How much is rent in Indianapolis, IN?

The median 2-bedroom in Indianapolis rents for $1,397 a month with utilities, $166 less than the US median. A 1-bedroom runs $1,189 and a 3-bedroom $1,696.

By Sol Lakein, founder of Slower Sundays. Updated November 2026.

$1,3972-bedroom¹US: $1,563
$1,1891-bedroom¹US: $1,362
$55,880Income for a 2-bed at 30%²A year
20%Share of typical income³For a 2-bedroom

Rent in Indianapolis by number of bedrooms

Median rent, utilities included, next to the US median.¹

Studio$1,164/mo
Indianapolis
$1,164
US
$1,365
Income to keep it at 30%: $46,560²
1 bedroom$1,189/mo
Indianapolis
$1,189
US
$1,362
Income to keep it at 30%: $47,560²
2 bedrooms$1,397/mo
Indianapolis
$1,397
US
$1,563
Income to keep it at 30%: $55,880²
3 bedrooms$1,696/mo
Indianapolis
$1,696
US
$1,760
Income to keep it at 30%: $67,840²
4 bedrooms$1,850/mo
Indianapolis
$1,850
US
$2,153
Income to keep it at 30%: $74,000²

Work out what rent you can afford · Full cost of living in Indianapolis

Where rent costs less than Indianapolis

25 of the cities we cover have a lower median 2-bedroom rent. The cheapest and the closest:¹

City	2-bedroom rent	Less than Indianapolis
Paducah, KY	$886	$511/mo
Terre Haute, IN	$901	$496/mo
Muncie, IN	$919	$478/mo
Huntsville, AL	$1,350	$47/mo
Bloomington, IN	$1,358	$39/mo
Myrtle Beach, SC	$1,383	$14/mo

Rent in Indianapolis: questions people ask

How much is rent in Indianapolis?

Median rent with utilities, all units: $1,380 a month. By size: studio $1,164, 1 bedroom $1,189, 2 bedrooms $1,397, 3 bedrooms $1,696, 4 bedrooms $1,850 (Census ACS, 2025).

How much do you need to make to afford rent in Indianapolis?

To keep a 2-bedroom at 30% of income, about $55,880 a year. For a 1-bedroom, $47,560.

What share of income goes to rent in Indianapolis?

A year of median 2-bedroom rent equals 20% of the median household income of $83,815 (Census ACS, 2025).

Where is rent cheaper than Indianapolis?

Of the cities we cover, Paducah, KY ($886), Terre Haute, IN ($901), Muncie, IN ($919) have the lowest median 2-bedroom rent.

Rent elsewhere in Indiana

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Notes on the numbers

1Rent: Census ACS 2025 1-year, table B25031, median gross rent by number of bedrooms (rent plus utilities the renter pays), 2025. Covers all renters, including long-time tenants, so new leases often cost more. $3,500+ is the highest figure the Census publishes. Census table
2Income to keep rent at 30%: a year of rent divided by 0.3, the common rule of thumb. Our arithmetic.
3Household income: Census ACS 2025 1-year, table B19013, median household income, 2025. Census table

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