ZIP Code · IN

ZIP 46216

Part of Lawrence, IN

Pop. 2,767·Marion County·51st most expensive ZIP in Indiana

Median rent (all units)

$1,491/mo

Year-over-Year

+5.9%

Month-over-Month

-0.3%

vs US Median

-$441

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 46216 · $1,491

More affordable than 74% of US ZIP codes · National median $1,932/mo

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Compare your rent to the local median.

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: October 17, 2026

From the history

What the numbers show

Past year vs. the rest of Indiana

Rent in ZIP 46216 changed +5.9% over the year to September 2026. Across the 114 Indiana ZIP codes Zillow tracks, the typical change was +3.9%.

Recent direction

Rent rose in 8 of the last 12 months.

What a typical income covers

30% of the median household income ($53,161) is $1,329 a month. That covers HUD's Fair Market Rent for up to a studio ($1,250); a 1-bedroom is $1,420.

Cheaper nearby

ZIP 46256, 3 miles away, rents for 22% less ($1,168/mo), about $3,900 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 46216. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$17,892/yr

At $1,491/mo median

Location

CityLawrence

StateIN

CountyMarion County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (5.9% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+5.9% YoY, -0.3% 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: October 17, 2026

ZIP code 46216 covers Lawrence, IN. The median rent here is $1,491/mo as of October 2026. A 1-bedroom rents for a median of $1,420/mo. A 2-bedroom rents for a median of $1,650/mo.

At 34% of local median household income ($53,161/yr), ZIP 46216 ranks as moderate compared to the national benchmark of 30%. Rents have increased 5.9% over the past year.

FAQ

Frequently asked questions

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 $60,000/year (about $29/hour full-time) to afford the median rent of $1,491/mo in ZIP 46216. The local median household income is $53,161/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 46216?

Rent in ZIP 46216 has risen 5.9% over the past year.

How does ZIP 46216 compare to other ZIPs in Indiana?

ZIP 46216 is in the middle among Indiana ZIP codes for rent, ranking #51 of 139 at $1,491/mo. Over the year to September 2026, rent in ZIP 46216 changed +5.9%, against a typical +3.9% across the 114 Indiana ZIP codes Zillow tracks.