
Cheap Homes for Rent in the 46205 ZIP Code of Indianapolis, IN from $300 (37 Rentals)
Search the lowest-cost Homes available for rent right now in the 46205 ZIP Code area of Indianapolis.


3725 N Sherman Dr, Unit 7

3286 Hovey St

3709 N Parker Ave

2221 E 38th St

3165 Station St, Unit A

3233 Ralston Ave

2920 Lasalle St

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.

4242 Crittenden Ave

3385 N Sherman Dr

2722 Dr Andrew J Brown Ave

3421 N Olney St

3207 N Arsenal Ave

2343 E Adams St

2341 E Adams St

3558 N Washington Blvd

2810 Adams St
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.

2410 E Adams St

4301 Crittenden Ave

2828 N Gale St

4448 Evanston Ave

3370 N College Ave

3110 Guilford Ave

3522 N Olney St

2141 Bellefontaine St

5169 Caroline Ave
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.

3436 Lasalle St

538 W 29th St

3005 Ruckle St

3040 N College Ave

728 E 34th St

2901 N Talbott St

321 E 31st St

2958 N Park Ave, Unit 2958

2510 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.

2529 Guilford Ave
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 | $1,421 | $685 | $3,413 |
| 46205 3 Bedroom Homes for Rent | $1,767 | $850 | $3,868 |
| 46205 4 Bedroom Homes for Rent | $1,894 | $1,349 | $3,952 |
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 $799 to $9,756, while Three Bedroom Homes, Condos, and Townhomes for rent range from $850 to $3,868. Four Bedroom Single-Family rentals are also available starting from $1,349 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

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.