Jarred Porter

Jul 23, 2025

Top Indianapolis Neighborhoods for Rental Property Investment

Explore the best Indy neighborhoods for rental property in 2025 — with ROI data, rent ranges, and insights from real investor-agents.

Investors
Indy Neighborhoods

Where Should You Invest in Indy Real Estate This Year?

Indianapolis continues to rank as one of the top cities in the U.S. for real estate investors — and for good reason. Property is still affordable. Rent growth is strong. And demand from renters (especially young professionals, families, and students) is steady and rising.

But not all Indy neighborhoods offer the same ROI. If you're looking to buy a rental property in 2025, here's your strategic guide — pulled from local data and on-the-ground investor experience.

Let’s dive into the top neighborhoods where rental property still makes smart financial sense.

🏡 1. Fountain Square

Average Home Price: ~$265,000
Typical Rent Range: $1,400–$1,900/month
Best for: Young professionals, creatives, traveling nurses

Why Investors Love It:
Fountain Square combines walkability, nightlife, and a steady stream of renters drawn to its artsy vibe. Renters love the culture — investors love the appreciation. It’s a great mix of cash flow + equity growth.

  • Recent duplex listings under $300K

  • Strong Airbnb and midterm rental performance

  • Long-term rent growth >4%/year

📈 Pro tip: We’ve helped investors snag side-by-side duplexes here that bring in over $3,200/month total.

🎓 2. Broad Ripple

Average Home Price: ~$320,000
Typical Rent Range: $1,500–$2,300/month
Best for: Students, roommates, young professionals

Why Investors Love It:
Broad Ripple is a known quantity — it’s always had rental demand thanks to Butler University and its proximity to downtown. Tenants here are willing to pay a premium for walkability and charm.

  • Low vacancy rates

  • High rent-to-bedroom ratios

  • Stable long-term tenants or short-term furnished options

💸 Looking for yield? Broad Ripple 3-bed homes often rent to roommate setups for ~$2,200/mo.

🌳 3. Riverside

Average Home Price: ~$140,000
Typical Rent Range: $950–$1,400/month
Best for: Section 8, families, newer investors

Why Investors Love It:
Still under-the-radar, Riverside offers low entry prices and high cash-on-cash returns. Located near IUPUI and the 16 Tech innovation district, it's getting attention for its upside potential.

  • Many homes under $150K

  • Eligible for local rental assistance programs

  • Neighborhood revitalization underway

🔧 Note: Some properties need light rehab — but the returns are there.

🛠 4. Near East Side

Average Home Price: ~$175,000
Typical Rent Range: $1,200–$1,600/month
Best for: Hybrid short- and long-term rentals

Why Investors Love It:
The Near East Side is packed with duplexes, renovated bungalows, and BRRRR potential. You’ll find investors renovating one side and renting the other to cover the mortgage (or even live for free).

  • High BRRRR success stories

  • Historic charm with investment upside

  • Growing demand from house-hackers

🔍 Use our Rental ROI Spreadsheet to model your numbers before making an offer here.

🏠 5. Christian Park

Average Home Price: ~$135,000
Typical Rent Range: $1,000–$1,300/month
Best for: Buy-and-hold, cash flow

Why Investors Love It:
Christian Park is a Southeast-side sleeper pick. You won’t see it trending on Instagram, but investors know: it’s low-cost entry + dependable rental income. Homes move fast here — especially under $150K.

  • Solid 1%+ rent-to-price deals

  • Long-term tenant retention

  • Easy to self-manage or turnkey

🚀 We’ve helped clients buy here with all-in costs under $150K and 8–10% annual returns.

📉 Indy Rental Market in 2025: Quick Stats

  • Average rent growth: 3.5–4.2% YoY

  • Vacancy rate: ~4.6% metro-wide (lower in hot spots)

  • Cap rates: Often 6–9% in entry-level neighborhoods

  • Best performing asset: 2- to 4-unit multifamily properties

Indy is still one of the best U.S. cities to plant rental roots. But the right neighborhood choice makes all the difference in your return.

🎯 Ready to Run the Numbers?

🔗 Download Our Indianapolis ROI Calculator
🗺️ Explore the Investor Map
🤝 Book a Strategy Call With a Roots Investor-Agent

Let’s find the right deal, in the right neighborhood, with the right plan. You don’t have to figure it out alone — every Roots agent is also an investor.

