Long-term Rental Rates — August 2026 · ZIPs: 46615,46616,46628
Local market data by Estaite
As of August 2026, rental prices in Near Northwest / River Park, IN range from $1,054 to $1,886 per month depending on property type and bedroom count.
The largest year-over-year increase was seen in 4BR apartments, which rose 12.20% since August 2025.
For 2BR units, the median rent for condos/townhomes is $1,386, compared to $1,296 for apartments.
What are the current rent prices in Near Northwest / River Park, IN?
As of August 2026, rents in Near Northwest / River Park, IN range from $1,054 for a 1BR apartment to $1,886 for a 4BR apartment.
Is there a segment with an unusual rent figure in Near Northwest / River Park, IN?
The 1BR condo/townhome segment stands out with a 3.98% month-over-month increase, reaching $1,208 in August 2026.
What are the exact year-over-year rent changes for different property types in Near Northwest / River Park, IN?
In August 2026, 4BR apartments increased 12.20% YoY while 2BR single-family homes showed a -0.57% YoY change.
What is the rent premium between 2BR condos/townhomes and 2BR apartments in Near Northwest / River Park, IN?
In August 2026, 2BR condos/townhomes rent for $1,386, which is $90 higher than 2BR apartments at $1,296 in Near Northwest / River Park, IN.
Near Northwest / River Park, IN
August 2026
46615,46616,46628
Long-term Rental Rates
Apartment
Unit Type
Price
1 Mo Change
1 Yr Change
1-Bedroom
$999 – $1,029
-3.26%
-0.66%
2-Bedroom
$1,166 – $1,202
-7.68%
-2.62%
3-Bedroom
$1,638 – $1,757
1.61%
9.25%
4-Bedroom
$1,838 – $1,961
0.75%
12.20%
Condo/Townhome
Unit Type
Price
1 Mo Change
1 Yr Change
1-Bedroom
$1,171 – $1,244
3.98%
11.13%
2-Bedroom
$1,357 – $1,418
-4.38%
5.39%
3-Bedroom
$1,772 – $1,901
0.75%
9.89%
4-Bedroom
$1,862 – $1,957
0.71%
10.14%
Single-Family
Unit Type
Price
1 Mo Change
1 Yr Change
1-Bedroom
$1,165 – $1,225
0.05%
7.72%
2-Bedroom
$1,123 – $1,192
-2.43%
-0.34%
3-Bedroom
$1,328 – $1,410
-1.75%
0.32%
4-Bedroom
$1,691 – $1,832
3.92%
11.96%
Data updated: September 23, 2026
Near Northwest / River Park Rental Trends
In the Near Northwest / River Park (46615, 46616, 46628) rental market, 3-bedroom apartments posted a 1.61% month-over-month rent increase to a median of $1,698 for August 2026. Compared to other segments, this suggests notable monthly momentum in the larger apartment space within Near Northwest / River Park (46615, 46616, 46628).
Rent growth for 1-bedroom condos in Near Northwest / River Park (46615, 46616, 46628) reached 3.975% month-over-month, lifting median rents to $1,208. This segment leads the 1BR market, with condos exceeding apartments by $160 and single-family homes by $13.
The Near Northwest / River Park (46615, 46616, 46628) rental trends show a 2.68% month-over-month decrease for 2-bedroom single-family homes, now at a median of $1,155. With a matching -0.61% year-over-year decline, this is the only 2BR segment in the area to post both short-term and annual rent drops in the period analyzed.