Apartments in 46040

9 rentals

Apartments For Rent Near 46040

We found 20 more apartments matching your filters just outside 46040

Average Rent Trends in 46040

Rent in 46040 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 Jul 2025.
MonthAverage rent
Jun 2025$1,250
Jul 2025$1,726
Aug 2025$1,490
Sep 2025$965
Oct 2025$1,594
Nov 2025$1,570
Dec 2025$1,535
Jan 2026$1,556
Feb 2026$1,630
Mar 2026$1,605
Apr 2026$1,600
May 2026$1,150
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 Houses.
1 bed2 beds3 beds4 bedsAll
All home types$1,100$1,292$1,800$3,000$1,650
Apartments and Condos$950$795$1,699—$1,699
Houses$1,100$1,650$3,900$3,000$3,000

Frequently Asked Questions about Apartments and Condos for rent in 46040

  • What is the average rent of an apartment in 46040?
    The average rent of an apartment in 46040 is $1,549 per month. This is about 20% lower than the national average.
  • When is the average rent cheapest in 46040?
    In the last year, the average rent in 46040 was lowest in Sep 2025 when it was $965 per month.
  • When is the average rent most expensive in 46040?
    In the last year, the average rent in 46040 was highest in Jul 2025 when it was $1,726 per month.
  • How does the rent of a 1 bedroom apartment compare to a studio apartment in 46040?
    The average rent of a 1 bedroom apartment in 46040 is $1,457 per month. That is about $832 more than the cost of a studio apartment.
  • How many apartments or condos are available to rent in 46040?
    There are 6 available apartments or condos to rent in 46040.
  • What are some cities near 46040?
    Some nearby cities include: Fortville, Ingalls, McCordsville, Pendleton, Fishers, Greenfield. These cities may have more rental options to explore.