Townhomes For Rent in 46227

3 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 decreased in May 2026 compared to the previous month. Rent previously peaked in May 2025.
MonthAverage rent
Jun 2025$1,367
Jul 2025$1,300
Aug 2025$1,250
Sep 2025$1,000
Oct 2025$1,150
Nov 2025$1,150
Dec 2025$1,275
Jan 2026$1,150
Feb 2026$1,595
Mar 2026$1,523
Apr 2026$1,445
May 2026$1,050
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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$1,202$1,575$1,980$1,375
Townhomes—$1,050$1,500$1,750$1,050
Apartments and Condos—$1,200$1,350—$1,300
Houses$325$1,400$1,638$1,980$1,750

Frequently Asked Questions about Townhomes for rent in 46227

  • What is the average rent of a townhome in 46227?
    The average rent of a townhome in 46227 is $1,050 per month. This is about 46% 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 Sep 2025 when it was $1,000 per month.
  • When is the average rent most expensive in 46227?
    In the last year, the average rent in 46227 was highest in May 2025 when it was $1,500 per month.
  • How many townhomes are available to rent in 46227?
    There are 2 available townhomes 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.