Cheap Apartments for Rent in 46227
70 rentals
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Use arrow keys to navigatePET FRIENDLYINCOME RESTRICTED$765 - $1,200/mo
1-3 Beds
1-2 BathsRegency Park Apartments | 5524 Rue Royale #109A-B,
Indianapolis, IN 46227
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Use arrow keys to navigateNEW - 5 HRS AGOSPECIAL OFFERPET FRIENDLY$839 - $1,439/mo1-3 Beds1-2 BathsBrookwood Apartments | 5301 Turtle Crk #5329-9,
Indianapolis, IN 46227
Use arrow keys to navigatePET FRIENDLY$863 - $1,819/mo1-3 Beds1-3 BathsSOUTHPORT AT BUCK CREEK | 1451 E Southport Rd #1412-A,
Indianapolis, IN 46227
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PET FRIENDLY$985 - $1,215/mo1-2 Beds1-2 BathsBeechmill Apartments | 8580 Beechmill Ln #8531-C,
Indianapolis, IN 46227
SPECIAL OFFERPET FRIENDLY$999 - $1,524/mo1-3 Beds1-2 BathsEstates of Creekside Apartments | 8055 Crossing Dr #8036F,
Indianapolis, IN 46227
$999 - $1,459/mo1-3 Beds1-2 BathsMartinique Terrace | 6789 S East St #6688-2,
Indianapolis, IN 46227
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PET FRIENDLYINCOME RESTRICTED$1,000 - $1,360/mo1-3 Beds1-2 BathsCity Heights | 457 Monument View Dr #5e8388421,
Indianapolis, IN 46227
SPECIAL OFFERPET FRIENDLY$1,000 - $1,650/mo1-3 Beds1-2 BathsThe Sycamores Apartments | 7913 Ella Dobbs Ln #e02667721,
Indianapolis, IN 46227
PET FRIENDLYTotal price$1,025 - $1,365/mo1-2 Beds1-2 BathsWaterford Place | 1009 Lismore Ln #4ddaf440e,
Indianapolis, IN 46227
NEW - 1 DAY AGOSPECIAL OFFERPET FRIENDLY$1,037 - $2,147/mo1-2 Beds1-2 BathsStoneBridge Luxury Apartment Homes | 6512 Bridge Crossing Dr #615C,
Indianapolis, IN 46227
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SPECIAL OFFERPET FRIENDLY$1,075 - $1,325/mo1-2 Beds1-2 BathsFountain Lake Villas | 8960 S Keystone Ave #8749-2,
Indianapolis, IN 46227
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PET FRIENDLY$1,099 - $1,499/mo1-2 Beds1-2 BathsBuffalo Creek Apartments | 720 Buffalo Run Dr #8722K,
Indianapolis, IN 46227
NEW - 22 HRS AGOPET FRIENDLY
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SPECIAL OFFERPET FRIENDLY$1,199 - $1,599/mo1-3 Beds1-2 BathsHanna Village | 4020 Hanna Village Dr #5803579,
Indianapolis, IN 46227
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PET FRIENDLY$1,300 - $1,505/mo2-3 Beds1-2 BathsCommunity Place Apartments | 1201 Community Pl #1255H,
Indianapolis, IN 46227
SPECIAL OFFERPET FRIENDLY$1,325 - $1,899/moStudio-2 Beds1-2 BathsThe Jacob | 2110 E Southport Rd #123,
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 May 2026 compared to the previous month. Rent previously peaked in Mar 2025.
| Month | Average rent |
|---|---|
| Jun 2025 | $1,365 |
| Jul 2025 | $1,300 |
| Aug 2025 | $1,450 |
| 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 | $1,375 |
| May 2026 | $1,350 |
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 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $1,000 | $1,202 | $1,575 | $1,980 | $1,375 |
| Townhomes | — | $1,050 | $1,500 | — | $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 Rentals in 46227
- What is the average rent in 46227?The average rent in 46227 is $1,375. Rent prices range from $325 to as much as $2,800, depending on the type of rental.
- How does the rent in 46227 compare to the national average?Average rent in 46227 is about 28% lower than the national average rent of $1,910. That means it is less expensive to rent in 46227 compared to the U.S. average.
- What is the average rent in 46227, by number of bedrooms?The average rent in 46227 is $849 for a studio, $1,000 for a 1 bedroom, $1,202 for a 2 bedroom, $1,575 for a 3 bedroom, and $1,980 for a 4 bedroom.
- How have rent prices in 46227 changed compared to last year?In the past year, the average rent price in 46227 has decreased by $25. That means the average rent is 2% lower than last year.
- How many available rental listings are in 46227?There are 68 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.