
Cheap Apartments for Rent in the 46220 ZIP Code of Indianapolis, IN from $300 (43 Rentals)
Search the lowest-cost Apartments available for rent right now in the 46220 ZIP Code area of Indianapolis.


Monon Walk Apartments

Wellington Square Apartments

Lincolnshire Apartments

A62 Apartments

Jade North Apartments

Carrollton Manor Apartments

Broad Ripple Trails
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.

Williamsburg North

Trails at Lakeside

Castleton Manor Apartments

Brockton

Summit at Keystone

Fallwood

TGM Avalon Lake

Broad Ripple Flats
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.

River House

Versa

Monon Living

Shore Acres

The Ripple

AYR Apartments

Park 66 Flats

The Line
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.

The Coil

Edgewater Apartments

6035 N College Ave

Chateau De Ville

Monon Park, Managed by Buckingham Monon Living

Chateau in the Woods

Compton Court Apartments

The MK
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.

721 E 54th St

Fountain Parc

The Pines at SoBro

Total Monthly Price
M Club Apartments

Willow Brook

The Lenox Apartment Homes

The Residences on 56th

5169 Caroline Ave
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

Shore Acres

Trenton House Apartments

4929 Katherine Dr
Indianapolis, IN Local Guide

How much does it cost to rent an apartment in 46220?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| 46220 Studio Apartments | $1,402 | $649 | $5,274 |
| 46220 1 Bedroom Apartments | $1,347 | $842 | $2,925 |
| 46220 2 Bedroom Apartments | $1,623 | $1,000 | $4,700 |
| 46220 3 Bedroom Apartments | $1,776 | $1,099 | $3,858 |
| 46220 4 Bedroom Apartments | $1,554 | $1,439 | $1,850 |
Browse Apartments in the 46220 Zip Code of Indianapolis
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Frequently Asked Questions about Cheap the 46220 ZIP Code Apartments
What is the Cheapest Studio apartment in 46220?
Currently the most affordable Cheap Studio Apartment in 46220 is at Waterbury Apartments listed at $775.
How much is rent for a Cheap One Bedroom 46220 Apartment?
The lowest price for a Cheap One Bedroom 46220 Apartment is $839 at Polo Run Apartments.
What is the lowest price for a Cheap Two Bedroom 46220 Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in 46220 is starting from $877 at Polo Run Apartments.
What is the most affordable 46220 Three Bedroom Apartment?
The best deal on a cheap 46220 Three Bedroom Apartment rental is at Yorktowne Farms Community and starts from $1,375.
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.