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 decreased in May 2026 compared to the previous month. Rent previously peaked in Apr 2025.
MonthAverage rent
Jun 2025$1,678
Jul 2025$1,771
Aug 2025$1,676
Sep 2025$1,691
Oct 2025$1,727
Nov 2025$1,760
Dec 2025$1,760
Jan 2026$1,778
Feb 2026$1,737
Mar 2026$1,734
Apr 2026$1,734
May 2026$1,667
View as a graph

Average Rent By Bedroom and Home Type

In May 2026, Apartments and Condos were the most affordable home type to rent compared with Townhomes and Houses.
1 bed2 beds3 beds4 bedsAll
All home types$1,348$1,695$2,250$2,840$2,200
Townhomes—$2,200$2,395$3,300$2,300
Apartments and Condos—$1,650$2,100$8,523$1,798
Houses—$2,150$2,295$2,750$2,390

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 $1,750 per month. This is about 9% lower than the national average.
  • When is the average rent 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 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 $1,336 per month. That is about $38 less than the cost of a studio apartment.
  • How many apartments or condos are available to rent in 46038?
    There are 22 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.