Rents are 3% above what Zionsville's 10-year trend predicts — running hotter than its own history.
Rent by unit size
These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,879 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.
Source: HUD Small Area Fair Market Rents. Read the methodology →
12-month history
Last updated: October 17, 2026
What the numbers show
Rent in Zionsville is at its highest level since Zillow's records here began in December 2021.
Rent in Zionsville changed +8.1% over the year to September 2026. Across the 49 Indiana cities Zillow tracks, the typical change was +4.5%.
Rent has risen 6 months in a row, and rose in 9 of the last 12 months.
30% of the median household income ($172,024) is $4,301 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($2,960).
Speedway, 13 miles away, rents for 14% less ($1,615/mo), about $3,200 a year in savings.
From Zillow's monthly rent index (ZORI) for Zionsville. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
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Who lives here
Zionsville, IN is majority owner-occupied, has a large share of families with children, has a median income above the national average, 72.4% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Zionsville, IN has changed in 5 years
Five years ago, renters in Zionsville, IN paid around $1,507 a month. That figure now sits near $1,879, up 24.7% from the 2022 baseline. Household income in the area moved from $141,546 to $172,024 across the same window, up 21.5% versus 2021. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. Census counts show Zionsville, IN adding about 1,837 residents over the five-year window, up 6.1% on net. Bachelor's-degree-or-higher attainment moved from 69.2% to 72.4% across the same window. Reading these numbers side by side helps frame whether current listings in Zionsville, IN look reasonable against where the market sat half a decade ago.
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Can you afford rent in Zionsville on your salary?
At $1,879/mo, how Zionsville rent compares to typical pay (30% rule).
Zionsville rent by bedroom count
Median rent for each apartment size in Zionsville. Click any size for full breakdown.
Tips for renters in Zionsville
Last updated: October 17, 2026
The median rent in Zionsville is $1,879/mo as of October 2026. A studio apartment averages $1,390/mo while a 2-bedroom runs $1,870/mo. One-bedroom apartments average $1,600/mo and 3-bedroom units go for $2,430/mo.
At 13% of local median household income ($172,024/yr), Zionsville ranks as affordable compared to the national benchmark of 30%. Rents have increased 8.1% over the past year.
Frequently asked questions
How much income do you need to rent in Zionsville?
Is rent going up or down in Zionsville?
How does Zionsville rent compare to other cities in Indiana?
Which nearby cities are cheaper to rent in than Zionsville?
At $1,879/mo, rent takes ~13% of Zionsville's median household income ($172,024/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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