New 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 for a townhome decreased in Sep 2026 compared to the previous month. Rent for townhomes peaked in May 2025.
MonthAverage rent
Oct 2025$1,150
Nov 2025$1,150
Dec 2025$1,275
Jan 2026$1,150
Feb 2026$1,595
Mar 2026$1,520
Apr 2026$1,445
May 2026$1,050
Jun 2026$1,545
Jul 2026$1,450
Aug 2026$1,495
Sep 2026$1,450
View as a graph

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 bed2 beds3 beds4 bedsAll
All home types$995$1,234$1,599$1,700$1,355
Townhomes—$1,325$1,545—$1,545
Apartments and Condos$900$1,261$1,495$797$1,300
Houses$300$1,350$1,650$1,795$1,665

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 $1,545 per month. This is about 21% lower than the national average.
  • When is the average rent for a townhome 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 for a townhome 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 does the rent of a 3 bedroom townhome compare to a 2 bedroom townhome in 46227?
    The average rent of a 3 bedroom townhome in 46227 is $1,545 per month. That is about $220 more than the cost of a 2 bedroom townhome.
  • How many townhomes are available to rent in 46227?
    There are 5 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.