2-Bedroom Apartment Rent in Indianapolis, IN
Median asking rent for a 2-bedroom apartment in Indianapolis, Indiana as of June 2026. That's +4% lower than the citywide median of $1,413 and +18% below the national 2-bedroom median of $1,660.
Income needed for a 2-bedroom in Indianapolis
Using the standard 30% rent-to-income guideline (the threshold above which households are considered rent-burdened), here's what you need to earn to comfortably afford a 2-bedroom at the current median rent.
Rent by apartment size in Indianapolis
Compare Indianapolis's median rent across every apartment size.
Cheapest cities for a 2-bedroom in Indiana
| # | City | 2-Bedroom rent |
|---|---|---|
| 1 | East Chicago | $930 |
| 2 | Marion | $930 |
| 3 | New Castle | $930 |
| 4 | Richmond | $940 |
| 5 | Angola | $970 |
| 6 | La Porte | $978 |
| 7 | Muncie | $978 |
| 8 | Kokomo | $990 |
| 9 | Michigan City | $1,020 |
| 10 | Terre Haute | $1,023 |
| 11 | Greencastle | $1,030 |
| 12 | Elkhart | $1,055 |
| 13 | Warsaw | $1,060 |
| 14 | Fortville | $1,065 |
| 15 | Evansville | $1,068 |
Most expensive cities for a 2-bedroom in Indiana
| # | City | 2-Bedroom rent |
|---|---|---|
| 1 | Zionsville | $1,870 |
| 2 | Whitestown | $1,790 |
| 3 | Carmel | $1,783 |
| 4 | McCordsville | $1,620 |
| 5 | Lawrence | $1,620 |
| 6 | Avon | $1,600 |
| 7 | Westfield | $1,580 |
| 8 | Fishers | $1,577 |
| 9 | Granger | $1,540 |
| 10 | Brownsburg | $1,510 |
| 11 | Sellersburg | $1,460 |
| 12 | Munster | $1,450 |
| 13 | Merrillville | $1,440 |
| 14 | Noblesville | $1,415 |
| 15 | Highland | $1,390 |
Nearby cities — 2-bedroom rent
Considering nearby alternatives? 2 of these cities have cheaper 2-bedroom rents than Indianapolis.
| City | Distance | 2-Bedroom rent | vs Indianapolis |
|---|---|---|---|
| Beech Grove, IN | 6.6 mi | $1,220 | $-138 (-10%) |
| Speedway, IN | 7.3 mi | $1,220 | $-138 (-10%) |
| Carmel, IN | 11.7 mi | $1,783 | +$425 (+31%) |
| Greenwood, IN | 12.5 mi | $1,365 | +$7 (+1%) |
| Lawrence, IN | 12.9 mi | $1,620 | +$262 (+19%) |
| Zionsville, IN | 16.2 mi | $1,870 | +$512 (+38%) |
| Brownsburg, IN | 16.7 mi | $1,510 | +$152 (+11%) |
| Westfield, IN | 16.9 mi | $1,580 | +$222 (+16%) |
| Avon, IN | 17.5 mi | $1,600 | +$242 (+18%) |
| Plainfield, IN | 18.1 mi | $1,380 | +$22 (+2%) |
| McCordsville, IN | 18.5 mi | $1,620 | +$262 (+19%) |
| Fishers, IN | 18.8 mi | $1,577 | +$219 (+16%) |
2-Bedroom rent in Indianapolis — common questions
How much is a 2-bedroom apartment in Indianapolis?
As of June 2026, the median 2-bedroom apartment rent in Indianapolis, Indiana is $1,358 per month. This is +4% below the citywide median of $1,413.
What income do you need to afford a 2-bedroom in Indianapolis?
Using the standard 30% rent-to-income rule, you would need an annual income of about $54,320 ($4,527/month gross), which works out to roughly $26.12/hour at a full-time job.
Is Indianapolis expensive for a 2-bedroom compared to the rest of the US?
Indianapolis's 2-bedroom median of $1,358 is +18% below the national 2-bedroom median of $1,660. It ranks in the 29th percentile of US cities tracked.
How does Indianapolis rank for 2-bedroom rent in Indiana?
Among the 61 cities in Indiana with 2-bedroom data, Indianapolis ranks #42 from cheapest to most expensive.
Are there cheaper 2-bedroom options near Indianapolis?
Yes — nearby cities with cheaper 2-bedroom rents include Beech Grove ($1,220), Speedway ($1,220).