Cheap Apartments for Rent in 46221
58 rentals
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Use arrow keys to navigatePET FRIENDLY$1,015 - $1,478/mo
Studio-2 Beds
1-2 BathsAlpine Studios | 5818 Flight School Dr #112,
Indianapolis, IN 46221
PET FRIENDLY$1,045 - $1,345/mo2-3 Beds1 BathHorizons Apartments | 4955 Red Horizon Blvd #5013RED,
Indianapolis, IN 46221
SPECIAL OFFERPET FRIENDLY$1,099 - $1,799/mo1-4 Beds1-2 BathsArborwood Apartments | 6702 Trunk Way #6610K,
Indianapolis, IN 46221
PET FRIENDLY$1,100 - $1,795/mo1-2 Beds1-3 BathsThe Assumption on Blaine | 1105 Blaine Ave #3f601e0f8,
Indianapolis, IN 46221
NEW - 2 DAYS AGOSPECIAL OFFERPET FRIENDLY$1,120 - $1,275/mo1-2 Beds1 BathAspen Pointe Apartments | 5838 W Mooresville Rd #13-150,
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 May 2026 compared to the previous month. Rent previously peaked in Mar 2025.
| Month | Average rent |
|---|---|
| Jun 2025 | $1,720 |
| Jul 2025 | $1,713 |
| Aug 2025 | $1,575 |
| 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 |
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 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $1,139 | $1,145 | $1,649 | $1,995 | $1,640 |
| Townhomes | — | — | $1,450 | — | $1,450 |
| Apartments and Condos | $1,000 | $1,050 | $1,350 | — | $1,350 |
| Houses | $850 | $1,025 | $1,773 | $2,087 | $1,803 |
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 $1,218 per month. This is about 37% lower than the national average.
- What is the average rent of a house in 46221?The average rent of a house in 46221 is $1,803 per month. This is about 7% lower than the national average.
- 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 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 $1,139 per month. That is about $123 more than the cost of a studio apartment.
- How many available rental listings are in 46221?There are 55 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.