Cheap Apartments for Rent in 46204
59 rentals
Use arrow keys to navigateSPECIAL OFFERPET FRIENDLY$895 - $995/mo
1 Bed
1 BathIndy Christian Place Apartments LLC | 824 N Alabama St #8,
Indianapolis, IN 46204
Use arrow keys to navigateSPECIAL OFFERPET FRIENDLY$962 - $1,815/moStudio-2 Beds1-2 BathsMaxwell Apartments | 530 E Ohio St #220,
Indianapolis, IN 46204
Use arrow keys to navigateSPECIAL OFFERPET FRIENDLY$975 - $1,195/mo1 Bed1 BathIndy Downtown Colonial Apartments | 126 E Vermont St #306,
Indianapolis, IN 46204
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Use arrow keys to navigatePET FRIENDLY$1,062 - $3,629/moStudio-2 Beds1-3 BathsRiley Towers | 650 N Alabama St #30209,
Indianapolis, IN 46204
Use arrow keys to navigatePET FRIENDLY$1,090 - $1,760/moStudio-2 Beds1-2 BathsHarness Factory Lofts | 30 E Georgia St #107,
Indianapolis, IN 46204
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PET FRIENDLY$1,181 - $1,245/mo1 Bed1 BathThe Ambassador at Library Square | 39 E 9th St #503,
Indianapolis, IN 46204
NEW - 2 DAYS AGOPET FRIENDLY
SPECIAL OFFERPET FRIENDLY
NEW - 18 HRS AGOPET FRIENDLY$1,211 - $2,280/moStudio-3 Beds1-2 BathsArtistry Indy | 451 E Market St #411,
Indianapolis, IN 46204
NEW - 1 DAY AGOPET FRIENDLY$1,225 - $2,125/moStudio-2 Beds1-2 BathsThe Congress at Library Square | 923 N Meridian St #533,
Indianapolis, IN 46204
PET FRIENDLY$1,249 - $1,399/mo1-2 Beds1 BathPenn Street Tower Apartments | 115 N Pennsylvania St #204,
Indianapolis, IN 46204
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SPECIAL OFFERPET FRIENDLY$1,305 - $3,187/moStudio-1 Bed1-2 BathsPenrose on Mass | 530 Massachusetts Ave #252,
Indianapolis, IN 46204
PET FRIENDLY$1,310 - $1,765/mo1-2 Beds1-2 BathsBlacherne At Vermont Place | 402 N Meridian St #406,
Indianapolis, IN 46204
SPECIAL OFFERPET FRIENDLY$1,339 - $2,447/moStudio-2 Beds1-3 BathsCirca Apartments | 617 N College Ave #2218,
Indianapolis, IN 46204
SPECIAL OFFERPET FRIENDLY$1,342 - $5,112/moStudio-3 Beds1-4 BathsThe Whit Apartments | 307 N Pennsylvania St #447,
Indianapolis, IN 46204
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SPECIAL OFFERPET FRIENDLY$1,435 - $1,855/mo1-2 Beds1-2 BathsRink Savoy Apartments | 401 N Illinois St #4I,
Indianapolis, IN 46204
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PET FRIENDLY$1,472 - $1,630/mo1 Bed1 BathLockerbie Court on Mass Ave | 459 Massachusetts Ave #412E,
Indianapolis, IN 46204
SPECIAL OFFER$1,550 - $2,245/mo1-2 Beds1-2 BathsContinental Towers | 410 N Meridian St #512,
Indianapolis, IN 46204
PET FRIENDLY
PET FRIENDLY$1,701 - $3,939/moStudio-3 Beds1-3 Baths220 Meridian | 220 N Meridian St #1109,
Indianapolis, IN 46204
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Average Rent Trends in 46204
Rent in 46204 varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent increased in May 2026 compared to the previous month. Rent previously peaked in Aug 2025.
| Month | Average rent |
|---|---|
| Jun 2025 | $1,843 |
| Jul 2025 | $1,700 |
| Aug 2025 | $1,892 |
| Sep 2025 | $1,849 |
| Oct 2025 | $1,822 |
| Nov 2025 | $1,850 |
| Dec 2025 | $1,763 |
| Jan 2026 | $1,850 |
| Feb 2026 | $1,819 |
| Mar 2026 | $1,894 |
| Apr 2026 | $2,066 |
| May 2026 | $2,093 |
Average Rent By Bedroom and Home Type
In May 2026, Houses were the most affordable home type to rent compared with Apartments and Condos and Townhomes.
| 1 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $1,617 | $2,199 | $4,063 | — | $1,970 |
| Townhomes | — | $2,650 | — | — | $2,650 |
| Apartments and Condos | $2,122 | $2,258 | $4,345 | — | $2,204 |
| Houses | $1,600 | — | — | — | $1,617 |
Frequently Asked Questions about Rentals in 46204
- What is the average rent of an apartment in 46204?The average rent of an apartment in 46204 is $1,814 per month. This is about 6% lower than the national average.
- What is the average rent of a house in 46204?The average rent of a house in 46204 is $1,617 per month. This is about 16% lower than the national average.
- What is the average rent of a townhome in 46204?The average rent of a townhome in 46204 is $2,650 per month. This is about 37% higher than the national average.
- When is the average rent cheapest in 46204?In the last year, the average rent in 46204 was lowest in Feb 2025 when it was $1,530 per month.
- When is the average rent most expensive in 46204?In the last year, the average rent in 46204 was highest in Aug 2025 when it was $1,892 per month.
- How does the rent of a 1 bedroom apartment compare to a studio apartment in 46204?The average rent of a 1 bedroom apartment in 46204 is $1,617 per month. That is about $152 more than the cost of a studio apartment.
- How many available rental listings are in 46204?There are 61 available rental listings in 46204.
- What are some cities near 46204?Some nearby cities include: Indianapolis, Speedway, Beech Grove, Southport, Cumberland, Lawrence. These cities may have more rental options to explore.