Indianapolis rental prices skyrocket amidst national dip

Indianapolis, Indiana – According to recent data from the May rental report published by, Indianapolis is amongst the top ten metropolitan regions experiencing a significant year-over-year surge in rental prices.

Currently positioned as the fourth on the list, the city has witnessed a rental price escalation of 7.3%. Consequently, the median rent of an apartment within the area has now reached $1,331.

This accelerated growth rate comes in stark contrast to the trends observed on the national front.

Remarkably, for the first time in the past three years, the United States has recorded a decrease in average annual rent rates across the country.

In May 2023, the national median rent for a two-bedroom apartment declined by half a percent from the same period last year, bringing it down to $1,923.

Conversely, the median price for a one-bedroom unit has seen a slight increase of $6, placing it at $1,628.

Shelly Carroll

Shelly Carroll, a distinguished journalist, has made a name for herself working with independent news and media establishments across the United States. Her principal focus involves the meticulous exploration of various social media platforms in search of the most recent and pertinent news stories, spanning local, national, and global events. Through her unwavering dedication, Shelly ensures that her audience remains well-informed on the issues that matter most.

Related Articles

Back to top button