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Area Guide

University of Indianapolis Indianapolis, IN

A historic fixture of Indy’s academic community

Private Historic Urban

Since its founding in 1902, the University of Indianapolis has built a strong reputation as one of the finest institutions in the state—in fact, it is widely recognized as one of the top-ranked regional universities in the Midwest. Serving a student population of just over 5,000, U Indy provides the atmosphere and sense of community typical of a small college while benefiting from its location in one of America’s biggest and most vibrant cities. Five miles south of Downtown Indianapolis, living near the university puts you just minutes away from Indy’s wealth of attractions and cultural offerings. Large public greenspaces like Lilly Recreation Park and Garfield Park provide excellent venues for enjoying the fresh air, while the city center is a goldmine of terrific dining, shopping, and nightlife, with a backdrop of magnificent architecture and a legendary collection of public artwork on display. The U Indy campus itself is mostly surrounded by residential neighborhoods, with many affordable apartments, houses, and condos within walking distance.

Rent Trends

As of September 2026, the average apartment rent in Indianapolis, IN is $1,002 for a studio, $1,126 for one bedroom, $1,335 for two bedrooms, and $1,546 for three bedrooms. Apartment rent in Indianapolis has increased by 0.8% in the past year.

  • Studio

  • 475 sq ft

    Average Sq Ft

  • $1,002/month

    Average Rent

  • 1 BR

  • 700 sq ft

    Average Sq Ft

  • $1,126/month

    Average Rent

  • 2 BR

  • 991 sq ft

    Average Sq Ft

  • $1,335/month

    Average Rent

  • 3 BR

  • 1,296 sq ft

    Average Sq Ft

  • $1,546/month

    Average Rent

Learn More About University of Indianapolis

Getting Around

Fairly Walkable

Walkability

50 / 100

Limited Public Transit

Transit

20 / 100

Exceptionally Drivable

Drivability

90 / 100

Fairly Bikeable

Bikeability

50 / 100

Daily Essentials

Supermarket Within a 15 Minute Walk

Groceries

70 / 100

Good Restaurant Variety Nearby

Restaurants

60 / 100

Limited Café Variety Nearby

Cafes

20 / 100

Fair Variety of Shops Nearby

Shopping

40 / 100

Recreation

Moderate Amount of Park Space Nearby

Parks

50 / 100

Limited Wellness Amenity Variety Nearby

Wellness

20 / 100

Local Vibe

Mostly Calm Atmosphere

Vibrancy

20 / 100

Fair Nightlife Variety Nearby

Nightlife

50 / 100

Fairly Noisy

Quiet Score

70 / 100

Schools

Forest Glen Elementary School

Public

Grades PK-5

971 Students

Paramount Brookside

Public

Grades K-8

803 Students

Merle Sidener Gifted Academy

Public

Grades K-8

300 Students

Paramount Cottage Home

Public

Grades K-5

265 Students

South Creek Elementary School

Public

Grades PK-5

627 Students

Paramount Brookside

Public

Grades K-8

803 Students

Merle Sidener Gifted Academy

Public

Grades K-8

300 Students

Perry Meridian Middle School

Public

Grades 6-8

1,278 Students

Center for Inquiry School 84

Public

Grades K-8

469 Students

Paramount Englewood

Public

Grades K-8

270 Students

Franklin Central High School

Public

Grades 9-12

3,438 Students

Perry Meridian High School

Public

Grades 9-12

2,350 Students

Herron High School

Public

Grades 9-12

981 Students

North Central High School

Public

Grades 9-12

3,682 Students

Ben Davis University High School

Public

Grades 9-12

375 Students

Points of Interest

Parks and Recreation

  • Garfield Park Conservatory and Sunken Gardens
  • Garfield Park
  • Bethel Park
  • Perry Park
  • Christian Park

Commuter Rail

Airports

  • Indianapolis International

Top Apartments Near University of Indianapolis

Houses Near University of Indianapolis

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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 September 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.