Indianapolis, IN rental market

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Last updated August 16, 2025

Rental market summary

The average rent for all bedrooms and all property types in Indianapolis, IN is $1,525.

Average rent

$1,525

Month-over-month change

+$15

Year-over-year change

+$25

Available rentals

2,444

Source: Zillow Rentals data

Rental price range

The price range for all bedrooms and all property types is $330 to $10,500.

Rent frequencies
Rent priceNumber of rental properties
$04
$5009
$60045
$70088
$800154
$900173
$1,000143
$1,100177
$1,200227
$1,300207
$1,400187
$1,500206
$1,600186
$1,700225
$1,800189
$1,900169
$2,00096
$2,100100
$2,20083
$2,30049
$2,40055
$2,50052
$2,60031
$2,70024
$2,80018
$2,90024
$3,00017
$3,10012
$3,20012
$3,3003
$3,40010
$3,50011
$3,6002
$3,7004
$3,8005
$3,9005
$4,0003
$4,2002
$4,3002
$4,4003
$4,5001
$4,6003
$4,7001
$4,8001
$4,9002
$5,000+17

Average rent price over time

In the last year, rent has increased by $25 compared to the previous year.

Average rent price over time
Last year (2024)This year (2025)
Jan$1,325$1,400
Feb$1,350$1,400
Mar$1,375$1,450
Apr$1,390$1,499
May$1,420$1,506
Jun$1,420$1,533
Jul$1,500$1,549
Aug$1,500$1,507
Sep$1,500No data
Oct$1,479No data
Nov$1,450No data
Dec$1,450No data

Market temperature

The Indianapolis, IN rental market temperature is COOL. Market temperature is based on changes in renter demand compared to the national average. For example, a hot market has increasing demand.

cool

Temperature is based on all bedrooms and all property types.

Compare average rent in markets

Rent in Indianapolis, IN is 27% lower than the national average.

Indianapolis, INvs.

$1,525

$2,100

Rent in Indianapolis, IN

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Frequently asked questions

1. What is the average rent in Indianapolis, IN?

The average rent in Indianapolis, IN is $1,525.

2. How much does it cost to rent a house in Indianapolis, IN?

Houses in Indianapolis, IN rent between $330 - $10,500 with an average rent of $1,525.

3. How has the rent in Indianapolis, IN changed in the last year?

In the last year, the rent in Indianapolis, IN increased by $25

4. How much has the rent in Indianapolis, IN increased/decreased in the last month?

In the last month, the rent in Indianapolis, IN increased by $15

5. How many available rentals are there in Indianapolis, IN?

There are currently 2,444 rentals available in Indianapolis, IN.

6. How do rent prices in Indianapolis, IN compare with the national average?

The average rent in Indianapolis, IN is $1,525 — 27.38% lower the national average of $2,100.