Apartment Price Drops This Week in Indianapolis, IN
Which apartments in Indianapolis had the biggest rent drops this week?
Data updated: October 15, 2025 at 10:49 AM PDT
Rents are shifting fast in Indianapolis, and we’re here to help you stay ahead. This week’s top price drops reflect some of the best deals we’ve seen in months.
How are rent trends changing in Indianapolis?
This week in indianapolis, rent prices continued to adjust. Month-over-month, 1-bedrooms dropped -1.2% and 2-bedrooms dropped -1.1%.
Which apartments dropped in price the most this week?
Unit 0302 at CityView On Meridian, featuring 2 beds and 2 baths, recently saw a price drop of $365, bringing the rent down to $1345. Meanwhile, Unit 1260 at VITRA Apartments offers a cozy 1 bed, 1 bath setup and now costs $1299 after a $308 reduction. These significant discounts make both units attractive options for those seeking quality accommodation at a more affordable price.
| Property Name | Unit Description | New Price (Drop) | Drop Date |
|---|---|---|---|
| CityView On Meridian | 2 beds, 2 baths | $1345 (-$365) | 10/9 |
| VITRA Apartments | 1 bed, 1 bath | $1299 (-$308) | 10/10 |
| Woodbridge Apartments in Castleton IN | 3 beds, 1.5 baths | $1547 (-$211) | 10/14 |
| Scandia Apartment Homes | 2 beds, 2 baths | $1184 (-$200) | 10/15 |
| Keeneland Crest | 2 beds, 2 baths | $1289 (-$200) | 10/15 |
| Eagle Lake Landing | 1 bed, 1 bath | $1045 (-$182) | 10/14 |
| The Waverley | 1 bed, 1 bath | $1409 (-$180) | 10/11 |
| Union Square | 2 beds, 2 baths | $2250 (-$175) | 10/9 |
| TGM Avalon Lake | 3 beds, 2.5 baths | $1710 (-$174) | 10/15 |
| Summerwood on Towne Line | 2 beds, 2 baths | $1328 (-$170) | 10/10 |
What neighborhoods have the most units dropping in price?
It looks like there might be a mix-up with the locations, as both Downtown Indianapolis and Castleton are in Indianapolis, not Phoenix. However, if you’re interested in these neighborhoods, here’s a friendly summary:
Downtown Indianapolis is buzzing with activity, and currently, there are 16 listings that have recently seen price drops. This vibrant area might be a great spot to find a deal if you’re looking to be in the heart of the city. Meanwhile, Castleton, known for its shopping and dining options, has 4 listings with reduced prices. Both neighborhoods offer unique opportunities for anyone looking to make a move or investment. Happy house hunting!
| Neighborhood | Listings |
|---|---|
| Downtown Indianapolis | 16 |
| Castleton | 4 |
| Broad Ripple | 3 |
| Augusta-new Augusta | 2 |
| Millersville | 2 |
| Nora - Far Northside | 2 |
| I65-south Emerson | 2 |
| Aspen Ridge | 1 |
| Key Meadows | 1 |
| South Franklin | 1 |
These rent drops are combined with specials!
These listings not only dropped in price — they’re also offering incentives like weeks of free rent or look & lease bonuses.
| Property | Description | Special |
|---|---|---|
| CityView On Meridian | 2 beds, 2 baths, -$365 | $500 Bonus |
| VITRA Apartments | 1 bed, 1 bath, -$308 | 2 mos free rent |
| Eagle Lake Landing | 1 bed, 1 bath, -$182 | 1 Mo FREE |
| TGM Avalon Lake | 3 beds, 2.5 baths, -$174 | $500 OFF Move In |
| Summerwood on Towne Line | 2 beds, 2 baths, -$170 | $500 Gift Card |
Want to keep up with future price changes?
Bookmark this page or search all apartments in Indianapolis 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.
