Cheap Apartments for Rent in 46220
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Use arrow keys to navigateSPECIAL OFFERPET FRIENDLY$999 - $1,940/mo
1-3 Beds
2-3 BathsCastleton Manor Apartments | 5850 Laketon Dr,
Indianapolis, IN 46220
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PET FRIENDLY$1,300 - $1,526/mo1-2 Beds1-2 BathsEdgewater Apartments | 6701 N College Ave,
Indianapolis, IN 46220
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PET FRIENDLY$1,377 - $2,005/mo1-3 Beds1-3 BathsMonon Place I (Classic and Renovated), Managed by Buckingham Monon Living | 5934 Carvel Ave,
Indianapolis, IN 46220
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Average Rent Trends in 46220
Rent in 46220 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 Apr 2025.
| Month | Average rent |
|---|---|
| Oct 2025 | $1,759 |
| Nov 2025 | $1,734 |
| Dec 2025 | $1,717 |
| Jan 2026 | $1,700 |
| Feb 2026 | $1,700 |
| Mar 2026 | $1,712 |
| Apr 2026 | $1,700 |
| May 2026 | $1,804 |
| Jun 2026 | $1,893 |
| Jul 2026 | $1,838 |
| Aug 2026 | $1,900 |
| Sep 2026 | $1,799 |
Average Rent By Bedroom and Home Type
In October 2026, Townhomes were the most affordable home type to rent compared with Apartments and Condos and Houses.
| 1 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $1,313 | $1,755 | $1,906 | $2,422 | $1,805 |
| Townhomes | — | $1,450 | $1,700 | — | $1,700 |
| Apartments and Condos | $1,400 | $1,700 | $1,700 | $2,456 | $1,700 |
| Houses | $1,250 | $1,850 | $2,050 | $2,422 | $2,000 |
Frequently Asked Questions about Rentals in 46220
- What is the average rent of an apartment in 46220?The average rent of an apartment in 46220 is $1,478 per month. This is about 24% lower than the national average.
- What are the cheapest months to find an apartment to rent in 46220?Last year, the cheapest month to find an apartment to rent was Mar 2025 when it was $1,650 per month.
- How many cheap apartments are available in 46220?There are 49 apartments to rent that are cheaper than the city’s average rent of $1,805.
- When is the average rent most expensive in 46220?In the last year, the average rent in 46220 was highest in Apr 2025 when it was $1,850 per month.
- How does the rent of a 1 bedroom apartment compare to a studio apartment in 46220?The average rent of a 1 bedroom apartment in 46220 is $1,313 per month. That is about $11 more than the cost of a studio apartment.
- What are some cities near 46220?Some nearby cities include: Lawrence, Indianapolis, Carmel, Speedway, Fishers, Cumberland. These cities may have more rental options to explore.
View this page in Spanish: Apartamentos baratos en renta en 46220 - 246 Rentas | Trulia