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.
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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
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62 Results
$1,640–$1,740
1 Bedroom Apartments · Downtown Indianapolis, Indianapolis
$1,190–$4,450
Studio–2 Bedrooms Apartments · Downtown Indianapolis, Indianapolis
$1,025
1 Bedroom Apartment · Downtown Indianapolis, Indianapolis
$1,440–$2,290
Studio–2 Bedrooms Apartments · Downtown Indianapolis, Indianapolis
$665
Studio Apartment · Downtown Indianapolis, Indianapolis
$890–$990
1 Bedroom Apartment · Downtown Indianapolis, Indianapolis
$1,250–$1,325
1 Bedroom Apartments · Downtown Indianapolis, Indianapolis
$1,340
1 Bedroom Apartment · Downtown Indianapolis, Indianapolis
$1,047–$1,145
1 Bedroom Apartment · Downtown Indianapolis, Indianapolis
$1,825
2 Bedrooms Apartment · Downtown Indianapolis, Indianapolis
$2,950
2 Bedrooms · 2 Bathrooms Apartment · Downtown Indianapolis, Indianapolis
5+ Days Ago
$950
1 Bedroom Apartment · Downtown Indianapolis, Indianapolis
$975
1 Bedroom · 1 Bathroom Apartment · Downtown Indianapolis, Indianapolis
5+ Days Ago
$1,000
1 Bedroom · 1 Bathroom Apartment · Downtown Indianapolis, Indianapolis
5+ Days Ago
$2,650
3 Bedrooms · 2 Bathrooms Apartment · Downtown Indianapolis, Indianapolis
5+ Days Ago
$1,600
1 Bedroom · 1 Bathroom Apartment · Downtown Indianapolis, Indianapolis
5+ Days Ago
$1,195
1 Bedroom · 1 Bathroom Apartment · Downtown Indianapolis, Indianapolis
5+ Days Ago
$995
1 Bedroom · 1 Bathroom Apartment · Downtown Indianapolis, Indianapolis
5+ Days Ago
$2,595
2 Bedrooms · 2 Bathrooms Apartment · Downtown Indianapolis, Indianapolis
5+ Days Ago
$6,000
3 Bedrooms · 2 Bathrooms Apartment · Downtown Indianapolis, Indianapolis
5+ Days Ago