Apartment Rent in SoBro
Indianapolis, Indiana · IN
Avg 1BR Rent $825 /month
Rent by Bedroom Count
Studio $625/mo ~563 sq ft $1.11/sq ft
1 Bedroom $825/mo ~782 sq ft $1.05/sq ft
2 Bedrooms $1,200/mo ~1134 sq ft $1.06/sq ft
3 Bedrooms $1,625/mo ~1447 sq ft $1.12/sq ft
Market Metrics
Year-over-Year Change +0.9% Stable market
Vacancy Rate 3.9% Very tight supply
Walk Score 47/100 Car-Dependent
Transit Score 80/100 Excellent Transit
What to Budget
At $825/mo for a 1-bedroom in SoBro, you should budget at least $2,475/mo in gross income (the standard 30% rule). For a studio at $625/mo, you'd need roughly $1,875/mo.
Studio income needed $1,875/mo
1BR income needed $2,475/mo
2BR income needed $3,600/mo
Moving to SoBro?
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