Cheap Apartments for Rent in 46229
58 rentals
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Use arrow keys to navigatePET FRIENDLY$845 - $1,320/mo
1-3 Beds
1-2 BathsWaterstone Place Apartments | 2755 Merlin Lake Ct,
Indianapolis, IN 46229
Use arrow keys to navigateNEW - 1 DAY AGOPET FRIENDLY$850 - $1,600/mo1-4 Beds1-2 BathsKnoll Ridge Townhomes | 11415 Knollridge Ln,
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 increased in Aug 2026 compared to the previous month. Rent previously peaked in May 2025.
| Month | Average rent |
|---|---|
| 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 | $1,585 |
| May 2026 | $1,519 |
| Jun 2026 | $1,545 |
| Jul 2026 | $1,519 |
| Aug 2026 | $1,700 |
Average Rent By Bedroom and Home Type
In August 2026, Apartments and Condos were the most affordable home type to rent compared with Houses and Townhomes.
| 1 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $919 | $1,205 | $1,656 | $1,841 | $1,700 |
| Townhomes | — | — | $1,895 | — | $1,895 |
| Apartments and Condos | $725 | $1,100 | — | — | $1,100 |
| Houses | — | $1,083 | $1,695 | $1,841 | $1,750 |
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 $1,078 per month. This is about 45% 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 $919 per month. That is about $224 more than the cost of a studio apartment.
- How many available rental listings are in 46229?There are 53 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 baratos en renta en 46229 - 116 Rentas | Trulia