{"id":915141,"date":"2025-02-25T13:59:31","date_gmt":"2025-02-25T18:59:31","guid":{"rendered":"https:\/\/www.rent.com\/blog\/?p=915141"},"modified":"2025-02-25T13:59:33","modified_gmt":"2025-02-25T18:59:33","slug":"affordable-indianapolis-suburbs","status":"publish","type":"post","link":"https:\/\/www.rent.com\/blog\/affordable-indianapolis-suburbs\/","title":{"rendered":"7 Most Affordable Suburbs in Indianapolis, IN for Renters"},"content":{"rendered":"\n<p>Indianapolis has long been known as one of the more affordable big cities in America, but even here housing prices have been creeping up like a pothole-riddled highway repair bill. If you want to live near the city without being trapped in an apartment that looks like it hasn\u2019t been updated since Peyton Manning\u2019s rookie season, you\u2019re going to need to head for the burbs. Fortunately, there are still affordable Indianapolis suburbs that offer decent rent, space to breathe, and at least a few things to do besides pacing your living room.<\/p>\n\n\n\n<p>If you\u2019re ready to escape the rising costs of Indianapolis, here\u2019s where you should be looking.<\/p>\n\n\n\n<p>searching.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-indianapolis-s-housing-market-at-a-glance\">Indianapolis\u2019s housing market at a glance<\/h2>\n\n\n\n<p>Before we take a closer look at seven of the most affordable Indianapolis suburbs for renters in 2025, here\u2019s a snapshot of Indianapolis\u2019s current housing market.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><a href=\"https:\/\/www.rent.com\/indiana\/indianapolis-apartments\/1-bedroom\" target=\"_blank\" rel=\"noreferrer noopener\">Average 1-bedroom rent in Indianapolis<\/a><\/td><td>$1,237<\/td><\/tr><tr><td><a href=\"https:\/\/www.rent.com\/indiana\/indianapolis-apartments\/2-bedroom\" target=\"_blank\" rel=\"noreferrer noopener\">Average 2-bedroom rent in Indianapolis<\/a><\/td><td>$1,453<\/td><\/tr><tr><td><a href=\"https:\/\/www.redfin.com\/city\/9170\/IN\/Indianapolis\" target=\"_blank\" rel=\"noreferrer noopener\">Median home price in Indianapolis<\/a><\/td><td>$240,000<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"683\" src=\"https:\/\/www.rent.com\/blog\/wp-content\/uploads\/2025\/02\/Shutterstock-afburb-indin-rent-1-1024x683.jpg\" alt=\"Drone view of the track in Speedway, IN\" class=\"wp-image-915158\" srcset=\"https:\/\/www.rent.com\/blog\/wp-content\/uploads\/2025\/02\/Shutterstock-afburb-indin-rent-1-1024x683.jpg 1024w, https:\/\/www.rent.com\/blog\/wp-content\/uploads\/2025\/02\/Shutterstock-afburb-indin-rent-1-300x200.jpg 300w, https:\/\/www.rent.com\/blog\/wp-content\/uploads\/2025\/02\/Shutterstock-afburb-indin-rent-1-768x512.jpg 768w, https:\/\/www.rent.com\/blog\/wp-content\/uploads\/2025\/02\/Shutterstock-afburb-indin-rent-1.jpg 1200w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-1-speedway\">1. Speedway<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.rent.com\/indiana\/speedway-apartments\/1-bedroom\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Average 1-bedroom rent<\/strong><\/a><strong>: <\/strong>$699<\/li>\n\n\n\n<li><strong>Distance from Indianapolis:<\/strong> 6 miles west<\/li>\n\n\n\n<li><strong>Drive time to Indianapolis:<\/strong> About 15 minutes<\/li>\n<\/ul>\n\n\n\n<p>At $699 per month for a 1-bedroom apartment, Speedway is a unique and affordable Indianapolis suburb. Speedway is best known for the <a href=\"https:\/\/www.indianapolismotorspeedway.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">Indianapolis Motor Speedway<\/a>, home of the Indy 500, which means you\u2019ll either develop an appreciation for fast cars or start to despise the sound of engines revving. <a href=\"https:\/\/daredevilbeer.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">Daredevil Brewing Co.