Rentometer, Inc. | Data as of 10/22/2025
Speedway, Indiana, offers a vibrant rental landscape that blends historic charm with modern convenience. Nestled just west of Indianapolis, the city is renowned for the iconic Indianapolis Motor Speedway, drawing motorsport enthusiasts year‑round, while its tree‑lined neighborhoods and walkable downtown provide a welcoming atmosphere for residents. Proximity to major highways, local eateries, and cultural venues makes it an attractive option for both professionals and families seeking a dynamic yet comfortable urban setting.
The rental market reflects a diverse range of housing choices. Apartment seekers will find one‑bedroom units typically priced in the $900‑$1,000 range, two‑bedroom apartments around the $1,200 mark, and spacious three‑bedroom layouts approaching the $1,600s. For those preferring a house, one‑bedroom properties hover near $1,100, two‑bedroom homes are commonly listed in the $1,400‑$1,500 range, and larger three‑bedroom houses can reach the $1,900s. This variety accommodates a wide spectrum of budgets and lifestyle preferences, from students and young professionals to growing families.
Beyond housing, Speedway boasts a blend of recreational assets, including the historic downtown district with boutique shops and cafés, the scenic White River Trail for outdoor activities, and numerous community events that foster a strong neighborhood spirit. The city’s convenient access to Indianapolis’ employment centers, combined with its own local amenities, makes Speedway a sought‑after destination for renters looking for both affordability and quality of life.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | 1 Bedroom | $983 | $874 | $699 - $1,865 | $742 - $1,182 |
| Apartment | 2 Bedroom | $1,283 | $1,185 | $973 - $1,869 | $1,071 - $1,480 |
| Apartment | 3 Bedroom | $1,667 | $1,647 | $1,400 - $2,012 | $1,499 - $1,765 |
| House | 1 Bedroom | $1,148 | $920 | $905 - $1,850 | $920 - $1,850 |
| House | 2 Bedroom | $1,462 | $1,500 | $975 - $2,200 | $1,050 - $1,550 |
| House | 3 Bedroom | $1,976 | $1,780 | $1,400 - $3,200 | $1,650 - $1,850 |
In the current period, the average rent in Speedway was
$997 for 1 Bedroom,
$1,305 for 2 Bedroom, and
$1,778 for 3 Bedroom.
Note: This analysis includes only bedroom types with sufficient data.
Data provided by Rentometer, Inc.