Rent Trends for Apartments in Indianapolis

May 2026

Bedroom count	Indianapolis	vs Last Month
Studio	$939	down 6.10%
1 Bedroom	$1,009	No change
2 Bedroom	$1,275	up 2.00%
3 Bedroom	$1,622	up 1.44%
4 Bedroom	$1,985	down 0.50%

Median rent as of May 3, 2026

This May, we've analyzed our 2,075 listings in Indianapolis to determine the rent trend. We're updating our tables in real time to give you the most up to date Indianapolis median apartment rent prices by bedroom count.

The median rent for a studio apartment decreased by 0.42% to $939, while the median rent for a 1 bedroom apartment decreased by 1.56% to $1,009.

Cities Near Indianapolis

Spring Hill Apartments Meridian Hills Apartments Warren Park Apartments Beech Grove Apartments Williams Creek Apartments Speedway Apartments Southport Apartments Carmel Apartments Clermont Apartments Cumberland Apartments

Top Neighborhoods in Indianapolis

Near Eastside Apartments Downtown Indianapolis Apartments Near Northwest - Riverside Apartments Near Northside Apartments Near Southeast Apartments Martindale - Brightwood Apartments South Perry Apartments Mapleton - Fall Creek Apartments

Apartment Types in Indianapolis

Pet Friendly Apartments in Indianapolis Cheap Apartments in Indianapolis Luxury Apartments in Indianapolis Low Income Apartments in Indianapolis Move In Special Apartments in Indianapolis Utilities Included Apartments in Indianapolis No Security Deposit Apartments in Indianapolis Short Term Rentals in Indianapolis

Find Your Dream Apartment for Rent in Indianapolis

PadMapper has 2,075 condos, houses, and apartments for rent in Indianapolis. Specifically, 107 studio apartments, 502 one-bedroom apartments, 547 two-bedroom apartments, 527 three-bedroom apartments are currently available for rent.

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.

Search › Indiana › Indianapolis › Luxury