Cheap Apartments for Rent in 46231

36 rentals

Apartments For Rent Near 46231

We found 30 more apartments matching your filters just outside 46231

Average Rent Trends in 46231

Rent in 46231 varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent increased in Jun 2026 compared to the previous month. Rent previously peaked in Apr 2025.
MonthAverage rent
Jul 2025$1,951
Aug 2025$1,856
Sep 2025$1,722
Oct 2025$1,725
Nov 2025$1,845
Dec 2025$1,821
Jan 2026$1,779
Feb 2026$1,765
Mar 2026$1,877
Apr 2026$1,924
May 2026$1,989
Jun 2026$2,015
View as a graph

Average Rent By Bedroom and Home Type

In June 2026, Apartments and Condos were the most affordable home type to rent compared with Houses.
1 bed2 beds3 beds4 bedsAll
All home types$950$1,150$2,043$2,116$2,025
Apartments and Condos$950$995——$950
Houses——$2,065$2,116$2,114

Frequently Asked Questions about Rentals in 46231

  • What is the average rent of an apartment in 46231?
    The average rent of an apartment in 46231 is $1,264 per month. This is about 35% lower than the national average.
  • What is the average rent of a house in 46231?
    The average rent of a house in 46231 is $2,114 per month. This is about 8% higher than the national average.
  • When is the average rent cheapest in 46231?
    In the last year, the average rent in 46231 was lowest in Sep 2025 when it was $1,722 per month.
  • When is the average rent most expensive in 46231?
    In the last year, the average rent in 46231 was highest in Apr 2025 when it was $1,985 per month.
  • How many available rental listings are in 46231?
    There are 38 available rental listings in 46231.
  • What are some cities near 46231?
    Some nearby cities include: Plainfield, Avon, Speedway, Mooresville, Indianapolis, Brownsburg. These cities may have more rental options to explore.