Cheap Apartments for Rent in 46237
68 rentals
Use arrow keys to navigatePET FRIENDLY$790 - $1,190/mo
Studio-2 Beds
1-2 BathsHeathmoore - Indianapolis | 5984 Heathmore Dr,
Indianapolis, IN 46237
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Use arrow keys to navigatePET FRIENDLY$1,097 - $1,645/mo1-3 Beds1-2 BathsOverlook at Valley Ridge Apartments | 6810 Valley Ridge Dr,
Indianapolis, IN 46237
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SPECIAL OFFERPET FRIENDLYTotal price$1,305 - $1,450/mo1-2 Beds1 BathAlder Woods | 6806 E County Line Rd,
Indianapolis, IN 46237
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PET FRIENDLY$1,365 - $1,964/mo1-2 Beds1-2 BathsThe Timbers Apartments | 4545 Scarlet Oak Way,
Indianapolis, IN 46237
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SENIOR HOUSINGPET FRIENDLY$1,435 - $1,515/mo2 Beds1-2 BathsPleasant Run Senior Apartments | 4701 Todd Rd,
Indianapolis, IN 46237
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Average Rent Trends in 46237
Rent in 46237 varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent decreased in Sep 2026 compared to the previous month. Rent previously peaked in Mar 2025.
| Month | Average rent |
|---|---|
| Oct 2025 | $1,798 |
| Nov 2025 | $1,758 |
| Dec 2025 | $1,815 |
| Jan 2026 | $1,738 |
| Feb 2026 | $1,829 |
| Mar 2026 | $1,760 |
| Apr 2026 | $1,699 |
| May 2026 | $1,682 |
| Jun 2026 | $1,881 |
| Jul 2026 | $1,789 |
| Aug 2026 | $1,898 |
| Sep 2026 | $1,810 |
Average Rent By Bedroom and Home Type
In October 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 | $1,256 | $1,450 | $1,795 | $2,065 | $1,765 |
| Apartments and Condos | — | $1,745 | $3,750 | $862 | $1,745 |
| Houses | $1,050 | $1,150 | $1,800 | $2,065 | $1,822 |
Frequently Asked Questions about Rentals in 46237
- What is the average rent of an apartment in 46237?The average rent of an apartment in 46237 is $1,567 per month. This is about 20% lower than the national average.
- What are the cheapest months to find an apartment to rent in 46237?Last year, the cheapest month to find an apartment to rent was Feb 2025 when it was $1,705 per month.
- How many cheap apartments are available in 46237?There are 34 apartments to rent that are cheaper than the city’s average rent of $1,765.
- When is the average rent most expensive in 46237?In the last year, the average rent in 46237 was highest in Mar 2025 when it was $1,848 per month.
- How does the rent of a 1 bedroom apartment compare to a studio apartment in 46237?The average rent of a 1 bedroom apartment in 46237 is $1,256 per month. That is about $357 more than the cost of a studio apartment.
- What are some cities near 46237?Some nearby cities include: Southport, Beech Grove, Greenwood, New Whiteland, Indianapolis, Whiteland. These cities may have more rental options to explore.
View this page in Spanish: Apartamentos baratos en renta en 46237 - 286 Rentas | Trulia