Cheap Apartments for Rent in 46151

29 rentals

Apartments For Rent Near 46151

We found 30 more apartments matching your filters just outside 46151

Average Rent Trends in 46151

Rent in 46151 varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent increased in Sep 2026 compared to the previous month. Rent previously peaked in Sep 2025.
MonthAverage rent
Oct 2025$1,103
Nov 2025$1,125
Dec 2025$1,095
Jan 2026$1,095
Feb 2026$1,000
Mar 2026$950
Apr 2026$950
May 2026$1,050
Jun 2026$1,095
Jul 2026$950
Aug 2026$980
Sep 2026$1,100
View as a graph

Average Rent By Bedroom and Home Type

In September 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$900$1,100$1,425$1,950$1,100
Townhomes—$1,350——$1,350
Apartments and Condos$900$950——$950
Houses$1,200—$1,500$1,950$1,590

Frequently Asked Questions about Rentals in 46151

  • What is the average rent of an apartment in 46151?
    The average rent of an apartment in 46151 is $1,013 per month. This is about 48% lower than the national average.
  • What are the cheapest months to find an apartment to rent in 46151?
    Last year, the cheapest month to find an apartment to rent was Jun 2025 when it was $760 per month.
  • How many cheap apartments are available in 46151?
    There are 17 apartments to rent that are cheaper than the city’s average rent of $1,100.
  • When is the average rent most expensive in 46151?
    In the last year, the average rent in 46151 was highest in Sep 2025 when it was $1,145 per month.
  • How does the rent of a 1 bedroom apartment compare to a studio apartment in 46151?
    The average rent of a 1 bedroom apartment in 46151 is $900 per month. That is about $50 more than the cost of a studio apartment.
  • What are some cities near 46151?
    Some nearby cities include: Martinsville, Bethany, Brooklyn, Paragon, Monrovia, Mooresville. These cities may have more rental options to explore.