Cheap Apartments for Rent in 46036
19 rentals
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$900 - $925/mo
Studio-1 Bed
1 Bath317 South Anderson Street | 317 S Anderson St #11216929,
Elwood, IN 46036
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PET FRIENDLY$1,005 - $1,325/mo1-2 Beds1-2 BathsBison Ridge Estates | 9401 Frans Way #ca2097aef,
Elwood, IN 46036
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Apartments For Rent Near 46036
We found 11 more apartments matching your filters just outside 46036
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Average Rent Trends in 46036
Rent in 46036 varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent stayed about the same in Jun 2026 compared to the previous month. Rent previously peaked in Nov 2025.
| Month | Average rent |
|---|---|
| Jul 2025 | $1,500 |
| Aug 2025 | $1,400 |
| Sep 2025 | $1,500 |
| Oct 2025 | $1,400 |
| Nov 2025 | $1,750 |
| Dec 2025 | $1,535 |
| Jan 2026 | $1,395 |
| Feb 2026 | $1,192 |
| Mar 2026 | $1,180 |
| Apr 2026 | $1,000 |
| May 2026 | $926 |
| Jun 2026 | $935 |
Average Rent By Bedroom and Home Type
In July 2026, Apartments and Condos were the most affordable home type to rent compared with Houses and Townhomes.
| 1 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $831 | $1,055 | $1,695 | — | $925 |
| Townhomes | $850 | — | $1,695 | — | $1,695 |
| Apartments and Condos | $725 | $1,250 | — | — | $725 |
| Houses | — | $599 | $1,750 | — | $1,595 |
Frequently Asked Questions about Rentals in 46036
- What is the average rent of an apartment in 46036?The average rent of an apartment in 46036 is $786 per month. This is about 60% lower than the national average.
- When is the average rent cheapest in 46036?In the last year, the average rent in 46036 was lowest in May 2025 when it was $856 per month.
- When is the average rent most expensive in 46036?In the last year, the average rent in 46036 was highest in Nov 2025 when it was $1,750 per month.
- How does the rent of a 1 bedroom apartment compare to a studio apartment in 46036?The average rent of a 1 bedroom apartment in 46036 is $831 per month. That is about $36 more than the cost of a studio apartment.
- How many available rental listings are in 46036?There are 21 available rental listings in 46036.
- What are some cities near 46036?
View this page in Spanish: Apartamentos baratos en renta en los alrededores de 46036 - 50 Rentas | Trulia