6 Cities Near Indianapolis to Buy or Rent in this Year


Indianapolis is known for hosting amazing events like the Indy 500, but there is so much more that makes this city great. From beautiful parks and waterways to memorials and historical landmarks, there is something for everyone to enjoy in Indy.

That said, Indianapolis isn’t for everyone. Luckily, there are numerous cities near Indianapolis that may better fit your budget and needs while still keeping you within commuting distance of the city. Here are six cities near Indianapolis to consider buying or renting in this year. 

view of downtown indianapolis indiana

#1: Lawrence, IN

Miles from Indianapolis: 12
Population: 50,000
Median home sale price: $272,500 
Walk Score: 24
Bike Score: 10
Transit Score: 39

If you want to live in the suburbs but be close to the action, Lawrence, Indiana, is one of the best cities to live near Indianapolis. Located just outside of the city center, this suburb of Indianapolis is perfect for the Hoosier who wants to live almost city life.

There is a lot to do for those living in Lawrence. There are plenty of shopping and dining options in the downtown area. The city also has several parks, including Fort Benjamin Harrison State Park, which is a great place for hiking, biking, and picnicking. There are also several historical sites in Lawrence, such as the Fort Harrison State Park Historic Site and the Lawrenceburg Speedway.

Homes for sale in Lawrence, IN
Apartments for rent in Lawrence, IN

#2: Greenwood, IN

Miles from Indianapolis: 15
Population: 59,000
Median home sale price: $350,000 
Average 1-bed rent: $1,035 
Walk Score: 25
Transit Score: 40

Greenwood, IN, is a suburban city located on the south side of Indianapolis in Johnson County. Greenwood offers residents a small-town feel while only being 20 minutes away from downtown Indianapolis.

Greenwood is a great place for a wide range of activities, from dining at delicious restaurants to visiting one of the many parks. The Skillman Museum Speed Shop and Nut Houch Art Gallery are two of the most popular museums in Greenwood. The city also has a unique art and culture scene, with performing arts venues like Greenwood Amphitheatre and GJC Talent Performing Arts Studio. Home to Craig Park, Westside Park, and University Playground, there are plenty of scenic parks where you can spend a relaxing afternoon.

Homes for sale in Greenwood, IN
Apartments for rent in Greenwood, IN

#3: Fishers, IN

Miles from Indianapolis: 21
Population: 93,500
Median home sale price: $385,500 
Average 1-bed rent: $1,622 
Walk Score: 18
Transit Score: 52

Fishers, IN, is known for Conner Prairie, one of the most well-known interactive living history museums in the United States. With a population of over 93,000, this vibrant, developing Indiana city has received national accolades for livability and entrepreneurship. Fishers is relatively young as a city, only becoming official as of January 2015. However, the city boasts over 500 acres of land and 104 miles of nature trails.

There are many things to do in Fishers, Indiana. There are several parks, including the Fishers Heritage Park, which has a playground, picnic areas, and walking trails. For shopping, there is the Hamilton Town Center, which has over 100 stores and restaurants. For a taste of the city, be sure to try the Chatham Tap Restaurant & Pub, Thai Kitchen Restaurant, and Sahm’s Restaurant at 116th.

Homes for sale in Fishers, IN
Apartments for rent in Fishers, IN

#4: Carmel, IN

Miles from Indianapolis: 23
Population: 99,000
Median home sale price: $502,250 
Average 1-bed rent: $1,488 
Walk Score: 19
Transit Score: 54

Carmel is located just north of Indianapolis. The city is known for its many shopping and dining options, as well as its many parks and trails. Carmel is also home to several large employers, including Eli Lilly and Company and Rolls-Royce.

There are many things to do in Carmel, Indiana. For history buffs, the Conner Prairie Museum is a must-see. The museum offers a variety of interactive exhibits that tell the story of early Indiana settlers. Visitors can also explore the grounds of the museum, which include a working farm and a reconstructed 19th-century village. For those looking for a more active experience, Carmel is home to many golf courses and parks. The Monon Trail, a popular spot for walking, running, and biking, runs through the city, and the Carmel Clay Parks & Recreation Department operates several facilities, including an aquatic center and an indoor ice rink.

Homes for sale in Carmel, IN
Apartments for rent in Carmel, IN

aerial view of noblesville at sunset

#5: Noblesville, IN

Miles from Indianapolis: 27
Population: 64,500
Median home sale price: $341,500 
Average 1-bed rent: $1,210 
Walk Score: 15
Transit Score: 44

Noblesville is a city in Hamilton County, just north of Indianapolis. The city is known for its strong community spirit and its many parks and trails. Noblesville is also home to various businesses and industries, including a growing number of tech companies.

There are several things to do in Noblesville, Indiana. Some of the most popular attractions include the Hamilton County Fairgrounds, the Conner Prairie Interactive History Park, and the Noblesville Millers minor league baseball team. 

Homes for sale in Noblesville, IN
Apartments for rent in Noblesville, IN

#6: Anderson, IN

Miles from Indianapolis: 44
Population: 54,500
Median home sale price: $147,100 
Average 1-bed rent: $710 
Walk Score: 34
Transit Score: 40

Anderson is located in the central part of the state, about 44 miles northeast of Indianapolis. The city is known for its industries, including auto manufacturing and glassmaking. The city is also home to several colleges and universities, including Anderson University.

There’s plenty to keep you busy if you live in Anderson. There are several parks and recreation areas, including Mounds State Park, which features hiking trails, a nature center, and a playground. There is also the Hoosier Park Racing & Casino, the Anderson Symphony Orchestra, and the Anderson Center for the Arts.

Homes for sale in Anderson, IN
Apartments for rent in Anderson, IN


Methodology: All cities must have a population of more than 50,000 and be less than 50 miles away from Indianapolis.  Median home sale price data from the Redfin Data Center during August 2022. Average rental data from Rent.com during August 2022. Walk Score, Bike Score, and Transit Score from Walkscore.com during August 2022. Population data sourced from the United States Census Bureau.



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