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Rent Trends for Apartments in Downtown Indianapolis
September 2025
| Bedroom count | Downtown Indianapolis | vs Last Month |
|---|---|---|
| Studio | $1,429 |  down 3.38% |
| 1 Bedroom | $1,616 | down 2.30% |
| 2 Bedroom | $2,343 | down 2.17% |
| 3 Bedroom | $3,064 | down 6.04% |
| 4 Bedroom | $3,956 | No change |
Median rent as of August 31, 2025
This September, we've analyzed our 250 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.
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Find Your Dream Apartment for Rent in Downtown Indianapolis
PadMapper has 250 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
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Must-see
Verified
$1,195–$2,120
Studio–2 Bedrooms Apartments · Martindale - Brightwood, Indianapolis
The Domino 3200 Dr Andrew J Brown Ave is an apartment rental building with 19 floorplans, and studio–2 bedrooms units available. It is located in the Martindale - Brightwood neighborhood of Indianapolis. It has building amenities including elevator, swimming pool, on-site management, controlled access, business center, roof deck, residents lounge, fitness center, and storage. Cats and dogs are allowed, making it a pet-friendly building. View building
Must-see
Verified
$1,070–$2,108
1–2 Bedrooms Apartments · Castleton, Indianapolis
Riverbend Apartments 8850 River Bend Pkwy is an apartment rental building with 17 floorplans, and 1–2 bedrooms units available. It is located in the Castleton neighborhood of Indianapolis. It has building amenities including fitness center, swimming pool, garage parking, residents lounge, business center, on-site management, and outdoor space. Cats and dogs are allowed, making it a pet-friendly building. View building
Must-see
Verified
$1,350–$1,950
1–3 Bedrooms Apartments · Greenfield, IN
Riley Crossing at Gateway Park 6857 Poetry Pl is an apartment rental building with 3 floorplans, and 1–3 bedrooms units available. It is located in Greenfield. It has building amenities including fitness center. Cats and dogs are allowed, making it a pet-friendly building. View building
New Construction
Verified
$1,229–$3,835
Studio–2 Bedrooms Apartments · Downtown Indianapolis, Indianapolis
Industry Indianapolis 421 N Pennsylvania St is an apartment rental building with 37 floorplans, and studio–2 bedrooms units available. It is located in the Downtown Indianapolis neighborhood of Indianapolis. It has building amenities including ev charging, and storage. Cats and dogs are allowed, making it a pet-friendly building. View building
Verified
Online tours$1,086–$1,892
Studio–2 Bedrooms Apartments · Downtown Indianapolis, Indianapolis
Maxwell Apartments 530 E Ohio St is an apartment rental building with 6 floorplans, and studio–2 bedrooms units available. It is located in the Downtown Indianapolis neighborhood of Indianapolis. It has building amenities including elevator, residents lounge, fitness center, garage parking, outdoor space, and storage. Cats and dogs are allowed, making it a pet-friendly building. View building
$1,025–$1,875
Studio–2 Bedrooms Apartments · Downtown Indianapolis, Indianapolis
Mozzo apartments 531 Virginia Ave is an apartment rental building with 6 floorplans, and studio–2 bedrooms units available. It is located in the Downtown Indianapolis neighborhood of Indianapolis. Cats and dogs are allowed, making it a pet-friendly building. View building
Verified
Short stay$1,395–$2,481
Studio–2 Bedrooms Apartments · Downtown Indianapolis, Indianapolis
335 W 9th St 335 W 9th St is an apartment rental building with 17 floorplans, and studio–2 bedrooms units available. It is located in the Downtown Indianapolis neighborhood of Indianapolis. It has building amenities including package service. Cats and dogs are allowed, making it a pet-friendly building. View building
Verified
Short stay$2,430
2 Bedrooms · 2 Bathrooms Apartment · Downtown Indianapolis, Indianapolis
5 Hours Ago
E Market St is a 2 bedroom, 2 bathrooms apartment for rent. It is located in the Downtown Indianapolis neighborhood of Indianapolis. It has apartment amenities including fitness center, swimming pool, garage parking, business center, elevator, and on-site laundry. View apartment
Verified
Short stay$2,170
Studio Apartment · Downtown Indianapolis, Indianapolis
Massachusetts Avenue 530 Massachusetts Ave is an apartment rental building with 1 floorplan, and studio units available. It is located in the Downtown Indianapolis neighborhood of Indianapolis. It has building amenities including swimming pool, and on-site laundry. Cats and dogs are allowed, making it a pet-friendly building. View building
Verified
Short stay$2,150
1 Bedroom Apartment · Downtown Indianapolis, Indianapolis
North College Avenue 747 N College Ave is an apartment rental building with 1 floorplan, and 1 bedroom units available. It is located in the Downtown Indianapolis neighborhood of Indianapolis. It has building amenities including on-site laundry. Cats and dogs are allowed, making it a pet-friendly building. View building
Verified
