Cheap Apartments for Rent in 46204
48 rentals
Use arrow keys to navigateSPECIAL OFFERPET FRIENDLY$1,000 - $1,407/mo
1-2 Beds
1 BathIndy Christian Place Apartments LLC | 824 N Alabama St,
Indianapolis, IN 46204
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Use arrow keys to navigateSPECIAL OFFERPET FRIENDLY$1,020 - $1,270/mo1 Bed1 BathIndy Downtown Colonial Apartments | 126 E Vermont St,
Indianapolis, IN 46204
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Use arrow keys to navigatePET FRIENDLY$1,097 - $1,900/moStudio-2 Beds1-2 BathsThe Congress at Library Square | 923 N Meridian St,
Indianapolis, IN 46204
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PET FRIENDLY$1,157 - $2,425/moStudio-2 Beds1-2 BathsCirca Apartments | 617 N College Ave,
Indianapolis, IN 46204
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PET FRIENDLY$1,199 - $1,499/mo1-2 Beds1 BathPenn Street Tower Apartments | 115 N Pennsylvania St,
Indianapolis, IN 46204
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PET FRIENDLY$1,224 - $1,780/moStudio-2 Beds1-2 BathsHarness Factory Lofts | 30 E Georgia St,
Indianapolis, IN 46204
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PET FRIENDLY$1,287 - $3,192/moStudio-3 Beds1-2 BathsThe Whit Apartments | 307 N Pennsylvania St,
Indianapolis, IN 46204
SPECIAL OFFERPET FRIENDLY$1,295 - $1,999/mo1-2 Beds1-2 BathsBlacherne At Vermont Place | 402 N Meridian St,
Indianapolis, IN 46204
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SPECIAL OFFERPET FRIENDLY$1,399 - $2,499/mo1-2 Beds1-2 BathsThe Pointe on Mass | 525 Massachusetts Ave,
Indianapolis, IN 46204
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SPECIAL OFFERPET FRIENDLY$1,420 - $4,550/moStudio-3 Beds1-2 BathsIndustry Indianapolis | 421 N Pennsylvania St,
Indianapolis, IN 46204
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SPECIAL OFFERPET FRIENDLY$1,438 - $3,446/moStudio-2 Beds1-2 BathsPenrose on Mass | 530 Massachusetts Ave,
Indianapolis, IN 46204
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PET FRIENDLY$1,476 - $1,631/mo2 Beds2 BathsThe Plaza at Library Square | 902 N Pennsylvania St,
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 decreased in Sep 2026 compared to the previous month. Rent previously peaked in Aug 2025.
| Month | Average rent |
|---|---|
| Oct 2025 | $1,822 |
| Nov 2025 | $1,850 |
| Dec 2025 | $1,763 |
| Jan 2026 | $1,850 |
| Feb 2026 | $1,840 |
| Mar 2026 | $1,894 |
| Apr 2026 | $2,066 |
| May 2026 | $2,087 |
| Jun 2026 | $1,795 |
| Jul 2026 | $1,836 |
| Aug 2026 | $1,795 |
| Sep 2026 | $1,694 |
Average Rent By Bedroom and Home Type
In October 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 | $1,507 | $1,941 | $2,697 | — | $1,740 |
| Townhomes | — | — | $3,000 | — | $3,000 |
| Apartments and Condos | $1,500 | $2,400 | $10,000 | — | $2,150 |
| Houses | — | — | — | — | $3,000 |
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 $1,845 per month. This is about 5% lower than the national average.
- What are the cheapest months to find an apartment to rent in 46204?Last year, the cheapest month to find an apartment to rent was Feb 2025 when it was $1,530 per month.
- How many cheap apartments are available in 46204?There are 33 apartments to rent that are cheaper than the city’s average rent of $1,740.
- 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 $1,507 per month. That is about $99 more than the cost of a studio apartment.
- 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.
View this page in Spanish: Apartamentos baratos en renta en 46204 - 482 Rentas | Trulia