ZIP Code · IN

ZIP 46113

Part of Indianapolis, IN

Pop. 17,192·Marion County·11th most expensive ZIP in Indiana

Median rent (all units)

$1,935/mo

Year-over-Year

-1.1%

Month-over-Month

-1.1%

vs US Median

+$3

Reported rents

Falling (Monthly)

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Most AffordableMost Expensive

ZIP 46113 · $1,935

More expensive than 58% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$1,330

1 BR

$1,510

2 BR

$1,750

3 BR

$2,270

4 BR+

$2,780

Research median

$1,750/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: October 17, 2026

From the history

What the numbers show

Cheapest month to sign

December. Asking rents in ZIP 46113 usually run 1.3% below trend in December and 1.3% above it in July, about $50 a month apart at today's median. Based on 5 years of data.

Compared with the peak

Rent in ZIP 46113 is 1.3% below its high of $1,960 in July 2026, at $1,935 as of September 2026.

Past year vs. the rest of Indiana

Rent in ZIP 46113 changed -1.1% over the year to September 2026. Across the 114 Indiana ZIP codes Zillow tracks, the typical change was +3.9%.

Recent direction

Rent has fallen 2 months in a row, and rose in 6 of the last 12 months.

What a typical income covers

30% of the median household income ($84,463) is $2,112 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,750); a 3-bedroom is $2,270.

Rank in Indianapolis

28th cheapest of 30 ZIP codes in Indianapolis.

Cheaper nearby

ZIP 46221, 5 miles away, rents for 28% less ($1,389/mo), about $6,600 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 46113. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$23,220/yr

At $1,935/mo median

Location

CityIndianapolis

StateIN

CountyMarion County

Rent Market Meter

Renter's Market

Renter's MarketBalancedLandlord's Market

Rents are softening (down 1.1% YoY), so renters have negotiating leverage.

Based on rent-price momentum (-1.1% YoY, -1.1% MoM), not inventory.

Demographics

Who lives here

ZIP 46113 (Indianapolis, IN) is majority owner-occupied, has a large share of families with children, 23.5% of residents hold a bachelor's degree or higher.

Population

17,192

Median income

$84,463

Median age

34.1

Renters

25.2%

Age distribution

26.7%

25.1%

27.4%

Under 1826.7%

18–3425.1%

35–5427.4%

55–649.2%

65+11.5%

Gender

50%

Male50%

Female50%

Race & ethnicity

76.7%

15.9%

White76.7%

Black15.9%

Hispanic5.6%

Asian0.7%

Other1.1%

Education (25+)

34.5%

35.7%

23.5%

No HS diploma6.3%

HS diploma34.5%

Some college35.7%

Bachelor's+23.5%

Housing tenure

74.8%

25.2%

Owner74.8%

Renter25.2%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 46113 in Indianapolis, IN has changed in 5 years

Rent

$1,444 → $1,935

up 34.0%

Income

$77,774 → $84,463

up 8.6%

Population

15,798 → 17,192

up 8.8%

Renter share

20.5% → 25.2%

+4.7 pts

Bachelor's+

23.5% → 23.5%

+0.0 pts

Median age

38.2 → 34.1

-4.1 yrs

Rent in ZIP 46113 in Indianapolis, IN has climbed 34.0% since 2021, going from about $1,444 per month to roughly $1,935 today. Median household income grew from $77,774 to $84,463 between 2021 and 2024, a 8.6% shift. Rent outpaced income growth by roughly 25.4 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. Headcount in the area went from 15,798 to 17,192 between 2021 and 2024, a 8.8% change. About 25.2% of households rent today, against 20.5% in 2021. Taken together, the five-year picture in ZIP 46113 in Indianapolis, IN reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.

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About renting in ZIP 46113

Last updated: October 17, 2026

ZIP code 46113 covers Indianapolis, IN. The median rent here is $1,935/mo as of October 2026. A 1-bedroom rents for a median of $1,510/mo. A 2-bedroom rents for a median of $1,750/mo.

At 27% of local median household income ($84,463/yr), ZIP 46113 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 1.1% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 46113?

To keep rent at or below 30% of gross income, you would need to earn at least $77,000/year (about $37/hour full-time) to afford the median rent of $1,935/mo in ZIP 46113. The local median household income is $84,463/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 46113?

Rent in ZIP 46113 has fallen 1.1% over the past year as of September 2026. It sits 1.3% below its high of $1,960 in July 2026.

When is the cheapest time to rent in ZIP 46113?

Asking rents in ZIP 46113 are usually lowest in December, about 1.3% below their yearly trend, and highest in July, about 1.3% above it. At today's median that is a gap of roughly $50 a month. This pattern comes from 5 years of Zillow rent data.

How does ZIP 46113 compare to other ZIPs in Indiana?

ZIP 46113 is one of the pricier among Indiana ZIP codes for rent, ranking #11 of 139 at $1,935/mo. Over the year to September 2026, rent in ZIP 46113 changed -1.1%, against a typical +3.9% across the 114 Indiana ZIP codes Zillow tracks.