<\/a> serves up locally-loved craft beer and <a href=\"https:\/\/www.travelindiana.com\/speedway-main-street\/\" target=\"_blank\" rel=\"noreferrer noopener\">Main Street<\/a> is packed with restaurants, shops, and community events that make this suburb feel more like a real town and less like a highway pit stop.\u00a0<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-2-franklin\">2. Franklin<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.rent.com\/indiana\/franklin-apartments\/1-bedroom\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Average 1-bedroom rent<\/strong><\/a><strong>: <\/strong>$1,005<\/li>\n\n\n\n<li><strong>Distance from Indianapolis:<\/strong> 25 miles south<\/li>\n\n\n\n<li><strong>Drive time to Indianapolis:<\/strong> About 30 minutes<\/li>\n<\/ul>\n\n\n\n<p>At $1,005 per month on average for a 1-bedroom, Franklin is where you go when you want small-town charm without full-on isolation. The <a href=\"https:\/\/johnsoncountymuseum.org\/\" target=\"_blank\" rel=\"noreferrer noopener\">Johnson County Museum of History<\/a> gives you a look at the area\u2019s past and a better appreciation for the local history. <a href=\"https:\/\/www.historicartcrafttheatre.org\/\" target=\"_blank\" rel=\"noreferrer noopener\">Historic Artcraft Theatre<\/a> screens classic films in a beautifully restored 1920s building and <a href=\"https:\/\/www.visitindy.com\/listing\/province-park\/107567\/\" target=\"_blank\" rel=\"noreferrer noopener\">Province Park<\/a> has trails and disc golf if you need some fresh air. Housing options range from affordable apartments to historic homes full of character.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-3-greenfield\">3. Greenfield<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.rent.com\/indiana\/greenfield-apartments\/1-bedroom\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Average 1-bedroom rent<\/strong><\/a><strong>: <\/strong>$1,121<\/li>\n\n\n\n<li><strong>Distance from Indianapolis:<\/strong> 25 miles east<\/li>\n\n\n\n<li><strong>Drive time to Indianapolis:<\/strong> About 30 minutes<\/li>\n<\/ul>\n\n\n\n<p>With an average 1-bedroom rent of $1,121 per month, Greenfield is the kind of suburb where people say \u201chi\u201d to strangers without it being weird. The <a href=\"https:\/\/rileymuseumhome.org\/\" target=\"_blank\" rel=\"noreferrer noopener\">James Whitcomb Riley Boyhood Home and Museum<\/a> honors the great Hoosier poet and the <a href=\"https:\/\/pennsytrails.org\/\" target=\"_blank\" rel=\"noreferrer noopener\">Pennsy Trail<\/a> is great for biking or pretending you like jogging. Housing here is a mix of apartments, townhomes, and houses that still feel reasonably priced in this economy.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"683\" src=\"https:\/\/www.rent.com\/blog\/wp-content\/uploads\/2025\/02\/Shutterstock-afburb-indin-rent-5-1024x683.jpg\" alt=\"An overcast day looking out over a pond in one of the the most affordable Indianapolis suburbs\" class=\"wp-image-915157\" srcset=\"https:\/\/www.rent.com\/blog\/wp-content\/uploads\/2025\/02\/Shutterstock-afburb-indin-rent-5-1024x683.jpg 1024w, https:\/\/www.rent.com\/blog\/wp-content\/uploads\/2025\/02\/Shutterstock-afburb-indin-rent-5-300x200.jpg 300w, https:\/\/www.rent.com\/blog\/wp-content\/uploads\/2025\/02\/Shutterstock-afburb-indin-rent-5-768x512.jpg 768w, https:\/\/www.rent.com\/blog\/wp-content\/uploads\/2025\/02\/Shutterstock-afburb-indin-rent-5.jpg 1200w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-4-lebanon\">4. Lebanon<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.rent.com\/indiana\/lebanon-apartments\/1-bedroom\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Average 1-bedroom rent<\/strong><\/a><strong>: <\/strong>$1,149<\/li>\n\n\n\n<li><strong>Distance