
Luxury Apartments for Rent in the Downtown Indianapolis Neighborhood of Indianapolis, IN (73 Rentals)
The most luxurious Apartments in the Downtown Indianapolis area of Indianapolis with high-end amenities, features, and finishes.


Total Monthly Price
Industry Indianapolis

Van Rooy Downtown Leasing

Lockerbie Lofts

Artistry Indy

220 Meridian

Total Monthly Price
CityWay

Cosmopolitan on the Canal

The Grounds

Ardmore Apartments
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.

9 On Canal

Vanguard at 16 Tech

The Leo

360 Market Square

Total Monthly Price
Ralston Apartments

Pulliam Square

Axis

Riley Towers

Union Square

Edge 35
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.

Total Monthly Price
740 E North St

Total Monthly Price
632MLK

747 N College Ave

423 E Michigan St

747 N College Ave

373 E Morris St

421 N Pennsylvania St

423 E Michigan St

501n N New Jersey St

520 E Washington St
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

50 N Illinois St

50 N Illinois St

421 N Pennsylvania St

421 N Pennsylvania St

421 E Market St

421 E Market St

450 E Market St

421 E Market St

421 E Market St

501n N New Jersey St
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

50 N Illinois St

423 E Michigan St

518 Prospect St

530 Massachusetts Ave

518 Prospect St

848 Camp St

423 E Michigan St

421 N Pennsylvania St

844 Camp St

844 Camp St
Downtown Indianapolis - One of the Best Affordable Neighborhoods in Indianapolis
Named as one of the Best Affordable Neighborhoods to rent in Indianapolis by our Local Expert Wendy Melton. See how it ranks!
Downtown Indianapolis, Indianapolis, IN Local Guide

How much does it cost to rent an apartment in Downtown Indianapolis?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Indianapolis Studio Apartments | $1,243 | $595 | $4,503 |
| Downtown Indianapolis 1 Bedroom Apartments | $1,526 | $497 | $4,715 |
| Downtown Indianapolis 2 Bedroom Apartments | $2,088 | $563 | $6,194 |
| Downtown Indianapolis 3 Bedroom Apartments | $2,774 | $999 | $7,390 |
| Downtown Indianapolis 4 Bedroom Apartments | $1,208 | $600 | $5,655 |
Browse Apartments in this Neighborhood
There are currently 73 rentals with your search options within a 2 mile radius of the Downtown Indianapolis Neighborhood of Indianapolis, IN.
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Downtown Indianapolis, Indianapolis, IN Local Guide
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Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
Read ArticleYour 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
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
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.
Lifestyle Ratings
ApartmentHomeLiving brings you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals and neighborhoods across the USA, including Indianapolis. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including searching for the best amenities, and outdoor amenities like tennis courts, transit availability, pet-friendly communities, places to raise kids, in addition to floorplans, availablity, and pricing. Find Lifestyle Search in the filter options (above). Happy Searching!
Luxury Living Rating
This area has risen to be one of the best high-end neighborhoods in town, with a score of 4.0 out of 4. Luxury Lifestyle Scoring is based on having high-end community amenities like shared social spaces, lounges, pools, maid services, views, access to parks, and amenities like granite countertops, range hoods, and high-end appliances. Luxury submarkets also often offer hardwood floors and fireplaces, access to sports facilities like golf, raquetball, and tennis, and a full-time security staff or doorman.
Frequently Asked Questions about Downtown Indianapolis
How much are Studio apartments in Downtown Indianapolis?
There are currently 165 Studio Apartments in Downtown Indianapolis with rent ranges from $595 to $4,503 with an average price of $1,243.
What is the current price range for One Bedroom Downtown Indianapolis Apartments for rent?
Today's rental pricing for One Bedroom Apartments in Downtown Indianapolis ranges from $497 to $4,715 with an average monthly rent of $1,526.
What does renting a Two Bedroom Apartment in Downtown Indianapolis cost?
The monthly rent prices of Two Bedroom Apartments currently available in Downtown Indianapolis range from $563 to $6,194. Today's average rental price for Two Bedrooms here is $2,088.
How expensive are Downtown Indianapolis Three Bedroom Apartments?
There are currently 48 Three Bedroom Apartments listings available in Downtown Indianapolis on ApartmentHomeLiving.com. The pricing ranges from $999 to $7,390 - averaging $2,774 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

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.

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.

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.
Articles, How-To's, and Tips

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.