Apartments in 46038

18 rentals

Apartments For Rent Near 46038

We found 30 more apartments matching your filters just outside 46038

Average Rent Trends in 46038

Rent in 46038 varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent for a apartment increased in Aug 2026 compared to the previous month. Rent for apartments peaked in Apr 2025.
MonthAverage rent
Sep 2025$1,691
Oct 2025$1,727
Nov 2025$1,760
Dec 2025$1,760
Jan 2026$1,778
Feb 2026$1,739
Mar 2026$1,733
Apr 2026$1,734
May 2026$1,667
Jun 2026$1,729
Jul 2026$1,720
Aug 2026$1,833
View as a graph

Average Rent By Bedroom and Home Type

In August 2026, Apartments and Condos were the most affordable home type to rent compared with Houses and Townhomes.
1 bed2 beds3 beds4 bedsAll
All home types$1,422$1,831$2,201$2,576$2,179
Townhomes—$1,900$2,500—$2,350
Apartments and Condos—$1,950$1,950—$1,950
Houses—$1,895$2,201$2,576$2,300

Frequently Asked Questions about Apartments and Condos for rent in 46038

  • What is the average rent of an apartment in 46038?
    The average rent of an apartment in 46038 is $1,822 per month. This is about 7% lower than the national average.
  • When is the average rent for an apartment cheapest in 46038?
    In the last year, the average rent in 46038 was lowest in Feb 2025 when it was $1,584 per month.
  • When is the average rent for an apartment most expensive in 46038?
    In the last year, the average rent in 46038 was highest in Apr 2025 when it was $2,025 per month.
  • How does the rent of a 1 bedroom apartment compare to a studio apartment in 46038?
    The average rent of a 1 bedroom apartment in 46038 is $1,387 per month. That is about $16 more than the cost of a studio apartment.
  • How many apartments or condos are available to rent in 46038?
    There are 19 available apartments or condos to rent in 46038.
  • What are some cities near 46038?
    Some nearby cities include: Fishers, Carmel, Lawrence, Noblesville, McCordsville, Westfield. These cities may have more rental options to explore.