4+ Bedroom Apartment Rent in Indianapolis, IN
Median asking rent for a 4+ bedroom apartment in Indianapolis, Indiana as of July 2026. That's +52% higher than the citywide median of $1,411 and +15% below the national 4+ bedroom median of $2,520.
Income needed for a 4+ 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 4+ 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 4+ bedroom in Indiana
| # | City | 4+ Bedroom rent |
|---|---|---|
| 1 | Frankfort | $1,115 |
| 2 | East Chicago | $1,230 |
| 3 | Logansport | $1,230 |
| 4 | New Castle | $1,250 |
| 5 | Angola | $1,290 |
| 6 | Richmond | $1,350 |
| 7 | Marion | $1,370 |
| 8 | La Porte | $1,394 |
| 9 | Kokomo | $1,395 |
| 10 | Crawfordsville | $1,398 |
| 11 | Elkhart | $1,400 |
| 12 | Terre Haute | $1,430 |
| 13 | Mishawaka | $1,440 |
| 14 | Delphi | $1,450 |
| 15 | Goshen | $1,460 |
Most expensive cities for a 4+ bedroom in Indiana
| # | City | 4+ Bedroom rent |
|---|---|---|
| 1 | Zionsville | $2,960 |
| 2 | Whitestown | $2,830 |
| 3 | Carmel | $2,820 |
| 4 | McCordsville | $2,560 |
| 5 | Lawrence | $2,560 |
| 6 | Avon | $2,530 |
| 7 | Westfield | $2,500 |
| 8 | Fishers | $2,480 |
| 9 | Brownsburg | $2,390 |
| 10 | Noblesville | $2,235 |
| 11 | Sellersburg | $2,180 |
| 12 | Plainfield | $2,180 |
| 13 | Greenwood | $2,160 |
| 14 | Indianapolis (this page) | $2,143 |
| 15 | Granger | $2,040 |
Nearby cities — 4+ bedroom rent
Considering nearby alternatives? 2 of these cities have cheaper 4+ bedroom rents than Indianapolis.
| City | Distance | 4+ Bedroom rent | vs Indianapolis |
|---|---|---|---|
| Beech Grove, IN | 6.6 mi | $1,920 | $-223 (-10%) |
| Speedway, IN | 7.3 mi | $1,920 | $-223 (-10%) |
| Carmel, IN | 11.7 mi | $2,820 | +$677 (+32%) |
| Greenwood, IN | 12.5 mi | $2,160 | +$17 (+1%) |
| Lawrence, IN | 12.9 mi | $2,560 | +$417 (+19%) |
| Zionsville, IN | 16.2 mi | $2,960 | +$817 (+38%) |
| Brownsburg, IN | 16.7 mi | $2,390 | +$247 (+12%) |
| Westfield, IN | 16.9 mi | $2,500 | +$357 (+17%) |
| Avon, IN | 17.5 mi | $2,530 | +$387 (+18%) |
| Plainfield, IN | 18.1 mi | $2,180 | +$37 (+2%) |
| McCordsville, IN | 18.5 mi | $2,560 | +$417 (+19%) |
| Fishers, IN | 18.8 mi | $2,480 | +$337 (+16%) |
4+ Bedroom rent in Indianapolis — common questions
How much is a 4+ bedroom apartment in Indianapolis?
As of July 2026, the median 4+ bedroom apartment rent in Indianapolis, Indiana is $2,143 per month. This is +52% higher than the citywide median of $1,411.
What income do you need to afford a 4+ bedroom in Indianapolis?
Using the standard 30% rent-to-income rule, you would need an annual income of about $85,720 ($7,143/month gross), which works out to roughly $41.21/hour at a full-time job.
Is Indianapolis expensive for a 4+ bedroom compared to the rest of the US?
Indianapolis's 4+ bedroom median of $2,143 is +15% below the national 4+ bedroom median of $2,520. It ranks in the 34th percentile of US cities tracked.
How does Indianapolis rank for 4+ bedroom rent in Indiana?
Among the 64 cities in Indiana with 4+ bedroom data, Indianapolis ranks #51 from cheapest to most expensive.
Are there cheaper 4+ bedroom options near Indianapolis?
Yes — nearby cities with cheaper 4+ bedroom rents include Beech Grove ($1,920), Speedway ($1,920).