Cheap Apartments for Rent in 46224
45 rentals
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Use arrow keys to navigateSPECIAL OFFERPET FRIENDLY$709 - $1,309/mo
Studio-2 Beds
1-2 BathsThe Stratford Apartments | 3201 Watergate Rd,
Indianapolis, IN 46224
Use arrow keys to navigateSPECIAL OFFERPET FRIENDLY$735 - $1,550/moStudio-3 Beds1-3 BathsThe Boardwalk at Westlake Apartments and Townhomes | 6000 Westlake Dr,
Indianapolis, IN 46224
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Use arrow keys to navigateNEW - 26 MIN AGOSPECIAL OFFERPET FRIENDLY$849 - $1,569/moStudio-3 Beds1-2 BathsThe Meadows Apartment Homes | 5505 Scarlet Dr,
Indianapolis, IN 46224
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SPECIAL OFFERPET FRIENDLY$899 - $1,129/mo1-2 Beds1 BathThe Hills Apartment Homes | 5500 Pleasant Hill Cir,
Indianapolis, IN 46224
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Average Rent Trends in 46224
Rent in 46224 varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent increased in Oct 2026 compared to the previous month. Rent previously peaked in Aug 2025.
| Month | Average rent |
|---|---|
| Nov 2025 | $1,375 |
| Dec 2025 | $1,300 |
| Jan 2026 | $1,350 |
| Feb 2026 | $1,259 |
| Mar 2026 | $1,300 |
| Apr 2026 | $1,300 |
| May 2026 | $1,206 |
| Jun 2026 | $1,137 |
| Jul 2026 | $1,348 |
| Aug 2026 | $1,500 |
| Sep 2026 | $1,326 |
| Oct 2026 | $1,356 |
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 | $913 | $1,186 | $1,580 | $1,700 | $1,399 |
| Townhomes | $900 | $1,200 | — | — | $900 |
| Apartments and Condos | $875 | $1,000 | $1,350 | $1,399 | $1,000 |
| Houses | $795 | $1,299 | $1,695 | $2,000 | $1,745 |
Frequently Asked Questions about Rentals in 46224
- What is the average rent of an apartment in 46224?The average rent of an apartment in 46224 is $1,079 per month. This is about 45% lower than the national average.
- What are the cheapest months to find an apartment to rent in 46224?Last year, the cheapest month to find an apartment to rent was Jan 2025 when it was $1,275 per month.
- How many cheap apartments are available in 46224?There are 23 apartments to rent that are cheaper than the city’s average rent of $1,399.
- When is the average rent most expensive in 46224?In the last year, the average rent in 46224 was highest in Aug 2025 when it was $1,488 per month.
- How does the rent of a 1 bedroom apartment compare to a studio apartment in 46224?The average rent of a 1 bedroom apartment in 46224 is $913 per month. That is about $49 more than the cost of a studio apartment.
- What are some cities near 46224?Some nearby cities include: Speedway, Indianapolis, Avon, Brownsburg, Plainfield, Beech Grove. These cities may have more rental options to explore.
View this page in Spanish: Apartamentos baratos en renta en 46224 - 370 Rentas | Trulia