Cheap Apartments for Rent in 46240

27 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 stayed about the same in Oct 2026 compared to the previous month. Rent previously peaked in Jun 2025.
MonthAverage rent
Nov 2025$1,678
Dec 2025$1,645
Jan 2026$1,600
Feb 2026$1,653
Mar 2026$1,600
Apr 2026$1,638
May 2026$1,546
Jun 2026$1,540
Jul 2026$1,632
Aug 2026$1,659
Sep 2026$1,657
Oct 2026$1,642
View as a graph

Average Rent By Bedroom and Home Type

In October 2026, Apartments and Condos were the most affordable home type to rent compared with Houses and Townhomes.
1 bed2 beds3 beds4 bedsAll
All home types$1,414$1,732$1,964—$1,634
Townhomes—$2,800——$2,800
Apartments and Condos$2,100———$2,100
Houses—$2,400$2,400—$2,400

Frequently Asked Questions about Rentals in 46240

  • What is the average rent of an apartment in 46240?
    The average rent of an apartment in 46240 is $1,845 per month. This is about 5% lower than the national average.
  • What are the cheapest months to find an apartment to rent in 46240?
    Last year, the cheapest month to find an apartment to rent was Oct 2025 when it was $1,605 per month.
  • How many cheap apartments are available in 46240?
    There are 20 apartments to rent that are cheaper than the city’s average rent of $1,634.
  • When is the average rent most expensive in 46240?
    In the last year, the average rent in 46240 was highest in Jun 2025 when it was $1,850 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 $1,414 per month. That is about $107 more than the cost of a studio apartment.
  • 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.
View this page in Spanish: Apartamentos baratos en renta en los alrededores de 46240 - 599 Rentas | Trulia