The water tower of Meadowood Park is another iconic sight in Speedway.
Speedway is just minutes from downtown and is home to the Indianapolis Motor Speedway.
Meadowood Park is a great place for Speedway locals to spend an afternoon outdoors.
Speedway locals can experience the thrill of seeing the race cars parade down Main Street.
Restaurants and bars along Main Street in Speedway are perfect places to enjoy the events.

Speedway, IN Area Guide

Avg Rent

$966

Population

13,383

Renter Mix

56% Rent

A local treasure with an international reputation

Suburban Close-Knit Welcoming

Situated about five miles northwest of Indianapolis, Speedway is the proud home of the famous Indianapolis Motor Speedway—the Racing Capital of the World. Speedway also boasts a welcoming community, small-town spirit, and one of the highest rated public school districts in the state.

Speedway contains a vibrant Main Street, teeming with restaurants, shops, family-friendly entertainment, and more within a short walk from “the track.” A broad range of parades, festivals, and special events foster a sense of community and civic pride in Speedway.

Big-city amenities are within close proximity to Speedway as well, including the Indianapolis Zoo, Indiana State Museum, and Lucas Oil Stadium. Access to several major highways like I-465, I-74, and I-70 as well as Indianapolis International Airport makes commuting and traveling from Speedway easy.

Explore the City

Meadowood Park is a great place for Speedway locals to spend an afternoon outdoors.

Speedway locals can experience the thrill of seeing the race cars parade down Main Street.

Restaurants and bars along Main Street in Speedway are perfect places to enjoy the events.

Speedway locals get the chance to get up close and personal with race cars during the season.

Speedway Senior High prepares Speedway teens to achieve great things as they graduate.

Speedway locals have easy travel access around Indianapolis with quick interstate access.

Demographics

Median Household Income

$53,063

Average: $68,927

Education

3,374

Residents Have a Degree

Job Market

6,606

Workers Employed

Age Distribution
Get a sense of this area's population profile.

Median Age

36 Years

Largest Age Group

25-34 Years

Approximately 16% of Residents

Under 20

26%

Over 65

15%

Housing Distribution

Speedway has more renters than homeowners.

Renters
56%
Non-Renters
44%

Education Distribution

Review this city's overall education levels.

Bachelor's or Higher
22%
Other Education
78%

Rent Trends

As of September 2026, the average apartment rent in Speedway, IN is $772 for a studio, $966 for one bedroom, $1,154 for two bedrooms, and $1,608 for three bedrooms. Apartment rent in Speedway has decreased by -0.2% in the past year.

Property Type
Average Rent
Average Sq Ft
Apartment
$966/month
639 Sq Ft
House
$1,684/month
1,470 Sq Ft
See Rental Market Trends in Speedway, IN

Learn More About Speedway

Getting Around

Fairly Walkable

Walkability

50 / 100

Limited Public Transit

Transit

30 / 100

Exceptionally Drivable

Drivability

100 / 100

Fairly Bikeable

Bikeability

50 / 100

Schools

Frank H Wheeler Elementary School 4

Public

Grades K-5

311 Students

James A Allison Elementary School 3

Public

Grades K-5

249 Students

Arthur C Newby Elementary School 2

Public

Grades K-5

223 Students

Carl G Fisher Elementary School 1

Public

Grades PK-5

127 Students

Speedway Junior High School

Public

Grades 6-8

264 Students

Speedway Senior High School

Public

Grades 9-12

602 Students

Points of Interest

Parks and Recreation

  • Thatcher Park
  • Municipal Gardens
  • Krannert Park
  • Riverside Park
  • Nina Mason Pulliam EcoLab

Commuter Rail

Airports

  • Indianapolis International

Top Apartments in Speedway

Houses for Rent in Speedway

Search Nearby 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 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.