ZIP 46202
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12-month history
Last updated: October 17, 2026
What the numbers show
December. Asking rents in ZIP 46202 usually run 1% below trend in December and 1% above it in June, about $29 a month apart at today's median. Based on 9 years of data.
Rent in ZIP 46202 is at its highest level since Zillow's records here began in October 2017.
Rent in ZIP 46202 changed +5.6% 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 46202 rose 30.7% while median household income rose 46.1% ($43,462 to $63,506). Income kept ahead of rent.
Rent in ZIP 46202 is 36.7% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent has risen 2 months in a row, and rose in 9 of the last 12 months.
30% of the median household income ($63,506) is $1,588 a month. That covers HUD's Fair Market Rent for up to a studio ($1,400); a 1-bedroom is $1,590.
18th cheapest of 30 ZIP codes in Indianapolis.
ZIP 46222, 3 miles away, rents for 17% less ($1,208/mo), about $3,000 a year in savings.
From Zillow's monthly rent index (ZORI) for ZIP 46202. 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 46202 (Indianapolis, IN) is majority renter-occupied, skews toward younger working-age adults, has a median income below the national average, 64.9% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How ZIP 46202 in Indianapolis, IN has changed in 5 years
Compared with 2021, rent in ZIP 46202 in Indianapolis, IN has increased by $348 per month, settling near $1,457 after starting the period at $1,109. On the earnings side, the typical household in ZIP 46202 in Indianapolis, IN now reports about $63,506, up from $54,972 in 2021. Rent outpaced income growth by roughly 15.9 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 21,039 to 20,180 between 2021 and 2024, a 4.1% change. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 60% to 64.9%. For context, the 2021 to 2026 window covers an unusually volatile run for US rents nationally, and ZIP 46202 in Indianapolis, IN reflects that arc in its own way.
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Tips for renters in ZIP 46202
Last updated: October 17, 2026
ZIP code 46202 covers Indianapolis, IN. The median rent here is $1,457/mo as of October 2026. A 1-bedroom rents for a median of $1,590/mo. A 2-bedroom rents for a median of $1,850/mo.
At 28% of local median household income ($63,506/yr), ZIP 46202 ranks as affordable compared to the national benchmark of 30%. Rents have increased 5.6% over the past year.
Frequently asked questions
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How does ZIP 46202 compare to the rest of Indianapolis?
At $1,457/mo, rent takes ~28% of ZIP 46202's median household income ($63,506/yr). The standard benchmark is 30%.
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