Matrix Multifamily Indianapolis Report-April 2026 April 22, 2026

Indy’s moderate growth

Average advertised asking rents remained flat on a trailing T3 basis through February, at $1,310, but outperformed the national average by 10 bps. Developers added 6,075 units to the metro in 2025, with completions accounting for 2.9 percent of existing stock, 30 bps below the U.S. figure.