Cheap Apartments for Rent in 46254
57 rentals
Use arrow keys to navigate$780 - $1,025/mo
Studio-1 Bed
1 BathCambridge Commons | 4959 Oakhurst Dr #4806,
Indianapolis, IN 46254
Use arrow keys to navigatePET FRIENDLY$790 - $1,458/moStudio-2 Beds1-2 BathsScarborough Lake Apartments | 6430 Maidstone Rd #1250,
Indianapolis, IN 46254
Use arrow keys to navigateSPECIAL OFFERPET FRIENDLY$795 - $1,430/moStudio-2 Beds1-2 BathsGarden Pointe Apartments | 5005 Lily Ln #1-111,
Indianapolis, IN 46254
Use arrow keys to navigateSPECIAL OFFERPET FRIENDLY$835 - $1,735/mo1-3 Beds1-3 BathsLakeside Crossing at Eagle Creek Apartments and Townhomes | 3833 Wind Drift Dr #39012B,
Indianapolis, IN 46254
Use arrow keys to navigateNEW - 22 HRS AGOPET FRIENDLYTotal price$900 - $1,410/mo1-2 Beds1-2 BathsWoodbrook | 5302 Woodbrook Dr #5231-H,
Indianapolis, IN 46254
Use arrow keys to navigatePET FRIENDLYINCOME RESTRICTED
Use arrow keys to navigatePET FRIENDLY$949 - $1,499/mo1-2 Beds1-2 BathsThe George Apartment Homes | 5810 Sebring Dr #5760-B,
Indianapolis, IN 46254
PET FRIENDLY$965 - $1,583/mo1-3 Beds1-2 BathsThe Woods of Eagle Creek | 4949 Bobwhite Ln #1311,
Indianapolis, IN 46254
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NEW - 1 DAY AGOSPECIAL OFFERPET FRIENDLY$984 - $1,609/mo1-3 Beds1-2 BathsOakbrook Village | 6098 Georgetown Rd #6137-D,
Indianapolis, IN 46254
SPECIAL OFFERPET FRIENDLYTotal price$1,014 - $1,435/mo1-2 Beds1-2 BathsWylde at Eagle Creek | 6612 Eagle Pointe Dr N #3-2D,
Indianapolis, IN 46254
NEW - 9 HRS AGOSPECIAL OFFERPET FRIENDLY$1,020 - $1,431/mo1-3 Beds1-2 BathsCreekside Square Apartments | 5836 Hunnewell Dr #5861G,
Indianapolis, IN 46254
PET FRIENDLY$1,095 - $1,395/mo1-2 Beds1-2 BathsGuion Creek Apartments | 5906 Guion Rd #5930B,
Indianapolis, IN 46254
SPECIAL OFFERPET FRIENDLY$1,134 - $1,504/mo1-2 Beds1-2 BathsEnclave at Eagle Creek Apartments | 5483 Holly Springs Dr W #5375,
Indianapolis, IN 46254
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Average Rent Trends in 46254
Rent in 46254 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.
| Month | Average rent |
|---|---|
| Jun 2025 | $1,771 |
| Jul 2025 | $1,800 |
| Aug 2025 | $1,740 |
| Sep 2025 | $1,745 |
| Oct 2025 | $1,700 |
| Nov 2025 | $1,775 |
| Dec 2025 | $1,795 |
| Jan 2026 | $1,765 |
| Feb 2026 | $1,720 |
| Mar 2026 | $1,680 |
| Apr 2026 | $1,800 |
| May 2026 | $1,755 |
Average Rent By Bedroom and Home Type
In May 2026, Townhomes were the most affordable home type to rent compared with Apartments and Condos and Houses.
| 1 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $1,012 | $1,332 | $1,895 | $1,950 | $1,755 |
| Townhomes | — | $1,668 | $1,400 | — | $1,400 |
| Apartments and Condos | — | $1,500 | $1,875 | — | $1,500 |
| Houses | — | $1,800 | $1,955 | $1,950 | $1,955 |
Frequently Asked Questions about Rentals in 46254
- What is the average rent of an apartment in 46254?The average rent of an apartment in 46254 is $1,339 per month. This is about 31% lower than the national average.
- What is the average rent of a house in 46254?The average rent of a house in 46254 is $1,955 per month. This is about 1% higher than the national average.
- What is the average rent of a townhome in 46254?The average rent of a townhome in 46254 is $1,400 per month. This is about 27% lower than the national average.
- When is the average rent cheapest in 46254?In the last year, the average rent in 46254 was lowest in Oct 2025 when it was $1,700 per month.
- When is the average rent most expensive in 46254?In the last year, the average rent in 46254 was highest in Apr 2025 when it was $1,841 per month.
- How does the rent of a 1 bedroom apartment compare to a studio apartment in 46254?The average rent of a 1 bedroom apartment in 46254 is $1,012 per month. That is about $188 more than the cost of a studio apartment.
- How many available rental listings are in 46254?There are 54 available rental listings in 46254.
- What are some cities near 46254?Some nearby cities include: Speedway, Brownsburg, Indianapolis, Avon, Zionsville, Pittsboro. These cities may have more rental options to explore.