What is the rental vacancy rate in Indianapolis, IN?

Name: Vacancy rate in Indianapolis, IN, 2020–2024
Creator: US Census Bureau
License: https://www.census.gov/data/developers/about/terms-of-service.html

The rental vacancy rate in Indianapolis, IN is 5.0% (±0.6 points) (2020–2024 American Community Survey).

The homeowner vacancy rate is 1.2% (±0.2 points).

38,467 (±1,810) homes, 9.6% of all housing units, were vacant, a count that includes seasonal homes and homes being sold or rented.

In Indianapolis, the rental vacancy rate went from 7.7% in 2015–2019 to 5.0% in 2020–2024 (−2.7 percentage points), a measurable decrease.

Figures last updated on November 12, 2026.

Rental vacancy rate: 5.0% (±0.6 points)
Homeowner vacancy rate: 1.2% (±0.2 points)
Vacant homes: 38,467 (±1,810)

Vacancy in Indianapolis against Marion County, its state and the nation

Estimate (90% margin of error)
	Indianapolis	Marion County	Indiana	United States
Rental vacancy rate	5.0% (±0.6 points)	4.9% (±0.5 points)	5.6% (±0.3 points)	5.5%
Homeowner vacancy rate	1.2% (±0.2 points)	1.2% (±0.2 points)	0.8% (±0.1 points)	0.9%
Vacant housing units	38,467 (±1,810)	40,608 (±1,898)	260,559 (±6,417)	14,547,859

The rental vacancy rate is the share of rental homes that are vacant and for rent; it leaves out homes already rented but not yet moved into, and seasonal homes.

In Indianapolis, the rental vacancy rate is not measurably different from Marion County (4.9%).

It is not measurably different from Indiana (5.6%).

It is not measurably different from the national figure (5.5%).

Rental vacancy rate in places near Indianapolis

Nearest places with a published estimate, compared with Indianapolis
Place	Distance	Rental vacancy rate	Compared with this place
Indianapolis	—	5.0% (±0.6 points)	—
Center Township (Marion County)	0.4 mi	5.2% (±1.0 points)	Not measurably different
Spring Hill	4.7 mi	0.0% (±100.0 points)	Not measurably different
Wynnedale	4.8 mi	0.0% (±100.0 points)	Not measurably different
Warren Park	5.0 mi	17.0% (±9.1 points)	Higher
Rocky Ripple	5.2 mi	0.0% (±43.0 points)	Not measurably different
Beech Grove	5.2 mi	4.0% (±3.8 points)	Not measurably different
Speedway	5.5 mi	1.1% (±1.1 points)	Lower
Crows Nest	5.6 mi	0.0% (±100.0 points)	Not measurably different

Nearby places with a measurably lower figure: Speedway, IN (1.1%).

Nearby places with a measurably higher figure: Warren Park, IN (17.0%).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Rental vacancy rate across Marion County, place by place

Rank	Place	Rental vacancy rate
1	Warren Park	17.0% (±9.1 points)
2	Meridian Hills	13.6% (±23.5 points)
3	Lawrence Township	8.2% (±2.3 points)
4	Washington Township (Marion County)	6.8% (±1.4 points)
5	Lawrence	5.3% (±3.0 points)
6	Center Township (Marion County)	5.2% (±1.0 points)
7	Indianapolis	5.0% (±0.6 points)
8	Warren Township (Marion County)	4.5% (±1.4 points)
9 (tie)	Beech Grove	4.0% (±3.8 points)
9 (tie)	Perry Township (Marion County)	4.0% (±1.5 points)
11	Decatur Township	3.9% (±2.7 points)
12	Franklin Township (Marion County)	3.7% (±2.9 points)
13	Wayne Township (Marion County)	2.8% (±1.0 points)

Showing 13 of 25 places in Marion County, ranked from highest to lowest.

Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.

Margins of error are at the 90% confidence level.

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Questions about Indianapolis

Is it hard to find a rental in Indianapolis?

The rental vacancy rate in Indianapolis, IN is 5.0% (±0.6 points); a low rate means few rental homes stand empty and for rent at any time, which usually means more competition for each one.

Is the rental market in Indianapolis tighter than it was?

In Indianapolis, the rental vacancy rate went from 7.7% in 2015–2019 to 5.0% in 2020–2024 (−2.7 percentage points), a measurable decrease.

How many homes are vacant in Indianapolis?

An estimated 38,467 (±1,810) housing units, 9.6% of the total, including seasonal homes and homes waiting to be sold or rented.

Sources

To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Indianapolis city (balance), Indiana (place:36003, in state:18).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The 2015–2019 figures are DP04_0005E, DP04_0005M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0005E, DP04_0005M, DP04_0004E, DP04_0004M, DP04_0003E, DP04_0003M, DP04_0003PE, DP04_0003PM

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.