{"id":6615,"date":"2026-10-27T11:17:00","date_gmt":"2026-10-27T11:17:00","guid":{"rendered":"https:\/\/www.yardimatrix.com\/blog\/?p=6615"},"modified":"2026-11-03T10:57:59","modified_gmt":"2026-11-03T10:57:59","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 October 2026"},"content":{"rendered":"\n<p><\/p>\n\n\n<h2>Market Momentum Continues to Moderate<\/h2>\n<p>Indianapolis multifamily fundamentals remained under pressure, with advertised asking rents declining 0.1% on a trailing three-month basis through August, to $1,329, according to the latest Yardi Matrix Indianapolis multifamily market report. This contrasted with the 0.2% U.S. increase to $1,773. Year-over-year, the metro\u2019s rents fell 0.2%, while the national average rose 0.2%, as per the latest <a href=\"\/blog\/national-multifamily-market-report\/\" rel=\"\"><strong>U.S. multifamily market report<\/strong><\/a>. Occupancy in stabilized properties declined 60 basis points year-over-year, to 93.1%.<\/p>\n<p><iframe id=\"datawrapper-chart-ggSwE\" style=\"width: 0; min-width: 100% !important; border: none;\" title=\"Indianapolis vs. National Rent Growth\" src=\"https:\/\/datawrapper.dwcdn.net\/ggSwE\/1\/\" height=\"326\" frameborder=\"0\" scrolling=\"no\" aria-label=\"Line chart\" data-external=\"1\"><\/iframe><script type=\"text\/javascript\">(function(){function e(){window.addEventListener(`message`,function(e){if(e.data[`datawrapper-height`]!==void 0){var t=document.querySelectorAll(`iframe`);for(var n in e.data[`datawrapper-height`])for(var r=0,i;i=t[r];r++)if(i.contentWindow===e.source){var a=e.data[`datawrapper-height`][n]+`px`;i.style.height=a}}})}e()})();<\/script><\/p>\n<p>Indianapolis employment growth declined 1.1% year-over-year through June, remaining negative for the seventh-consecutive month, while the national rate plateaued. Unemployment stood at 3.4% in August, below the 4.0% U.S. average but slightly above Indiana\u2019s 3.3% rate. Mining, logging and construction led job gains, while information and government posted the sharpest declines. Notable CRE drivers include IU Health\u2019s $4.3 billion downtown hospital campus.<\/p>\n<p><iframe id=\"datawrapper-chart-oXiza\" style=\"width: 0; min-width: 100% !important; border: none;\" title=\"Indianapolis Employment Share by Sector\" src=\"https:\/\/datawrapper.dwcdn.net\/oXiza\/1\/\" height=\"417\" frameborder=\"0\" scrolling=\"no\" aria-label=\"Table\" data-external=\"1\"><\/iframe><script type=\"text\/javascript\">(function(){function e(){window.addEventListener(`message`,function(e){if(e.data[`datawrapper-height`]!==void 0){var t=document.querySelectorAll(`iframe`);for(var n in e.data[`datawrapper-height`])for(var r=0,i;i=t[r];r++)if(i.contentWindow===e.source){var a=e.data[`datawrapper-height`][n]+`px`;i.style.height=a}}})}e()})();<\/script><\/p>\n<p>Supply activity slowed considerably. Indianapolis had 8,234 units underway as of August, while developers completed 686 apartments during the first eight months of the year, down from 5,113 units during the same period in 2025. Yardi Matrix expects 3,886 units to come online in 2026, below the five-year average of 4,076 units. Investment activity also moderated, with multifamily sales totaling $480 million through August, down from<br \/>$580 million a year earlier.<\/p>\n<p>Read the full Yardi Matrix Indianapolis Multifamily Market Report: <a href=\"https:\/\/www.yardimatrix.com\/multifamily-metro\/matrix-multifamily-indianapolis-report-october-2026\/\"><strong>October 2026<\/strong><\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Market Momentum Continues to Moderate Indianapolis multifamily fundamentals remained under pressure, with advertised asking rents declining 0.1% on a trailing three-month basis through August, to $1,329, according to the latest Yardi Matrix Indianapolis multifamily market report. This contrasted with the 0.2% U.S. increase to $1,773. Year-over-year, the metro\u2019s rents fell 0.2%, while the national average [&hellip;]<\/p>\n","protected":false},"author":753,"featured_media":11034,"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 v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\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 to delve into the market&#039;s fundamentals and more.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.yardimatrix.com\/blog\/indianapolis-multifamily-market-report\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Indianapolis Multifamily Market Report \u2013 October 2026\" \/>\n<meta property=\"og:description\" content=\"Access the newest Indianapolis multifamily market report from Yardi Matrix to delve into the market&#039;s fundamentals and more.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.yardimatrix.com\/blog\/indianapolis-multifamily-market-report\/\" \/>\n<meta property=\"og:site_name\" content=\"Yardi Matrix Blog\" \/>\n<meta property=\"article:published_time\" content=\"2026-10-27T11:17:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-11-03T10:57:59+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2026\/04\/Indianapolis-iStock-2280104900-MHN.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"900\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Razvan Cimpean\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Vicentiu Fusea\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Indianapolis Multifamily Market Report | Yardi Matrix Blog","description":"Access the newest Indianapolis multifamily market report from Yardi Matrix to delve into the market's fundamentals and more.