Average Rent in 46202, Indianapolis, IN

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Current Versus Historical 46202, Indianapolis, IN Rents

46202 rentals average $773 for a studio rental to $2,200 for a 3-bedroom rental. The median price of all currently available listings is $1,500, or roughly $15 per square feet.

For the apartment units and housing in August 2026, median rents have fallen substantially over the last year. Studio rentals prices have increased by $78 (11.15%) year-over-year from $695 to $773. 1-bedroom rentals prices have decreased by $694 (-44.51%) year-over-year from $1,559 to $865. 2-bedroom rentals prices have decreased by $103 (-4.28%) year-over-year from $2,405 to $2,302. 3-bedroom rentals prices have decreased by $180 (-16.72%) year-over-year from $1,075 to $895. 4-bedroom rentals prices have increased by $0 (0.00%) year-over-year from $950 to $950. Note that this figure includes all active and rented listings throughout the month.

Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone up by 8.78% this month. 1-bedroom rents have gone up by 2.37% this month. 2-bedroom rents have gone up by 13.14% this month. 3-bedroom rents have gone down by 52.85% this month. 4-bedroom rents have gone down by 0.00% this month.

Beds	Price / Sqft	Aug 2026 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$22.71	$773	$695 (11.15%)	$883 (-12.55%)
1 BR	$20.79	$865	$1,559 (-44.51%)	$1,456 (-40.59%)
2 BR	$13.86	$2,302	$2,405 (-4.28%)	$2,033 (13.22%)
3 BR	$21.12	$895	$1,075 (-16.72%)	$2,300 (-61.09%)

Historical Rents in 46202, Indianapolis, IN

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near 46202

There are a total of 1 cities nearby 46202. The average rent in 46202 is currently $1,195 per month. Only one city nearby has an average rent lower than that. Our records show that Indianapolis, IN, with an average rent of $1,195, is the most affordable city nearby. In contrast, the most expensive city near 46202, Indianapolis, IN is Indianapolis, IN. Monthly rents here are on average $1,195 per month.

Let's compare 46202, Indianapolis, IN's rent against other top cities nearby by bedroom size. Typically, rent for studios in 46202, Indianapolis, IN is 6.15% more expensive than other cities nearby. One bedrooms are about 0.87% more expensive. Two bedrooms in 46202, Indianapolis, IN are about 1.64% more expensive. Finally, rent for three bedrooms are about 36.41% more expensive. Want more information? Check out the top 1 cities near 46202, Indianapolis, IN in the following table.

City	Studio	1 Bed	2 Bed	All
Indianapolis, IN	$725	$858	$1,500	$1,195

Top Neighborhoods Near 46202

Neighborhood	Studio	1 Bed	2 Bed	All

Top Counties Near 46202

There are a total of 1 counties located by 46202, Indianapolis, IN. One county in the area is Center, Indianapolis, IN. The average rent for rentals in these counties is $1,325. That's roughly around $16 per sqft. A total of one county has a lower average rent. The county that is the most affordable is Center, Indianapolis, IN. Its average rent per month is $1,325. Vice versa, with an average rent of $1,325, Center, Indianapolis, IN is the most expensive county by 46202, Indianapolis, IN.

Typically, rent for studios in 46202, Indianapolis, IN is 2.91% more expensive than other counties nearby. In comparison, rent for one bedroom listings in 46202, Indianapolis, IN is 0.58% more affordable than other counties nearby. Finally, rent for two bedrooms in 46202, Indianapolis, IN is 1.64% more expensive than other counties nearby. We've listed all of these counties in the table below.

County	Studio	1 Bed	2 Bed	All
Center, Indianapolis, IN	$750	$870	$1,500	$1,325

Top Zipcodes Near 46202

There is one zipcode in or near 46202, Indianapolis, IN. The average rent for this zipcode is $2,551.

The following table includes the zipcode in or near 46202, Indianapolis, IN. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
46204, Indianapolis, IN	$1,797	$2,057	$3,121	$2,551

Frequently Asked Questions - 46202 Average Rents

What is the average rent price in 46202, Indianapolis, IN?

The average monthly rental price for 46202, Indianapolis, IN apartments for rent is approximately $1,500. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do 46202, Indianapolis, IN rent prices drop in winter?

Yes! On average we see a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment for rent in 46202, Indianapolis, IN.

How much is a studio apartment in 46202, Indianapolis, IN?

The average monthly rental price for studio apartments is $773 and an average price per square feet of $22.71. There are a total of 6 studio apartment listings currently available for rent in 46202.

How much is a one bedroom apartment in 46202, Indianapolis, IN?

The average monthly rental price for one bedroom apartments is $865 and an average price per square feet of $20.79. There are a total of 15 one bedroom apartment listings currently available for rent in 46202.

How much is a two bedroom apartment in 46202, Indianapolis, IN?

The average monthly rental price for two bedroom apartments is $1,525 and an average price per square feet of $13.86. There are a total of 34 two bedroom apartment listings currently available for rent in 46202.

How have rent prices in 46202, Indianapolis, IN changed this year?

Rent prices for rentals in 46202, Indianapolis, IN can fluctuate yearly. Specifically, studio rental prices have changed by 0.11%, one bedroom rental prices have changed by -0.45%, two bedroom rental prices have changed by -0.04%, three bedroom rental prices have changed by -0.17% year-over-year.

What is a reasonable rent price in 46202, Indianapolis, IN?

A reasonable rent price in 46202, Indianapolis, IN is around $1,200/month. You can search for these reasonably priced rental listings on RentHop.