Rent Trends for Apartments in Downtown Indianapolis
May 2026
| Bedroom count | Downtown Indianapolis | vs Last Month |
|---|---|---|
| Studio | $1,490 |  down 3.87% |
| 1 Bedroom | $1,603 | down 3.49% |
| 2 Bedroom | $2,265 | down 1.05% |
| 3 Bedroom | $4,330 |  up 19.02% |
| 4 Bedroom | $3,916 | No change |
Median rent as of May 3, 2026
This May, we've analyzed our 164 listings in Downtown Indianapolis to determine the rent trend. We're updating our tables in real time to give you the most up to date Downtown Indianapolis median apartment rent prices by bedroom count.
The median rent for a studio apartment increased by 2.05% to $1,490, while the median rent for a 1 bedroom apartment increased by 2.10% to $1,603.
Neighborhoods Near Downtown Indianapolis
Apartment Types in Indianapolis
Pet Friendly Apartments in IndianapolisCheap Apartments in IndianapolisLuxury Apartments in IndianapolisLow Income Apartments in IndianapolisMove In Special Apartments in IndianapolisUtilities Included Apartments in IndianapolisNo Security Deposit Apartments in IndianapolisShort Term Rentals in Indianapolis
Find Your Dream Apartment for Rent in Downtown Indianapolis
PadMapper has 164 condos, houses, and apartments for rent in Downtown Indianapolis.
We have options to filter by price, bedroom count, bathroom count, long-term or short-term, housing type, pet friendly, no broker fee, and you can search for an apartment by custom keywords.
Downtown Indianapolis, Indianapolis Apartments for Rent
Rent
Length
Bedrooms
Save
62 Results
Must-see$995–$2,120
Studio–2 Bedrooms Apartments · Martindale - Brightwood, Indianapolis
$1,023–$1,815
Studio–2 Bedrooms Apartments · Downtown Indianapolis, Indianapolis
$1,725–$2,659
Studio–2 Bedrooms Apartments · Downtown Indianapolis, Indianapolis
$5,490
4 Bedrooms Apartment · Downtown Indianapolis, Indianapolis
$2,013–$3,308
Studio–2 Bedrooms Apartments · Downtown Indianapolis, Indianapolis
$1,265
1 Bedroom · 1 Bathroom Apartment · Downtown Indianapolis, Indianapolis
4 Days Ago
$3,700
3 Bedrooms · 3 Bathrooms Apartment · Downtown Indianapolis, Indianapolis
5+ Days Ago
$1,295–$6,156
1–3 Bedrooms Apartments · Downtown Indianapolis, Indianapolis
$1,507–$1,840
2 Bedrooms Apartments · Downtown Indianapolis, Indianapolis
$1,575–$1,750
1–2 Bedrooms Apartments · Downtown Indianapolis, Indianapolis
$1,219–$2,583
1–2 Bedrooms Apartments · Downtown Indianapolis, Indianapolis
$1,475–$1,550
1 Bedroom Apartments · Downtown Indianapolis, Indianapolis
$1,249
2 Bedrooms Apartment · Downtown Indianapolis, Indianapolis
$1,249–$2,312
1–2 Bedrooms Apartments · Downtown Indianapolis, Indianapolis
$1,390–$2,590
Studio–1 Bedroom Apartments · Downtown Indianapolis, Indianapolis
$1,095
1 Bedroom · 1 Bathroom Apartment · Downtown Indianapolis, Indianapolis
1 Day Ago
$1,100
1 Bedroom · 1 Bathroom Apartment · Downtown Indianapolis, Indianapolis
1 Day Ago
$1,249
Studio Apartment · Downtown Indianapolis, Indianapolis
$2,650
2 Bedrooms · 2 Bathrooms Apartment · Downtown Indianapolis, Indianapolis
2 Days Ago
$1,265–$2,349
Studio–2 Bedrooms Apartments · Downtown Indianapolis, Indianapolis
$1,274–$2,848
Studio–3 Bedrooms Apartments · Downtown Indianapolis, Indianapolis