indianapolis Multifamily Market Report
By CREhunt Research · Data through Q4 2025 · Aggregated from Marcus & Millichap
Quarterly multifamily market indicators for indianapolis, aggregated by CREhunt from Marcus & Millichap. As of Q4 2025, average asking rent was $1,328.00/unit/mo and vacancy was 4.8%, per Marcus & Millichap.
Projected current multifamily pricing — indianapolis
Modeled estimate (income approach) shown as a range — not an appraisal. No market-specific cap rate is published for indianapolis multifamily yet, so this applies the typical cap rate across comparable multifamily markets — treat it as a rough, indicative range that sharpens as sourced cap rates arrive. Projected asking rent × occupancy × net-operating-income margin band ÷ a benchmark cap rate, from Q4 2025 multiple brokerages asking-rent data (benchmark cap rate 5.1%–6.0%, asking rent held flat). Assumes ~92% occupancy (vacancy not reported) and a 52–65% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q4 2025 Marcus & Millichap | $1,328.00/unit/mo | 4.8% | — | — | Marcus & Millichap |
Frequently asked questions
- What is the average asking rent for multifamily space in indianapolis?
- As of Q4 2025, the average asking rent for multifamily space in indianapolis was $1,328.00/unit/mo, per Marcus & Millichap.
- What is the multifamily vacancy rate in indianapolis?
- The multifamily vacancy rate in indianapolis was 4.8% as of Q4 2025 (Marcus & Millichap).
- Where does CREhunt's indianapolis market data come from?
- This report aggregates quarterly multifamily market data for indianapolis from Marcus & Millichap.