Indianapolis is the 29th largest multifamily market with 178,661 completed units and 28,115 units in development, 4,783 of which have already broken ground, as of December 2021.
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.