Apartments in 46240

19 rentals

Apartments For Rent Near 46240

We found 30 more apartments matching your filters just outside 46240

Average Rent Trends in 46240

Rent in 46240 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 Apr 2025.
MonthAverage rent
Jun 2025$1,633
Jul 2025$1,717
Aug 2025$1,717
Sep 2025$1,586
Oct 2025$1,603
Nov 2025$1,686
Dec 2025$1,554
Jan 2026$1,555
Feb 2026$2,026
Mar 2026$1,541
Apr 2026$1,656
May 2026$1,500
View as a graph

Average Rent By Bedroom and Home Type

In May 2026, Apartments and Condos were the most affordable home type to rent compared with Houses.
1 bed2 beds3 beds4 bedsAll
All home types$1,376$1,536$2,000—$1,550
Apartments and Condos—$1,850——$1,850
Houses$1,100$1,975$2,000—$2,000

Frequently Asked Questions about Apartments and Condos for rent in 46240

  • What is the average rent of an apartment in 46240?
    The average rent of an apartment in 46240 is $1,675 per month. This is about 13% lower than the national average.
  • When is the average rent cheapest in 46240?
    In the last year, the average rent in 46240 was lowest in Feb 2025 when it was $1,354 per month.
  • When is the average rent most expensive in 46240?
    In the last year, the average rent in 46240 was highest in Apr 2025 when it was $1,858 per month.
  • How does the rent of a 1 bedroom apartment compare to a studio apartment in 46240?
    The average rent of a 1 bedroom apartment in 46240 is $1,345 per month. That is about $5 less than the cost of a studio apartment.
  • How many apartments or condos are available to rent in 46240?
    There are 21 available apartments or condos to rent in 46240.
  • What are some cities near 46240?
    Some nearby cities include: Carmel, Lawrence, Indianapolis, Fishers, Westfield, Zionsville. These cities may have more rental options to explore.