Where Should You Invest in Indy Real Estate This Year?

Indianapolis continues to rank as one of the top cities in the U.S. for real estate investors — and for good reason. Property is still affordable. Rent growth is strong. And demand from renters (especially young professionals, families, and students) is steady and rising.

But not all Indy neighborhoods offer the same ROI. If you're looking to buy a rental property in 2025, here's your strategic guide — pulled from local data and on-the-ground investor experience.

Let’s dive into the top neighborhoods where rental property still makes smart financial sense.

🏡 1. Fountain Square

Average Home Price: ~$265,000
Typical Rent Range: $1,400–$1,900/month
Best for: Young professionals, creatives, traveling nurses

Why Investors Love It:
Fountain Square combines walkability, nightlife, and a steady stream of renters drawn to its artsy vibe. Renters love the culture — investors love the appreciation. It’s a great mix of cash flow + equity growth.

  • Recent duplex listings under $300K

  • Strong Airbnb and midterm rental performance

  • Long-term rent growth >4%/year

📈 Pro tip: We’ve helped investors snag side-by-side duplexes here that bring in over $3,200/month total.

🎓 2. Broad Ripple

Average Home Price: ~$320,000
Typical Rent Range: $1,500–$2,300/month
Best for: Students, roommates, young professionals

Why Investors Love It:
Broad Ripple is a known quantity — it’s always had rental demand thanks to Butler University and its proximity to downtown. Tenants here are willing to pay a premium for walkability and charm.

  • Low vacancy rates

  • High rent-to-bedroom ratios

  • Stable long-term tenants or short-term furnished options

💸 Looking for yield? Broad Ripple 3-bed homes often rent to roommate setups for ~$2,200/mo.

🌳 3. Riverside

Average Home Price: ~$140,000
Typical Rent Range: $950–$1,400/month
Best for: Section 8, families, newer investors

Why Investors Love It:
Still under-the-radar, Riverside offers low entry prices and high cash-on-cash returns. Located near IUPUI and the 16 Tech innovation district, it's getting attention for its upside potential.

  • Many homes under $150K

  • Eligible for local rental assistance programs

  • Neighborhood revitalization underway

🔧 Note: Some properties need light rehab — but the returns are there.

🛠 4. Near East Side

Average Home Price: ~$175,000
Typical Rent Range: $1,200–$1,600/month
Best for: Hybrid short- and long-term rentals

Why Investors Love It:
The Near East Side is packed with duplexes, renovated bungalows, and BRRRR potential. You’ll find investors renovating one side and renting the other to cover the mortgage (or even live for free).

  • High BRRRR success stories

  • Historic charm with investment upside

  • Growing demand from house-hackers

🔍 Use our Rental ROI Spreadsheet to model your numbers before making an offer here.

🏠 5. Christian Park

Average Home Price: ~$135,000
Typical Rent Range: $1,000–$1,300/month
Best for: Buy-and-hold, cash flow

Why Investors Love It:
Christian Park is a Southeast-side sleeper pick. You won’t see it trending on Instagram, but investors know: it’s low-cost entry + dependable rental income. Homes move fast here — especially under $150K.

  • Solid 1%+ rent-to-price deals

  • Long-term tenant retention

  • Easy to self-manage or turnkey

🚀 We’ve helped clients buy here with all-in costs under $150K and 8–10% annual returns.

📉 Indy Rental Market in 2025: Quick Stats

  • Average rent growth: 3.5–4.2% YoY

  • Vacancy rate: ~4.6% metro-wide (lower in hot spots)

  • Cap rates: Often 6–9% in entry-level neighborhoods

  • Best performing asset: 2- to 4-unit multifamily properties

Indy is still one of the best U.S. cities to plant rental roots. But the right neighborhood choice makes all the difference in your return.

🎯 Ready to Run the Numbers?

🔗 Download Our Indianapolis ROI Calculator
🗺️ Explore the Investor Map
🤝 Book a Strategy Call With a Roots Investor-Agent

Let’s find the right deal, in the right neighborhood, with the right plan. You don’t have to figure it out alone — every Roots agent is also an investor.

Where Should You Invest in Indy Real Estate This Year?

Indianapolis continues to rank as one of the top cities in the U.S. for real estate investors — and for good reason. Property is still affordable. Rent growth is strong. And demand from renters (especially young professionals, families, and students) is steady and rising.

