October 26, 2026
Matrix Multifamily Indianapolis Report – October 2026
Indianapolis’ cooling cycle
Indianapolis’ average advertised asking rent fell 0.1 percent on a T3 basis through August to $1,329, diverging from the 0.2 percent national increase. The metro is undergoing a broader cooldown, with softer occupancy coinciding with a dramatic pullback in deliveries, construction starts and investment activity.