Short stay$2,340
2 Bedrooms Apartment · Downtown Indianapolis, Indianapolis
East Michigan Street 423 E Michigan St is an apartment rental building with 1 floorplan, and 2 bedrooms units available. It is located in the Downtown Indianapolis neighborhood of Indianapolis. It has building amenities including on-site laundry. View building
Verified
Short stay$5,400
3 Bedrooms · 3 Bathrooms Apartment · Downtown Indianapolis, Indianapolis
5 Hours Ago
Massachusetts Ave is a 3 bedroom, 3 bathrooms apartment for rent. It is located in the Downtown Indianapolis neighborhood of Indianapolis. It has apartment amenities including business center, wheelchair accessible, and on-site laundry. Cats and dogs are allowed, making it a pet-friendly apartment. View apartment
Verified
Short stay$5,990
3 Bedrooms · 3 Bathrooms Apartment · Downtown Indianapolis, Indianapolis
5 Hours Ago
Massachusetts Ave is a 3 bedroom, 3 bathrooms apartment for rent. It is located in the Downtown Indianapolis neighborhood of Indianapolis. It has apartment amenities including business center, roof deck, wheelchair accessible, on-site laundry, and outdoor space. View apartment
Rent special
$1,250–$8,260
Studio–3 Bedrooms Apartments · Downtown Indianapolis, Indianapolis
CityWay 229 S Delaware St is an apartment rental building with 34 floorplans, and studio–3 bedrooms units available. It is located in the Downtown Indianapolis neighborhood of Indianapolis. It has building amenities including ev charging, swimming pool, residents lounge, fitness center, garage parking, and storage. Cats and dogs are allowed, making it a pet-friendly building. View building
$990
1 Bedroom Apartment · Downtown Indianapolis, Indianapolis
Devonshire Apartments in Downtown Indianapolis 412 N Alabama St is an apartment rental building with 1 floorplan, and 1 bedroom units available. It is located in the Downtown Indianapolis neighborhood of Indianapolis. It has building amenities including on-site laundry. Cats and dogs are allowed, making it a pet-friendly building. View building
$2,700
2 Bedrooms · 2 Bathrooms Apartment · Downtown Indianapolis, Indianapolis
2 Hours Ago
727 N Illinois St #101 is a 2 bedroom, 2 bathrooms apartment for rent. It is located in the Downtown Indianapolis neighborhood of Indianapolis. It has apartment amenities including outdoor space, garage parking, and on-site laundry. Cats and dogs are allowed, making it a pet-friendly apartment. View apartment
$1,228–$3,064
Studio–3 Bedrooms Apartments · Downtown Indianapolis, Indianapolis
Circa Apartments 617 N College Ave is an apartment rental building with 21 floorplans, and studio–3 bedrooms units available. It is located in the Downtown Indianapolis neighborhood of Indianapolis. It has building amenities including fitness center, package service, swimming pool, garage parking, residents lounge, business center, and outdoor space. Cats and dogs are allowed, making it a pet-friendly building. View building
$2,100
2 Bedrooms · 2 Bathrooms Apartment · Downtown Indianapolis, Indianapolis
11 Hours Ago
472 S Pine St is a 2 bedroom, 2 bathrooms apartment for rent. It is located in the Downtown Indianapolis neighborhood of Indianapolis. It has apartment amenities including garage parking, and storage. View apartment
Online tours
$1,025–$1,249
1–2 Bedrooms Apartments · Downtown Indianapolis, Indianapolis
550 Fletcher Ave 550 Fletcher Ave is an apartment rental building with 2 floorplans, and 1–2 bedrooms units available. It is located in the Downtown Indianapolis neighborhood of Indianapolis. View building
$1,319–$2,216
1–2 Bedrooms Apartments · Downtown Indianapolis, Indianapolis
Penn Street Tower Apartments 115 N Pennsylvania St is an apartment rental building with 3 floorplans, and 1–2 bedrooms units available. It is located in the Downtown Indianapolis neighborhood of Indianapolis. Cats and dogs are allowed, making it a pet-friendly building. View building
$938–$1,145
1 Bedroom Apartment · Downtown Indianapolis, Indianapolis
The Seminole Apartments a 55 and over community 920 N Alabama St is an apartment rental building with 1 floorplan, and 1 bedroom units available. It is located in the Downtown Indianapolis neighborhood of Indianapolis. View building
Short stay
$1,190–$4,450
Studio–2 Bedrooms Apartments · Downtown Indianapolis, Indianapolis
Penrose on Mass 530 Massachusetts Ave is an apartment rental building with 35 floorplans, and studio–2 bedrooms units available. It is located in the Downtown Indianapolis neighborhood of Indianapolis. It has building amenities including garage parking. Cats and dogs are allowed, making it a pet-friendly building. View building
$1,390–$2,390
Studio–1 Bedroom Apartments · Downtown Indianapolis, Indianapolis
Ardmore Apartments 231 N Pennsylvania St is an apartment rental building with 9 floorplans, and studio–1 bedroom units available. It is located in the Downtown Indianapolis neighborhood of Indianapolis. It has building amenities including package service, garage parking, residents lounge, ev charging, and storage. Cats and dogs are allowed, making it a pet-friendly building. View building