from Indianapolis:<\/strong> 29 miles northwest<\/li>\n\n\n\n<li><strong>Drive time to Indianapolis:<\/strong> About 35 minutes<\/li>\n<\/ul>\n\n\n\n<p>At $1,149 per month for a 1-bedroom, Lebanon is great for people who want affordable rent with a side of small-town nostalgia. <a href=\"https:\/\/www.boonecountyhistorical.org\/\" target=\"_blank\" rel=\"noreferrer noopener\">The Cragun House<\/a> is a beautifully preserved Victorian home that doubles as a history museum. <a href=\"https:\/\/discoverboonecounty.com\/news\/an-afternoon-in-lebanon-in-exploring-the-courthouse-square\/\" target=\"_blank\" rel=\"noreferrer noopener\">Lebanon Courthouse Square<\/a> gives you that old-school town square vibe with shops and restaurants. Housing in Lebanon is a healthy mix of apartments, duplexes, and homes that don\u2019t cost a fortune (yet).<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-5-plainfield\">5. Plainfield<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.rent.com\/indiana\/plainfield-apartments\/1-bedroom\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Average 1-bedroom rent<\/strong><\/a><strong>: <\/strong>$1,184<\/li>\n\n\n\n<li><strong>Distance from Indianapolis:<\/strong> 17 miles southwest<\/li>\n\n\n\n<li><strong>Drive time to Indianapolis:<\/strong> About 25 minutes<\/li>\n<\/ul>\n\n\n\n<p>At $1,184 per month for a 1-bedroom apartment, Plainfield is where you move when you want suburban convenience in a charming setting close to the city. <a href=\"https:\/\/guilfordtownship.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">Hummel Park<\/a> has trails and open spaces for outdoor activities and <a href=\"https:\/\/www.townofplainfield.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">Plainfield Historic District<\/a> offers a glimpse of what life looked like before strip malls took over.\u00a0<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-6-pendleton\">6. Pendleton<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.rent.com\/indiana\/pendleton-apartments\/1-bedroom\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Average 1-bedroom rent<\/strong><\/a><strong>: <\/strong>$1,199<\/li>\n\n\n\n<li><strong>Distance from Indianapolis:<\/strong> 26 miles northeast<\/li>\n\n\n\n<li><strong>Drive time to Indianapolis:<\/strong> About 30 minutes<\/li>\n<\/ul>\n\n\n\n<p>Coming in at $1,199 per month for a 1-bedroom apartment, Pendleton is for people who want a quieter lifestyle but still need civilization within reach. <a href=\"https:\/\/www.visitindiana.com\/listing\/pendleton-falls-park\/14894\/\" target=\"_blank\" rel=\"noreferrer noopener\">Falls Park<\/a> is one of the most scenic spots in the state, with waterfalls and walking trails that make it a perfect weekend retreat. The <a href=\"https:\/\/www.pendletonhistoricalmuseum.org\/\" target=\"_blank\" rel=\"noreferrer noopener\">Pendleton Historical Museum<\/a> gives you a dose of local history and a deeper understanding of the people that made the town what it is today.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"683\" src=\"https:\/\/www.rent.com\/blog\/wp-content\/uploads\/2025\/02\/Shutterstock-afburb-indin-rent-7-1024x683.jpg\" alt=\"A beautiful day in Greenwood, Indiana\" class=\"wp-image-915156\" srcset=\"https:\/\/www.rent.com\/blog\/wp-content\/uploads\/2025\/02\/Shutterstock-afburb-indin-rent-7-1024x683.jpg 1024w, https:\/\/www.rent.com\/blog\/wp-content\/uploads\/2025\/02\/Shutterstock-afburb-indin-rent-7-300x200.jpg 300w, https:\/\/www.rent.com\/blog\/wp-content\/uploads\/2025\/02\/Shutterstock-afburb-indin-rent-7-768x512.jpg 768w, https:\/\/www.rent.com\/blog\/wp-content\/uploads\/2025\/02\/Shutterstock-afburb-indin-rent-7.jpg 