
Cheap Homes for Rent in the 46205 ZIP Code of Indianapolis, IN from $300 (36 Rentals)
Search the lowest-cost Homes available for rent right now in the 46205 ZIP Code area of Indianapolis.


2930 N Dearborn St

2932 N Dearborn St, Unit B

3554 N Washington Blvd, Unit 2

2722 N Olney St

3016 N New Jersey St

3141 N Park Ave

3772 N Parker Ave

538 W 29th St
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

2949 Adams St

3207 N Arsenal Ave

2343 E Adams St

2341 E Adams St

3202 Ruckle St

5005 Indianola Ave

5005 Indianola Ave

2159-2159 Bellefontaine St, Unit 2157

3201 Ralston Ave
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

3522 N Olney St

2141 Bellefontaine St

5169 Caroline Ave

3139 Guilford Ave

3139 Guilford Ave

538 W 29th St

3110 Guilford Ave

3753 N Meridian St, Unit 104

3142 N Gale St
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

4448 Evanston Ave

2901 N Talbott St

2950 Winthrop Ave, Unit A

2950 Winthrop Ave, Unit B

2950 Winthrop Ave

906 42nd St

3305 N Keystone Ave

3736 Kinnear Ave

2529 Guilford Ave
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.
Indianapolis, IN Local Guide

How much does it cost to rent an apartment in Indianapolis?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| 46205 2 Bedroom Homes for Rent | $1,257 | $545 | $4,672 |
| 46205 3 Bedroom Homes for Rent | $1,515 | $626 | $4,337 |
| 46205 4 Bedroom Homes for Rent | $1,270 | $1,090 | $2,475 |
Browse Homes for Rent in the 46205 Zip Code of Indianapolis
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Frequently Asked Questions about the 46205 ZIP Code
How much are larger Three and Four Bedroom Rentals in 46205?
For those who are looking for larger living arrangements, Three Bedroom Apartments in 46205 range from $626 to $8,592, while Three Bedroom Homes, Condos, and Townhomes for rent range from $626 to $4,337. Four Bedroom Single-Family rentals are also available starting from $1,090 and Four Bedroom Apartments start at $600.
Expert Rental Resources
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.
Helpful Local Expert Guides

A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Indianapolis
Written by: Wendy Melton
Indianapolis is not only the state capital of Indiana, it’s also a shining example of what Midwestern living is all about. I’m Wendy, your ApartmentHomeLiving.

Your Guide to Picking the Perfect Indianapolis Neighborhood for Student Renters
Written by: Wendy Melton
Indianapolis is well-known for being one of the top college cities in the country. Local colleges and universities are ranked in the Top 10 when it comes to sports and academic excellence.

Find Your Indy Home: A Guide to Indianapolis Apartment Rentals and Neighborhoods
Written by: Wendy Melton
My name is Wendy, and I've lived in Indiana for most of my life. Indianapolis is our state capital, and many people consider it the heart of the Midwest. People come from all around to explore everything Indianapolis has to offer.

Indys Innovation Hub: Top Indianapolis Employers and the Neighborhoods that Welcome You Home
Written by: Wendy Melton
Indianapolis is truly the heart of the Midwest. No matter what career path you choose, opportunities for advancement are everywhere.
Articles, How-To's, and Tips

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.