Indianapolis (or “Indy” if you want to blend in with the locals) is known for a few big things: the Indy 500, sports, and iconic Midwestern friendliness that can turn a quick grocery run into a full-blown conversation. It’s also home to scenic trails, historic districts, and breweries that breathe life into its neighborhoods.
Beyond race cars and game-day crowds, Indianapolis neighborhoods all have their own personalities. Whether you want a lively nightlife scene, historic charm, walkable streets, or easy access to downtown, Indy has something for every lifestyle. We’ve compiled a list of the best places to rent in Indianapolis based on the following factors:
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Rental availability
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Average rent relative to other neighborhoods in the city
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Proximity to points of interest like work hubs, universities, downtown areas, shopping centers, or major parks
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Niche.com’s neighborhood report cards
The five best neighborhoods in Indianapolis for renters are:
Broad Ripple
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Average 1-bedroom rent in Indianapolis: $1,124/month
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Average 1-bedroom rent in Broad Ripple: $1,429/month
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Average 1-bedroom square footage: 739 square feet
Why Broad Ripple is good for renters
Located about six miles north of downtown Indianapolis, Broad Ripple offers renters the perfect mix of urban energy and laid-back neighborhood charm. The neighborhood is one of the city’s most active entertainment districts, packed with local restaurants, breweries, coffee shops, and nightlife along Broad Ripple Avenue. Residents also love easy access to the Monon Trail, a paved trail connecting Midtown neighborhoods to Downtown Indy and the Cultural Trail.
Beyond nightlife, Broad Ripple has a strong sense of community and plenty of green space. Residents spend weekends biking around the Monon, visiting Broad Ripple Park, or stopping by local favorites like BRICS for ice cream and Flatwater for a great bite. The neighborhood balances city convenience with a more relaxed, neighborhood-focused atmosphere.
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Exceptionally Walkable |
Limited Public Transit |
Moderately Drivable |
Very Bikeable |
90Broad Ripple has a walkability score of 90 out of 100. |
30Broad Ripple has a transit score of 30 out of 100. |
70Broad Ripple has a drivability score of 70 out of 100. |
80Broad Ripple has a bikeability score of 80 out of 100. |
Keep in mind
One-bedroom apartments in Broad Ripple face higher rent prices than the rest of Indianapolis. The average apartment rent in Broad Ripple is $1,359 for a studio, $1,429 for one bedroom, $1,715 for two bedrooms, and $2,334 for three bedrooms. Apartment rent in Broad Ripple has decreased by -1.8% in the past year.
Holy Cross
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Average 1-bedroom rent in Indianapolis: $1,124/month
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Average 1-bedroom rent in Holy Cross: $1,489/month
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Average 1-bedroom square footage: 747 square feet
Why Holy Cross is good for renters
Holy Cross is a historic east side neighborhood that combines urban living with a close-knit community atmosphere. Located just a stone’s throw away of downtown Indianapolis, the neighborhood gives renters quick access to major employers, entertainment districts, and local breweries while still maintaining a quieter residential feel.
One of Holy Cross’s biggest draws is its strong neighborhood culture. Residents regularly participate in community events, volunteer projects, wine nights, and neighborhood cleanups, creating a welcoming environment that feels more connected than many urban areas. The neighborhood’s historic homes, walkable streets, and easy access to Downtown Indy also make it appealing for renters looking for character and convenience.
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Moderately Walkable |
Some Public Transit |
Exceptionally Drivable |
Moderately Bikeable |
70Holy Cross has a walkability score of 70 out of 100. |
40Holy Cross has a public transit score of 40 out of 100. |
100Holy Cross has a drivability score of 100 out of 100. |
70Holy Cross has a bikeability score of 70 out of 100. |
Keep in mind
Holy Cross is still evolving. Renters looking for newer apartments or large luxury apartment communities may find fewer options here.
Meridian-Kessler
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Average 1-bedroom rent in Indianapolis: $1,124/month
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Average 1-bedroom rent in Meridian-Kessler: $1,214/month
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Average 1-bedroom square footage: 783 square feet
Why Meridian-Kessler is good for renters
Meridian-Kessler is one of Indianapolis’s most beloved Midtown neighborhoods thanks to its walkability, historic charm, and convenient location. Renters can easily access coffee shops, restaurants, grocery stores, music venues, and local boutiques without traveling far from home. The neighborhood also offers quick access to Downtown Indianapolis, Broad Ripple, and Butler University.
The area is known for its beautiful historic homes, tree-lined streets, and active community feel. Residents enjoy nearby attractions like The Vogue, Clowes Hall, and the Indiana State Fairgrounds, which host events year-round. Meridian-Kessler also appeals to renters who want city amenities without sacrificing neighborhood character or green space.