1200w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-7-greenwood\">7. Greenwood<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.rent.com\/indiana\/greenwood-apartments\/1-bedroom\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Average 1-bedroom rent<\/strong><\/a><strong>: <\/strong>$1,199<\/li>\n\n\n\n<li><strong>Distance from Indianapolis:<\/strong> 14 miles south<\/li>\n\n\n\n<li><strong>Drive time to Indianapolis:<\/strong> About 20 minutes<\/li>\n<\/ul>\n\n\n\n<p>At $1,199 per month for a 1-bedroom apartment, Greenwood is one of the more developed suburbs on this list, offering plenty to do without driving all the way into Indy. <a href=\"https:\/\/www.simon.com\/mall\/greenwood-park-mall\" target=\"_blank\" rel=\"noreferrer noopener\">Greenwood Park Mall<\/a> is a popular place to spend a few bucks. <a href=\"https:\/\/www.greenwood.in.gov\/topic\/blocks.php?topicid=164&amp;structureid=39\" target=\"_blank\" rel=\"noreferrer noopener\">Old City Park<\/a> is a great spot for families and people who just want a peaceful place to unwind. Housing is a mix of apartments, condos, and suburban homes that don\u2019t require selling off the family heirlooms to make the down payment.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-settle-down-in-an-affordable-indianapolis-suburb\">Settle down in an affordable Indianapolis suburb<\/h2>\n\n\n\n<p>Finding affordable Indianapolis suburbs isn\u2019t impossible\u2014you just have to know where to look. If you want rock-bottom rent, Speedway is your best bet. If you like small-town vibes with an easy commute, Franklin and Greenfield should be on your list. And if you\u2019re looking for suburban convenience without full-on Carmel pricing, Greenwood and Plainfield are solid choices.<\/p>\n\n\n\n<p>No matter where you land, these suburbs offer cheaper rent, more space, and at least a fighting chance of affording groceries after paying your rent.<em>Affordability is based on whether a suburb\u2019s one-bedroom rent was less than Indianapolis\u2019 average rent and under 30 miles from downtown Indianapolis. Average rental data from <\/em><a href=\"https:\/\/www.rent.com\/indiana\/indianapolis-apartments\/rent-trends\" target=\"_blank\" rel=\"noreferrer noopener\"><em>Indianapolis rental market trends<\/em><\/a><em> in February, 2025. Population data sourced from the <\/em><a href=\"https:\/\/data.census.gov\/cedsci\" target=\"_blank\" rel=\"noreferrer noopener\"><em>United States Census Bureau<\/em><\/a><em>.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Indianapolis area is full of affordable suburbs. You just have to know where to look to find the right one.<\/p>\n","protected":false},"author":181,"featured_media":915142,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[20103],"tags":[],"topics":[201],"renters":[],"cities":[217],"propertymanagement":[],"class_list":["post-915141","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-moving","topics-moving","cities-indianapolis"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.5 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>7 Most Affordable Indianapolis Suburbs | Rent. Blog<\/title>\n<meta name=\"description\" content=\"Check out the most affordable Indianapolis suburbs and find the perfect place without breaking the bank.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.rent.com\/blog\/affordable-indianapolis-suburbs\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"7 Most Affordable Suburbs in Indianapolis, IN for Renters\" \/>\n<meta property=\"og:description\" content=\"Check out the most affordable Indianapolis suburbs and find the perfect place without breaking the bank.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.rent.com\/blog\/affordable-indianapolis-suburbs\/\" \/>\n<meta property=\"og:site_name\" content=\"The Rent. 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