Cheap Apartments for Rent in 46205
152 rentals
Use arrow keys to navigateSPECIAL OFFER$674 - $750/mo
Studio-1 Bed
1 BathBalsam Avenue Apartments - The Courts | 3605-3610 Balsam Ave #3609-105,
Indianapolis, IN 46205
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Use arrow keys to navigatePET FRIENDLY
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Use arrow keys to navigatePET FRIENDLY
Use arrow keys to navigateSPECIAL OFFERPET FRIENDLY
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PET FRIENDLYINCOME RESTRICTED$775 - $1,285/moStudio-4 Beds1-3 BathsVillages at Mill Crossing | 3615 Sherman Forest Dr #ab7177bd4,
Indianapolis, IN 46205
PET FRIENDLY$794 - $804/mo2 Beds1 BathPenn Plaza | 3671 N Pennsylvania St #1B-1Ba-725Sqft,
Indianapolis, IN 46205
PET FRIENDLY- NEW - 10 HRS AGOAPPLY INSTANTLYROOM FOR RENT
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ROOM FOR RENT
ROOM FOR RENT
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SPECIAL OFFERPET FRIENDLY$949 - $1,609/mo1-4 Beds1-2 BathsThe Pines at SoBro | 5018 Lemans Dr #4908-X05,
Indianapolis, IN 46205
APPLY INSTANTLY- APPLY INSTANTLY
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PET FRIENDLYINCOME RESTRICTED
SPECIAL OFFERPET FRIENDLY$1,095 - $2,100/moStudio-2 Beds1-2 BathsThe Domino | 3132 Dr Andrew J Brown Ave #1-331,
Indianapolis, IN 46205
SPECIAL OFFERPET FRIENDLY$1,099 - $1,439/mo1-2 Beds1-2 BathsHarbour Pointe | 4400 E Fall Creek Parkway North Dr #4403B,
Indianapolis, IN 46205
SPECIAL OFFERPET FRIENDLY$1,100 - $1,261/mo1-2 Beds1-2 BathsThe Lodge Apartments | 4816 Alsuda Dr #86,
Indianapolis, IN 46205
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PET FRIENDLY$1,109/mo2 Beds1 Bath201 - Pennwood Associates, Llc | 3540 N Pennsylvania St #M,
Indianapolis, IN 46205
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SPECIAL OFFERPET FRIENDLY
PET FRIENDLY$1,175 - $1,350/moStudio-1 Bed1 BathThe Delaware Apartments | 2205 N Delaware St #316,
Indianapolis, IN 46205
NEW - 2 DAYS AGO
NEW - 2 DAYS AGOPET FRIENDLY
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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 increased in May 2026 compared to the previous month. Rent previously peaked in Jul 2025.
| Month | Average rent |
|---|---|
| Jun 2025 | $1,544 |
| Jul 2025 | $1,688 |
| Aug 2025 | $1,600 |
| Sep 2025 | $1,600 |
| 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 | $1,555 |
| May 2026 | $1,600 |
Average Rent By Bedroom and Home Type
In May 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 | $1,050 | $1,422 | $1,799 | $2,450 | $1,600 |
| Townhomes | $1,450 | $2,100 | $1,700 | $2,650 | $1,800 |
| Apartments and Condos | $867 | $1,550 | $1,594 | $2,100 | $1,575 |
| Houses | $1,050 | $1,249 | $2,045 | $2,600 | $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 $1,182 per month. This is about 39% lower than the national average.
- What is the average rent of a house in 46205?The average rent of a house in 46205 is $1,800 per month. This is about 7% lower than the national average.
- What is the average rent of a townhome in 46205?The average rent of a townhome in 46205 is $1,800 per month. This is about 7% lower than the national average.
- When is the average rent cheapest in 46205?In the last year, the average rent in 46205 was lowest in Feb 2025 when it was $1,375 per month.
- 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 $1,050 per month. That is about $100 more than the cost of a studio apartment.
- How many available rental listings are in 46205?There are 169 available rental listings in 46205.
- 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.