Apartments for Rent in Indianapolis, IN (1,834 Rentals)

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Indy's Innovation Hub: Top Indianapolis Employers and the Neighborhoods that Welcome You Home

Find your dream job and perfect neighborhood in Indy. Discover major companies and the best places to live for young professionals and families, from historic districts to quiet, upscale communities.

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Bon Air Residence
$1,750 - $2,250
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$1,750 - $2,250
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$1,750 - $2,250
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Bon Air Residence

21-23 W 16th StIndianapolis, IN 46202
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Lake Castleton Apartments
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$980 - $1,654
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$980 - $1,654
Total Monthly Price
$980 - $1,654
Studio to 2 Bedroom Apartments Available Now

Lake Castleton Apartments

7601 Carlton Arms DrIndianapolis, IN 46256
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Neighborhood & Market Insights: How to Choose the Right Area to Rent

Master your search for the perfect apartment. Location is everything. Discover how to leverage community insights, public data, and personal visits to make a fully informed decision about where to rent.

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Find Your Indy Home: A Guide to Indianapolis Apartment Rentals and Neighborhoods

Discover the heart of the Midwest! Learn about popular Indianapolis neighborhoods to rent like Speedway and Eagledale, plus top universities and can't-miss places to eat.

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Check Out Indianapolis’s Best Affordable Neighborhoods

Learn about Indianapolis and the best places to live with original content written by our Local Expert Wendy Melton

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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Indianapolis, IN Local Guide

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Justin Habersaat
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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Learn the property manager's true secrets to a zero-deduction move-out. Use this step-by-step guide on documentation, cleaning, and lease-reading to reclaim your security deposit.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Tour smarter and choose with confidence. Get the essential 18 questions that reveal the truth about a rental property's maintenance, utilities, and safety.

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Your Guide to Picking the Perfect Indianapolis Neighborhood for Student Renters

Learn About the Best Neighborhoods to Rent Near College Campuses in Indianapolis, IN | Find Charlotte Indianapolis Student Housing at ApartmentHomeLiving.com

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Indianapolis Overview

Indiana’s capital, Indianapolis, is the state’s largest city and it ranks 13th in the country for size. It sits near the convergence of the White River and Fall Creek. Recently, Forbes ranked Indianapolis as having one of the best downtowns in the country because of its appealing appearance as well as amenities like movie theaters, museums, art galleries, parks, retail shops and entertainment. Indianapolis has experienced moderate growth in the last few years, and currently has a population of nearly 840,000 residents.

What is the history of Indianapolis?

Indiana was admitted to statehood in 1816 and the U.S. Congress donated four portions of federal land in order to establish a seat of state government. In 1818, the Delaware tribe (known as the Lenape) relinquished their land, in exchange for an annuity of $4000. This area of land, called the New Purchase, became the site chosen for the new state capital in 1820. The early settlers of the area that was to become Indianapolis were predominately of northwestern European descent. Many of the settlers were Protestants, but a large portion of the immigrants were Irish and German Catholics. The first families to settle in the town of Indianapolis were the McCormicks and the Pogues, sometime around 1820. Indianapolis officially became a town in 1832, and it became incorporated as a city in 1847. January 1, 1825, the seat of state government was moved to Indianapolis and the Indiana General Assembly’s first session in the state capital began on January 10, 1825.

How is the weather in Indianapolis?

Indianapolis experiences four distinct seasons. Summers tend to be warm and humid, with average July temperatures of about 76°. However, summer temperatures are known to reach 90° (typically, 18-20 days a year). The Spring and Fall are usually pleasant, though somewhat unpredictable. It isn’t uncommon for several warm days (80° daily high temperatures) to be followed within a couple of days by snowfall. Winters are cold in Indianapolis, with average daily high temperatures around 28°, but they drop to below 0° an average of 5 nights per year. The wettest months are in the Spring and Summer, with May being the rainiest. There is really no dry season in Indianapolis. Average rainfall is 42 inches and snowfall is 26 inches.

How do I get around town?

With so much to see and do in downtown Indianapolis, you will want to take your time there. The downtown area is best navigated on foot, as the streets are busy and parking isn’t always easy to find. Outside of downtown, you’ll need a car to get around. There is also a very clean and efficient bus system in Indianapolis, however, the routes are complicated and big potions of the metropolitan area do not have service. Taxis are available in the downtown area and at the Indianapolis International Airport (IND), but you won’t be able to flag one down in other parts of the city, you will need to call ahead. The city has an Amtrak station, which includes two service lines that travel to and from Cincinnati, Washington D.C., Chicago, and New York.

What is the Indianapolis commute like?

Indianapolis has the nickname, “Crossroads of America”, and it’s easy to see why. The city acts as a hub where all of the Indiana interstates come together. The interstates (I-65, I-69, I-70, and I-74) are joined by the 465 Metro Loop that goes around the city. In addition, there are several well-maintained U.S. Highways and State routes to make getting around the city and to other Indiana cities easy. Workers in Indianapolis spend an average of 22 minutes commuting to work each day.

What are the local media outlets?

The Indianapolis Star is the only daily newspaper serving Indianapolis, but there are several popular weekly publications including: NUVO, Indianapolis Recorder, and the Indianapolis Business Journal. There are 77 radio stations in the Indianapolis area, and the city is home to The Bob & Tom Show, a popular nationally syndicated program on WFBQ.

