Cheap Apartments for Rent in 46040

10 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 decreased in May 2026 compared to the previous month. Rent previously peaked in May 2025.
MonthAverage rent
Jun 2025$1,826
Jul 2025$2,209
Aug 2025$2,205
Sep 2025$2,200
Oct 2025$1,999
Nov 2025$2,020
Dec 2025$1,900
Jan 2026$1,900
Feb 2026$1,895
Mar 2026$1,811
Apr 2026$1,800
May 2026$1,699
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$725$1,299$1,937$2,975$2,499
Apartments and Condos$725$795$1,699$2,500$1,699
Houses$1,100$1,150$2,219$2,990$2,990

Frequently Asked Questions about Rentals in 46040

  • What is the average rent in 46040?
    The average rent in 46040 is $1,650. Rent prices range from $795 to as much as $3,995, depending on the type of rental.
  • How does the rent in 46040 compare to the national average?
    Average rent in 46040 is about 14% lower than the national average rent of $1,910. That means it is less expensive to rent in 46040 compared to the U.S. average.
  • What is the average rent in 46040, by number of bedrooms?
    The average rent in 46040 is $ for a studio, $1,100 for a 1 bedroom, $1,292 for a 2 bedroom, $1,800 for a 3 bedroom, and $3,000 for a 4 bedroom.
  • How have rent prices in 46040 changed compared to last year?
    In the past year, the average rent price in 46040 has decreased by $500. That means the average rent is 30% lower than last year.
  • How many available rental listings are in 46040?
    There are 12 available rental listings 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.