Cheap Apartments for Rent in 46407
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Average Rent Trends in 46407
Rent in 46407 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 | $1,150 |
| Jul 2025 | $1,150 |
| Aug 2025 | $1,100 |
| Sep 2025 | $1,200 |
| Oct 2025 | $1,150 |
| Nov 2025 | $1,150 |
| Dec 2025 | $1,140 |
| Jan 2026 | $1,150 |
| Feb 2026 | $1,200 |
| Mar 2026 | $1,213 |
| Apr 2026 | $1,200 |
| May 2026 | $1,128 |
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 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $800 | $1,066 | $1,350 | $1,350 | $1,150 |
| Apartments and Condos | $800 | $1,100 | $1,200 | $1,350 | $1,100 |
| Houses | — | $1,033 | $1,350 | $1,200 | $1,250 |
Frequently Asked Questions about Rentals in 46407
- What is the average rent of an apartment in 46407?The average rent of an apartment in 46407 is $1,038 per month. This is about 46% lower than the national average.
- What is the average rent of a house in 46407?The average rent of a house in 46407 is $1,250 per month. This is about 35% lower than the national average.
- When is the average rent cheapest in 46407?In the last year, the average rent in 46407 was lowest in Jan 2025 when it was $1,000 per month.
- When is the average rent most expensive in 46407?In the last year, the average rent in 46407 was highest in Apr 2025 when it was $1,200 per month.
- How does the rent of a 1 bedroom apartment compare to a studio apartment in 46407?The average rent of a 1 bedroom apartment in 46407 is $800 per month. That is about $205 more than the cost of a studio apartment.
- How many available rental listings are in 46407?There are 52 available rental listings in 46407.
- What are some cities near 46407?Some nearby cities include: Gary, New Chicago, Lake Station, Griffith, Hobart, Merrillville. These cities may have more rental options to explore.