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Fairly Walkable |
Limited Public Transit |
Moderately Drivable |
Moderately Bikeable |
50Meridian-Kessler has a walkability score of 50 out of 100. |
30Meridian-Kessler has a transit score of 30 out of 100.
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60Meridian-Kessler has a drivability score of 60 out of 100. |
60Meridian-Kessler has a bikeability score of 60 out of 100. |
Keep in mind
Meridian-Kessler is a quieter neighborhood. With limited nightlife, few recreation options, and a calmer atmosphere, renters looking for a nightly scene may find Meridian-Kessler lacking.
The Canal
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Average 1-bedroom rent in Indianapolis: $1,124/month
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Average 1-bedroom rent in The Canal: $1,438/month
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Average 1-bedroom square footage: 738 square feet
Why Canal Walk is good for renters
Canal Walk combines downtown convenience with scenic waterfront living in the heart of Indianapolis. Centered around the historic Central Canal, the neighborhood is remarkably bike-friendly, with easy access to the Downtown Canal Walk, White River State Park, and major downtown employers and attractions. Residents can spend weekends kayaking, riding pedal boats, or exploring nearby museums and entertainment venues without leaving the neighborhood.
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Moderately Walkable |
Some Public Transit |
Exceptionally Drivable |
Exceptionally Bikeable |
70Canal Walk has a walkability score of 70 out of 100. |
40Canal Walk has a transit score of 40 out of 100. |
100Canal Walk has a drivability score of 100 out of 100. |
90Canal Walk has a bikeability score of 90 out of 100. |
Keep in mind
Because of its downtown location and popularity with visitors, Canal Walk can feel busy during weekends, festivals, and tourist seasons. Rental prices also tend to be higher than the city average due to its prime location and waterfront views.
Irvington
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Average 1-bedroom rent in Indianapolis: $1,124/month
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Average 1-bedroom rent in Irvington: $794/month
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Average 1-bedroom square footage: 599 square feet
Why Irvington is good for renters
Irvington is one of Indianapolis’s most recognizable historic districts, located about five miles east of downtown. The neighborhood is known for its winding streets, mature trees, and beautifully preserved early twentieth-century homes. Renters who appreciate historic architecture and strong neighborhood identity are often drawn to Irvington’s unique atmosphere.
Irvington also offers convenient access to I-465, Downtown Indianapolis, and several local attractions. Residents enjoy neighborhood staples like Jockamo Pizza, Sleepy Hollow Gourmet Deli & Cafe, and the Pennsy Trail, along with locally owned shops and seasonal community events. Irvington especially comes alive during the annual Irvington Halloween Festival, when the neighborhood transforms into one of the Midwest’s biggest fall destinations.
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Fairly Walkable |
Limited Public Transit |
Very Drivable |
Fairly Bikeable |
50Irvington has a walkability score of 50 out of 100. |
30Irvington has a transit score of 30 out of 100. |
80Irvington has a transit score of 80 out of 100. |
40Irvington has a bikeability score of 40 out of 100. |
Keep in mind
Historic homes often require more upkeep and may lack modern layouts or amenities. Exterior modifications in protected historic areas may also be subject to city approval.
Ready to Make the Move?
If Indianapolis has caught your eye, take the next step with Apartments.com! Whether you’re dropping in for a short-term lease or hoping to set down roots, Apartments.com has the tools to help you find the perfect place. Navigate housing across neighborhoods with our customized search engine and use our customizable filters to narrow your search by price, amenities, and floor plan.
Wherever you are and wherever you’re going, the options are endless with Apartments.com.
Apartment rent and cost of living data provided by CoStar Group’s May 2026 reports.
FAQs
Is Indianapolis a good place to live?
Yes, Indianapolis is a good place to live for renters who want an affordable city with a strong sense of community, local culture, and plenty of entertainment options. From historic neighborhoods and outdoor trails to professional sports, breweries, and arts districts, Indianapolis offers a balanced lifestyle with a lower cost of living than many major Midwest cities.
Is Indianapolis an expensive place to live?
Indianapolis is generally considered more affordable than many large U.S. cities. The cost of living in Indianapolis is 10.2% below the national average, and average rent prices are typically lower than nearby cities like Chicago and Columbus. Utilities, transportation, and everyday expenses also tend to remain relatively manageable for renters.
What’s the average rent in Indianapolis?
The average rent in Indianapolis is approximately $1,124/month, as of May 2026. This is 32% below the national average rent, making Indianapolis one of the more affordable major cities for renters in the Midwest.
What salary do you need to live in Indianapolis?
According to cost of living data, a comfortable salary for a single adult with no dependents to cover housing, utilities, groceries, and everyday expenses in Indianapolis would be around $44,916 before tax.
