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Best Places to Rent a Home in Indianapolis in 2024

Looking to rent in Indianapolis? Indiana’s capital offers affordable rental options, fun things to do, nice weather, and a low cost of living—making this a great Midwest city to call home. Check out these five best places to rent a home or apartment in Indianapolis!

Broad Ripple

  • Home Price: $811 median monthly rent
  • Crime Rate: Safer than 3% of Indiana cities
  • Renter-Occupied Homes: 47%
  • Perfect For: Singles, young professionals, families, retirees

Located just north of Downtown Indy and bordering White River is Broad Ripple—an affordable place to rent in Indianapolis. Those living in this laid-back Indy neighborhood can choose from budget-friendly apartments, bungalows, or single-family homes to rent. And whether residents want to go dining on restaurant patios or go for a jog in one of the neighborhood parks, there’s always something to do for every lifestyle. Residents can also stay busy with community events in Broad Ripple Village like the Broad Ripple Farmers Market or the Ripple Effect 5k. And for those with children, good education isn’t hard to find—families have access to private and public schools in Indianapolis like Sidener Academy, Indianapolis Junior Academy, and Bishop Chatard High School.

Things to Do in Broad Ripple

Get your heart pumping with a BRX class or sign your teens up for a fitness class after joining the Broad Ripple Fit Club. See artwork from local and national artists or learn how to work with clay when signing up for a class at the Indianapolis Art Center. Go swimming, take the dog on a walk through the 10 Acre Woods, or play a game of pickleball at Broad Ripple Park. Go shopping for gently-used records, CDs, cassettes, and more at Indy CD & Vinyl—Indianapolis’ best record store! Start your morning with a Peachy Keen Smoothie, White Mocha, or Chai Tea from the Monon Coffee Co. Devour brunch dishes like Baklava Stuffed French Toast, Gyros Burrito, or Falafel & Eggs at the Canal Bistro. Enjoy Freshly Smoked Wings, Pulled Pork Pie Pizza, or Chicken Piccata when you stop by Binkley’s Kitchen & Bar. Or treat yourself to a scoop or two of the Cotton Candy Confetti, Grasshopper, or Broad Ripple Blackberry ice cream from BRICS, located in the historic Monon Rail Station!

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Downtown Indianapolis

  • Home Price: $811 median monthly rent
  • Crime Rate: Safer than 3% of Indiana cities
  • Renter-Occupied Homes: 47%
  • Perfect For: Singles, young professionals, families, retirees

If you’re wanting to live in Indianapolis’ city center, consider renting an apartment or condo in Downtown Indy! Known as Mile Square, Downtown is home to Indianapolis districts like the Wholesale District, Fountain Square, or Market East. That means Mile Square offers tons of things to do in addition to job opportunities, making it a fantastic Indianapolis neighborhood for singles and young professionals in particular. And since Downtown Indianapolis is a highly-walkable area, Indy residents won’t have to go far for restaurants, grocery stores, and local attractions such as the Soldiers and Sailors Monument in Monument Circle or the green space at White River State Park!

Things to Do in Downtown Indianapolis

Watch the Indianapolis Colts (NFL) score a touchdown at Lucas Oil Stadium, or catch an Indianapolis Indians (MiLB) home-run hit at Victory Field. Honor the Hoosier veterans of World War I, visit the USS Indianapolis (CA35) Radio Room, or see exhibits showcasing military equipment, vehicles, and more at the Indiana War Memorial & Museum. Immerse yourself in the art collections and artifacts of the West and Native Americans dating back to the 1820s at the Eiteljorg Museum. Try a Lil Piggy Corn Cake Stack or “Everything” Cake Donuts paired with a Melon Berry Cooler or Nutella Mocha Smoothie at Conner’s Kitchen and Bar. Eat the Slippery Noodle Sticks, Mango Habanero Wings, or Christmas Nachos at the Slippery Noodle Inn, Indiana’s oldest bar! Enjoy Bavarian delicacies like the Hot Wurst Platte, Schnitzel, or Schlacht Platte at The Rathskeller—and attend concerts or events at the Rathskeller Biergarten on the weekends! Or try food from a variety of different vendors like J’s Lobster & Fish Market, Palavana Cubano, and Mama Fofo’s at The Garage, a trendy Indianapolis food hall.


  • Home Price: $857 median monthly rent
  • Crime Rate: Safer than 52% of Indiana cities
  • Renter-Occupied Homes: 42%
  • Perfect For: Singles, young professionals, families, retirees

Looking for an affordable, safe Indianapolis suburb to call home? Check out Greenwood! Located southeast of Indianapolis, this suburb offers great rental choices ranging from apartments to single-family homes nearby excellent schools in the Greenwood Community School Corporation. Those living in this Johnson County suburb will also have access to plenty of things to do, from attending concerts at the Greenwood Amphitheater to participating in community events like the Greenwood Pickleball Open or Movies in the Park.

