Indianapolis is the 29th largest multifamily market with 181,399 completed units and 34,318 units in development, 7,773 of which have already broken ground, as of September 2022.
Indianapolis Multifamily Market Summary – September 2022
New lease asking rents are at $1,204, up 11.6%▲
from the previous year placing Indianapolis at
21st overall in year-over-year rent growth.
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Indianapolis Multifamily Market Summary – August 2022
New lease asking rents are at $1,200, up 12.5%▲
from the previous year placing Indianapolis at
29th overall in year-over-year rent growth.
Indianapolis Multifamily Market Summary – July 2022
New lease asking rents are at $1,202, up 14%▲
from the previous year placing Indianapolis at
30th overall in year-over-year rent growth.
Indianapolis Multifamily Market Summary – June 2022
New lease asking rents are at $1,182, up 13.5%▲
from the previous year placing Indianapolis at
41st overall in year-over-year rent growth.
Indianapolis Multifamily Market Summary – May 2022
New lease asking rents are at $1,156, up 12.8%▲
from the previous year placing Indianapolis at
55th overall in year-over-year rent growth.
Indianapolis Multifamily Market Summary – April 2022
New lease asking rents are at $1,140, up 12.3%▲
from the previous year placing Indianapolis at
61st overall in year-over-year rent growth.
Indianapolis Multifamily Market Summary – March 2022
New lease asking rents are at $1,130, up 12.4%▲
from the previous year placing Indianapolis at
62nd overall in year-over-year rent growth.
Indianapolis Multifamily Market Summary – February 2022
New lease asking rents are at $1,121, up 12.9%▲
from the previous year placing Indianapolis at
59th overall in year-over-year rent growth.
Indianapolis Multifamily Market Summary – January 2022
New lease asking rents are at $1,111, up 12.3%▲
from the previous year placing Indianapolis at
61st overall in year-over-year rent growth.
Indianapolis Multifamily Market Summary – December 2021
New lease asking rents are at $1,095, up 10.6%▲
from the previous year placing Indianapolis at
66th overall in year-over-year rent growth.
