Rentometer, Inc. | Data as of 10/24/2025
Indiana offers a dynamic rental market that balances vibrant urban living with the charm of Midwestern suburbs. From the bustling streets of Indianapolis—home to the iconic Indianapolis Motor Speedway and a thriving arts scene—to the college town energy of Bloomington and the historic riverfront of Fort Wayne, renters find a wealth of neighborhoods that cater to diverse lifestyles. Popular districts such as Broad Ripple, the Old City, and Carmel’s upscale suburbs provide easy access to dining, entertainment, and outdoor recreation, while the Indiana Dunes National Park and numerous state parks offer serene weekend getaways just a short drive away.
The state’s rental inventory includes both apartments and single‑family homes, providing flexibility for a wide range of tenant needs. Studio apartments typically rent in the $1100s, and one‑bedroom units often fall in the $1200s, while larger configurations can reach the $1600s to $1700s range. For those seeking a house, studio‑style homes hover near the $2000 mark, and one‑bedroom houses are commonly available in the $900s, with spacious three‑ and four‑plus bedroom homes offering premium options in higher price tiers. Whether you’re a young professional looking for a modern downtown loft, a family needing a comfortable suburban residence, or a student searching for convenient proximity to campus, Indiana’s rental market delivers a broad spectrum of affordable and quality housing choices.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | Studio | $1,150 | $1,025 | $595 - $2,449 | $800 - $1,335 |
| Apartment | 1 Bedroom | $1,260 | $1,228 | $675 - $2,665 | $932 - $1,499 |
| Apartment | 2 Bedroom | $1,484 | $1,410 | $697 - $3,720 | $1,125 - $1,695 |
| Apartment | 3 Bedroom | $1,749 | $1,650 | $705 - $3,270 | $1,275 - $2,131 |
| Apartment | 4+ Bedroom | $1,225 | $535 | $375 - $3,455 | $510 - $3,455 |
| House | 1 Bedroom | $809 | $812 | $600 - $1,000 | $800 - $850 |
| House | 2 Bedroom | $1,310 | $1,195 | $520 - $2,690 | $1,000 - $1,400 |
| House | 3 Bedroom | $1,751 | $1,700 | $740 - $4,600 | $1,400 - $1,995 |
| House | 4+ Bedroom | $2,457 | $2,305 | $1,379 - $7,000 | $1,850 - $2,660 |
In the current period, the average rent in Indiana was $1,160 for Studio, $1,211 for 1 Bedroom, $1,393 for 2 Bedroom, $1,751 for 3 Bedroom, and $2,229 for 4+ Bedroom.
Data provided by Rentometer, Inc.