
Cheap Apartments for Rent in the 46221 ZIP Code of Indianapolis, IN from $300 (48 Rentals)
Search the lowest-cost Apartments available for rent right now in the 46221 ZIP Code area of Indianapolis.


1344 S Belmont Ave

Alpine Studios

Home Place Senior Living

Mann Village Apartments

Total Monthly Price
Horizons Apartments

The Assumption on Blaine

3256-3258 W Mooresville Rd

1755 W Morris 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.

Deerfield Acres

Rand House Apartments

1339 W Lee St

Aspen Pointe Apartments

Arborwood Apartments

651 Birch Ave

7116 Oldham Dr

6405 Kellum Dr

8149 Trevellian Way
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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.

Ashgrove Apartments

1918 W Washington St, Unit 4

1918 W Washington St, Unit 12

1918 W Washington St, Unit 1 Bedroom

Plaza at Central Greens

Suncrest

Murphy's Landing

Creek Bay

Windsor Park
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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.

1466 S Worth Ave

Stone Ridge Flats and Townhomes

Aspen Lakes

Southern Dunes

1918 W Washington St, Unit 10

55 S Harding St, Unit 210, Unit 210

7442 Rockleigh Ave

Bluff Crossing Apartments

Cloverleaf Apartments & Townhomes
Indy's Innovation Hub: Top Indianapolis Employers and the Neighborhoods that Welcome You Home
Find your dream job and perfect neighborhood in Indy. Discover major companies and the best places to live for young professionals and families, from historic districts to quiet, upscale communities.

Remington on Rockville

Valley Brook MHC

The Oasis

Dakota Ridge

The Steeples on Washington

2644 Foltz St

5109 W Raymond St

525 S Vine St

55 S Harding St
Find Your Indy Home: A Guide to Indianapolis Apartment Rentals and Neighborhoods
Discover the heart of the Midwest! Learn about popular Indianapolis neighborhoods to rent like Speedway and Eagledale, plus top universities and can't-miss places to eat.

Lighthouse Landings

1425 Western Dr

4835 W Morris St
Indianapolis, IN Local Guide

How much does it cost to rent an apartment in 46221?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| 46221 Studio Apartments | $1,206 | $750 | $2,250 |
| 46221 1 Bedroom Apartments | $1,150 | $778 | $1,430 |
| 46221 2 Bedroom Apartments | $1,373 | $945 | $1,795 |
| 46221 3 Bedroom Apartments | $1,602 | $1,312 | $2,262 |
| 46221 4 Bedroom Apartments | $1,695 | $1,676 | $1,726 |
Browse Apartments in the 46221 Zip Code of Indianapolis
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Frequently Asked Questions about Cheap the 46221 ZIP Code Apartments
What is the Cheapest Studio apartment in 46221?
Currently the most affordable Cheap Studio Apartment in 46221 is at Waterbury Apartments listed at $775.
How much is rent for a Cheap One Bedroom 46221 Apartment?
The lowest price for a Cheap One Bedroom 46221 Apartment is $799 at Keeneland Crest Apartments.
What is the lowest price for a Cheap Two Bedroom 46221 Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in 46221 is starting from $956 at Auburn Place.
What is the most affordable 46221 Three Bedroom Apartment?
The best deal on a cheap 46221 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
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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

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.

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Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.