But not all Indy neighborhoods offer the same ROI. If you're looking to buy a rental property in 2025, here's your strategic guide — pulled from local data and on-the-ground investor experience.

Let’s dive into the top neighborhoods where rental property still makes smart financial sense.

🏡 1. Fountain Square

Average Home Price: ~$265,000
Typical Rent Range: $1,400–$1,900/month
Best for: Young professionals, creatives, traveling nurses

Why Investors Love It:
Fountain Square combines walkability, nightlife, and a steady stream of renters drawn to its artsy vibe. Renters love the culture — investors love the appreciation. It’s a great mix of cash flow + equity growth.

  • Recent duplex listings under $300K

  • Strong Airbnb and midterm rental performance

  • Long-term rent growth >4%/year

📈 Pro tip: We’ve helped investors snag side-by-side duplexes here that bring in over $3,200/month total.

🎓 2. Broad Ripple

Average Home Price: ~$320,000
Typical Rent Range: $1,500–$2,300/month
Best for: Students, roommates, young professionals

Why Investors Love It:
Broad Ripple is a known quantity — it’s always had rental demand thanks to Butler University and its proximity to downtown. Tenants here are willing to pay a premium for walkability and charm.

  • Low vacancy rates

  • High rent-to-bedroom ratios

  • Stable long-term tenants or short-term furnished options

💸 Looking for yield? Broad Ripple 3-bed homes often rent to roommate setups for ~$2,200/mo.

🌳 3. Riverside

Average Home Price: ~$140,000
Typical Rent Range: $950–$1,400/month
Best for: Section 8, families, newer investors

Why Investors Love It:
Still under-the-radar, Riverside offers low entry prices and high cash-on-cash returns. Located near IUPUI and the 16 Tech innovation district, it's getting attention for its upside potential.

  • Many homes under $150K

  • Eligible for local rental assistance programs

  • Neighborhood revitalization underway

🔧 Note: Some properties need light rehab — but the returns are there.

🛠 4. Near East Side

Average Home Price: ~$175,000
Typical Rent Range: $1,200–$1,600/month
Best for: Hybrid short- and long-term rentals

Why Investors Love It:
The Near East Side is packed with duplexes, renovated bungalows, and BRRRR potential. You’ll find investors renovating one side and renting the other to cover the mortgage (or even live for free).

  • High BRRRR success stories

  • Historic charm with investment upside

  • Growing demand from house-hackers

🔍 Use our Rental ROI Spreadsheet to model your numbers before making an offer here.

🏠 5. Christian Park

Average Home Price: ~$135,000
Typical Rent Range: $1,000–$1,300/month
Best for: Buy-and-hold, cash flow

Why Investors Love It:
Christian Park is a Southeast-side sleeper pick. You won’t see it trending on Instagram, but investors know: it’s low-cost entry + dependable rental income. Homes move fast here — especially under $150K.

  • Solid 1%+ rent-to-price deals

  • Long-term tenant retention

  • Easy to self-manage or turnkey

🚀 We’ve helped clients buy here with all-in costs under $150K and 8–10% annual returns.

📉 Indy Rental Market in 2025: Quick Stats

  • Average rent growth: 3.5–4.2% YoY

  • Vacancy rate: ~4.6% metro-wide (lower in hot spots)

  • Cap rates: Often 6–9% in entry-level neighborhoods

  • Best performing asset: 2- to 4-unit multifamily properties

Indy is still one of the best U.S. cities to plant rental roots. But the right neighborhood choice makes all the difference in your return.

🎯 Ready to Run the Numbers?

🔗 Download Our Indianapolis ROI Calculator
🗺️ Explore the Investor Map
🤝 Book a Strategy Call With a Roots Investor-Agent

Let’s find the right deal, in the right neighborhood, with the right plan. You don’t have to figure it out alone — every Roots agent is also an investor.

Where Should You Invest in Indy Real Estate This Year?

Indianapolis continues to rank as one of the top cities in the U.S. for real estate investors — and for good reason. Property is still affordable. Rent growth is strong. And demand from renters (especially young professionals, families, and students) is steady and rising.

But not all Indy neighborhoods offer the same ROI. If you're looking to buy a rental property in 2025, here's your strategic guide — pulled from local data and on-the-ground investor experience.

Let’s dive into the top neighborhoods where rental property still makes smart financial sense.

