Cheap Apartments for Rent in 46203
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$825 - $850/mo
Studio-1 Bed
1 Bath1910 - 1912 Lexington Ave | 1910-1912 Lexington Ave #1912A,
Indianapolis, IN 46203
SPECIAL OFFERPET FRIENDLY$899 - $999/mo2 Beds1 BathWelcome to Dawson Village Welcome Home! | 2469 Dawson St #2461,
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 Jun 2026 compared to the previous month. Rent previously peaked in Oct 2025.
| Month | Average rent |
|---|---|
| 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 |
| Jun 2026 | $1,500 |
Average Rent By Bedroom and Home Type
In June 2026, Apartments and Condos were the most affordable home type to rent compared with Townhomes and Houses.
| 1 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $1,025 | $1,350 | $1,700 | $1,950 | $1,570 |
| Townhomes | $1,000 | $1,350 | $1,700 | — | $1,700 |
| Apartments and Condos | $1,100 | $1,395 | $1,650 | $849 | $1,350 |
| Houses | $775 | $1,350 | $1,749 | $1,995 | $1,749 |
Frequently Asked Questions about Rentals in 46203
- What is the average rent of an apartment in 46203?The average rent of an apartment in 46203 is $1,153 per month. This is about 41% lower than the national average.
- What is the average rent of a house in 46203?The average rent of a house in 46203 is $1,749 per month. This is about 10% lower than the national average.
- What is the average rent of a townhome in 46203?The average rent of a townhome in 46203 is $1,700 per month. This is about 13% lower than the national average.
- When is the average rent cheapest in 46203?In the last year, the average rent in 46203 was lowest in May 2025 when it was $1,390 per month.
- When is the average rent most expensive in 46203?In the last year, the average rent in 46203 was highest in Oct 2025 when it was $1,549 per month.
- How does the rent of a 1 bedroom apartment compare to a studio apartment in 46203?The average rent of a 1 bedroom apartment in 46203 is $1,025 per month. That is about $152 less than the cost of a studio apartment.
- How many available rental listings are in 46203?There are 198 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.