Cheap Apartments for Rent in 46040

33 rentals

Apartments For Rent Near 46040

We found 30 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 stayed about the same in Sep 2026 compared to the previous month. Rent previously peaked in May 2025.
MonthAverage rent
Oct 2025$1,999
Nov 2025$2,020
Dec 2025$1,900
Jan 2026$1,900
Feb 2026$1,895
Mar 2026$1,810
Apr 2026$1,800
May 2026$1,699
Jun 2026$1,600
Jul 2026$1,875
Aug 2026$2,000
Sep 2026$1,996
View as a graph

Average Rent By Bedroom and Home Type

In October 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$1,244$1,800$2,450$1,995
Apartments and Condos$1,000—$1,995—$1,883
Houses$1,100$1,150$1,500$2,450$2,450

Frequently Asked Questions about Rentals in 46040

  • What is the average rent of an apartment in 46040?
    The average rent of an apartment in 46040 is $1,641 per month. This is about 16% lower than the national average.
  • What are the cheapest months to find an apartment to rent in 46040?
    Last year, the cheapest month to find an apartment to rent was Jan 2025 when it was $1,815 per month.
  • How many cheap apartments are available in 46040?
    There are 22 apartments to rent that are cheaper than the city’s average rent of $1,995.
  • When is the average rent most expensive in 46040?
    In the last year, the average rent in 46040 was highest in May 2025 when it was $2,600 per month.
  • 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.
View this page in Spanish: Apartamentos baratos en renta en los alrededores de 46040 - 222 Rentas | Trulia