ZIP 46201
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12-month history
Last updated: October 17, 2026
What the numbers show
January. Asking rents in ZIP 46201 usually run 0.8% below trend in January and 0.7% above it in September, about $18 a month apart at today's median. Based on 11 years of data.
Rent in ZIP 46201 is at its highest level since Zillow's records here began in January 2015.
Rent in ZIP 46201 changed +5.1% over the year to September 2026. Across the 114 Indiana ZIP codes Zillow tracks, the typical change was +3.9%.
From 2019 to 2024, rent in ZIP 46201 rose 58.3% while median household income rose 59.1% ($30,917 to $49,195). Income kept ahead of rent.
Rent in ZIP 46201 is 70.3% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent rose in 11 of the last 12 months.
30% of the median household income ($49,195) is $1,230 a month. That covers HUD's Fair Market Rent for up to a 1-bedroom ($1,100); a 2-bedroom is $1,280.
5th cheapest of 30 ZIP codes in Indianapolis.
ZIP 46219, 4 miles away, rents for 14% less ($1,053/mo), about $2,000 a year in savings.
From Zillow's monthly rent index (ZORI) for ZIP 46201. 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.
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.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How ZIP 46201 in Indianapolis, IN has changed in 5 years
Across the past five years, the going rent in ZIP 46201 in Indianapolis, IN has shifted from $801 to $1,221, up 52.4% 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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Tips for renters in ZIP 46201
Last updated: October 17, 2026
ZIP code 46201 covers Indianapolis, IN. The median rent here is $1,221/mo as of October 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 5.1% over the past year.
Frequently asked questions
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How does ZIP 46201 compare to the rest of Indianapolis?
At $1,221/mo, rent takes ~30% of ZIP 46201's median household income ($49,195/yr). The standard benchmark is 30%.
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