ZIP 46208
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Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).
12-month history
Last updated: October 17, 2026
What the numbers show
January. Asking rents in ZIP 46208 usually run 0.5% below trend in January and 0.5% above it in September, about $14 a month apart at today's median. Based on 10 years of data.
Rent in ZIP 46208 is 0.6% below its high of $1,371 in August 2026, at $1,363 as of September 2026.
Rent in ZIP 46208 changed +3.7% 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 46208 rose 55.8% while median household income rose 70.9% ($35,148 to $60,062). Income kept ahead of rent.
Rent in ZIP 46208 is 68.3% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent rose in 9 of the last 12 months.
30% of the median household income ($60,062) is $1,502 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,350); a 3-bedroom is $1,750.
13th cheapest of 30 ZIP codes in Indianapolis.
ZIP 46222, 3 miles away, rents for 11% less ($1,208/mo), about $1,900 a year in savings.
From Zillow's monthly rent index (ZORI) for ZIP 46208. 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 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.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How ZIP 46208 in Indianapolis, IN has changed in 5 years
Five years ago, renters in ZIP 46208 in Indianapolis, IN paid around $941 a month. That figure now sits near $1,363, up 44.8% from the 2021 baseline. Census figures show median household income at $60,062 today, compared with $41,076 five years earlier. 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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Tips for renters in ZIP 46208
Last updated: October 17, 2026
ZIP code 46208 covers Indianapolis, IN. The median rent here is $1,363/mo as of October 2026. A 1-bedroom rents for a median of $1,160/mo. A 2-bedroom rents for a median of $1,350/mo.
At 27% of local median household income ($60,062/yr), ZIP 46208 ranks as affordable compared to the national benchmark of 30%. Rents have increased 3.6% over the past year.
Frequently asked questions
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How does ZIP 46208 compare to the rest of Indianapolis?
At $1,363/mo, rent takes ~27% of ZIP 46208's median household income ($60,062/yr). The standard benchmark is 30%.
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