Speedway

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Speedway, IN

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A local treasure with an international reputation

Suburban Close-Knit Welcoming Vibrant Diverse Convenient Commuter Affordable Family-Friendly

Situated about five miles northwest of Indianapolis, Speedway is the proud home of the famous Indianapolis Motor Speedway—the Racing Capital of the World. Speedway also boasts a welcoming community, small-town spirit, and one of the highest rated public school districts in the state.

Speedway contains a vibrant Main Street, teeming with restaurants, shops, family-friendly entertainment, and more within a short walk from “the track.” A broad range of parades, festivals, and special events foster a sense of community and civic pride in Speedway.

Big-city amenities are within close proximity to Speedway as well, including the Indianapolis Zoo, Indiana State Museum, and Lucas Oil Stadium. Access to several major highways like I-465, I-74, and I-70 as well as Indianapolis International Airport makes commuting and traveling from Speedway easy.

Rent Trends

As of March 2025, the average apartment rent in Speedway, IN is $766 for a studio, $980 for one bedroom, $1,210 for two bedrooms, and $1,679 for three bedrooms. Apartment rent in Speedway has increased by 3.5% in the past year.

Property Type
Average Rent
Average Sq Ft
Apartment
$980/month
639 Sq Ft
House
$1,405/month
1,051 Sq Ft
See Rental Market Trends in Speedway, IN

Transportation

61

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.

2

Minimal Transit

out of 100 TransitScore® Rating

You'll likely want a car when living in this area since it has few transit options.

57

Bikeable

out of 100 BikeScore® Rating

While there’s some bike infrastructure in this area, you’ll still need a car for many errands.

Schools

James A Allison Elementary School 3

Public

Grades K-6

246 Students

9
out of 10

Arthur C Newby Elementary School 2

Public

Grades K-6

242 Students

9
out of 10

Frank H Wheeler Elementary School 4

Public

Grades K-6

354 Students

7
out of 10

Carl G Fisher Elementary School 1

Public

Grades PK-6

140 Students

7
out of 10

Speedway Junior High School

Public

Grades 7-8

317 Students

8
out of 10

Speedway Senior High School

Public

Grades 9-12

565 Students

9
out of 10

Points of Interest

Parks and Recreation

  • Thatcher Park
  • Municipal Gardens
  • Krannert Park
  • Riverside Park
  • Nina Mason Pulliam EcoLab

Commuter Rail

Airports

  • Indianapolis International

Top Apartments in Speedway

Houses for Rent in Speedway

Search Nearby Rentals

Methodology

† 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.