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Average Rent in Center, Indianapolis, IN

Home  »  IN  »  Indianapolis  »  Center

Current Versus Historical Center, Indianapolis, IN Rents

Center rentals average $787 for a studio rental to $2,300 for a 4-bedroom rental. The median price of all currently available listings is $995, or roughly $1 per square feet.
For the apartment units and housing in April 2024, median rents have fallen substantiallyover the last year. Studio rentals prices have decreased by $661 (-44.48%) year-over-year from $1,486 to $825. 1-bedroom rentals prices have decreased by $790 (-45.40%) year-over-year from $1,740 to $950. 2-bedroom rentals prices have decreased by $1,366 (-44.18%) year-over-year from $3,091 to $1,725. 3-bedroom rentals prices have decreased by $167 (-8.70%) year-over-year from $1,917 to $1,750. 4-bedroom rentals prices have increased by $60 (4.80%) year-over-year from $1,241 to $1,300. 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 down by 3.66% this month. 1-bedroom rents have gone down by 26.20% this month. 2-bedroom rents have gone down by 39.46% this month. 3-bedroom rents have gone up by 7.14% this month. 4-bedroom rents have gone up by 16.42% this month.
Beds
Price / Sqft
 Apr 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $1.89 $825 $1,486 (-44.48%) $1,615 (-48.92%)
1 BR $1.09 $950 $1,740 (-45.40%) $1,208 (-21.38%)
2 BR $1.21 $1,725 $3,091 (-44.18%) $2,096 (-17.69%)
3 BR $1.12 $1,750 $1,917 (-8.70%) $1,071 (63.45%)
4+ BR $1.00 $1,300 $1,241 (4.80%) $917 (41.82%)

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 $1,323 per month. Our records show that Indianapolis, IN, with an average rent of $1,323, 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 $1,323 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 8.89% more expensive than other cities nearby. One bedrooms are about 5.07% more affordable. Two bedrooms in Center, Indianapolis, IN are about 7.32% more affordable. Finally, rent for three bedrooms are about 13.14% more affordable. Want more information? Check out the top 1 cities near Center, Indianapolis, IN in the following chart.
City Studio 1 Bed 2 Bed All
Indianapolis, IN $717 $788 $1,100 $1,323

Top Neighborhoods Near Center



View the following chart for more information.
Neighborhood Studio 1 Bed 2 Bed All

Top Counties Near Center



We've listed all of these counties in the chart below.
County Studio 1 Bed 2 Bed All

Top Zipcodes Near Center



You can view the average rent breakdown for each zipcode by bedroom size.
Zipcode Studio 1 Bed 2 Bed All

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 $995. 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 $787 and an average price per square feet of $1.89. There are a total of 2 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 $750 and an average price per square feet of $1.09. There are a total of 23 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 $1,025 and an average price per square feet of $1.21. There are a total of 37 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 -0.44%, one bedroom rental prices have changed by -0.45%, two bedroom rental prices have changed by -0.44%, and three bedroom rental prices have changed by -0.09% year-over-year.
What is a reasonable rent price in Center, Indianapolis, IN?
A reasonable rent price in Center, Indianapolis, IN is around $796/month. You can search for these reasonably priced rental listings on RentHop.
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