Cheap Apartments for Rent in 46216

5 rentals

Apartments For Rent Near 46216

We found 30 more apartments matching your filters just outside 46216

Average Rent Trends in 46216

Rent in 46216 varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent stayed about the same in May 2026 compared to the previous month. Rent previously peaked in Apr 2025.
MonthAverage rent
Jun 2025$1,601
Jul 2025$1,579
Aug 2025$1,397
Sep 2025$1,553
Oct 2025$1,548
Nov 2025$1,546
Dec 2025$1,321
Jan 2026$1,518
Feb 2026$1,521
Mar 2026$1,531
Apr 2026$1,496
May 2026$1,506
View as a graph

Average Rent By Bedroom and Home Type

1 bed2 beds3 beds4 bedsAll
All home types$1,191$1,420$2,110$2,150$1,511
Houses——$2,575$2,150$2,150

Frequently Asked Questions about Rentals in 46216

  • What is the average rent of an apartment in 46216?
    The average rent of an apartment in 46216 is $1,440 per month. This is about 25% lower than the national average.
  • What is the average rent of a house in 46216?
    The average rent of a house in 46216 is $2,150 per month. This is about 11% higher than the national average.
  • When is the average rent cheapest in 46216?
    In the last year, the average rent in 46216 was lowest in Dec 2025 when it was $1,321 per month.
  • When is the average rent most expensive in 46216?
    In the last year, the average rent in 46216 was highest in Apr 2025 when it was $1,705 per month.
  • How many available rental listings are in 46216?
    There are 6 available rental listings in 46216.
  • What are some cities near 46216?
    Some nearby cities include: Lawrence, McCordsville, Cumberland, Fishers, Indianapolis, Carmel. These cities may have more rental options to explore.