Apartments in 46205

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How much does it cost to rent an apartment in 46205?

46205 apartments
Bed Type Average Rent Range
Studio $610 $610 - $610
1BR $770 $670 - $1,030
2BR $1,000 $760 - $1,230
3BR $1,320 $1,130 - $2,500
4+BR $2,250 $2,250 - $2,250
Find an Apartment in 46205
Looking for apartments for rent in the 46205 zip code in Indianapolis, IN? You're in luck! Rentable currently has 82 units available for rent in this area. The average rent in 46205 is $970, and you can find studio units starting at $636.

The top neighborhoods in 46205 include Mapleton, Upper Canal, and Kingpark. These neighborhoods offer a wide range of amenities, including nearby parks, community centers, and local shops.

If you're looking for apartments near 46205, Rentable has you covered. Take a look at our listings in this zip code and find the perfect place to call home. Whether you're looking for a studio, one-bedroom, or two-bedroom apartment, there are plenty of options to choose from.

Don't miss out on the opportunity to live in a vibrant and thriving community in Indianapolis. Explore the apartments 46205 Indianapolis, IN has to offer and start the search for your new home today.

Indianapolis:
May Rent Report

Welcome to the May 2024 Indianapolis Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the May 2024 key findings and figures for the Indianapolis rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Indianapolis and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Indianapolis average rent prices in the chart below.

Monthly Rent Report

$1,300
$980
$650
$330
$0
Apr. 2023
May. 2023
Jun. 2023
Jul. 2023
Aug. 2023
Sep. 2023
Oct. 2023
Nov. 2023
Dec. 2023
Jan. 2024
Feb. 2024
Mar. 2024
1 BR       2 BR

Indianapolis Rent Prices Decrease From April to May

Indianapolis rent prices decreased over the last month. From April to May, the city experienced a -0.31% decrease for the price of a one-bedroom apartment. The rent price for a Indianapolis one-bedroom apartments currently stands at $980.0.

When we take a look at the two-bedroom comparison from April to May, Indianapolis experienced a 0.9% increase for the price of a two-bedroom apartment. The rent price for a Indianapolis two-bedroom apartments currently stands at $1,231.0.

May Prices: Indianapolis vs. Surrounding Areas

Whitestown, IN
Carmel, IN
Plainfield, IN
Fishers, IN
Noblesville, IN
Greenwood, IN
Indianapolis, IN
Speedway, IN
$1,722
$1,554
$1,450
$1,422
$1,386
$1,054
$969
$895
$0
$600
$1,200
$1,800
$2,400
Median 1 BR Rent

Rent Prices in Indianapolis and Surrounding Areas

Rent prices have decreased in Indianapolis over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 5 of the Indianapolis suburbs increased last month. On the other hand, 2 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rent increased in Carmel, IN, Noblesville, IN, Whitestown, IN, Speedway, IN, Plainfield, IN .

  • Rent decreased in Fishers, IN, Greenwood, IN.

  • 6 suburbs are currently priced higher than the city of Indianapolis.

  • 1 suburb is currently priced lower than the city of Indianapolis.

May 2024 Pricing Trends: Indianapolis vs. National Comparisons

New York, NY
San Francisco, CA
Washington, DC
Los Angeles, CA
Chicago, IL
Columbus, OH
Minneapolis, MN
Pittsburgh, PA
Indianapolis, IN
$4,056
$3,039
$2,377
$2,336
$1,913
$1,300
$1,283
$1,178
$969
$0
$1,350
$2,700
$4,050
$5,400
Median Rent

Indianapolis Rent Prices More Affordable Than Major Cities

Rent growth in Indianapolis over the past year has been declining. When compared to major cities nearby, along with some of the most expensive cities in the country, Indianapolis average rent prices appear to be relatively affordable for local residents.

The price for a Indianapolis one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

For more information about Indianapolis and surrounding area rent prices, take a look at the complete data set below.

Data set for Indianapolis and suburbs

1 BR May 1 BR M/M % Change 2 BR May 2 BR M/M % Change
Indianapolis, IN $969.0 -1.12% $1,245.0 1.14%
Carmel, IN $1,554.0 4.02% $1,989.0 11.49%
Noblesville, IN $1,386.0 0.73% $1,701.0 1.19%
Whitestown, IN $1,722.0 2.81% $1,869.0 2.08%
Speedway, IN $895.0 0.22% $1,107.0 -0.36%
Fishers, IN $1,422.0 -2.54% $1,792.0 -4.78%
Greenwood, IN $1,054.0 -0.66% $1,283.0 -0.46%
Plainfield, IN $1,450.0 0.35% $1,703.0 -0.70%

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.