Cheap Apartments for Rent in 46227
64 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
Use arrow keys to navigateSPECIAL OFFERPET FRIENDLY$816 - $1,420/mo1-3 Beds1-2 BathsBrookwood Apartments | 5301 Turtle Crk #5329-9,
Indianapolis, IN 46227
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PET FRIENDLY$956 - $1,656/mo1-3 Beds1-3 BathsSOUTHPORT AT BUCK CREEK | 1451 E Southport Rd #1491-B,
Indianapolis, IN 46227
PET FRIENDLY$985 - $1,265/mo1-2 Beds1-2 BathsBeechmill Apartments | 8580 Beechmill Ln #8567-D,
Indianapolis, IN 46227
PET FRIENDLY$999 - $1,349/mo1-3 Beds1-2 BathsEstates of Creekside Apartments | 8055 Crossing Dr #8103C,
Indianapolis, IN 46227
$999 - $1,459/mo1-3 Beds1-2 BathsMartinique Terrace | 6789 S East St #6820-1,
Indianapolis, IN 46227
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
SPECIAL OFFERPET FRIENDLY$1,024 - $1,249/mo1-2 Beds1-2 BathsCapital Place | 4100 Continental Ct #C4133,
Indianapolis, IN 46227
PET FRIENDLYTotal price$1,025 - $1,365/mo1-2 Beds1-2 BathsWaterford Place | 1009 Lismore Ln #4ddaf440e,
Indianapolis, IN 46227
SPECIAL OFFERPET FRIENDLY$1,075 - $1,270/mo1-2 Beds1 BathFountain Lake Villas | 8960 S Keystone Ave #8749-2,
Indianapolis, IN 46227
SPECIAL OFFERPET FRIENDLY
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PET FRIENDLY$1,099 - $1,399/mo1-2 Beds1-2 BathsBuffalo Creek Apartments | 720 Buffalo Run Dr #8641L,
Indianapolis, IN 46227
PET FRIENDLY$1,099 - $1,499/mo1-3 Beds1-2 BathsHanna Village | 4020 Hanna Village Dr #5803579,
Indianapolis, IN 46227
SENIOR HOUSINGPET FRIENDLYINCOME RESTRICTED
PET FRIENDLY$1,196 - $2,177/mo1-2 Beds1-2 BathsStoneBridge Luxury Apartment Homes | 6512 Bridge Crossing Dr #629C,
Indianapolis, IN 46227
PET FRIENDLY
PET FRIENDLY
$1,250 - $1,350/mo2 Beds1 Bath2121-2123 Fairfax Road | 2121-2123 Fairfax Rd #2121,
Indianapolis, IN 46227
PET FRIENDLY$1,300 - $1,505/mo2-3 Beds1-2 BathsCommunity Place Apartments | 1201 Community Pl #1255H,
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 stayed about the same in Jun 2026 compared to the previous month. Rent previously peaked in Mar 2025.
| Month | Average rent |
|---|---|
| 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 |
| Jun 2026 | $1,350 |
Average Rent By Bedroom and Home Type
In June 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 | $1,000 | $1,242 | $1,555 | $1,980 | $1,350 |
| Townhomes | — | $1,350 | $1,415 | $1,750 | $1,423 |
| Apartments and Condos | — | $1,200 | $1,360 | — | $1,300 |
| Houses | $318 | $1,500 | $1,645 | $1,980 | $1,645 |
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 $1,247 per month. This is about 36% lower than the national average.
- What is the average rent of a house in 46227?The average rent of a house in 46227 is $1,645 per month. This is about 16% lower than the national average.
- What is the average rent of a townhome in 46227?The average rent of a townhome in 46227 is $1,423 per month. This is about 27% 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 $1,000 per month. That is about $201 more than the cost of a studio apartment.
- How many available rental listings are in 46227?There are 72 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.