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ZIP Code · IN

ZIP 46208

Pop. 22,379·Marion County·93rd most expensive ZIP in Indiana
Median rent (all units)
$1,234/mo
Year-over-Year
-9.9%
Month-over-Month
-2.6%
vs US Median
-$731
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 46208 · $1,234
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
$1,020
1 BR
$1,160
2 BR
$1,350
3 BR
$1,750
4 BR+
$2,140
Research median
$1,350/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
$14,808/yr
At $1,234/mo median
Location
StateIN
CountyMarion County
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 9.9% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (-9.9% YoY, -2.6% MoM), not inventory.
Demographics

Who lives here

ZIP 46208 (Indianapolis, IN) is majority owner-occupied, skews toward younger working-age adults, has a median income below the national average, 43% of residents hold a bachelor's degree or higher.

Population
22,379
Median income
$60,062
Median age
31.9
Renters
44.1%
Age distribution
21.1%
32.8%
21%
13.2%
Under 1821.1%
18–3432.8%
35–5421%
55–6411.9%
65+13.2%
Gender
47.1%
52.9%
Male47.1%
Female52.9%
Race & ethnicity
49.7%
34.6%
White49.7%
Black34.6%
Hispanic7.9%
Asian2.1%
Other5.7%
Education (25+)
21.9%
28.2%
43%
No HS diploma6.9%
HS diploma21.9%
Some college28.2%
Bachelor's+43%
Housing tenure
55.9%
44.1%
Owner55.9%
Renter44.1%

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

2021 vs 2026

How ZIP 46208 in Indianapolis, IN has changed in 5 years

Rent
$977 → $1,234
up 26.3%
Income
$41,076 → $60,062
up 46.2%
Population
21,908 → 22,379
up 2.1%
Renter share
49.2% → 44.1%
-5.1 pts
Bachelor's+
35% → 43%
+8.0 pts

Five years ago, renters in ZIP 46208 in Indianapolis, IN paid around $977 a month. That figure now sits near $1,234, up 26.3% from the 2021 baseline. Census figures show median household income at $60,062 today, compared with $41,076 five years earlier. With wages climbing faster than rent over the same window, renters here have a bit more breathing room than they did five years back. Census counts show ZIP 46208 in Indianapolis, IN adding about 471 residents over the five-year window, up 2.1% on net. The renter share has eased from 49.2% to 44.1%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 35% to 43% across the same window. The combined trend lines point to a market that has changed measurably from where it stood in early 2021.

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Local insights

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About renting in ZIP 46208

Last updated: July 20, 2026

ZIP code 46208 covers Indianapolis, IN. The median rent here is $1,234/mo as of July 2026. A 1-bedroom rents for a median of $1,160/mo. A 2-bedroom rents for a median of $1,350/mo.

At 25% of local median household income ($60,062/yr), ZIP 46208 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 9.9% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 46208?

As of July 20, 2026, the median monthly rent in ZIP 46208 (Indianapolis, IN) is $1,234. This is based on aggregated data from public sources and community submissions.

How does ZIP 46208 rent compare to the US average?

ZIP 46208's median rent of $1,234/mo is $731 (37%) below the US national median of $1,965/mo.

How does ZIP 46208 compare to other ZIPs in Indiana?

ZIP 46208 falls in the middle range for Indiana, ranking #93 out of 144 ZIPs at $1,234/mo.

How much income do you need to rent in ZIP 46208?

To keep rent at or below 30% of gross income, you would need to earn at least $49,000/year (~$24/hour full-time) to afford the median rent of $1,234/mo in ZIP 46208. The local median household income is $60,062/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 46208?

Rent in ZIP 46208 has decreased 9.9% over the past year as of July 20, 2026, offering some relief compared to 12 months ago.

Is ZIP 46208 an affordable place to rent?

ZIP 46208 is considered affordable for renters. At $1,234/mo, rent takes approximately 25% of the local median household income ($60,062/yr). The standard benchmark is 30%. ZIP 46208 falls comfortably within that range.

What percentage of ZIP 46208 residents rent vs. own?

According to Census data, approximately 44.1% of ZIP 46208 households are renters, while 55.9% are owner-occupied. ZIP 46208 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 46208 compare to the rest of Indianapolis?

ZIP 46208 is more affordable than Indianapolis overall. At $1,234/mo, it's $177 below the Indianapolis citywide median of $1,411/mo.

When was rent data for ZIP 46208 last updated?

Rent data for ZIP 46208 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
25%
AFFORDABLE

At $1,234/mo, rent takes ~25% of ZIP 46208's median household income ($60,062/yr). The standard benchmark is 30%.

ZIP 46208 25%Benchmark 30%
State income tax3.05%
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Schools nearby

Public schools near ZIP 46208 (Indianapolis, IN)

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