Affordable apartments in Indianapolis city (balance), Indiana
We track income-restricted buildings nationwide. None have been ingested for this city yet. Check back soon.
Energy costs in Indiana
Residential electricity in Indiana runs about 16.63¢/kWh, with a typical monthly residential electric bill near $157. Natural gas runs about $16.19/Mcf. Add this to rent when you compare buildings; it can shift total monthly housing cost by 10–20%.
Source: U.S. Energy Information Administration, retail-sales (electricity) and natural gas residential pricing series, 12-month rolling average.
Check your affordability tier
Enter your annual household income, household size, and zip code. We’ll show which HUD AMI tier you qualify for and what Fair Market Rent looks like in your area.
Fair Market Rent for Indianapolis city (balance), IN
Metro-level| Bedrooms | Local FMR | National median |
|---|---|---|
| Studio | $889 | n/a |
| 1 bedroom | $994 | n/a |
| 2 bedroom | $1,046 | $1,502 |
| 3 bedroom | $1,360 | n/a |
| 4 bedroom | $1,569 | n/a |
Fair Market Rent is HUD’s annual benchmark for the cost of rental housing in a given area. Source label: median_rent_proxy.
Affordable rentals in nearby Indiana cities
About this listing. Buildings shown serve income-restricted households across HUD program tiers. We do not show vacancy or pricing for individual units. Always contact the property directly for current availability; many income-restricted buildings maintain waitlists measured in months or years.
See also: Indianapolis city (balance) cost-of-living and Fair Market Rent overview