Rise on Meridian
915 S Meridian St,
Indianapolis, IN 46225
$1,284 - $2,551
Studio - 2 Beds
Area Guide
Downtown Indianapolis Indianapolis, IN
Enjoy free rein of Indy’s finest.
College
•
Architecture
•
Upscale
Downtown Indianapolis is a true marvel of American urban design, and is rightly recognized as one of the stylistic gems of the Midwest. The grand architecture of the various government buildings and museums ranges from neoclassical to ultra-modern, creating a timeless and visually stunning environment. Huge monuments and war memorials punctuate the landscape as well – in fact, Indianapolis has more such public tributes than any city in America apart from Washington, DC. Downtown features a thriving nightlife scene, mainly along Meridian Street and Massachusetts Avenue and incorporating an immense selection of bars, clubs, and live music venues for every taste. The dining is unbeatable, with world-class restaurants of every description within a short walk from anywhere and the popular Food Truck Fridays delivering more eclectic fare during the summer months. The Downtown housing market is unique and diverse, ranging from upscale high-rise units to an abundance of surprisingly affordable studio apartments, and dozens of apartment buildings appear on the National Register of Historic Places. The abundance of lower-cost options is great for students (as well as faculty and staff) attending Indiana University - Purdue University Indianapolis, whose campus sits along the White River on the west side of Downtown.
Rent Trends
As of May 2026, the average apartment rent in Downtown Indianapolis is $1,266 for a studio, $1,468 for one bedroom, $1,941 for two bedrooms, and $2,621 for three bedrooms. Apartment rent in Downtown Indianapolis has decreased by -2.0% in the past year.
-
Studio
-
564 sq ft
Average Sq Ft
-
$1,266/month
Average Rent
-
1 BR
-
734 sq ft
Average Sq Ft
-
$1,468/month
Average Rent
-
2 BR
-
1,096 sq ft
Average Sq Ft
-
$1,941/month
Average Rent
-
3 BR
-
1,504 sq ft
Average Sq Ft
-
$2,621/month
Average Rent
Getting Around
Explore how walkable, bikeable, drivable, and transit-friendly Downtown Indianapolis - Indianapolis, IN is for everyday living.
Very Walkable
Walkability
80
/ 100
Some Public Transit
Transit
50
/ 100
Moderately Drivable
Drivability
60
/ 100
Exceptionally Bikeable
Bikeability
90
/ 100
Daily Essentials
Downtown Indianapolis - Indianapolis, IN offers all daily essentials, but they’re limited to a few main areas.
Supermarket Within a 5 Minute Walk
Groceries
90
/ 100
Good Restaurant Variety Nearby
Restaurants
70
/ 100
Good Café Variety Nearby
Cafes
60
/ 100
Fair Variety of Shops Nearby
Shopping
50
/ 100
Recreation
Downtown Indianapolis - Indianapolis, IN provides green space and wellness resources in certain areas.
Large Amount of Park Space Nearby
Parks
70
/ 100
Fair Wellness Amenity Variety Nearby
Wellness
50
/ 100
Local Vibe
Get a sense of what it’s like to live in Downtown Indianapolis - Indianapolis, IN from everyday activity to noise and nightlife.
Vibrant Atmosphere
Vibrancy
60
/ 100
Good Nightlife Variety Nearby
Nightlife
60
/ 100
Moderately Noisy
Quiet Score
40
/ 100
Scores provided by
Points of Interest
Shopping Centers
Parks and Recreation
- University Park
- Indiana State Museum
- White River State Park
- White River Gardens
- Indianapolis Zoo
Commuter Rail
Airports
- Indianapolis International
Top Apartments in Downtown Indianapolis
Houses for Rent in Downtown Indianapolis
Property Management Companies
Greystar
-
3,528
Communities
-
969,822
Units
-
898
Cities
Willow Bridge
-
716
Communities
-
197,384
Units
-
337
Cities
RPM
-
662
Communities
-
182,928
Units
-
259
Cities
AMC
-
610
Communities
-
122,185
Units
-
245
Cities
Avenue5 Residential
-
569
Communities
-
127,061
Units
-
220
Cities
Cushman & Wakefield
-
451
Communities
-
106,998
Units
-
225
Cities
Search Nearby Rentals
Nearby City Rentals
Nearby Neighborhood Rentals
Nearby House Rentals
Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.