Cheap Apartments for Rent in 46205
187 rentals
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Use arrow keys to navigateSPECIAL OFFERPET FRIENDLY$692 - $753/mo
1 Bed
1 BathBalsam Avenue Apartments: The Courts | 3606 Balsam Ave,
Indianapolis, IN 46205
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Use arrow keys to navigatePET FRIENDLY$764 - $791/mo1 Bed1 BathBalsam Avenue Apartments: The Villages | 3528 E Fall Creek Pkwy N,
Indianapolis, IN 46205
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PET FRIENDLYINCOME RESTRICTED$775 - $1,475/moStudio-4 Beds1-3 BathsVillages at Mill Crossing | 3615 Sherman Forest Dr,
Indianapolis, IN 46205
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SPECIAL OFFERPET FRIENDLY$999 - $2,120/moStudio-2 Beds1-2 BathsThe Domino | 3132 Dr Andrew J Brown Ave,
Indianapolis, IN 46205
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PET FRIENDLY$1,064 - $1,359/mo1-2 Beds1-2 BathsHarbour Pointe | 4400 E Fall Creek Parkway North Dr,
Indianapolis, IN 46205
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Average Rent Trends in 46205
Rent in 46205 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 Jul 2025.
| Month | Average rent |
|---|---|
| Oct 2025 | $1,550 |
| Nov 2025 | $1,495 |
| Dec 2025 | $1,495 |
| Jan 2026 | $1,450 |
| Feb 2026 | $1,450 |
| Mar 2026 | $1,550 |
| Apr 2026 | $1,554 |
| May 2026 | $1,600 |
| Jun 2026 | $1,549 |
| Jul 2026 | $1,550 |
| Aug 2026 | $1,575 |
| Sep 2026 | $1,525 |
Average Rent By Bedroom and Home Type
In September 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 | $975 | $1,275 | $1,750 | $2,295 | $1,500 |
| Townhomes | $1,450 | $1,650 | $1,775 | $2,100 | $1,775 |
| Apartments and Condos | $950 | $1,295 | $1,750 | $1,300 | $1,450 |
| Houses | $1,050 | $1,690 | $1,800 | $2,295 | $1,800 |
Frequently Asked Questions about Rentals in 46205
- What is the average rent of an apartment in 46205?The average rent of an apartment in 46205 is $1,120 per month. This is about 43% lower than the national average.
- What are the cheapest months to find an apartment to rent in 46205?Last year, the cheapest month to find an apartment to rent was Feb 2025 when it was $1,375 per month.
- How many cheap apartments are available in 46205?There are 96 apartments to rent that are cheaper than the city’s average rent of $1,500.
- When is the average rent most expensive in 46205?In the last year, the average rent in 46205 was highest in Jul 2025 when it was $1,688 per month.
- How does the rent of a 1 bedroom apartment compare to a studio apartment in 46205?The average rent of a 1 bedroom apartment in 46205 is $975 per month. That is about $200 more than the cost of a studio apartment.
- What are some cities near 46205?Some nearby cities include: Indianapolis, Speedway, Lawrence, Beech Grove, Carmel, Cumberland. These cities may have more rental options to explore.
View this page in Spanish: Apartamentos baratos en renta en 46205 - 400 Rentas | Trulia