Cheap Apartments for Rent in 46227
73 rentals
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SPECIAL OFFERPET FRIENDLY$896 - $1,814/mo
1-3 Beds
1-3 BathsSOUTHPORT AT BUCK CREEK | 1451 E Southport Rd,
Indianapolis, IN 46227
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PET FRIENDLYINCOME RESTRICTED
PET FRIENDLY$1,000 - $1,650/mo1-3 Beds1-2 BathsThe Sycamores Apartments | 7913 Ella Dobbs Ln,
Indianapolis, IN 46227
PET FRIENDLYTotal price$1,025 - $1,365/mo1-2 Beds1-2 BathsWaterford Place | 1009 Lismore Ln,
Indianapolis, IN 46227
SPECIAL OFFERPET FRIENDLY$1,049 - $1,199/mo1-2 Beds1 BathEstates of Creekside Apartments | 8055 Crossing Dr,
Indianapolis, IN 46227
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SPECIAL OFFERPET FRIENDLY
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PET FRIENDLY$1,099 - $1,414/mo1-2 Beds1-2 BathsBuffalo Creek Apartments | 720 Buffalo Run Dr,
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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NEW - 1 DAY AGOSPECIAL OFFERPET FRIENDLY
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SPECIAL OFFERPET FRIENDLY$1,300 - $1,505/mo2-3 Beds1-2 BathsCommunity Place Apartments | 1201 Community Pl,
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 decreased in Aug 2026 compared to the previous month. Rent previously peaked in Mar 2025.
| Month | Average rent |
|---|---|
| Sep 2025 | $1,385 |
| Oct 2025 | $1,294 |
| Nov 2025 | $1,300 |
| Dec 2025 | $1,350 |
| Jan 2026 | $1,366 |
| Feb 2026 | $1,350 |
| Mar 2026 | $1,346 |
| Apr 2026 | $1,374 |
| May 2026 | $1,350 |
| Jun 2026 | $1,350 |
| Jul 2026 | $1,335 |
| Aug 2026 | $1,300 |
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 Rentals 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 cheapest in 46227?In the last year, the average rent in 46227 was lowest in Oct 2025 when it was $1,294 per month.
- When is the average rent most expensive in 46227?In the last year, the average rent in 46227 was highest in Mar 2025 when it was $1,475 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 $958 per month. That is about $187 more than the cost of a studio apartment.
- How many available rental listings are in 46227?There are 58 available rental listings 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.
View this page in Spanish: Apartamentos baratos en renta en 46227 - 374 Rentas | Trulia