Avg Rent
$1,124
Population
879,846
Renter Mix
49% Rent
Indianapolis is the thriving capital city of the state of Indiana — as well as the most populated. Nicknamed the Crossroads of America, Indianapolis is the well-known center for several major interstates that connect locals to the rest of the country. This commuter-friendly city is also home to the Indianapolis International Airport, a modern hub for national and international travelers. With an abundance of affordable apartments for rent, the city of Indianapolis has more than enough to offer both its residents and visitors alike.
Residents can enjoy a performance from the Indianapolis Symphony Orchestra at Hilbert Circle Theatre, cheer on the Indianapolis Colts at Lucas Oil Stadium, and peruse the stores in Circle Centre Mall. Locals enjoy admiring the wildlife at the Indianapolis Zoo, exploring the exhibitions at the Indianapolis Museum of Art, and hiking the trails at Eagle Creek Park. From the Children’s Museum of Indianapolis to the Indianapolis Motor Speedway, host to the Indy 500, the world’s largest sporting event, the city of Indianapolis has something for everyone!
The White River flows through Indianapolis
The Circle Monument is a city landmark
Downtown Indianapolis on a sunny afternoon
Median Household Income
$59,562
Average: $80,481
Education
233,988
Residents Have a Degree
Job Market
443,207
Workers Employed
Median Age
36 Years
Largest Age Group
25-34 Years
Approximately 16% of Residents
Under 20
27%
Over 65
15%
Housing Distribution
Indianapolis has more homeowners than renters.
Education Distribution
Review this city's overall education levels.
As of May 2026, the average apartment rent in Indianapolis, IN is $984 for a studio, $1,125 for one bedroom, $1,332 for two bedrooms, and $1,537 for three bedrooms. Apartment rent in Indianapolis has decreased by -0.1% in the past year.
The cost of living in Indianapolis, IN is 10.2% lower than the national average. Generally, housing in Indianapolis is 24.1% less expensive than the national average, with rent falling between $984 - $1,537. You can expect to pay 0.1% more for groceries, 6.2% less for utilities, and 1.0% less for transportation.
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Explore how walkable, bikeable, drivable, and transit-friendly Indianapolis, IN is for everyday living.
Moderately Walkable
Walkability
Limited Public Transit
Transit
Very Drivable
Drivability
Moderately Bikeable
Bikeability
Public
Grades PK-5
880 Students
Public
Grades K-8
803 Students
Public
Grades K-8
300 Students
Public
Grades K-5
265 Students
Public
Grades K-8
233 Students
Public
Grades K-8
803 Students
Public
Grades K-8
300 Students
Public
Grades K-8
233 Students
Public
Grades K-8
469 Students
Public
Grades 6-8
1,711 Students
Public
Grades 9-12
3,319 Students
Public
Grades 9-12
2,350 Students
Public
Grades 9-12
995 Students
Public
Grades 9-12
3,628 Students
Ben Davis University High School
Public
Grades 9-12
358 Students
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
View GreatSchools Rating Methodology
Data provided by
GreatSchools.org
© 2026. All rights reserved.
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† 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.
