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ZIP Code · IN

ZIP 46202

Pop. 20,180·Marion County·51st most expensive ZIP in Indiana
Median rent (all units)
$1,527/mo
Year-over-Year
+8.2%
Month-over-Month
+2.5%
vs US Median
-$438
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 46202 · $1,527
More affordable than 72% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,400
1 BR
$1,590
2 BR
$1,850
3 BR
$2,400
4 BR+
$2,940
Research median
$1,850/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
$18,324/yr
At $1,527/mo median
Location
StateIN
CountyMarion County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 8.2% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+8.2% YoY, +2.5% MoM), not inventory.
Demographics

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.

Population
20,180
Median income
$63,506
Median age
28.9
Renters
70.6%
Age distribution
55%
18.6%
Under 188.8%
18–3455%
35–5418.6%
55–647.5%
65+10%
Gender
51.2%
48.8%
Male51.2%
Female48.8%
Race & ethnicity
65%
18.6%
White65%
Black18.6%
Hispanic7.6%
Asian5.6%
Other3.2%
Education (25+)
13.8%
14.1%
64.9%
No HS diploma7.2%
HS diploma13.8%
Some college14.1%
Bachelor's+64.9%
Housing tenure
29.4%
70.6%
Owner29.4%
Renter70.6%

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

2021 vs 2026

How ZIP 46202 in Indianapolis, IN has changed in 5 years

Rent
$1,171 → $1,527
up 30.4%
Income
$54,972 → $63,506
up 15.5%
Population
21,039 → 20,180
down 4.1%
Renter share
70.9% → 70.6%
-0.3 pts
Bachelor's+
60% → 64.9%
+4.9 pts
Median age
29.6 → 28.9
-0.7 yrs

Compared with 2021, rent in ZIP 46202 in Indianapolis, IN has increased by $356 per month, settling near $1,527 after starting the period at $1,171. 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 14.9 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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Local insights

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About renting in ZIP 46202

Last updated: July 20, 2026

ZIP code 46202 covers Indianapolis, IN. The median rent here is $1,527/mo as of July 2026. A 1-bedroom rents for a median of $1,590/mo. A 2-bedroom rents for a median of $1,850/mo.

At 29% of local median household income ($63,506/yr), ZIP 46202 ranks as affordable compared to the national benchmark of 30%. Rents have increased 8.2% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 46202?

As of July 20, 2026, the median monthly rent in ZIP 46202 (Indianapolis, IN) is $1,527. This is based on aggregated data from public sources and community submissions.

How does ZIP 46202 rent compare to the US average?

ZIP 46202's median rent of $1,527/mo is $438 (22%) below the US national median of $1,965/mo.

How does ZIP 46202 compare to other ZIPs in Indiana?

ZIP 46202 falls in the middle range for Indiana, ranking #51 out of 144 ZIPs at $1,527/mo.

How much income do you need to rent in ZIP 46202?

To keep rent at or below 30% of gross income, you would need to earn at least $61,000/year (~$29/hour full-time) to afford the median rent of $1,527/mo in ZIP 46202. The local median household income is $63,506/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 46202?

Rent in ZIP 46202 has increased 8.2% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 46202 an affordable place to rent?

ZIP 46202 is considered affordable for renters. At $1,527/mo, rent takes approximately 29% of the local median household income ($63,506/yr). The standard benchmark is 30%. ZIP 46202 falls comfortably within that range.

What percentage of ZIP 46202 residents rent vs. own?

According to Census data, approximately 70.6% of ZIP 46202 households are renters, while 29.4% are owner-occupied. With a majority renter population, ZIP 46202 has a strong rental market.

How does ZIP 46202 compare to the rest of Indianapolis?

ZIP 46202 is pricier than Indianapolis as a whole. At $1,527/mo, it's $116 above the Indianapolis citywide median of $1,411/mo.

When was rent data for ZIP 46202 last updated?

Rent data for ZIP 46202 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
29%
AFFORDABLE

At $1,527/mo, rent takes ~29% of ZIP 46202's median household income ($63,506/yr). The standard benchmark is 30%.

ZIP 46202 29%Benchmark 30%
State income tax3.05%
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Schools nearby

Public schools near ZIP 46202 (Indianapolis, IN)

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