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.yardimatrix.com\/blog\/indianapolis-multifamily-market-report\/","og_locale":"en_US","og_type":"article","og_title":"Indianapolis Multifamily Market Report \u2013 October 2026","og_description":"Access the newest Indianapolis multifamily market report from Yardi Matrix to delve into the market's fundamentals and more.","og_url":"https:\/\/www.yardimatrix.com\/blog\/indianapolis-multifamily-market-report\/","og_site_name":"Yardi Matrix Blog","article_published_time":"2026-10-27T11:17:00+00:00","article_modified_time":"2026-11-03T10:57:59+00:00","og_image":[{"width":1200,"height":900,"url":"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2026\/04\/Indianapolis-iStock-2280104900-MHN.jpg","type":"image\/jpeg"}],"author":"Razvan Cimpean","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Vicentiu Fusea","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.yardimatrix.com\/blog\/indianapolis-multifamily-market-report\/#article","isPartOf":{"@id":"https:\/\/www.yardimatrix.com\/blog\/indianapolis-multifamily-market-report\/"},"author":{"name":"Razvan Cimpean","@id":"https:\/\/www.yardimatrix.com\/blog\/#\/schema\/person\/694c0c0a53e89aa8de1e53ff8201b3b6"},"headline":"Indianapolis Multifamily Market Report \u2013 October 2026","datePublished":"2026-10-27T11:17:00+00:00","dateModified":"2026-11-03T10:57:59+00:00","mainEntityOfPage":{"@id":"https:\/\/www.yardimatrix.com\/blog\/indianapolis-multifamily-market-report\/"},"wordCount":208,"commentCount":0,"publisher":{"@id":"https:\/\/www.yardimatrix.com\/blog\/#organization"},"image":{"@id":"https:\/\/www.yardimatrix.com\/blog\/indianapolis-multifamily-market-report\/#primaryimage"},"thumbnailUrl":"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2026\/04\/Indianapolis-iStock-2280104900-MHN.jpg","keywords":["Indianapolis","Multifamily Outlook 2026"],"articleSection":["Metro Reports","Multifamily Market","Real Estate Trends"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.yardimatrix.com\/blog\/indianapolis-multifamily-market-report\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.yardimatrix.com\/blog\/indianapolis-multifamily-market-report\/","url":"https:\/\/www.yardimatrix.com\/blog\/indianapolis-multifamily-market-report\/","name":"Indianapolis Multifamily Market Report | Yardi Matrix Blog","isPartOf":{"@id":"https:\/\/www.yardimatrix.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.yardimatrix.com\/blog\/indianapolis-multifamily-market-report\/#primaryimage"},"image":{"@id":"https:\/\/www.yardimatrix.com\/blog\/indianapolis-multifamily-market-report\/#primaryimage"},"thumbnailUrl":"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2026\/04\/Indianapolis-iStock-2280104900-MHN.jpg","datePublished":"2026-10-27T11:17:00+00:00","dateModified":"2026-11-03T10:57:59+00:00","description":"Access the newest Indianapolis multifamily market report from Yardi Matrix to delve into the market's fundamentals and more.","breadcrumb":{"@id":"https:\/\/www.yardimatrix.com\/blog\/indianapolis-multifamily-market-report\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.yardimatrix.com\/blog\/indianapolis-multifamily-market-report\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.yardimatrix.com\/blog\/indianapolis-multifamily-market-report\/#primaryimage","url":"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2026\/04\/Indianapolis-iStock-2280104900-MHN.jpg","contentUrl":"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2026\/04\/Indianapolis-iStock-2280104900-MHN.jpg","width":1200,"height":900,"caption":"Photo by Dee Liu\/iStockphoto.com"},{"@type":"BreadcrumbList","@id":"https:\/\/www.yardimatrix.com\/blog\/indianapolis-multifamily-market-report\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.yardimatrix.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Indianapolis Multifamily Market Report \u2013 October 2026"}]},{"@type":"WebSite","@id":"https:\/\/www.yardimatrix.com\/blog\/#website","url":"https:\/\/www.yardimatrix.com\/blog\/","name":"Yardi Matrix Blog","description":"Stay current with the latest commercial real estate market trends and forecasts","publisher":{"@id":"https:\/\/www.yardimatrix.com\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.yardimatrix.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.yardimatrix.com\/blog\/#organization","name":"Yardi Matrix","url":"https:\/\/www.yardimatrix.com\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.yardimatrix.com\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2020\/11\/Inline_Matrix_Color_es-1.jpg","contentUrl":"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2020\/11\/Inline_Matrix_Color_es-1.jpg","width":200,"height":39,"caption":"Yardi Matrix"},"image":{"@id":"https:\/\/www.yardimatrix.com\/blog\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.linkedin.com\/company\/yardi-matrix\/","https:\/\/www.youtube.com\/channel\/UCRHgAZL4YoyeNEdiRN5uj0g"]},{"@type":"Person","@id":"https:\/\/www.yardimatrix.com\/blog\/#\/schema\/person\/694c0c0a53e89aa8de1e53ff8201b3b6","name":"Razvan Cimpean","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/a2a826ff843b4f800ff5528644dc28dc336a20ec16082b6108ff5a5def333e6d?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/a2a826ff843b4f800ff5528644dc28dc336a20ec16082b6108ff5a5def333e6d?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/a2a826ff843b4f800ff5528644dc28dc336a20ec16082b6108ff5a5def333e6d?s=96&d=mm&r=g","caption":"Razvan Cimpean"},"url":""}]}},"jetpack_featured_media_url":"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2026\/04\/Indianapolis-iStock-2280104900-MHN.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/posts\/6615","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/users\/753"}],"replies":[{"embeddable":true,"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/comments?post=6615"}],"version-history":[{"count":8,"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/posts\/6615\/revisions"}],"predecessor-version":[{"id":11035,"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/posts\/6615\/revisions\/11035"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/media\/11034"}],"wp:attachment":[{"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/media?parent=6615"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/categories?post=6615"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/tags?post=6615"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}