Indianapolis, Indiana Apartment Market

September 25, 2008 | 1 Comment

Indianapolis is the capital of Indiana. It is Indiana’s largest city and, according to Wikipedia, is the second most populous state capital (behind Phoenix, AZ). Greater Indianapolis has seen moderate growth which could be explained by the low business costs attracting a variety of companies to the area, in essence increasing the number of jobs available. The climate is typical to most Midwest cities, summers are hot and humid, spring and autumn are usually pleasant with unpredictable temperature ranges and winters are cool to cold (freezing). 

Indianapolis prides itself on its rich cultural heritage. It has many cultural districts such as Broad Ripple Village, Massachusetts Avenue and Fountain Square to name a few. Many festivals and events take place in this great city; one of the most popular being the Indianapolis 500.

Did you know?

The center of Indianapolis is Monument Circle? It’s a traffic circle at the intersection of Meridian and Market streets that features the Soldiers’ and Sailors’ Monument. This monument is depicted on the city’s flag and is generally considered to be Indianapolis’ symbol! Find off-base military housing in Indianapolis, IN here.

With all these great attractions, it’s no wonder businesses are looking to relocate here. What a great area for apartment renters to be moving to as well. With the available employment positions predicted to increase, builders are forecasted to bring 900 units online in 2008[1], allowing for the supply to meet the demand.

Finding Apartments in Indianapolis, INSo whether you’re currently living in an Indianapolis apartment and looking to move or are planning to relocate to the city soon now does appear to be a good time. If you visit ForRent.com you’ll see a few of Indianapolis’ neighborhoods that have apartments for rent: Avon, Beech Grove,  Camby, Castleton,  Clermont, Cumberland, Eagle Creek, Franklin, Nora, Mooresville, Oaklandon and  Southport. These listings will give you a indepth view of the apartment community and the surrounding area with our video as well as allow instant contact with the property managers. And if you don’t see a specific neighborhood listed here it doesn’t mean we don’t have it; check out our Apartments For Rent in Indianapolis, IN online and view a wide range of apartment communities there!

Search for Apartments by College or UniversityForRent.com helps students find off-campus housing located near their College or University. Check out some of the student housing available near the following Indianapolis, IN Colleges and Universities:

Purdue University Median gross rent for renter-occupied housing units is $614 per month2

Ball State University Median gross rent for renter-occupied housing units is $449 per month2

Indiana University-Bloomington Median gross rent for renter-occupied housing units is $557 per month2

Indiana State University Median gross rent for renter-occupied housing units is $430 per month2

Butler UniversityUniversity of Notre Dame

Get more information and search tips on Indianapolis Apartments, or view all Apartments for Rent in Indianpolis, IN.







[1] Real Estate Investment Research, 2008 National Apartment Report by Marcus & Millichap Real Estate Investment Services.

2 Research from National Multi Housing Council

Category: Apartment Searching