Townhomes For Rent in 46221

1 rentals

  • 648 Division St, Indianapolis, IN 46221
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    APPLY INSTANTLY
    $1,450/mo
    3 Beds
    2 Baths
    1,258 sqft
    648 Division St,
    Indianapolis, IN 46221

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Apartments For Rent Near 46221

We found 30 more apartments matching your filters just outside 46221

Average Rent Trends in 46221

Rent in 46221 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 Oct 2025.
MonthAverage rent
Mar 2025$995
May 2025$1,050
Jul 2025$1,150
Aug 2025$980
Sep 2025$850
Oct 2025$1,400
Nov 2025$1,300
Dec 2025$1,150
Jan 2026$1,250
Mar 2026$750
Apr 2026$1,395
May 2026$1,423
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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 bed2 beds3 beds4 bedsAll
All home types$900$1,225$1,700$1,995$1,495
Townhomes——$1,450—$1,450
Apartments and Condos$850$1,250$1,350—$1,250
Houses$850$1,025$1,780$2,114$1,749

Frequently Asked Questions about Townhomes for rent in 46221

  • What is the average rent of a townhome in 46221?
    The average rent of a townhome in 46221 is $1,450 per month. This is about 25% lower than the national average.
  • When is the average rent cheapest in 46221?
    In the last year, the average rent in 46221 was lowest in Sep 2025 when it was $850 per month.
  • When is the average rent most expensive in 46221?
    In the last year, the average rent in 46221 was highest in Oct 2025 when it was $1,400 per month.
  • How many townhomes are available to rent in 46221?
    There are 1 available townhomes to rent in 46221.
  • What are some cities near 46221?
    Some nearby cities include: Southport, Speedway, Indianapolis, Beech Grove, Plainfield, Greenwood. These cities may have more rental options to explore.