Apartments in Lexington Farms Indianapolis

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1
3D Tour
$1,799
8534 Bravestone Way Indianapolis, IN
3 BR | Ask for Availability
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Dog Friendly
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House
Dishwasher
1
3D Tour
$1,579
2302 Layton Park Drive Indianapolis, IN
3 BR | Ask for Availability
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Dog Friendly
Cat Friendly
House
Dishwasher
1
3D Tour
$1,529
10738 Tedder Lake Drive Indianapolis, IN
3 BR | Ask for Availability
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Dog Friendly
Cat Friendly
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Dishwasher
8
$1,195
231 Legends Creek Way Indianapolis, IN
2 BR | Available Now
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House
Air Conditioning
Storage
Dishwasher
11
$840 - 895
7980 Dunston Drive Indianapolis, IN
1 BR | Available Now
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Dog Friendly
Cat Friendly
Luxury
Section 8
Air Conditioning
1
$2,400
Indianapolis, IN
5 BR | Available Now
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House
1
$950
Indianapolis, IN
2 BR | Available Now
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Dog Friendly
Cat Friendly
Storage
17
$1,799
Indianapolis, IN
3 BR | Ask for Availability
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Dog Friendly
Cat Friendly
House
Air Conditioning
Balcony/Deck/Patio
14
$850
9120 E. 10Th Street Indianapolis, IN
2 BR | Available Now
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Cat Friendly
Balcony/Deck/Patio
0
$825
Indianapolis, IN
2 BR | Ask for Availability
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8
$1,800 - 1,895
Indianapolis, IN
4 BR | Jan. 1, 2100
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Dog Friendly
Cat Friendly
Dishwasher
6
$780
Indianapolis, IN
3 BR | Available Now
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Furnished
Dog Friendly
Cat Friendly
Student
Virtual Tour
24
$1,695
Indianapolis, IN
3 BR | Ask for Availability
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1
3D Tour
$1,849
2613 Harshaw Court Indianapolis, IN
4 BR | Ask for Availability
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Dog Friendly
Cat Friendly
House
Dishwasher
1
$865
Indianapolis, IN
1 BR | Ask for Availability
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23
$875
7036 E 10th St Indianapolis, IN
2 BR | Available Now
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Indianapolis:
December Rent Report

Welcome to the December 2024 Indianapolis Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the December 2024 key findings and figures for the Indianapolis rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Indianapolis and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Indianapolis average rent prices in the chart below.

Monthly Rent Report

$1,350
$1,010
$680
$340
$0
Jan. 2024
Feb. 2024
Mar. 2024
Apr. 2024
May. 2024
Jun. 2024
Jul. 2024
Aug. 2024
Sep. 2024
Oct. 2024
Nov. 2024
Dec. 2024
1 BR       2 BR

Indianapolis Rent Prices Increase From November to December

Indianapolis rent prices increased over the last month. From November to December, the city experienced a 0.38% increase for the price of a one-bedroom apartment. The rent price for a Indianapolis one-bedroom apartments currently stands at $1,045.0.

When we take a look at the two-bedroom comparison from November to December, Indianapolis experienced a 0.74% increase for the price of a two-bedroom apartment. The rent price for a Indianapolis two-bedroom apartments currently stands at $1,232.0.

December Prices: Indianapolis vs. Surrounding Areas

Whitestown, IN
Carmel, IN
Greenwood, IN
Plainfield, IN
Noblesville, IN
Westfield, IN
Indianapolis, IN
$1,654
$1,586
$1,520
$1,503
$1,424
$1,233
$1,041
$0
$550
$1,100
$1,650
$2,200
Median 1 BR Rent

Rent Prices in Indianapolis and Surrounding Areas

Rent prices have increased in Indianapolis over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 2 of the Indianapolis suburbs increased last month. On the other hand, 4 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rent increased in Plainfield, IN, Westfield, IN .

  • Rent decreased in Carmel, IN, Greenwood, IN, Whitestown, IN, Noblesville, IN.

  • 6 suburbs are currently priced higher than the city of Indianapolis.

December 2024 Pricing Trends: Indianapolis vs. National Comparisons

New York, NY
San Francisco, CA
Los Angeles, CA
Washington, DC
Chicago, IL
Columbus, OH
Minneapolis, MN
Pittsburgh, PA
Indianapolis, IN
$4,134
$3,160
$2,389
$2,353
$1,914
$1,318
$1,255
$1,234
$1,041
$0
$1,350
$2,700
$4,050
$5,400
Median Rent

Indianapolis Rent Prices More Affordable Than Major Cities

Rent growth in Indianapolis over the past year has been on the rise. When compared to major cities nearby, along with some of the most expensive cities in the country, Indianapolis average rent prices appear to be relatively affordable for local residents.

The price for a Indianapolis one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

For more information about Indianapolis and surrounding area rent prices, take a look at the complete data set below.

Data set for Indianapolis and suburbs

1 BR December 1 BR M/M % Change 2 BR December 2 BR M/M % Change
Indianapolis, IN $1,041.0 2.16% $1,223.0 1.33%
Carmel, IN $1,586.0 -0.06% $2,164.0 -0.46%
Greenwood, IN $1,520.0 -3.37% $1,763.0 -2.97%
Whitestown, IN $1,654.0 -2.01% $1,714.0 -3.60%
Noblesville, IN $1,424.0 0.00% $1,761.0 0.06%
Plainfield, IN $1,503.0 0.20% $1,695.0 -2.25%
Westfield, IN $1,233.0 1.15% $1,453.0 -2.81%

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.