Marion County
Indianapolis core, southside neighborhoods, and close-in rental markets.
- Indianapolis
- Southport
- Beech Grove
- Lawrence
- Speedway
Homes for Rent
Downtown Indianapolis Homes for Rent
This page covers rentals in downtown Indianapolis's core — the Mile Square and the neighborhoods immediately around it (ZIP codes 46202, 46204, and 46225) — separate from the wider Indianapolis metro covered on Red Door's main Indianapolis page. It's the densest, most walkable rental market Red Door manages: government and corporate offices, hospitals, and universities draw a renter base looking to be close to work without a car, and the housing stock reflects that.
Currently Available Downtown
Live listings pull directly from Red Door's RentEngine feed.
$795/mo
1337 East Market Street #5
1 bd · 1 ba · 480 sq ft
Dogs and cats allowedView details →
$795/mo
1329 East Market Street #2
1 bd · 1 ba · 480 sq ft
Dogs and cats allowedView details →
$795/mo
1337 East Market Street #9
1 bd · 1 ba · 480 sq ft
Dogs and cats allowedView details →
$795/mo
1337 East Market Street #3
1 bd · 1 ba · 480 sq ft
Dogs and cats allowedView details →
Downtown Indianapolis Rentals on the Map
Every Red Door listing, mapped around Downtown Indianapolis.
Homes Available Nearby
When nothing's available downtown right now, this is the closest place to look.
$1,250/mo
5361 East Burgess Avenue
3 bd · 1 ba · 1,200 sq ft
Dogs and cats allowedView details →
$1,535/mo
4948 Potomac Square Place #4
2 bd · 2 ba · 1,300 sq ft
No petsView details →
$1,655/mo
6533 Newstead Drive
3 bd · 2.5 ba · 2,154 sq ft
No petsView details →
$1,545/mo
9738 Treyburn Lakes Drive
3 bd · 2 ba · 1,200 sq ft
Dogs and cats allowedView details →
$1,395/mo
728 Parkway Avenue
3 bd · 2 ba · 1,250 sq ft
No petsView details →
$1,750/mo
505 East 61st Street
3 bd · 1 ba · 1,800 sq ft
Dogs and cats allowedView details →
$1,320/mo
4311 Dahlia Court
2 bd · 1.5 ba · 1,320 sq ft
Dogs and cats allowedView details →
$2,195/mo
1305 West 23rd Street
3 bd · 2.5 ba · 1,600 sq ft
Dogs and cats allowedView details →
Explore More
More About Downtown Indianapolis
RentCast market data pulled November 1, 2026 — refreshed monthly.
Average Rent
$1,550
Across 523 currently listed Downtown Indianapolis rentals
Median Rent
$1,335
Range: $685 – $5,607
Single-Family Average
$1,833
Red Door's focus — 107 of 523 listings
Rent per Sq Ft
$1.86
Median: $1.89/sq ft
Typical Home Size
1,133 sq ft
Median: 862 sq ft
Days on Market
37
Average: 54 days
Typical size runs around 1,296 sq ft ($1.98/sq ft) — the median unit is only 779 sq ft, well below every suburb Red Door serves, reflecting how much of downtown's inventory is studios and one-bedroom apartments and condos rather than full houses. By bedroom count: $1,119 for a studio (74 listings), $1,258 for 1-bedroom (188 listings, the largest sample by far), $1,852 for 2-bedroom, and $2,933 for 3-bedroom. Half of downtown's current listings lease within about 24 days.
Downtown won't always have listings live. When nothing's available here right now, homes available nearby are shown below instead of a dead end.
11 of Downtown Indianapolis's 523 active rental listings are new since the last pull. Downtown Indianapolis's apartments (313 of 523 listings) average $1,355/mo, less than the $1,833 single-family homes typically rent for here.
Rent by bedroom count, this month’s RentCast pull:
Studio$1,104/mo0 new listings this pull — small sample
1-Bedroom$1,203/mo4 new listings this pull — small sample
2-Bedroom$1,756/mo4 new listings this pull — small sample
3-Bedroom$2,174/mo2 new listings this pull — small sample
4-Bedroom$2,555/mo1 new listing this pull — small sample
5-Bedroom$2,200/mo0 new listings this pull — small sample
8-Bedroom$5,500/mo0 new listings this pull — small sample
What to Expect Renting Downtown
- Location: Covers ZIP codes 46202, 46204, and 46225 — the Mile Square and the immediately surrounding blocks, distinct from the outlying Indianapolis neighborhoods covered on the main Indianapolis page.
- Housing stock: Dominated by apartments and condos — single-family homes are a small share (98 of 510 listings) of what's available, and units run smaller than anywhere else Red Door manages.
How Renting With Red Door Works
- Browsing and applying: View details on any listing and apply directly online through Red Door's application flow.
- Screening criteria: Verifiable income of at least 3x rent, minimum 580 credit score, maximum 55% debt-to-income, no disqualifying convictions, no aggressive dog breeds, plus standard rental-history checks. Full detail on the Tenant Qualification Criteria page.
- Showings: Self-guided via digital lockbox once an application clears initial screening — no waiting to coordinate a showing time with an agent.
Local Expertise Across Central Indiana
Downtown Indianapolis Homes for Rent,Plus Every Community Nearby
Red Door lists and manages rental homes in Downtown Indianapolis and across the surrounding Central Indiana communities.
Hamilton County
Northside suburbs with strong single-family and executive rental demand.
Madison County
Northeast communities with commuter access and affordable rental options.
- Anderson
- Pendleton
- Lapel
- Ingalls
Hendricks County
Westside communities popular with commuters and long-term rental owners.
- Avon
- Brownsburg
- Danville
- Plainfield
Johnson County
South metro rentals with steady demand from commuters and long-term renters.
- Greenwood
- Franklin
- Whiteland
- Bargersville
Hancock County
Eastside growth areas with newer-home inventory and suburban appeal.
- Greenfield
- McCordsville
- New Palestine
- Fortville
- Cumberland
Shelby County
Southeast rental markets serving owners near the Indianapolis outer ring.
- Shelbyville
- Fairland
- Morristown
- Boggstown
Boone & Morgan Counties
Northwest and southwest communities around the Indianapolis rental ring.
- Zionsville
- Whitestown
- Lebanon
- Mooresville
- Martinsville
Indianapolis Neighborhoods
Close-in neighborhoods where property condition, tenant fit, and responsiveness matter.
- Broad Ripple
- Fountain Square
- Fletcher Place
- Irvington
- Downtown Indianapolis
- Mass Ave
- Wholesale District
- Indiana Avenue
- SoBro
- Meridian-Kessler
- Butler-Tarkington
- Herron-Morton
- Old Northside
- Lockerbie Square
- Chatham Arch
- Holy Cross
- Cottage Home
- Fall Creek Place
- Garfield Park
- Bates-Hendricks
- Woodruff Place
- Riverside
Indianapolis TownshipsClick to view the township service areas Red Door manages.
Own a Rental Home Downtown?
See how Red Door manages Indianapolis rental properties, or find out what your home could rent for.