$0
Average Rent
$1,320 average rent in Indianapolis, Q3 2026
0%
Occupancy Rate
91% occupancy rate Indianapolis, Q3 2026
0
T4Q Net Absorption
3,881 T4Q net absorption in Indianapolis, Q3 2026
0%
Annual Rent Change
1% annual rent change in Indianapolis, Q3 2026
0
BPS Annual Occupancy Change
-30 BPS annual occupancy change in Indianapolis, Q3 2026
0
T4Q Unit Completions
3,295 T4Q net absorption in Indianapolis, Q3 2026
KEY TAKEAWAYS
- Annual absorption of 3,881 units outpaced the 3,295 units delivered over the past year, the first time demand has exceeded new supply since early 2022.
- Effective rents rose 0.5% year over year to $1,320, returning to positive annual growth after three quarters of slight declines.
- Occupancy held at 91.1%, while annual starts fell to their lowest level since early 2017 and the pipeline sits 55% below its 2023 peak.
MARKET OUTLOOK
Indianapolis has reached a turning point in its supply cycle. Annual demand has overtaken new deliveries for the first time in more than four years…
Indianapolis Advisors
Contact Our Local Team
Region
Northeast / Mid-Atlantic & Northeast
Office Location
Massachusetts
License Number
471.021452
Phone
Email
Region
Midwest / Heartland
Office Location
Missouri
License Number
00225447 (KS) & 2006007641 (MO)
Phone
Email
Region
Midwest / Heartland
Office Location
Missouri
License Number
2013036603
Phone
Email
Recent Heartland Research
Other investors in your market are reading this.
The data that informs when to sell, when to hold, and when the window is closing.