Cheap Apartments for Rent in 47240
10 rentals
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Apartments For Rent Near 47240
We found 30 more apartments matching your filters just outside 47240
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Use arrow keys to navigate$825 - $1,300/mo
1-3 Beds
1-2 BathsVillage in the Woods | 1139 Tekulve Rd #401-22,
Batesville, IN 47006
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Use arrow keys to navigateSPECIAL OFFER$920 - $1,480/mo1-3 Beds1-2 BathsWater Dance Apartments | 1700 Morningside Dr #6fa86c28e,
Shelbyville, IN 46176
Use arrow keys to navigateSPECIAL OFFER$930 - $1,515/mo1-3 Beds1-2 BathsCimarron Place Apartments | 1713 Cimarron Place Dr #9f1e15412,
Shelbyville, IN 46176
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Average Rent Trends in 47240
Rent in 47240 varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent increased in May 2026 compared to the previous month. Rent previously peaked in Mar 2025.
| Month | Average rent |
|---|---|
| Jun 2025 | $1,077 |
| Jul 2025 | $1,324 |
| Aug 2025 | $1,295 |
| Sep 2025 | $1,100 |
| Oct 2025 | $1,295 |
| Nov 2025 | $1,324 |
| Dec 2025 | $1,299 |
| Jan 2026 | $1,324 |
| Feb 2026 | $1,200 |
| Mar 2026 | $1,150 |
| Apr 2026 | $1,249 |
| May 2026 | $1,400 |
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 | $1,100 | $1,300 | $1,550 | $2,350 | $1,400 |
| Townhomes | — | $1,200 | — | — | $1,200 |
| Apartments and Condos | $1,100 | — | $1,350 | — | $1,350 |
| Houses | — | $1,300 | $3,995 | $2,350 | $2,350 |
Frequently Asked Questions about Rentals in 47240
- What is the average rent of an apartment in 47240?The average rent of an apartment in 47240 is $1,400 per month. This is about 27% lower than the national average.
- What is the average rent of a house in 47240?The average rent of a house in 47240 is $2,350 per month. This is about 22% higher than the national average.
- What is the average rent of a townhome in 47240?The average rent of a townhome in 47240 is $1,200 per month. This is about 38% lower than the national average.
- When is the average rent cheapest in 47240?In the last year, the average rent in 47240 was lowest in Jan 2025 when it was $975 per month.
- When is the average rent most expensive in 47240?In the last year, the average rent in 47240 was highest in Mar 2025 when it was $1,400 per month.
- How many available rental listings are in 47240?There are 12 available rental listings in 47240.
- What are some cities near 47240?Some nearby cities include: Greensburg, New Point, Millhousen, Saint Paul, Milroy, Westport. These cities may have more rental options to explore.