
Cheap Apartments for Rent in the 46227 ZIP Code of Indianapolis, IN from $300 (65 Rentals)
Cheap Apartments in the 46227 ZIP Code area of Indianapolis.


Country Club Apartments

Cherry Glen

5700 Madison Apartments & Edgewood on Madison

Brookwood Apartments

Sherbrook

Capital Place

Parc Bordeaux Apartments

Fox Club
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

Greentree Apartments

The Sycamores

Thompson Village Apartments

Beechmill Apartments

Waterford Place Apartments

City Heights

Oak Park

Buffalo Creek Apartments

One Somerset Apartments
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

Hanna Village Apartments

Martinique Terrace

Estates of Creekside Apartments

Community Place

Autumn Chase

Berkley Commons

2219-2221 Fairfax Rd

2213-2215 Fairfax Rd

1750 Atlantic St

1615 E Southport Rd
Check Out Indianapolis’s Best Affordable Neighborhoods
Learn about Indianapolis and the best places to live with original content written by our Local Expert Wendy Melton

SOUTHPORT AT BUCK CREEK

615 E Thompson Rd

Brookhaven at County Line Senior Apartments

4931 Mt Vernon Dr

2705 Palo Verde Ct

3730 Carson Ave

8546 Palo Verde Terrace
Indianapolis, IN Local Guide

How much does it cost to rent an apartment in 46227?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
46227 Studio Apartments | $883 | $699 | $1,185 |
46227 1 Bedroom Apartments | $1,008 | $435 | $1,287 |
46227 2 Bedroom Apartments | $1,235 | $945 | $1,875 |
46227 3 Bedroom Apartments | $1,545 | $1,030 | $2,600 |
46227 4 Bedroom Apartments | $1,680 | $1,595 | $1,790 |
Browse Apartments in the 46227 Zip Code of Indianapolis
Explore Indianapolis

Indianapolis, IN Local Guide
- Indianapolis Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Quick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Frequently Asked Questions about Cheap the 46227 ZIP Code Apartments
What is the Cheapest Studio apartment in 46227?
Currently the most affordable Cheap Studio Apartment in 46227 is at Waterbury Apartments listed at $750.
How much is rent for a Cheap One Bedroom 46227 Apartment?
The lowest price for a Cheap One Bedroom 46227 Apartment is $966 at Loper Commons.
What is the lowest price for a Cheap Two Bedroom 46227 Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in 46227 is starting from $989 at Martin Estates Apartments.
What is the most affordable 46227 Three Bedroom Apartment?
The best deal on a cheap 46227 Three Bedroom Apartment rental is at Loper Commons and starts from $1,347.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

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.

Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

Rise of Digital Nomads: Remote Work Tips for Apartment Renters
Written by: Brandie Parton
As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Written by: Christine Leonard, Esq.
Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.