
Cheap Apartments for Rent in the 46227 ZIP Code of Indianapolis, IN from $300 (71 Rentals)
Search the lowest-cost Apartments available for rent right now in the 46227 ZIP Code area of Indianapolis.


Garfield Park Village

Sherbrook

5700 Madison Apartments & Edgewood on Madison

One Somerset

Pine Glen

Brookwood Apartments

Greentree Apartments

Capital Place

Total Monthly Price
Buckridge at Southport
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.

Parc Bordeaux Apartments

Fox Club

Berkley Commons

Thompson Village Apartments

SOUTHPORT AT BUCK CREEK

Beechmill Apartments

Waterford Place Apartments

Martinique Terrace

The Sycamores

City Heights
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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.

Cherry Glen

Oak Park

Autumn Chase

1222 E Thompson Rd

Hanna Village

717-717 Southfield Ct

Community Place

The Jacob

South Haven Village Apartments

2414 E Dudley Ave
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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.

Rosedale Hills

Crossroads at Madison

Estate View

Stone Lake

Pleasant Creek Apartments

Windsor Court

Spicewood

South & Madison

Crossroads at Southgreen

5110 Southgreen Dr
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.

Fountain Lake Villas

Markwood Terrace Apartments

The Sterling

615 E Thompson Rd

Brookhaven at County Line Senior Apartments

Estates of Creekside Apartments

Buffalo Creek Apartments

5025 S Walcott St

3052 Carson Ave

Crestwood Village South
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.
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 | $1,003 | $739 | $1,325 |
| 46227 1 Bedroom Apartments | $1,063 | $699 | $1,650 |
| 46227 2 Bedroom Apartments | $1,240 | $775 | $1,899 |
| 46227 3 Bedroom Apartments | $1,524 | $1,070 | $1,821 |
| 46227 4 Bedroom Apartments | $1,760 | $1,760 | $1,760 |
Browse Apartments in the 46227 Zip Code of Indianapolis
Explore Indianapolis

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 $775.
How much is rent for a Cheap One Bedroom 46227 Apartment?
The lowest price for a Cheap One Bedroom 46227 Apartment is $824 at Keeneland Crest Apartments.
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 $939 at Keeneland Crest Apartments.
What is the most affordable 46227 Three Bedroom Apartment?
The best deal on a cheap 46227 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

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.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.