Cheap Apartments for Rent in 46205
145 rentals
Use arrow keys to navigateSPECIAL OFFER$638 - $754/mo
Studio-1 Bed
1 BathBalsam Avenue Apartments - The Courts | 3605-3610 Balsam Ave #3606-B2,
Indianapolis, IN 46205
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Use arrow keys to navigatePET FRIENDLY$750 - $771/moStudio-1 Bed1 BathBalsam Avenue Apartments: The Villages | 3528 E Fall Creek Pkwy N #C,
Indianapolis, IN 46205- Use arrow keys to navigatePET FRIENDLY$750 - $771/moStudio-1 Bed1 BathBalsam Avenue Apartments - The Villages | 3520-3534 E Fall Creek Pkwy #3520-C,
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 #ab7177bd4,
Indianapolis, IN 46205
PET FRIENDLY$794 - $804/mo2 Beds1 BathPenn Plaza | 3671 N Pennsylvania St #1B-1Ba-725Sqft,
Indianapolis, IN 46205
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SPECIAL OFFERPET FRIENDLY$809 - $1,619/moStudio-4 Beds1-2 BathsThe Pines at SoBro | 5018 Lemans Dr #5116-E13,
Indianapolis, IN 46205
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NEW - 2 DAYS AGOSPECIAL OFFERPET FRIENDLY$1,009 - $1,379/mo1-3 Beds1-2 Baths7 Pointe Apartments | 4724 Round Lake Rd #4708J,
Indianapolis, IN 46205
SPECIAL OFFERPET FRIENDLY$1,024 - $1,339/mo1-2 Beds1-2 BathsHarbour Pointe | 4400 E Fall Creek Parkway North Dr #4350,
Indianapolis, IN 46205
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PET FRIENDLY$1,109/mo2 Beds1 Bath201 - Pennwood Associates, Llc | 3540 N Pennsylvania St #L,
Indianapolis, IN 46205
SPECIAL OFFERPET FRIENDLY$1,115 - $1,338/mo1-2 Beds1-2 BathsThe Lodge Apartments | 4816 Alsuda Dr #86,
Indianapolis, IN 46205
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SPECIAL OFFERPET FRIENDLY$1,250 - $2,120/moStudio-2 Beds1-2 BathsThe Domino | 3132 Dr Andrew J Brown Ave #1-336,
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 Jun 2026 compared to the previous month. Rent previously peaked in Jul 2025.
| Month | Average rent |
|---|---|
| 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 |
| Jun 2026 | $1,549 |
Average Rent By Bedroom and Home Type
In July 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 | $999 | $1,350 | $1,650 | $2,445 | $1,550 |
| Townhomes | $1,600 | $1,550 | $1,650 | — | $1,650 |
| Apartments and Condos | $925 | $1,375 | $1,680 | $3,995 | $1,532 |
| Houses | $975 | $1,725 | $1,695 | $2,445 | $1,850 |
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 $1,173 per month. This is about 40% 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 $999 per month. That is about $244 more than the cost of a studio apartment.
- How many available rental listings are in 46205?There are 150 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.
View this page in Spanish: Apartamentos baratos en renta en 46205 - 333 Rentas | Trulia