{"id":6615,"date":"2026-04-27T11:17:00","date_gmt":"2026-04-27T11:17:00","guid":{"rendered":"https:\/\/www.yardimatrix.com\/blog\/?p=6615"},"modified":"2026-05-06T08:00:07","modified_gmt":"2026-05-06T08:00:07","slug":"indianapolis-multifamily-market-report","status":"publish","type":"post","link":"https:\/\/www.yardimatrix.com\/blog\/indianapolis-multifamily-market-report\/","title":{"rendered":"Indianapolis Multifamily Market Report \u2013 April 2026"},"content":{"rendered":"<h2>Rents Stay Flat, Development Keeps Up<\/h2>\n<p><br \/>Following steady growth last year, the Indianapolis multifamily market recorded a slower start to 2026, in line with seasonal patterns, according to the latest Yardi Matrix Indianapolis multifamily market report. The average advertised asking rent was flat, on a trailing three-month basis through February, to $1,310, outperforming the national rate by 10 basis points, as per the latest <a href=\"\/blog\/national-multifamily-market-report\/\" rel=\"\"><strong>U.S. multifamily market report<\/strong><\/a>. Year-over-year, rents in the metro were up 1.1%, placing it eighth among the top 30 metros tracked by Yardi Matrix.<\/p>\n<p><iframe id=\"datawrapper-chart-hXS11\" style=\"width: 0; min-width: 100% !important; border: none;\" title=\"Indianapolis vs. National Rent Growth\" src=\"https:\/\/datawrapper.dwcdn.net\/hXS11\/1\/\" height=\"334\" frameborder=\"0\" scrolling=\"no\" aria-label=\"Line chart\" data-external=\"1\"><\/iframe><script type=\"text\/javascript\">window.addEventListener(\"message\",function(a){if(void 0!==a.data[\"datawrapper-height\"]){var e=document.querySelectorAll(\"iframe\");for(var t in a.data[\"datawrapper-height\"])for(var r,i=0;r=e[i];i++)if(r.contentWindow===a.source){var d=a.data[\"datawrapper-height\"][t]+\"px\";r.style.height=d}}});<\/script>\u00a0<\/p>\n<p><br \/>Employment was up 0.8% year-over-year through December, 20 basis points above the U.S. figure, marking a slight improvement over the slower summer months. Only three sectors recorded net positive gains over the 12-month period ending in December 2025, led by education and health services, which added 7,600 positions. The area\u2019s unemployment rate stood at 2.5% as of December, 190 basis points below the national figure, according to preliminary data from the Bureau of Labor Statistics. Meta will invest more than $10 billion in a 1-gigawatt data center campus and community infrastructure in Lebanon, Ind. The development will generate more than 4,000 construction jobs in the area, as well as 300 operational jobs.<\/p>\n<p><iframe id=\"datawrapper-chart-PaaYR\" style=\"width: 0; min-width: 100% !important; border: none;\" title=\"Indianapolis Employment Share by Sector\" src=\"https:\/\/datawrapper.dwcdn.net\/PaaYR\/1\/\" height=\"416\" frameborder=\"0\" scrolling=\"no\" aria-label=\"Table\" data-external=\"1\"><\/iframe><script type=\"text\/javascript\">window.addEventListener(\"message\",function(a){if(void 0!==a.data[\"datawrapper-height\"]){var e=document.querySelectorAll(\"iframe\");for(var t in a.data[\"datawrapper-height\"])for(var r,i=0;r=e[i];i++)if(r.contentWindow===a.source){var d=a.data[\"datawrapper-height\"][t]+\"px\";r.style.height=d}}});<\/script>\u00a0<\/p>\n<p><br \/>Developers added 6,075 units to the metro in 2025, with completions accounting for 2.9% of existing stock, 30 basis points below the national figure. Construction starts more than doubled in 2025 compared to the projects that were started in the previous year.<\/p>\n<p>Read the full Yardi Matrix Indianapolis Multifamily Market Report: <a href=\"https:\/\/www.yardimatrix.com\/publications\/download\/file\/8545-MatrixMultifamilyIndianapolisReport-April2026\"><strong>April 2026<\/strong><\/a><\/p>\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Rents Stay Flat, Development Keeps Up Following steady growth last year, the Indianapolis multifamily market recorded a slower start to 2026, in line with seasonal patterns, according to the latest Yardi Matrix Indianapolis multifamily market report. The average advertised asking rent was flat, on a trailing three-month basis through February, to $1,310, outperforming the national [&hellip;]<\/p>\n","protected":false},"author":753,"featured_media":10280,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[12,5,4],"tags":[8,519],"class_list":["post-6615","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-metro-reports","category-multifamily-market","category-real-estate-trends","tag-indianapolis","tag-multifamily-outlook-2026"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Indianapolis Multifamily Market Report | Yardi Matrix Blog<\/title>\n<meta name=\"description\" content=\"Access the newest Indianapolis multifamily market report from Yardi Matrix 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