Looking for Qualified Property Management Companies in Indianapolis, IN?

We work tirelessly to find the best property managers, so you don’t have to. Please see our recommended property management companies below for your area or filter by property and zip for a perfect match.

Specialty # of Agencies
Single House or Condo 5
Apartment Buildings 5
Home Owners Association 5
Total Local Companies 10

The average rent for a 3 bedroom house in Indianapolis, IN is $1,104.00. When you receive your requested free market assessment, compare the average rent to what a property manager expects your property to rent for before making your decision on which manager to hire.

Indianapolis, IN Rental Market Overview

While hiring in the Indianapolis metro region increased by 2.1% over last year and more than 18,400 new jobs were created. Indianapolis has seen steady installation of luxury Class A apartment units. According to Tikijan Associates (a multi-housing investment advisory group, in Indianapolis: "nearly all of the new construction is in one of two categories: (i) tax credit affordable housing or (ii) Class A luxury apartments. The cost of new construction is simply too high to build conventionally financed properties (non-tax credit properties) unless rent can reach levels achieved only by upscale properties."

There are numerous factors to consider in unique rental markets like this one. That's why a number of landlords and independent investors consult with a local property manager prior to expanding or modifying their rental asset portfolios. These property managers often have insights that go far beyond the data found in investment firm spreadsheets and flashy executive summaries.

Indianapolis Renting Resources

> Indiana State Legal Regulations

> 300 Most Popular Property Management Companies

Top Single Family Managers

9595 Whitley Drive #200
Indianapolis, IN 46240

Managing: Single-Family : Multi-Family :
Indy's Full Service Property Management...FROM A to Z

4022 E. Southport Rd.
Indianapolis, IN 46237

Managing: Single-Family :
Experience that's affordable! We understand the needs of real estate investors and property owners.

2222 Cunningham Road Suite 2
Indianapolis, IN 46224

Managing: Single-Family : Multi-Family :
Are your Investment Properties being protected? Are you getting maximum ROI? Get a FREE Rental Property Analysis Today!

Top Multi-Family Managers

9595 Whitley Drive #200
Indianapolis, IN 46240

Managing: Single-Family : Multi-Family :
Indy's Full Service Property Management...FROM A to Z

2222 Cunningham Road Suite 2
Indianapolis, IN 46224

Managing: Single-Family : Multi-Family :
Are your Investment Properties being protected? Are you getting maximum ROI? Get a FREE Rental Property Analysis Today!

11650 Lantern Rd.
Fishers, IN 46038

Managing: Single-Family : Multi-Family :
Personal Real Estate Services Based on Honesty, Dedication, and Integrity.

Top Association Managers

545 Metro Place South , Suite 100
Dublin, OH 43017

Managing: Association :
Ohio's Association Management Leader

5702 Kirkpatrick Way
Indianapolis, IN 46220

Managing: Association :
Managing Neighborhoods, One Community at a Time

8425 Keystone Crossing #108
Indianapolis, IN 46240

Managing: Association :
Known for innovation, know-how and integrity in managing Homeowner and Condominium Associations.

Additional Property Management in Indianapolis, IN

800 S. Gay Street , Suite 700
Knoxville, TN 37929

Managing: Association :
We offer REMOTE and VIRTUAL accounting services to Community Associations.

8445 Vine Maple Way
Indianapolis, IN 46278

Managing: Single-Family : Multi-Family :
We take great pride in protecting our client's investments and love to go the extra mile to make our clients raving fans.

Managing: Multi-Family : Association :
Towne's 55+ years of Apartment and Association Management experience and service is unmatched!


Q2 2015 Rental Ranking Report

Big enough to offer all the choices and amenities one expects of a large city, yet small enough to make getting around manageable, the city of Indianapolis, the City of Statues, continues to be popular with residents of all types. Not only does it have the third-best downtown in America, , but USA Today as the winningest sports city in North America.

Q2 2015 Indianapolis Rental Market Update

In Q2 2015, Indianapolis was the fourth-best rental market in the Midwest and 30th-best in the country as a whole. Since Q1 2015, Indianapolis fell two spots in the Rental Ranking Report's regional rankings for the Midwestern U.S. and 12 spots in the national rankings.

Several key real estate statistics paint an unflattering picture of the Indianapolis rental real estate market. The Indianapolis vacancy rate was an astonishing 11.20 percent in Q2 2015, the seventh-highest vacancy rate in the country and 67 percent greater than the national average during that time period. Annual rental price appreciation, always an important metric for rental property investors to consider, was just 0.74 percent in Q2 2015 (85 percent less than the national average). Local property values are appreciating at a much faster rate - 3.74 percent year-over-year in Q2 2015 - but are still insignificant when compared to the national average for that metric during that period.

Regardless, Indianapolis rental real estate can still be a lucrative investment. The capitalization rate, a metric that compares annual rents to property values that is commonly used by investors to gauge the attractiveness of rental properties, was a whopping 8.75 percent for Indianapolis rentals in Q2 2015. This was the seventh-highest "cap rate" in the country and 28 percent higher than the national average during that period. This, combined with Indianapolis's moderately high annual job growth rate (2.36 percent) and roughly average median age of housing inventory (67 days), indicates that demand for Indianapolis housing is high enough that investors can generate quite good returns there.

Q1 2015 Indianapolis Rental Market Update

Halby found in its Q1 2015 Rental Ranking Report that Indianapolis is the second-best city for rental real estate investment in the Midwest. It's also the 18th-best rental market in the country out of the 75 markets we track, on the strength of its solid rental yields and a relatively low cost of living.

Indianapolis benefits from being the Indiana state capital, which equates to a good deal of economic stability, as state governments rarely engage in mass layoffs. This is reflected in its solid showing in the job growth category, with 2.97 percent employment growth in the city - 22nd-best out of 75 markets. While Indianapolis posts respectable rental market statistics across the board, it's a leader in cap rates, or the rate of rental return per dollar of home value. Its cap rate of 8.98 percent is the 9th best in the nation and shows that property owners can expect a nice rate of return on their rental properties there.

What data is this Rental Ranking Report based on?

To calculate the statistics found in the Q2 2015 Rental Ranking Report, Halby gathered data, including the most recent government housing and jobs data, for 75 metros across the United States. Specifically, we looked at home vacancy, capitalization, home value appreciation and job growth rates, changes in rental prices, and the average number of days properties have been on the market to determine which U.S. metros will give investors the highest returns on rental investments. Click here to learn more about the Rental Ranking metrics.

Should I invest in Indianapolis rental property?

Quite simply, there has never been a better time to invest in rental real estate in the Indianapolis metropolitan area. The combination of an excellent capitalization rate and a growing local economy indicates that investment properties in Indianapolis are promising indeed.

Thinking about renting out a property in Indianapolis? Save time, avoid hassle and maximize your rental income by having a professional property management company operate your rental property for you. Click here to get a free quote from a local property manager or call 877-780-4510 to have the Halby staff get quotes for you.

Halby specializes in connecting rental property owners with professional property managers in communities across the United States. These property managers help set rental rates, advertise properties, screen and manage tenants, collect rent, manage vendor relationships and ensure compliance with local, state and federal housing regulations. They take the hassle and worry out of managing rental properties - all while maximizing rental property owners' rental incomes.


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