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Indianapolis apartment rents ease in August as market stabilization continues

Slower construction, steady demand helped pricing despite a late-summer dip
220 Meridian in Downtown Indianapolis opened its doors in 2022. (CoStar)
220 Meridian in Downtown Indianapolis opened its doors in 2022. (CoStar)
CoStar Analytics
September 14, 2026 | 5:53 P.M.

Indianapolis apartment asking rents eased slightly in August, ending a stretch of summer gains while still outpacing year-ago levels. Average asking rents slipped 0.1% from July to $1.48 per square foot, remaining 1.1% higher than a year earlier.

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