Cheap Apartments for Rent in 46221
73 rentals
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Use arrow keys to navigatePET FRIENDLY$892 - $1,478/mo
Studio-2 Beds
1-2 BathsAlpine Studios | 5818 Flight School Dr,
Indianapolis, IN 46221
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SPECIAL OFFERPET FRIENDLY$1,099 - $1,275/mo1-2 Beds1 BathAspen Pointe Apartments | 5838 W Mooresville Rd,
Indianapolis, IN 46221
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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 decreased in Aug 2026 compared to the previous month. Rent previously peaked in Mar 2025.
| Month | Average rent |
|---|---|
| Sep 2025 | $1,507 |
| Oct 2025 | $1,516 |
| Nov 2025 | $1,483 |
| Dec 2025 | $1,560 |
| Jan 2026 | $1,500 |
| Feb 2026 | $1,663 |
| Mar 2026 | $1,650 |
| Apr 2026 | $1,700 |
| May 2026 | $1,649 |
| Jun 2026 | $1,522 |
| Jul 2026 | $1,554 |
| Aug 2026 | $1,500 |
Average Rent By Bedroom and Home Type
In August 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 | $900 | $1,100 | $1,678 | $2,023 | $1,595 |
| Townhomes | $900 | — | $1,450 | — | $900 |
| Apartments and Condos | $900 | $1,250 | $1,350 | — | $1,250 |
| Houses | $850 | $975 | $1,745 | $2,023 | $1,745 |
Frequently Asked Questions about Rentals in 46221
- What is the average rent of an apartment in 46221?The average rent of an apartment in 46221 is $1,184 per month. This is about 40% 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 Nov 2025 when it was $1,483 per month.
- When is the average rent most expensive in 46221?In the last year, the average rent in 46221 was highest in Mar 2025 when it was $1,730 per month.
- How does the rent of a 1 bedroom apartment compare to a studio apartment in 46221?The average rent of a 1 bedroom apartment in 46221 is $900 per month. That is about $41 less than the cost of a studio apartment.
- How many available rental listings are in 46221?There are 70 available rental listings 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.
View this page in Spanish: Apartamentos baratos en renta en 46221 - 127 Rentas | Trulia