Indianapolis Rental Market Overview – Q1 2025

Rentometer, Inc. | Data as of 03/31/2025

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Curious about how much rent goes for in Indianapolis, IN? Whether you’re eyeing a studio in South Perry or managing a 4-bedroom house in Fountain Square, Rentometer has you covered with the latest average rent data across property types and neighborhoods.

This report covers average rent prices for apartments and single-family homes in Indianapolis, broken down by bedroom count and neighborhood. All estimates are powered by Rentometer, the leading source for hyperlocal rental data and comps.

 

Indianapolis Rent by Property Type & Bedroom Count

Property Type	Bedrooms	Avg Rent (Q1 2025)
Apartment	Studio (0)	$1,111
Apartment	1 Bedroom	$1,212
Apartment	2 Bedroom	$1,409
House	2 Bedroom	$1,341
House	3 Bedroom	$1,736
House	4 Bedroom	$2,080

 

Average Apartment Rent by Indianapolis Neighborhood

Neighborhood	Avg Rent (Q1 2025)
South Perry	$1,210
Mass Ave	$1,708
Augusta-New Augusta	$1,148
St. Vincent - Greenbriar	$1,229
Broad Ripple	$1,886
North Meridian	$1,823
Key Meadows	$1,071
I65-South Emerson	$1,098
Millersville	$1,230
Snacks - Guion Creek	$1,059

 

Average House Rent by Indianapolis Neighborhood

Neighborhood	Avg Rent (Q1 2025)
Near Eastside	$1,330
Far East Side	$1,622
Snacks - Guion Creek	$1,935
Chapel Hill - Ben Davis	$1,865
Five Points	$1,796
East Warren	$1,779
Martindale - Brightwood	$1,158
Near Westside	$1,405
Fountain Square	$2,601
Near Southeast	$1,323

 

Explore Rent Estimates for Any Indianapolis Property

Looking for a rent estimate tailored to a specific property? Rentometer offers fast, reliable rental data for every property type across every Indianapolis neighborhood and ZIP code.

Whether you’re pricing a 1-bedroom in Millersville or evaluating a 4-bedroom house in Fountain Square, Rentometer delivers the accurate rental comps and insights you need.

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Data provided by Rentometer, Inc.