Forbes ranked Indianapolis as the top city for renters in 2017, and rightfully so. The city offers best-in-class luxury at moderate prices, excellent amenities and activities all can enjoy. Indianapolis’ rich auto racing and amateur sports roots, burgeoning finance and insurance industries and the largest children’s museum on Earth add to the city’s appeal to new residents.
If you are entertaining a move to The Circle City, we can help you find the best neighborhood to meet your needs.
We combed through Google data using generic keyword searches and combined those results with the most searched Indianapolis neighborhoods on ApartmentGuide.com to determine the five most popular Indianapolis neighborhoods with renters.
Most Popular Indianapolis Neighborhoods
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Here is a quick overview of each neighborhood and what you’d expect to pay for rent in each area.
1. Fountain Square
Listed in the National Register of Historic Places since 1983, Fountain Square offers unique restaurants, arts, live entertainment and a young professional atmosphere. This growing Indianapolis neighborhood is subdivided into three historic districts: Virginia Avenue District, Laurel and Prospect District, and State and Prospect District. Accessibility of neighborhood support services makes Fountain Square optimal for families, couples and professional singles, who crave reasonable rents and posh nightlife.
| Property Size | Fountain Square Average | Indianapolis Average |
|---|---|---|
| 1 BR | $1,273 | $878 |
2. West Side
West Side is one of Indianapolis’ older neighborhoods comprised of working-class families and heavy industry. The area’s growth in the tech and finance sectors has transformed this tradition-rich neighborhood into one of Indy’s most desired places to live. It is close to Indianapolis Motor Speedway and provides lots of activities and entertainment options. Another plus: its one-bedroom rentals are lower than the city average.
| Property Size | West Side Average | Indianapolis Average |
|---|---|---|
| 1 BR | $742 | $878 |
3. Downtown
Home to corporate offices, government headquarters, the Indianapolis Colts and an array of tourist attractions, this section of town has been growing in popularity over the past decade. Often referred to as “Mile Square,” Downtown embodies a bustling urban vibe that attracts professionals and singles looking for unique restaurants and shops, a variety of entertainment and a sprawling park for outdoor activities. Accessibility comes with a hefty price tag, as rental prices are significantly above the city average.
| Property Size | Downtown Average | Indianapolis Average |
|---|---|---|
| 1 BR | $1,502 | $878 |
4. Irvington
This 545-acre district offers spectacular Victorian homes that attract families looking to reside in another historic area of Indianapolis. Designated a historic landmark in 1987, Irvington is five miles east of Downtown and is home to Butler University, The Irvington Theatre, numerous churches and prominent early education facilities. This beautiful and affordable neighborhood is also known for its annual Halloween Festival, which attracts locals and visitors alike.
| Property Size | Irvington Average | Indianapolis Average |
|---|---|---|
| 1 BR | $625 | $878 |
5. Crooked Creek
Families looking for city living with a small-town twist flock to Crooked Creek, where friendly neighbors and IndyGo transit make life convenient and peaceful. Neighborhood associations, education and numerous shopping options make this Northwest Indianapolis hotspot an option worth exploring. Potential renters are close to the 465 Freeway, Indianapolis International Airport and many concerts and sporting venues.
| Property Size | Crooked Creek Average | Indianapolis Average |
|---|---|---|
| 1 BR | $677 | $878 |
The rent information included in this article is based on current rental property inventory on ApartmentGuide.com and is used for illustrative purposes only. The data contained herein do not constitute financial advice or a pricing guarantee for any apartment.