Apartments For Rent in 46229
50 rentals
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Use arrow keys to navigateNEW - 2 DAYS AGOSPECIAL OFFERPET FRIENDLY$871 - $1,305/mo
1-3 Beds
1-2 BathsWaterstone Place Apartments | Merlin Lake Ct,
Indianapolis, IN 46229
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Average Rent Trends in 46229
Rent in 46229 varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent decreased in Jul 2026 compared to the previous month. Rent previously peaked in May 2025.
| Month | Average rent |
|---|---|
| Aug 2025 | $1,661 |
| Sep 2025 | $1,674 |
| Oct 2025 | $1,573 |
| Nov 2025 | $1,645 |
| Dec 2025 | $1,653 |
| Jan 2026 | $1,635 |
| Feb 2026 | $1,519 |
| Mar 2026 | $1,575 |
| Apr 2026 | $1,584 |
| May 2026 | $1,519 |
| Jun 2026 | $1,545 |
| Jul 2026 | $1,519 |
Average Rent By Bedroom and Home Type
In July 2026, Apartments and Condos were the most affordable home type to rent compared with Houses.
| 1 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $925 | $1,205 | $1,525 | $1,885 | $1,525 |
| Apartments and Condos | $725 | $850 | — | — | $850 |
| Houses | — | $995 | $1,595 | $1,885 | $1,650 |
Frequently Asked Questions about Rentals in 46229
- What is the average rent of an apartment in 46229?The average rent of an apartment in 46229 is $995 per month. This is about 49% lower than the national average.
- When is the average rent cheapest in 46229?In the last year, the average rent in 46229 was lowest in Feb 2025 when it was $1,450 per month.
- When is the average rent most expensive in 46229?In the last year, the average rent in 46229 was highest in May 2025 when it was $1,695 per month.
- How does the rent of a 1 bedroom apartment compare to a studio apartment in 46229?The average rent of a 1 bedroom apartment in 46229 is $925 per month. That is about $236 more than the cost of a studio apartment.
- How many available rental listings are in 46229?There are 46 available rental listings in 46229.
- What are some cities near 46229?Some nearby cities include: Cumberland, Lawrence, New Palestine, Spring Lake, McCordsville, Beech Grove. These cities may have more rental options to explore.
View this page in Spanish: Apartamentos en renta en 46229 - 83 Rentas | Trulia