Average Rent in Indianapolis (2026 Estimate)
| Bedroom Type | Median Rent |
|---|---|
| Studio | $800 |
| 1 Bedroom | $1,050 |
| 2 Bedroom | $1,400 |
| 3 Bedroom | $1,850 |
Estimated market data based on HUD 2026 and Zillow 2026. For reference only.
Security Deposit Laws in Indiana
No state limit; typical 1 month
Always confirm with your landlord or property manager, as local city ordinances in Indianapolis may provide additional protections.
Estimated Monthly Utilities in Indianapolis
On average, basic utilities (electricity, heating, cooling, water, garbage) for an 85m² apartment in Indianapolis cost approximately $180 per month.
Internet (60 Mbps+) costs approximately $65 per month.
Total Estimated Monthly Cost in Indianapolis
For a 1-bedroom apartment, your estimated total monthly cost is:
Rent $1,050 + Utilities $180 + Internet $65 = $1,295
For a 2-bedroom apartment:
Rent $1,400 + Utilities $180 + Internet $65 = $1,645
Rent Affordability Tip for Indianapolis
A common rule of thumb is to spend no more than 30% of gross monthly income on rent.
To afford the median 1-bedroom rent of $1,050 in Indianapolis, you should earn at least $3,499 per month ($41,988 per year) before taxes.
Use Our Free Rent Affordability Calculator →Moving to Indianapolis? Estimate Your Total Move-In Cost
Beyond the first month's rent, you'll typically need to pay a security deposit, possibly last month's rent, and moving expenses.
Calculate Move-In Cost →Frequently Asked Questions About Renting in Indianapolis
The estimated median rent for a 1-bedroom apartment in Indianapolis is approximately $1,050 per month as of 2026.
Basic utilities for an average apartment in Indianapolis are estimated at $180 per month, plus about $65 for internet.
Following the 30% rule, you should earn at least $41,988 per year to comfortably afford the median 1-bedroom rent in Indianapolis.