Average Rent in Center, Indianapolis, IN

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Current Versus Historical Center, Indianapolis, IN Rents

Center rentals average $750 for a studio rental to $1,050 for a 4-bedroom rental. The median price of all currently available listings is $1,325, or roughly $16 per square feet.

For the apartment units and housing in August 2026, median rents have fallen substantially over the last year. Studio rentals prices have decreased by $664 (-46.95%) year-over-year from $1,414 to $750. 1-bedroom rentals prices have decreased by $1,711 (-66.42%) year-over-year from $2,576 to $865. 2-bedroom rentals prices have decreased by $2,103 (-59.19%) year-over-year from $3,553 to $1,450. 3-bedroom rentals prices have decreased by $2,250 (-62.94%) year-over-year from $3,575 to $1,325. 4-bedroom rentals prices have increased by $73 (7.51%) year-over-year from $977 to $1,050. Note that this figure includes all active and rented listings throughout the month.

Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone up by 9.36% this month. 1-bedroom rents have gone up by 2.73% this month. 2-bedroom rents have gone up by 1.16% this month. 3-bedroom rents have gone up by 1.27% this month. 4-bedroom rents have gone up by 0.32% this month.

Beds	Price / Sqft	Aug 2026 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$21.92	$750	$1,414 (-46.95%)	$1,368 (-45.18%)
1 BR	$18.86	$865	$2,576 (-66.42%)	$1,771 (-51.17%)
2 BR	$14.09	$1,450	$3,553 (-59.19%)	$3,452 (-57.99%)
3 BR	$16.27	$1,325	$3,575 (-62.94%)	$2,978 (-55.51%)
4+ BR	N/A	$1,050	$977 (7.51%)	$1,116 (-5.87%)

Historical Rents in Center, Indianapolis, IN

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Center

There are a total of 1 cities nearby Center. The average rent in Center is currently $1,195 per month. Only one city nearby has an average rent lower than that. Our records show that Indianapolis, IN, with an average rent of $1,195, is the most affordable city nearby. In contrast, the most expensive city near Center, Indianapolis, IN is Indianapolis, IN. Monthly rents here are on average $1,195 per month.

Let's compare Center, Indianapolis, IN's rent against other top cities nearby by bedroom size. Typically, rent for studios in Center, Indianapolis, IN is 3.33% more expensive than other cities nearby. One bedrooms are about 1.44% more expensive. Two bedrooms in Center, Indianapolis, IN are on par with the other cities nearby. Finally, rent for three bedrooms are about 1.79% more expensive. Want more information? Check out the top 1 cities near Center, Indianapolis, IN in the following table.

City	Studio	1 Bed	2 Bed	All
Indianapolis, IN	$725	$858	$1,500	$1,195

Top Neighborhoods Near Center

Neighborhood	Studio	1 Bed	2 Bed	All

Top Counties Near Center

County	Studio	1 Bed	2 Bed	All

Top Zipcodes Near Center

There are a total of 2 zipcodes in or near Center, Indianapolis, IN. The average rent for all of these zipcodes is $2,026.

Studios in these zipcodes have an average rent of $1,285. That's at least $23 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near Center, Indianapolis, IN is $1,461 per month. Or in other words, $21 per sqft. Meanwhile, two bedroom apartments will cost you an average of $2,323 per month. Which comes out to $14 per sqft. The following table includes the top 2 zipcodes in Center, Indianapolis, IN. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
46204, Indianapolis, IN	$1,797	$2,057	$3,121	$2,551
46202, Indianapolis, IN	$773	$865	$1,525	$1,500

Frequently Asked Questions - Center Average Rents

What is the average rent price in Center, Indianapolis, IN?

The average monthly rental price for Center, Indianapolis, IN apartments for rent is approximately $1,325. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do Center, Indianapolis, IN rent prices drop in winter?

Yes! On average we see a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment for rent in Center, Indianapolis, IN.

How much is a studio apartment in Center, Indianapolis, IN?

The average monthly rental price for studio apartments is $750 and an average price per square feet of $21.92. There are a total of 9 studio apartment listings currently available for rent in Center.

How much is a one bedroom apartment in Center, Indianapolis, IN?

The average monthly rental price for one bedroom apartments is $870 and an average price per square feet of $18.86. There are a total of 28 one bedroom apartment listings currently available for rent in Center.

How much is a two bedroom apartment in Center, Indianapolis, IN?

The average monthly rental price for two bedroom apartments is $1,500 and an average price per square feet of $14.09. There are a total of 57 two bedroom apartment listings currently available for rent in Center.

How have rent prices in Center, Indianapolis, IN changed this year?

Rent prices for rentals in Center, Indianapolis, IN can fluctuate yearly. Specifically, studio rental prices have changed by -0.47%, one bedroom rental prices have changed by -0.66%, two bedroom rental prices have changed by -0.59%, three bedroom rental prices have changed by -0.63% year-over-year.

What is a reasonable rent price in Center, Indianapolis, IN?

A reasonable rent price in Center, Indianapolis, IN is around $1,060/month. You can search for these reasonably priced rental listings on RentHop.