Indianapolis is the thriving capital city of the state of Indiana — as well as the most populated. Nicknamed the Crossroads of America, Indianapolis is the well-known center for several major interstates that connect locals to the rest of the country. This commuter-friendly city is also home to the Indianapolis International Airport, a modern hub for national and international travelers. With an abundance of affordable apartments for rent, the city of Indianapolis has more than enough to offer both its residents and visitors alike.
Residents can enjoy a performance from the Indianapolis Symphony Orchestra at Hilbert Circle Theatre, cheer on the Indianapolis Colts at Lucas Oil Stadium, and peruse the stores in Circle Centre Mall. Locals enjoy admiring the wildlife at the Indianapolis Zoo, exploring the exhibitions at the Indianapolis Museum of Art, and hiking the trails at Eagle Creek Park. From the Children’s Museum of Indianapolis to the Indianapolis Motor Speedway, host to the Indy 500, the world’s largest sporting event, the city of Indianapolis has something for everyone!
The White River flows through Indianapolis
The Circle Monument is a city landmark
Downtown Indianapolis on a sunny afternoon
As of March 2025, the average apartment rent in Indianapolis, IN is $961 for a studio, $1,112 for one bedroom, $1,312 for two bedrooms, and $1,529 for three bedrooms. Apartment rent in Indianapolis has increased by 2.7% in the past year.
The cost of living in Indianapolis, IN is 9.7% lower than the national average. Generally, housing in Indianapolis is 22.1% less expensive than the national average, with rent falling between $961 - $1,529. You can expect to pay 0.6% less for groceries, 4.6% less for utilities, and 4.4% less for transportation.
Experience all Indianapolis offers without breaking the bank. Explore our detailed guide to moving to Indy on a budget.
Somewhat Walkable
out of 100 WalkScore® Rating
You might be able to get out and walk when living in this area. Some errands can be accomplished on foot, but for others you’ll need a car.
Some Transit
out of 100 TransitScore® Rating
You'll likely want a car when living in this area since it has few transit options.
Bikeable
out of 100 BikeScore® Rating
While there’s some bike infrastructure in this area, you’ll still need a car for many errands.
Public
Grades 2-8
300 Students
Public
Grades PK-6
880 Students
Public
Grades K-8
469 Students
Rosa Parks-Edison Elementary School
Public
Grades PK-5
670 Students
William Henry Burkhart Elementary
Public
Grades PK-5
650 Students
Public
Grades 2-8
300 Students
Public
Grades 7-8
1,292 Students
Public
Grades K-8
469 Students
Perry Meridian 6th Grade Academy
Public
Grades 6
620 Students
Public
Grades 7-8
1,711 Students
Public
Grades 9-12
3,319 Students
Public
Grades 9-12
2,350 Students
Ben Davis University High School
Public
Grades 10-12
358 Students
Public
Grades 9-12
3,628 Students
Public
Grades 9-12
2,861 Students
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† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2025.
