Cheap Apartments for Rent in 46227
76 rentals
Use arrow keys to navigateROOM FOR RENT
Use arrow keys to navigatePET FRIENDLY
Use arrow keys to navigateNEW - 2 DAYS AGOROOM FOR RENT
Use arrow keys to navigateSPECIAL OFFER
Use arrow keys to navigate
Use arrow keys to navigateSPECIAL OFFERPET FRIENDLY
Use arrow keys to navigatePET FRIENDLY$886 - $1,652/mo
1-3 Beds
1-3 BathsSOUTHPORT AT BUCK CREEK | 1451 E Southport Rd,
Indianapolis, IN 46227
SPECIAL OFFERPET FRIENDLY
SPECIAL OFFERPET FRIENDLY
APPLY INSTANTLY
NEW - 2 DAYS AGOPET FRIENDLY
PET FRIENDLY
PET FRIENDLY
SPECIAL OFFERPET FRIENDLY
PET FRIENDLY
PET FRIENDLY
PET FRIENDLY
SPECIAL OFFERPET FRIENDLY
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
NEW - 2 DAYS AGOPET FRIENDLY$1,049 - $1,499/mo1-3 Beds1-2 BathsEstates of Creekside Apartments | 8055 Crossing Dr,
Indianapolis, IN 46227
PET FRIENDLY
SPECIAL OFFERPET FRIENDLY
PET FRIENDLY$1,099 - $1,414/mo1-2 Beds1-2 BathsBuffalo Creek Apartments | 720 Buffalo Run Dr,
Indianapolis, IN 46227
APPLY INSTANTLY
SPECIAL OFFERPET FRIENDLY$1,119 - $2,169/mo1-2 Beds1-2 BathsStoneBridge Luxury Apartment Homes | 6512 Bridge Crossing Dr,
Indianapolis, IN 46227
SENIOR HOUSINGPET FRIENDLYINCOME RESTRICTED
PET FRIENDLYINCOME RESTRICTED
PET FRIENDLY
PET FRIENDLY$1,190 - $1,505/mo2-3 Beds1-2 BathsCommunity Place Apartments | 1201 Community Pl,
Indianapolis, IN 46227
PET FRIENDLY
NEW - 2 DAYS AGOAPPLY INSTANTLYPET FRIENDLY
PET FRIENDLY
PET FRIENDLY
PET FRIENDLY
APPLY INSTANTLYPET FRIENDLY
Save Search in 46227
46227Get emails when new homes match this search
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 Sep 2026 compared to the previous month. Rent previously peaked in Mar 2025.
| Month | Average rent |
|---|---|
| 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 |
| Sep 2026 | $1,339 |
Average Rent By Bedroom and Home Type
In September 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 | $971 | $1,209 | $1,599 | $1,699 | $1,350 |
| Townhomes | — | $1,450 | $1,650 | — | $1,650 |
| Apartments and Condos | $900 | $1,499 | $1,145 | $845 | $1,300 |
| Houses | $300 | $1,200 | $1,700 | $1,699 | $1,699 |
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 $1,125 per month. This is about 42% lower than the national average.
- What are the cheapest months to find an apartment to rent in 46227?Last year, the cheapest month to find an apartment to rent was Oct 2025 when it was $1,294 per month.
- How many cheap apartments are available in 46227?There are 42 apartments to rent that are cheaper than the city’s average rent of $1,350.
- 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 $971 per month. That is about $138 more than the cost of a studio apartment.
- 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 - 357 Rentas | Trulia