Cheap Apartments for Rent 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 Nov 2026 compared to the previous month. Rent previously peaked in Oct 2025.
| Month | Average rent |
|---|---|
| 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 |
| Jul 2026 | $1,500 |
| Aug 2026 | $1,450 |
| Sep 2026 | $1,450 |
| Oct 2026 | $1,500 |
| Nov 2026 | $1,495 |
Average Rent By Bedroom and Home Type
In November 2026, Apartments and Condos were the most affordable home type to rent compared with Houses and Townhomes.
| 1 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $1,000 | $1,300 | $1,650 | $2,008 | $1,456 |
| Townhomes | — | $1,070 | $1,861 | — | $1,795 |
| Apartments and Condos | $975 | $1,300 | $1,650 | $957 | $1,299 |
| Houses | $1,250 | $1,300 | $1,695 | $2,095 | $1,595 |
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 $1,203 per month. This is about 38% lower than the national average.
- What are the cheapest months to find an apartment to rent in 46203?Last year, the cheapest month to find an apartment to rent was May 2025 when it was $1,390 per month.
- How many cheap apartments are available in 46203?There are 123 apartments to rent that are cheaper than the city’s average rent of $1,456.
- 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 $1,000 per month. That is about $5 more than the cost of a studio apartment.
- 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.
View this page in Spanish: Apartamentos baratos en renta en 46203 - 295 Rentas | Trulia