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ZIP Code · IN

ZIP 46205

Pop. 28,259·Marion County·77th most expensive ZIP in Indiana
Median rent (all units)
$1,316/mo
Year-over-Year
+12.4%
Month-over-Month
-5.6%
vs US Median
-$649
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 46205 · $1,316
More affordable than 86% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,140
1 BR
$1,290
2 BR
$1,500
3 BR
$1,940
4 BR+
$2,380
Research median
$1,500/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
$15,792/yr
At $1,316/mo median
Location
StateIN
CountyMarion County
Rent Market Meter
Balanced Market
Renter's MarketBalancedLandlord's Market
Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.
Based on rent-price momentum (+12.4% YoY, -5.6% MoM), not inventory.
Demographics

Who lives here

ZIP 46205 (Indianapolis, IN) is roughly split between renters and owners, 53.3% of residents hold a bachelor's degree or higher.

Population
28,259
Median income
$72,417
Median age
34.1
Renters
46.3%
Age distribution
23.9%
28.2%
26.4%
Under 1823.9%
18–3428.2%
35–5426.4%
55–6410.1%
65+11.3%
Gender
50.6%
49.4%
Male50.6%
Female49.4%
Race & ethnicity
55.8%
28.2%
White55.8%
Black28.2%
Hispanic7.4%
Asian2.3%
Other6.2%
Education (25+)
18.3%
21.9%
53.3%
No HS diploma6.5%
HS diploma18.3%
Some college21.9%
Bachelor's+53.3%
Housing tenure
53.7%
46.3%
Owner53.7%
Renter46.3%

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

2021 vs 2026

How ZIP 46205 in Indianapolis, IN has changed in 5 years

Rent
$980 → $1,316
up 34.3%
Income
$56,563 → $72,417
up 28.0%
Population
28,000 → 28,259
up 0.9%
Renter share
47.9% → 46.3%
-1.6 pts
Bachelor's+
47.8% → 53.3%
+5.5 pts
Median age
32.4 → 34.1
+1.7 yrs

Rent in ZIP 46205 in Indianapolis, IN has increased 34.3% since 2021, going from about $980 per month to roughly $1,316 today. Household income in the area moved from $56,563 to $72,417 across the same window, up 28.0% versus 2021. Rent outpaced income growth by roughly 6.3 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. About 46.3% of households rent today, against 47.9% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 47.8% to 53.3%. Reading these numbers side by side helps frame whether current listings in ZIP 46205 in Indianapolis, IN look reasonable against where the market sat half a decade ago.

Community

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Local insights

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About renting in ZIP 46205

Last updated: July 20, 2026

ZIP code 46205 covers Indianapolis, IN. The median rent here is $1,316/mo as of July 2026. A 1-bedroom rents for a median of $1,290/mo. A 2-bedroom rents for a median of $1,500/mo.

At 22% of local median household income ($72,417/yr), ZIP 46205 ranks as affordable compared to the national benchmark of 30%. Rents have increased 12.4% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 46205?

As of July 20, 2026, the median monthly rent in ZIP 46205 (Indianapolis, IN) is $1,316. This is based on aggregated data from public sources and community submissions.

How does ZIP 46205 rent compare to the US average?

ZIP 46205's median rent of $1,316/mo is $649 (33%) below the US national median of $1,965/mo.

How does ZIP 46205 compare to other ZIPs in Indiana?

ZIP 46205 falls in the middle range for Indiana, ranking #77 out of 144 ZIPs at $1,316/mo.

How much income do you need to rent in ZIP 46205?

To keep rent at or below 30% of gross income, you would need to earn at least $53,000/year (~$25/hour full-time) to afford the median rent of $1,316/mo in ZIP 46205. The local median household income is $72,417/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 46205?

Rent in ZIP 46205 has increased 12.4% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 46205 an affordable place to rent?

ZIP 46205 is considered very affordable for renters. At $1,316/mo, rent takes approximately 22% of the local median household income ($72,417/yr). The standard benchmark is 30%. ZIP 46205 falls comfortably within that range.

What percentage of ZIP 46205 residents rent vs. own?

According to Census data, approximately 46.3% of ZIP 46205 households are renters, while 53.7% are owner-occupied. ZIP 46205 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 46205 compare to the rest of Indianapolis?

ZIP 46205 is more affordable than Indianapolis overall. At $1,316/mo, it's $95 below the Indianapolis citywide median of $1,411/mo.

When was rent data for ZIP 46205 last updated?

Rent data for ZIP 46205 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
22%
VERY AFFORDABLE

At $1,316/mo, rent takes ~22% of ZIP 46205's median household income ($72,417/yr). The standard benchmark is 30%.

ZIP 46205 22%Benchmark 30%
State income tax3.05%
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Schools nearby

Public schools near ZIP 46205 (Indianapolis, IN)

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