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ZIP Code · IN

ZIP 46201

Pop. 30,335·Marion County·92nd most expensive ZIP in Indiana
Median rent (all units)
$1,240/mo
Year-over-Year
+9.9%
Month-over-Month
-0.6%
vs US Median
-$725
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 46201 · $1,240
More affordable than 90% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$970
1 BR
$1,100
2 BR
$1,280
3 BR
$1,660
4 BR+
$2,030
Research median
$1,280/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: July 20, 2026

Annual cost
$14,880/yr
At $1,240/mo median
Location
StateIN
CountyMarion County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 9.9% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+9.9% YoY, -0.6% MoM), not inventory.
Demographics

Who lives here

ZIP 46201 (Indianapolis, IN) is roughly split between renters and owners, has a median income below the national average, 28.9% of residents hold a bachelor's degree or higher.

Population
30,335
Median income
$49,195
Median age
34.6
Renters
48.4%
Age distribution
23.1%
27.8%
26.6%
Under 1823.1%
18–3427.8%
35–5426.6%
55–6411.2%
65+11.3%
Gender
51.8%
48.2%
Male51.8%
Female48.2%
Race & ethnicity
57.4%
17.9%
23.4%
White57.4%
Black17.9%
Hispanic23.4%
Other0.9%
Education (25+)
20.9%
28.9%
21.3%
28.9%
No HS diploma20.9%
HS diploma28.9%
Some college21.3%
Bachelor's+28.9%
Housing tenure
51.6%
48.4%
Owner51.6%
Renter48.4%

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

2021 vs 2026

How ZIP 46201 in Indianapolis, IN has changed in 5 years

Rent
$785 → $1,240
up 58.0%
Income
$34,790 → $49,195
up 41.4%
Population
31,193 → 30,335
down 2.8%
Renter share
57.9% → 48.4%
-9.5 pts
Bachelor's+
20.5% → 28.9%
+8.4 pts

Across the past five years, the going rent in ZIP 46201 in Indianapolis, IN has shifted from $785 to $1,240, up 58.0% since 2021. Median household income climbed from $34,790 to $49,195 between 2021 and 2024, a 41.4% shift. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. Census counts show ZIP 46201 in Indianapolis, IN losing about 858 residents over the five-year window, down 2.8% on net. The renter share has eased from 57.9% to 48.4%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 20.5% to 28.9% across the same window. Taken together, the five-year picture in ZIP 46201 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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Local insights

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About renting in ZIP 46201

Last updated: July 20, 2026

ZIP code 46201 covers Indianapolis, IN. The median rent here is $1,240/mo as of July 2026. A 1-bedroom rents for a median of $1,100/mo. A 2-bedroom rents for a median of $1,280/mo.

At 30% of local median household income ($49,195/yr), ZIP 46201 ranks as moderate compared to the national benchmark of 30%. Rents have increased 9.9% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 46201?

As of July 20, 2026, the median monthly rent in ZIP 46201 (Indianapolis, IN) is $1,240. This is based on aggregated data from public sources and community submissions.

How does ZIP 46201 rent compare to the US average?

ZIP 46201's median rent of $1,240/mo is $725 (37%) below the US national median of $1,965/mo.

How does ZIP 46201 compare to other ZIPs in Indiana?

ZIP 46201 falls in the middle range for Indiana, ranking #92 out of 144 ZIPs at $1,240/mo.

How much income do you need to rent in ZIP 46201?

To keep rent at or below 30% of gross income, you would need to earn at least $50,000/year (~$24/hour full-time) to afford the median rent of $1,240/mo in ZIP 46201. The local median household income is $49,195/yr, meaning the typical household falls short of that threshold.

Is rent going up or down in ZIP 46201?

Rent in ZIP 46201 has increased 9.9% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 46201 an affordable place to rent?

ZIP 46201 is considered moderate for renters. At $1,240/mo, rent takes approximately 30% of the local median household income ($49,195/yr). The standard benchmark is 30%. ZIP 46201 slightly exceeds that threshold, so budgeting carefully matters here.

What percentage of ZIP 46201 residents rent vs. own?

According to Census data, approximately 48.4% of ZIP 46201 households are renters, while 51.6% are owner-occupied. ZIP 46201 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 46201 compare to the rest of Indianapolis?

ZIP 46201 is more affordable than Indianapolis overall. At $1,240/mo, it's $171 below the Indianapolis citywide median of $1,411/mo.

When was rent data for ZIP 46201 last updated?

Rent data for ZIP 46201 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
30%
MODERATE

At $1,240/mo, rent takes ~30% of ZIP 46201's median household income ($49,195/yr). The standard benchmark is 30%.

ZIP 46201 30%Benchmark 30%
State income tax3.05%
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Schools nearby

Public schools near ZIP 46201 (Indianapolis, IN)

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