Things to Do in Greenwood

Practice your swing at the driving range, play a game of mini golf, or hit the batting cages at Otte Golf & Family Fun Center. Spend the day shopping at popular stores like LOFT, Von Maur, or Macy’s at Greenwood Park Mall. Have fun going down body slides, relax while floating down the lazy river, or watch the little ones play on the splash pad at Freedom Springs Aquatics Park. Lift some weights in the gym, play a game of pickleball, or let the kids spend the day playing in KiD CiTY after becoming a member at the Greenwood Community Center. Go out for a date night and share the Crab Cake Bruschetta, Scottish Salmon, or Meatloaf paired with Farro Risotto and Braised Cabbage at Revery. Order the Tenderloin Sandwich, Pulled Pork Platter, or Hawaiian Delight pizza at Main St. Grille. Try speciality pizzas like the Luau or Lasagna Pizza—or make your own—at Jockamo Upper Crust Pizza. Or enjoy classic Thai dishes like Thom Yum Soup, Pineapple Fried Rice, and Red Curry at Thai Spice.

Near Northside

  • Home Price: $811 median monthly rent
  • Crime Rate: Safer than 3% of Indiana cities
  • Renter-Occupied Homes: 47%
  • Perfect For: Singles, young professionals, families, retirees

If you’re looking to live in a quiet Indianapolis neighborhood that’s close to the city center, consider renting a home in Near Northside, located only about 15 minutes from the downtown area! Residents living in this Marion County neighborhood will find a variety of Tudor homes, duplexes, and apartments with green yards along tree-lined streets, and Indy residents can stay busy with neighborhood events like the Talbot Street Art Fair. And Near Northside is a great place to rent a home in Indianapolis for those working in the medical field, thanks to its proximity to Indiana University Methodist Hospital.

Things to Do in Near Northside

See local productions of musicals such as The Bodyguard or Guys & Dolls at Footlite Musicals. View a variety of artwork from local artists, participate in programs like Storytelling Drawing Sessions, or attend annual events like PreEnact Indy at the Harrison Center. Explore historical exhibits and artifacts about America’s 23rd president, walk the gardens, or see a production at the Candlelight Theatre while visiting the Benjamin Harrison Presidential Site. Play a game of soccer, walk the Monon Trail, and more at the O’Bannon Old Northside Soccer Park. Enjoy breakfast favorites like Deep Fried Croissant French Toast, Homestyle Breakfast, or Chicken & Waffles with all-day breakfast at The Grub House. Chow down comfort food like Loaded Baked Potato Fries, Swissy That Walk Burger, or a Large Mac & Cheese paired with a Chocolate Milk Shake from Baby’s. Dig into Grapefruit Salad, Mushroom Stroganoff, or White Bean Fricassee & Shrimp at Tinker Street. Or try the Seaweed Salad, Veggie Hibachi, or Tofu Yakisoba from Isuka Hibachi Express and Sushi.


  • Home Price: $726 median monthly rent
  • Crime Rate: Safer than 21% of Indiana cities
  • Renter-Occupied Homes: 57%
  • Perfect For: Singles, young professionals, families, retirees

Part of Wayne Township, the Town of Speedway is a great suburb for renters to call home in the Indianapolis metro. Home to the Indianapolis Motor Speedway, there’s always something to keep residents busy—whether you’re attending one of racing’s biggest events or trying racing yourself! But that’s not all this Indianapolis suburb has to offer. Indianapolis residents renting here will find that prices are very reasonable, and there are many apartment homes and houses for rent along tree-lined streets. And families living in Speedway can feel confident sending their kids to Speedway schools like James A. Allison Elementary School, Frank H. Wheeler Elementary School, and Speedway Senior High School.

Things to Do in Speedway

Become a member at Brickyard Crossing to play 18 holes, sign up for the Golf Academy, and grab a bite to eat. Attend the Indy 500 or the GMR Grand Prix at the Indianapolis Motor Speedway. See racing vehicles and artifacts from the Indianapolis 500, NASCAR, Formula One, and more at the Indianapolis Motor Speedway Museum. Play a game of sand volleyball, watch the kiddos go down the slides, or have a picnic at Meadowood Park. Practice your racing time on the road course or oval course and sign the kids up to participate in the SIK Junior Racing League at Speedway Indoor Karting. Stop for lunch like a Honey Sriracha Chicken Sandwich, BBQ Pulled Pork Nachos, or Wisconsin Grilled Cheese and Soup at Dawson’s on Main. Enjoy Irish dishes like Bangers and Mash, Fish & Chips, or Irish Meatloaf at O’Reilly’s Irish Pub & Restaurant. In the mood for BBQ in Indianapolis? Enjoy Memphis traditional wood-smoked bbq dishes like a full slab of St. Louis Ribs, a Pulled Pork Sandwich, or Glazed Chicken at Barbecue and Bourbon. Or get a table and order the Queso Fundido, Quesadilla Rellena, or Chiles Poblanos at El Rodeo 5.


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Neighborhood and suburb statistics from AreaVibes

About Mike Beutler

Mike Beutler is a writer and digital content specialist who transitioned to self storage in 2020 after several years in the airline industry. His travels cultivated a passion for exploring cities across the U.S. and abroad and inspired him to learn more about practical insights for urban living. With 14 moves under his belt, both locally and cross-country, he also has a passion for minimalism and organization, and sharing tips to help others make any space feel like home while staying organized.