Average Rent in 46204, Indianapolis, IN

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Current Versus Historical 46204, Indianapolis, IN Rents

46204 rentals average $1,797 for a studio rental to $3,924 for a 3-bedroom rental. The median price of all currently available listings is $2,551.

For the apartment units and housing in March 2026, median rents have fallen substantially over the last year. Studio rentals prices have increased by $0 (0.00%) year-over-year from $1,797 to $1,797. 1-bedroom rentals prices have decreased by $487 (-18.89%) year-over-year from $2,576 to $2,090. 2-bedroom rentals prices have decreased by $415 (-11.69%) year-over-year from $3,550 to $3,135. 3-bedroom rentals prices have increased by $106 (2.97%) year-over-year from $3,575 to $3,681. 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 down by 0.00% this month. 1-bedroom rents have gone down by 13.24% this month. 2-bedroom rents have gone down by 8.66% this month. 3-bedroom rents have gone up by 1.96% this month.

Beds	Price / Sqft	Mar 2026 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	N/A	$1,797	$1,797 (0.00%)	$1,797 (0.00%)
1 BR	N/A	$2,090	$2,576 (-18.89%)	$2,599 (-19.60%)
2 BR	N/A	$3,135	$3,550 (-11.69%)	$3,553 (-11.76%)
3 BR	N/A	$3,681	$3,575 (2.97%)	$3,575 (2.97%)

Historical Rents in 46204, Indianapolis, IN

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near 46204

There are a total of 1 cities nearby 46204. The average rent in 46204 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 46204, Indianapolis, IN is Indianapolis, IN. Monthly rents here are on average $1,195 per month.

Let's compare 46204, Indianapolis, IN's rent against other top cities nearby by bedroom size. Typically, rent for studios in 46204, Indianapolis, IN is 59.65% more expensive than other cities nearby. One bedrooms are about 58.31% more expensive. Two bedrooms in 46204, Indianapolis, IN are about 51.94% more expensive. Finally, rent for three bedrooms are about 64.34% more expensive. Want more information? Check out the top 1 cities near 46204, Indianapolis, IN in the following table.

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

Top Neighborhoods Near 46204

Neighborhood	Studio	1 Bed	2 Bed	All

Top Counties Near 46204

There are a total of 1 counties located by 46204, 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 46204, Indianapolis, IN.

Typically, rent for studios in 46204, Indianapolis, IN is 58.26% more expensive than other counties nearby. In comparison, rent for one bedroom listings in 46204, Indianapolis, IN is 57.71% more expensive than other counties nearby. Finally, rent for two bedrooms in 46204, Indianapolis, IN is 51.94% 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 46204

There is one zipcode in or near 46204, Indianapolis, IN. The average rent for this zipcode is $1,500. One zipcode has an average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 46202, Indianapolis, IN at $1,500 per month. In comparison, the zipcode with the most expensive average rent of $1,500 per month is 46202, Indianapolis, IN.

The following table includes the zipcode in or near 46204, Indianapolis, IN. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
46202, Indianapolis, IN	$773	$865	$1,525	$1,500

Frequently Asked Questions - 46204 Average Rents

What is the average rent price in 46204, Indianapolis, IN?

The average monthly rental price for 46204, Indianapolis, IN apartments for rent is approximately $2,551. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do 46204, 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 46204, Indianapolis, IN.

How much is a studio apartment in 46204, Indianapolis, IN?

The average monthly rental price for studio apartments is $1,797. There are a total of 9 studio apartment listings currently available for rent in 46204.

How much is a one bedroom apartment in 46204, Indianapolis, IN?

The average monthly rental price for one bedroom apartments is $2,057. There are a total of 45 one bedroom apartment listings currently available for rent in 46204.

How much is a two bedroom apartment in 46204, Indianapolis, IN?

The average monthly rental price for two bedroom apartments is $3,121. There are a total of 37 two bedroom apartment listings currently available for rent in 46204.

How have rent prices in 46204, Indianapolis, IN changed this year?

Rent prices for rentals in 46204, Indianapolis, IN can fluctuate yearly. Specifically, studio rental prices have changed by 0.00%, one bedroom rental prices have changed by -0.19%, two bedroom rental prices have changed by -0.12%, three bedroom rental prices have changed by 0.03% year-over-year.

What is a reasonable rent price in 46204, Indianapolis, IN?

A reasonable rent price in 46204, Indianapolis, IN is around $2,041/month. You can search for these reasonably priced rental listings on RentHop.