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ZIP Code · IN

ZIP 46216

Part of Lawrence, IN
Pop. 2,767·Marion County·48th most expensive ZIP in Indiana
Median rent (all units)
$1,541/mo
Year-over-Year
-3.1%
Month-over-Month
+2.2%
vs US Median
-$424
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 46216 · $1,541
More affordable than 71% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,250
1 BR
$1,420
2 BR
$1,650
3 BR
$2,140
4 BR+
$2,620
Research median
$1,650/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
$18,492/yr
At $1,541/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 (-3.1% YoY, +2.2% MoM), not inventory.
Demographics

Who lives here

ZIP 46216 (Lawrence, IN) is majority renter-occupied, has a large retiree population, has a median income below the national average, 47.2% of residents hold a bachelor's degree or higher.

Population
2,767
Median income
$53,161
Median age
39.2
Renters
69.3%
Age distribution
15.8%
28.8%
17.5%
27.8%
Under 1815.8%
18–3428.8%
35–5417.5%
55–6410.2%
65+27.8%
Gender
42.8%
57.2%
Male42.8%
Female57.2%
Race & ethnicity
41.8%
39%
White41.8%
Black39%
Hispanic9.1%
Asian3.4%
Other6.8%
Education (25+)
18.3%
25.9%
47.2%
No HS diploma8.6%
HS diploma18.3%
Some college25.9%
Bachelor's+47.2%
Housing tenure
30.7%
69.3%
Owner30.7%
Renter69.3%

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

2021 vs 2026

How ZIP 46216 in Lawrence, IN has changed in 5 years

Income
$46,905 → $53,161
up 13.3%
Population
2,206 → 2,767
up 25.4%
Renter share
73.6% → 69.3%
-4.3 pts
Bachelor's+
47.2% → 47.2%
+0.0 pts

Median household income rose from $46,905 to $53,161 between 2021 and 2024, a 13.3% shift. The population has grown by 25.4% since 2021, moving from about 2,206 residents to roughly 2,767. Renters now make up 69.3% of households, compared with 73.6% five years ago.

Community

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Local insights

Tips for renters in ZIP 46216

About renting in ZIP 46216

Last updated: July 20, 2026

ZIP code 46216 covers Lawrence, IN. The median rent here is $1,541/mo as of July 2026. A 1-bedroom rents for a median of $1,420/mo. A 2-bedroom rents for a median of $1,650/mo.

At 35% of local median household income ($53,161/yr), ZIP 46216 ranks as moderate compared to the national benchmark of 30%. Rents have decreased 3.1% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 46216?

As of July 20, 2026, the median monthly rent in ZIP 46216 (Lawrence, IN) is $1,541. This is based on aggregated data from public sources and community submissions.

How does ZIP 46216 rent compare to the US average?

ZIP 46216's median rent of $1,541/mo is $424 (22%) below the US national median of $1,965/mo.

How does ZIP 46216 compare to other ZIPs in Indiana?

ZIP 46216 is one of the pricier ZIP codes in Indiana, ranking #48 out of 144 ZIPs tracked at $1,541/mo.

How much income do you need to rent in ZIP 46216?

To keep rent at or below 30% of gross income, you would need to earn at least $62,000/year (~$30/hour full-time) to afford the median rent of $1,541/mo in ZIP 46216. The local median household income is $53,161/yr, meaning the typical household falls short of that threshold.

Is rent going up or down in ZIP 46216?

Rent in ZIP 46216 has decreased 3.1% over the past year as of July 20, 2026, offering some relief compared to 12 months ago.

Is ZIP 46216 an affordable place to rent?

ZIP 46216 is considered moderate for renters. At $1,541/mo, rent takes approximately 35% of the local median household income ($53,161/yr). The standard benchmark is 30%. ZIP 46216 slightly exceeds that threshold, so budgeting carefully matters here.

What percentage of ZIP 46216 residents rent vs. own?

According to Census data, approximately 69.3% of ZIP 46216 households are renters, while 30.7% are owner-occupied. With a majority renter population, ZIP 46216 has a strong rental market.

How does ZIP 46216 compare to the rest of Lawrence?

ZIP 46216 is more affordable than Lawrence overall. At $1,541/mo, it's $74 below the Lawrence citywide median of $1,615/mo.

When was rent data for ZIP 46216 last updated?

Rent data for ZIP 46216 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
35%
MODERATE

At $1,541/mo, rent takes ~35% of ZIP 46216's median household income ($53,161/yr). The standard benchmark is 30%.

ZIP 46216 35%Benchmark 30%
State income tax3.05%
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Schools nearby

Public schools near ZIP 46216 (Lawrence, IN)

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