ZIP Code · IN

ZIP 46168

Part of Plainfield, IN

Pop. 38,826·Hendricks County·27th most expensive ZIP in Indiana

Median rent (all units)

$1,703/mo

Year-over-Year

+3.5%

Month-over-Month

+0.9%

vs US Median

-$229

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 46168 · $1,703

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

Rent check

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Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$1,220

1 BR

$1,380

2 BR

$1,610

3 BR

$2,080

4 BR+

$2,560

Research median

$1,610/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

Compared with the peak

Rent in ZIP 46168 is at its highest level since Zillow's records here began in January 2021.

Past year vs. the rest of Indiana

Rent in ZIP 46168 changed +3.5% over the year to September 2026. Across the 114 Indiana ZIP codes Zillow tracks, the typical change was +3.9%.

Recent direction

Rent has risen 3 months in a row, and rose in 8 of the last 12 months.

What a typical income covers

30% of the median household income ($90,000) is $2,250 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($2,080); a 4-bedroom is $2,560.

Cheaper nearby

ZIP 46241, 6 miles away, rents for 20% less ($1,369/mo), about $4,000 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 46168. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$20,436/yr

At $1,703/mo median

Location

CityPlainfield

StateIN

CountyHendricks County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (3.5% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+3.5% YoY, +0.9% MoM), not inventory.

Demographics

Who lives here

ZIP 46168 (Plainfield, IN) is majority owner-occupied, has a median income above the national average, 34.7% of residents hold a bachelor's degree or higher.

Population

38,826

Median income

$90,000

Median age

Renters

33.4%

Age distribution

20.8%

24.2%

27.7%

16.3%

Under 1820.8%

18–3424.2%

35–5427.7%

55–6411%

65+16.3%

Gender

54.5%

45.5%

Male54.5%

Female45.5%

Race & ethnicity

75.4%

White75.4%

Black11.4%

Hispanic6.5%

Asian3%

Other3.8%

Education (25+)

31.7%

24.4%

34.7%

No HS diploma9.2%

HS diploma31.7%

Some college24.4%

Bachelor's+34.7%

Housing tenure

66.6%

33.4%

Owner66.6%

Renter33.4%

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

2021 vs 2026

How ZIP 46168 in Plainfield, IN has changed in 5 years

Rent

$1,248 → $1,703

up 36.5%

Income

$73,503 → $90,000

up 22.4%

Population

37,058 → 38,826

up 4.8%

Renter share

33.8% → 33.4%

-0.4 pts

Bachelor's+

35.5% → 34.7%

-0.8 pts

Five years ago, renters in ZIP 46168 in Plainfield, IN paid around $1,248 a month. That figure now sits near $1,703, up 36.5% from the 2021 baseline. Local incomes tracked alongside that move, going from a median of $73,503 in 2021 to $90,000 more recently. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. Census counts show ZIP 46168 in Plainfield, IN adding about 1,768 residents over the five-year window, up 4.8% on net. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the ZIP 46168 in Plainfield, IN market of 2021.

Community

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Local insights

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About renting in ZIP 46168

Last updated: October 17, 2026

ZIP code 46168 covers Plainfield, IN. The median rent here is $1,703/mo as of October 2026. A 1-bedroom rents for a median of $1,380/mo. A 2-bedroom rents for a median of $1,610/mo.

At 23% of local median household income ($90,000/yr), ZIP 46168 ranks as affordable compared to the national benchmark of 30%. Rents have increased 3.5% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 46168?

To keep rent at or below 30% of gross income, you would need to earn at least $68,000/year (about $33/hour full-time) to afford the median rent of $1,703/mo in ZIP 46168. The local median household income is $90,000/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 46168?

Rent in ZIP 46168 has risen 3.5% over the past year as of September 2026. That is the highest level since Zillow's records here began in January 2021.

How does ZIP 46168 compare to other ZIPs in Indiana?

ZIP 46168 is one of the pricier among Indiana ZIP codes for rent, ranking #27 of 139 at $1,703/mo. Over the year to September 2026, rent in ZIP 46168 changed +3.5%, against a typical +3.9% across the 114 Indiana ZIP codes Zillow tracks.