January 20, 2021
Tagged in: City Highlights

The current pandemic is having an impact on rent prices in major cities and neighborhoods around the U.S.  In an effort to quantify the impact, we’re focusing attention on some of the major cities and neighborhoods in the U.S.   We will be presenting our findings in a series of “QuickView” reports.

The subject of this week’s QuickView is a snapshot of average rents in Indianapolis, IN.  Based upon our analysis, the year over year rents in Indianapolis is increasing from last year.

In our standard City analysis, we use a 6-month “LookBack” to establish a baseline average rent.  The 6-month LookBack analyzes the rent data from the last 6-months and for this analysis, the rent data included would be from Jul 1 – Jan 1. 

The results from the 6-month LookBack analysis are presented in the table below:

City: Indianapolis, IN (average rent)

6-month LookBack

Floorplan

1/1/21

1/1/20

ch$

ch%

1BR

$849

$808

$41

5.1%

2BR

$1,021

$961

$60

6.2%

3BR

$1,201

$1,091

$110

10.1%


As the table shows, 1BR and 2BR units increased by 5.1% and 6.2%; and, 3BR units increased by 10.1%.  Overall, the Indianapolis market has been negatively impacted, especially when compared to other major cities.

You can try Rentometer Pro for a 7-day Free Trial (no cc req’d) by visiting: www.rentometer.com/pricing.

 

Indianapolis Indiana  1-Bedroom Rents: January 2021

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Indianapolis Indiana  2-Bedroom Rents: January 2021

 

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Indianapolis Indiana  3-Bedroom Rents: January 2021

 

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This article was written by the Rentometer Content Team. The Rentometer Blog features fresh takes and insights on rental housing topics, services, and technology. If you liked this article, subscribe to Rentometer’s email newsletter to stay up-to-date on the latest trends in rental housing.