Apartment Price Drops This Week in Downtown Indianapolis - Indianapolis, IN
Biggest Rent Drops in Downtown Indianapolis, Indianapolis
Data updated: October 15, 2025 at 10:28 AM PDT
Looking for an apartment deal in Downtown Indianapolis? We’ve surfaced the biggest rent drops and current trends in this part of Indianapolis.
Which listings in Downtown Indianapolis have had the biggest price drops in the past week?
Unit 12-151-209 at The Waverley, featuring 1 bed and 1 bath, recently dropped by $180 to an attractive $1409. Meanwhile, Unit 08-494 at Residences at CityWay, offering 3 beds and 2 baths, saw a price reduction of $160, bringing it down to $2351. These deals are worth checking out due to their significant price cuts in prime locations.
| Property Name | Unit Description | New Price (Drop) | Drop Date |
|---|---|---|---|
| The Waverley | 1 bed, 1 bath | $1409 (-$180) | 10/11 |
| Residences at CityWay | 3 beds, 2 baths | $2351 (-$160) | 10/15 |
| 360 Market Square | 2 beds, 2 baths | $3175 (-$145) | 10/15 |
| The Maxwell Apartments | 2 beds, 2 baths | $1665 (-$112) | 10/14 |
| Axis | 2 beds, 2 baths | $2474 (-$100) | 10/14 |
| 946 MLK | 1 bed, 1 bath | $1350 (-$100) | 10/9 |
| Lockerbie Lofts | 1 bed, 1 bath | $1625 (-$85) | 10/10 |
| Grid | 2 beds, 2 baths | $1863 (-$82) | 10/14 |
| The Ambassador at Library Square | 1 bed, 1 bath | $1215 (-$80) | 10/14 |
| The Vue Luxury Apartments | Studio, 1 bath | $1151 (-$60) | 10/11 |
What’s the rent trend in Downtown Indianapolis?
As you explore rental options in downtown Indianapolis, you’ll find that the market has seen a slight dip in prices recently. The average rent for a 1-bedroom apartment is now $1,499, down from $1,602 just last week. Similarly, 2-bedroom apartments have experienced a decrease, with current average rents at $2,113 compared to last week’s $2,162. This downward trend might be a great opportunity to secure a more affordable lease in this vibrant area.
Top 5 Price Drops This Week
The Waverley – 12-151-209
1 bed, 1 bath, 717 sq ft
Was: $1589 → Now: $1409
Price Drop: $180
Price Changed on: 10/11
Residences at CityWay – 08-494
3 beds, 2 baths, 1432 sq ft
Was: $2511 → Now: $2351
Price Drop: $160
Price Changed on: 10/15
360 Market Square – 2507
2 beds, 2 baths, 1182 sq ft
Was: $3320 → Now: $3175
Price Drop: $145
Price Changed on: 10/15
The Maxwell Apartments – 213
2 beds, 2 baths, 1184 sq ft
Was: $1777 → Now: $1665
Price Drop: $112
Price Changed on: 10/14
Axis – 340
2 beds, 2 baths, 1335 sq ft
Was: $2574 → Now: $2474
Price Drop: $100
Price Changed on: 10/14
Want to keep up with future price changes?
Bookmark this page to see the latest.
Note: Pricing, availability, and specials are subject to change. Please check the individual listings for the most up-to-date information.
