Apartments in 46227

35 rentals

Apartments For Rent Near 46227

We found 30 more apartments matching your filters just outside 46227

Average Rent Trends in 46227

Rent in 46227 varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent for a apartment increased in Jun 2026 compared to the previous month. Rent for apartments peaked in Aug 2025.
MonthAverage rent
Jul 2025$1,019
Aug 2025$1,162
Sep 2025$1,077
Oct 2025$1,088
Nov 2025$1,074
Dec 2025$1,111
Jan 2026$1,168
Feb 2026$1,108
Mar 2026$1,078
Apr 2026$1,072
May 2026$1,114
Jun 2026$1,247
View as a graph

Average Rent By Bedroom and Home Type

In June 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$1,000$1,242$1,555$1,980$1,350
Townhomes—$1,350$1,415$1,750$1,423
Apartments and Condos—$1,200$1,360—$1,300
Houses$318$1,500$1,645$1,980$1,645

Frequently Asked Questions about Apartments and Condos for rent in 46227

  • What is the average rent of an apartment in 46227?
    The average rent of an apartment in 46227 is $1,247 per month. This is about 36% lower than the national average.
  • When is the average rent cheapest in 46227?
    In the last year, the average rent in 46227 was lowest in Jan 2025 when it was $948 per month.
  • When is the average rent most expensive in 46227?
    In the last year, the average rent in 46227 was highest in Aug 2025 when it was $1,162 per month.
  • How does the rent of a 1 bedroom apartment compare to a studio apartment in 46227?
    The average rent of a 1 bedroom apartment in 46227 is $910 per month. That is about $111 more than the cost of a studio apartment.
  • How many apartments or condos are available to rent in 46227?
    There are 41 available apartments or condos to rent in 46227.
  • What are some cities near 46227?
    Some nearby cities include: Southport, Beech Grove, Greenwood, Indianapolis, New Whiteland, Whiteland. These cities may have more rental options to explore.