Cheap Apartments for Rent in 46229
52 rentals
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Use arrow keys to navigatePET FRIENDLY$685 - $950/mo
Studio-1 Bed
1 BathElmtree Park | 11023 Elmtree Park Dr #W00972,
Indianapolis, IN 46229
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Use arrow keys to navigatePET FRIENDLY$850 - $1,600/mo1-4 Beds1-2 BathsKnoll Ridge Townhomes | 11415 Knollridge Ln #343-NEW4,
Indianapolis, IN 46229
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SPECIAL OFFERPET FRIENDLY$904 - $1,852/mo1-2 Beds1-2 BathsWaterstone Place Apartments | 2755 Merlin Lake Ct #2760C,
Indianapolis, IN 46229
$950 - $1,575/mo1-3 Beds1-2 BathsWillow Glen East | 9955 Fulbrook Dr #9a3adb17c,
Indianapolis, IN 46229
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SPECIAL OFFERPET FRIENDLY$1,050 - $1,750/mo1-3 Beds1-3 BathsCountry Lake Estates | 9201 E 30th St #990864d12,
Indianapolis, IN 46229
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SPECIAL OFFERPET FRIENDLY$1,375 - $1,650/mo2-3 Beds2-3 BathsCountry Lake Townhomes | 2910A White Knight Blvd #e7f569ff2,
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 May 2026 compared to the previous month. Rent previously peaked in May 2025.
| Month | Average rent |
|---|---|
| Jun 2025 | $1,695 |
| Jul 2025 | $1,645 |
| 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 |
Average Rent By Bedroom and Home Type
In May 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 | $925 | $1,225 | $1,595 | $1,950 | $1,525 |
| Townhomes | — | $1,250 | — | — | $1,250 |
| Apartments and Condos | $900 | $850 | — | — | $850 |
| Houses | — | $1,100 | $1,599 | $1,950 | $1,649 |
Frequently Asked Questions about Rentals in 46229
- What is the average rent in 46229?The average rent in 46229 is $1,525. Rent prices range from $495 to as much as $2,315, depending on the type of rental.
- How does the rent in 46229 compare to the national average?Average rent in 46229 is about 20% lower than the national average rent of $1,910. That means it is less expensive to rent in 46229 compared to the U.S. average.
- What is the average rent in 46229, by number of bedrooms?The average rent in 46229 is $495 for a studio, $925 for a 1 bedroom, $1,225 for a 2 bedroom, $1,595 for a 3 bedroom, and $1,950 for a 4 bedroom.
- How have rent prices in 46229 changed compared to last year?In the past year, the average rent price in 46229 has decreased by $175. That means the average rent is 11% lower than last year.
- How many available rental listings are in 46229?There are 54 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.