
Homes for Rent in the Downtown Indianapolis Neighborhood of Indianapolis, IN (173 Rentals)


914 E 22nd St

506 Woodruff Place Middle Dr, Unit 506.5

403 E Morris St

2107 Coretta Way

1061 W 18th St

504 E 10th St

2229 N Alabama St

801 E 20th St

621 W 10th St
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1629 Lexington Ave

2029 N College Ave, Unit E

103 E 9th St, Unit 32

615 N East St

Total Monthly Price
615 N East St, Unit SI ID1596516P

Total Monthly Price
235 S Delaware St, Unit SI ID1596533P

Total Monthly Price
615 N East St, Unit SI FL2-ID1596524P

229 S Delaware St

235 S Delaware St

615 N East St
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

615 N East St

615 N East St

235 S Delaware St

615 N East St

615 N East St

Total Monthly Price
615 N East St, Unit SI ID1596498P

2029 N College Ave, Unit A

2106 N Talbott St

421 N Pennsylvania St

1661 N Talbott St, Unit 1
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421 N Pennsylvania St

Total Monthly Price
235 S Delaware St, Unit SI ID1364142P

Total Monthly Price
615 N East St, Unit SI FL2-ID1364146P

Total Monthly Price
615 N East St, Unit SI ID1364133P

Total Monthly Price
235 S Delaware St, Unit SI ID1364131P

Total Monthly Price
518 Prospect St, Unit SI ID1357365P

Total Monthly Price
518 Prospect St, Unit SI ID1353834P

Total Monthly Price
848 Camp St, Unit SI ID1303770P

Total Monthly Price
1125 E 10th St, Unit SI ID1303781P

Total Monthly Price
742 N Sheffield Ave, Unit SI ID1228636P
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!

1702 W Michigan St, Unit 10

1841 Montcalm St

2318 Groff Ave

1403 Spann Ave

918 S State Ave

918 S State Ave

437 Fulton St

1525 E Market St

1523 E Market St

1236 W 18th St
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Downtown Indianapolis, Indianapolis, IN Local Guide

How much does it cost to rent a home in Downtown Indianapolis?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Indianapolis 2 Bedroom Homes for Rent | $1,777 | $850 | $3,750 |
| Downtown Indianapolis 3 Bedroom Homes for Rent | $1,978 | $1,025 | $4,350 |
| Downtown Indianapolis 4 Bedroom Homes for Rent | $3,143 | $1,900 | $5,500 |
| Downtown Indianapolis 5 Bedroom Homes for Rent | $2,647 | $2,395 | $2,900 |
Browse Homes for Rent in this Neighborhood
There are currently 173 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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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.
Read Article18 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.
Read ArticleNavigating 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.
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 ArticleReal 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.
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.
Pet Friendly LifestyleDowntown Indianapolis, Indianapolis, IN
Ranked #1
Among cities in Indiana for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Downtown Indianapolis, Indianapolis, IN
Arlington Community Middle School
School data provided by Great Schools
Frequently Asked Questions about Downtown Indianapolis
What type of rentals are currently available in Downtown Indianapolis?
There are currently 380 Apartments for Rent in Downtown Indianapolis, IN with pricing that ranges from $544 to $11,680. There are also 181 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Indianapolis ranging from $725 to $5,500.
What is the current price range for Rental Homes in Downtown Indianapolis?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Indianapolis ranges from $725 to $5,500 with an average monthly rent of $1,884.
How much are larger Three and Four Bedroom Rentals in Downtown Indianapolis?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Downtown Indianapolis range from $799 to $7,822, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,025 to $4,350. Four Bedroom Single-Family rentals are also available starting from $1,900 and Four Bedroom Apartments start at $600.
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

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.

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.

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.

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.
Articles, How-To's, and Tips

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.