Apartments in 46227
41 rentals
Use arrow keys to navigatePET FRIENDLYTotal price$1,025 - $1,365/mo
1-2 Beds
1-2 BathsWaterford Place | 1009 Lismore Ln,
Indianapolis, IN 46227
Use arrow keys to navigateSPECIAL OFFERPET FRIENDLY$1,300 - $1,505/mo2-3 Beds1-2 BathsCommunity Place Apartments | 1201 Community Pl,
Indianapolis, IN 46227
Use arrow keys to navigateSPECIAL OFFERPET FRIENDLY$1,049 - $1,199/mo1-2 Beds1 BathEstates of Creekside Apartments | 8055 Crossing Dr,
Indianapolis, IN 46227
Use arrow keys to navigatePET FRIENDLY$1,099 - $1,414/mo1-2 Beds1-2 BathsBuffalo Creek Apartments | 720 Buffalo Run Dr,
Indianapolis, IN 46227
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Use arrow keys to navigatePET FRIENDLY$1,000 - $1,650/mo1-3 Beds1-2 BathsThe Sycamores Apartments | 7913 Ella Dobbs Ln,
Indianapolis, IN 46227
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NEW - 1 DAY AGOSPECIAL OFFERPET FRIENDLY$896 - $1,814/mo1-3 Beds1-3 BathsSOUTHPORT AT BUCK CREEK | 1451 E Southport Rd,
Indianapolis, IN 46227
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SPECIAL OFFERPET FRIENDLY$1,699 - $2,175/mo2-3 Beds2-3 BathsMansfield Village Townhomes | 412 E County Line Rd,
Indianapolis, IN 46227
SPECIAL OFFERPET FRIENDLY$1,122 - $2,220/mo1-2 Beds1-2 BathsStoneBridge Luxury Apartment Homes | 6512 Bridge Crossing Dr,
Indianapolis, IN 46227
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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 Aug 2026 compared to the previous month. Rent for apartments peaked in Aug 2025.
| Month | Average rent |
|---|---|
| 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 | $1,073 |
| May 2026 | $1,112 |
| Jun 2026 | $1,247 |
| Jul 2026 | $1,236 |
| Aug 2026 | $1,271 |
Average Rent By Bedroom and Home Type
In August 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 | $958 | $1,250 | $1,595 | $1,691 | $1,306 |
| Townhomes | — | $1,450 | $1,700 | — | $1,495 |
| Apartments and Condos | $925 | $1,295 | $1,450 | — | $1,295 |
| Houses | $302 | $1,494 | $1,595 | $1,600 | $1,595 |
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 $1,181 per month. This is about 40% lower than the national average.
- When is the average rent for an apartment 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 for an apartment 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 $912 per month. That is about $141 more than the cost of a studio apartment.
- How many apartments or condos are available to rent in 46227?There are 37 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.
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