Why live in Indianapolis, IN?

In Indianapolis, if you are a sports fan, you are in luck. The city boasts many sports-related venues and activities. There is a lot to do if you love history, art, and the outdoors as well (in the warmer months, of course!). Here are some of the highlights the city has to offer:

What Indianapolis landmarks should I see?

Indianapolis is known for its devotion to honoring the country’s fallen soldiers. The city dedicates more acreage than any other U.S. city to doing so, and is second only to Washington D.C. in the amount of war memorials. The Soldiers and Sailors Monument is at the heart of downtown, the center of the city and the collection of many other war memorials. You can take tours of this civil war memorial, as well as many others.

What is there to do around Indianapolis?

In addition to all of the war memorials, Indianapolis has a lot to do. Here are just a few of the places that you can go for sporting events, arts and culture, and family fun. The Indianapolis Motor Speedway is a great destination that is the world’s largest racetrack and home of the Indianapolis 500, while Lucas Oil Stadium, home of the Indianapolis Colts and Bankers Life Fieldhouse, home to the Indiana Pacers, give an outlet for the sports fans around town. If you're looking for art and culture for the kids, you might consider heading out of the Indy apartment for a day at the Children’s Museum of Indianapolis. For fun outdoors you might consider a trip to White River State Park or Fort Harrison State Park.

Any annual festivals or Indianapolis events to know?

The Indianapolis 500 Festival is a community festival that celebrates the historic Indianapolis 500. The event happens at the end of each May and has nearly 50 events and programs. At least half a million people visit the festival each year, making it Indianapolis’ biggest festival of the year. The Eitejorg Museum’s Indian Market and Festival is a celebration of Native American cultures that has taken place every June for the last 20 years. The festival includes art from more than 160 Native American artists, dance performances, Native American food, and lots of family activities.Every September since 1999, the Indy Jazz Fest celebrates the jazz and arts scene with 10 days of concerts, master classes and panel discussions.

Where are the nearby vacation spots?

There are some great vacation spots near Indianapolis that won’t require much in the way of travel time. The city of Chicago is a less than 3-hour drive north from Indianapolis. You will find an abundance of things to do in the “Windy City.” Likewise, St. Louis, Missouri is just under 4-hours by car. There you can visit the Gateway Arch and many other attractions. Nashville, Tennessee, the country music capital of the world, is just a 4-hour car drive away. If you are a country music lover, this is the perfect destination for your vacation.

Where is the best place to move in Indianapolis?

Whether you are a young professional looking for a place to live in Indianapolis, or a family looking for a neighborhood with children, you can find the perfect place to live. Lockerbie Square, Broad Ripple Village, Mass Ave Arts District, and Canal & White River State Park District are all popular neighborhoods for young professionals. They have vibrant nightlife, music and arts, and a younger demographic. Carmel, Fishers, and Zionsville are neighborhoods that are safe, filled with parks and great schools. They are perfect for families with children. Indianapolis, Indiana is a great place to visit, with lots of sporting and cultural events that appeal to everyone, but it is also a great place to live for year-round activities and fun.

Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Indianapolis, IN Area Reviews

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Wendy • 3+ years in Indianapolis

August 10, 2025

One of Indiana's most beautiful cities!

Frequently Asked Questions about Indianapolis

How much are Studio apartments in Indianapolis?

There are currently 525 Studio Apartments in Indianapolis with rent ranges from $575 to $5,300 with an average price of $1,218.

What is the current price range for One Bedroom Indianapolis Apartments for rent?

Today's rental pricing for One Bedroom Apartments in Indianapolis ranges from $518 to $4,100 with an average monthly rent of $1,371.

What does renting a Two Bedroom Apartment in Indianapolis cost?

The monthly rent prices of Two Bedroom Apartments currently available in Indianapolis range from $545 to $7,954. Today's average rental price for Two Bedrooms here is $1,657.

How expensive are Indianapolis Three Bedroom Apartments?

There are currently 529 Three Bedroom Apartments listings available in Indianapolis on ApartmentHomeLiving.com. The pricing ranges from $626 to $9,351 - averaging $2,009 for the location.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Helpful Local Expert Guides

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A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Indianapolis

Written by: Wendy Melton

Indianapolis is not only the state capital of Indiana, it’s also a shining example of what Midwestern living is all about. I’m Wendy, your ApartmentHomeLiving.

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Your Guide to Picking the Perfect Indianapolis Neighborhood for Student Renters

Written by: Wendy Melton

Indianapolis is well-known for being one of the top college cities in the country. Local colleges and universities are ranked in the Top 10 when it comes to sports and academic excellence.

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Find Your Indy Home: A Guide to Indianapolis Apartment Rentals and Neighborhoods

Written by: Wendy Melton

My name is Wendy, and I've lived in Indiana for most of my life. Indianapolis is our state capital, and many people consider it the heart of the Midwest. People come from all around to explore everything Indianapolis has to offer.

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Indys Innovation Hub: Top Indianapolis Employers and the Neighborhoods that Welcome You Home

Written by: Wendy Melton

Indianapolis is truly the heart of the Midwest. No matter what career path you choose, opportunities for advancement are everywhere.

Articles, How-To's, and Tips

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.