🏡 1. Fountain Square

Average Home Price: ~$265,000
Typical Rent Range: $1,400–$1,900/month
Best for: Young professionals, creatives, traveling nurses

Why Investors Love It:
Fountain Square combines walkability, nightlife, and a steady stream of renters drawn to its artsy vibe. Renters love the culture — investors love the appreciation. It’s a great mix of cash flow + equity growth.

  • Recent duplex listings under $300K

  • Strong Airbnb and midterm rental performance

  • Long-term rent growth >4%/year

📈 Pro tip: We’ve helped investors snag side-by-side duplexes here that bring in over $3,200/month total.

🎓 2. Broad Ripple

Average Home Price: ~$320,000
Typical Rent Range: $1,500–$2,300/month
Best for: Students, roommates, young professionals

Why Investors Love It:
Broad Ripple is a known quantity — it’s always had rental demand thanks to Butler University and its proximity to downtown. Tenants here are willing to pay a premium for walkability and charm.

  • Low vacancy rates

  • High rent-to-bedroom ratios

  • Stable long-term tenants or short-term furnished options

💸 Looking for yield? Broad Ripple 3-bed homes often rent to roommate setups for ~$2,200/mo.

🌳 3. Riverside

Average Home Price: ~$140,000
Typical Rent Range: $950–$1,400/month
Best for: Section 8, families, newer investors

Why Investors Love It:
Still under-the-radar, Riverside offers low entry prices and high cash-on-cash returns. Located near IUPUI and the 16 Tech innovation district, it's getting attention for its upside potential.

  • Many homes under $150K

  • Eligible for local rental assistance programs

  • Neighborhood revitalization underway

🔧 Note: Some properties need light rehab — but the returns are there.

🛠 4. Near East Side

Average Home Price: ~$175,000
Typical Rent Range: $1,200–$1,600/month
Best for: Hybrid short- and long-term rentals

Why Investors Love It:
The Near East Side is packed with duplexes, renovated bungalows, and BRRRR potential. You’ll find investors renovating one side and renting the other to cover the mortgage (or even live for free).

  • High BRRRR success stories

  • Historic charm with investment upside

  • Growing demand from house-hackers

🔍 Use our Rental ROI Spreadsheet to model your numbers before making an offer here.

🏠 5. Christian Park

Average Home Price: ~$135,000
Typical Rent Range: $1,000–$1,300/month
Best for: Buy-and-hold, cash flow

Why Investors Love It:
Christian Park is a Southeast-side sleeper pick. You won’t see it trending on Instagram, but investors know: it’s low-cost entry + dependable rental income. Homes move fast here — especially under $150K.

  • Solid 1%+ rent-to-price deals

  • Long-term tenant retention

  • Easy to self-manage or turnkey

🚀 We’ve helped clients buy here with all-in costs under $150K and 8–10% annual returns.

📉 Indy Rental Market in 2025: Quick Stats

  • Average rent growth: 3.5–4.2% YoY

  • Vacancy rate: ~4.6% metro-wide (lower in hot spots)

  • Cap rates: Often 6–9% in entry-level neighborhoods

  • Best performing asset: 2- to 4-unit multifamily properties

Indy is still one of the best U.S. cities to plant rental roots. But the right neighborhood choice makes all the difference in your return.

🎯 Ready to Run the Numbers?

🔗 Download Our Indianapolis ROI Calculator
🗺️ Explore the Investor Map
🤝 Book a Strategy Call With a Roots Investor-Agent

Let’s find the right deal, in the right neighborhood, with the right plan. You don’t have to figure it out alone — every Roots agent is also an investor.

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Be the first to see cash-flow deals and Indy investing trends.

Free. Get updates on ROI opportunities, house hacks, and value-add plays.

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Be the first to see cash-flow deals and Indy investing trends.

Free. Get updates on ROI opportunities, house hacks, and value-add plays.

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Get our free investor tools and start building equity in Indy.

Use our calculators, download the map, and find off-market deals fast.

Free resources

Get our free investor tools and start building equity in Indy.

Use our calculators, download the map, and find off-market deals fast.

Free resources

Get our free investor tools and start building equity in Indy.

Use our calculators, download the map, and find off-market deals fast.

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Never miss a deal, insight, or off-market listing.

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Never miss a deal, insight, or off-market listing.

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Never miss a deal, insight, or off-market listing.