$1,227
Average Rent
$1,100
Median Rent
+4.8%
Year-over-Year Growth
6.8%
Vacancy Rate
About Indianapolis, IN
Indy offers a high quality of life with one of the most affordable housing markets for a city its size.
Popular Neighborhoods in Indianapolis
Mass Ave
$1,700/moThe cultural heart of downtown with great walkability.
Broad Ripple
$1,400/moHip, artistic neighborhood with a lively nightlife.
Carmel
$1,650/moTop-rated suburb known for its high-end residential life.
Indianapolis Rental Market Insights
Downtown Indy is seeing a revitalisation of old warehouse districts.
Major logistics and distribution hub, supporting steady employment.
High rental yield attracts institutional and individual investors.
Frequently Asked Questions
Is Indy affordable?
Yes, it remains one of the most affordable major metros.