Matrix Multifamily Indianapolis Report-October 2025

Indy’s Moderate but Healthy Gains

Indianapolis’ rents ticked up 0.1 percent on a T3 basis through August to an average of $1,307. That was on par with the U.S., though a slowdown from its spring performance. Following record-breaking supply gains last year, development moderated as well, with 4,096 units coming online YTD through August.

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