Cheap Apartments for Rent in 46203
173 rentals
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Use arrow keys to navigate$825 - $850/mo
Studio-1 Bed
1 Bath1910 - 1912 Lexington Ave | 1910-1912 Lexington Ave #1912A,
Indianapolis, IN 46203
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PET FRIENDLY$919 - $999/mo2 Beds1 BathWelcome to Dawson Village Welcome Home! | 2469 Dawson St #2415,
Indianapolis, IN 46203
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$995 - $1,895/mo1-2 Beds1-2 BathsEmhardt Apartments | 512 E Minnesota St #304,
Indianapolis, IN 46203
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PET FRIENDLY$1,121 - $1,687/mo1-4 Beds1-2 BathsKinwood Place | 4901 S Emerson Ave #1-204,
Indianapolis, IN 46203
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Average Rent Trends in 46203
Rent in 46203 varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent stayed about the same in May 2026 compared to the previous month. Rent previously peaked in Oct 2025.
| Month | Average rent |
|---|---|
| Jun 2025 | $1,489 |
| Jul 2025 | $1,445 |
| Aug 2025 | $1,425 |
| Sep 2025 | $1,500 |
| Oct 2025 | $1,549 |
| Nov 2025 | $1,475 |
| Dec 2025 | $1,400 |
| Jan 2026 | $1,400 |
| Feb 2026 | $1,450 |
| Mar 2026 | $1,475 |
| Apr 2026 | $1,500 |
| May 2026 | $1,495 |
Average Rent By Bedroom and Home Type
In May 2026, Townhomes were the most affordable home type to rent compared with Apartments and Condos and Houses.
| 1 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $1,100 | $1,396 | $1,700 | $1,895 | $1,500 |
| Townhomes | $1,050 | $1,300 | $1,695 | — | $1,300 |
| Apartments and Condos | $1,125 | $1,450 | $2,300 | $4,675 | $1,400 |
| Houses | $850 | $1,325 | $1,700 | $1,895 | $1,688 |
Frequently Asked Questions about Rentals in 46203
- What is the average rent in 46203?The average rent in 46203 is $1,500. Rent prices range from $650 to as much as $14,854, depending on the type of rental.
- How does the rent in 46203 compare to the national average?Average rent in 46203 is about 21% lower than the national average rent of $1,910. That means it is less expensive to rent in 46203 compared to the U.S. average.
- What is the average rent in 46203, by number of bedrooms?The average rent in 46203 is $1,249 for a studio, $1,100 for a 1 bedroom, $1,396 for a 2 bedroom, $1,700 for a 3 bedroom, and $1,895 for a 4 bedroom.
- How have rent prices in 46203 changed compared to last year?In the past year, the average rent price in 46203 has increased by $100. That means the average rent is 7% higher than last year.
- How many available rental listings are in 46203?There are 174 available rental listings in 46203.
- What are some cities near 46203?Some nearby cities include: Beech Grove, Indianapolis, Southport, Cumberland, Speedway, Greenwood. These cities may have more rental options to explore.