Apartments in 46227

38 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 increased in May 2026 compared to the previous month. Rent previously peaked in Aug 2025.
MonthAverage rent
Jun 2025$1,111
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
View as a graph

Average Rent By Bedroom and Home Type

In May 2026, Townhomes were the most affordable home type to rent compared with Apartments and Condos and Houses.
1 bed2 beds3 beds4 bedsAll
All home types$1,000$1,215$1,550$2,100$1,320
Townhomes$925$1,050——$1,050
Apartments and Condos—$1,200$1,220—$1,200
Houses$325$1,300$1,655$2,100$1,655

Frequently Asked Questions about Apartments and Condos for rent in 46227

  • What is the average rent of an apartment or condo in 46227?
    The average rent of an apartment or condo in 46227 is $1,108. Rent prices range from $650 to as much as $2,050, depending on the type of apartment or condo.
  • How does the rent of an apartment or condo in 46227 compare to the national average?
    Average rent of an apartment or condo in 46227 is about 42% lower than the national average rent of $1,910 for an apartment or condo. That means it is less expensive to rent an apartment or condo in 46227 compared to the U.S. average.
  • What is the average rent of an apartment or condo in 46227, by number of bedrooms?
    The average rent of an apartment or condo in 46227 is $750 for a studio, $886 for a 1 bedroom, $1,117 for a 2 bedroom, $1,412 for a 3 bedroom, and $1,575 for a 4 bedroom.
  • How have rent prices of an apartment or condo in 46227 changed compared to last year?
    In the past year, the average rent price of an apartment or condo in 46227 has increased by $33. That means the average rent of an apartment or condo is 3% higher than last year.
  • How many apartments or condos are available to rent in 46227?
    There are 40 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.