Property prices for rent in Indianapolis (Indiana)

The rent prices in real estate in Indianapolis, in the Indiana region have risen considerably in the last couple of months. There has been a strong rise in the rent prices this city.

$1,236
Average price last 6 months
$10.61
Price/sq.feet last 6 months
Average price per sq.feet

The price per sq.feet in Indianapolis has risen strongly during the last 6 months. In November, the average price per sq.feet was $8.74. In the following month the price per sq.feet rose considerably to $10.94. The price for the following two months in (January, February) had a considerable rise of 125 %. The price per sq.feet has fallen 87 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $11.07 to $9.68 during March, and April.

Average price

When referring to the price in Indianapolis (cities), this has fallen in the last 6 months. In our first sample month during November, the average price is $1,330. In December This price remains at $1,350. During the following two months (January, February) the average price fell 90 % with regard to the previous two months. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 91 %, going from $1,276.25 to $1,155.5 in March and April.

Average price per bedrooms

The graph displaying the average rent price for bedrooms illustrates that those properties with 1 bedroom are the most affordable ones. At a price of $1,174 they are 5 % more affordable than the average price for Indianapolis . The properties with the highest average price have 4 bedrooms, Their price is 29 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,401.

With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $0.83 / sq.feet, with an average $5.8 / sq.feet price in Indianapolis. The properties with the most expensive average prices have 2 bedrooms. They are 83 % more expensive than the average followed by properties with 1 bedroom with a price at $6.73 / sq.feet.

Price per property type

The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $1,174 it is 8 % more affordable than the average price in Indianapolis. "" is seen as the second most affordable property type. The most expensive property type is "Townhouse" followed by "Condo". At a price of $1,352 it is 42 % more expensive than the average price.

According to the average cost per sq.feet, the most affordable property is "Condo" at an average price of $1 / sq.feet followed by "House" priced at $1.32 / sq.feet. "Townhouse" is the most expensive type of property with a $109.57 / sq.feet value followed by "House" with an average price of $1.32 / sq.feet.

Charts data
Average price April
Average price per sq.feet April
Number of properties used in Indianapolis
Number of properties used in region Indiana
$1,174
$5.8
18,858
61,290
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value
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