ZIP 46217
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12-month history
Last updated: October 17, 2026
What the numbers show
Rent in ZIP 46217 is 0.9% below its high of $1,627 in December 2024, at $1,613 as of September 2026.
Rent in ZIP 46217 changed +0.1% over the year to September 2026. Across the 114 Indiana ZIP codes Zillow tracks, the typical change was +3.9%.
Rent rose in 6 of the last 12 months.
30% of the median household income ($92,029) is $2,301 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($2,240); a 4-bedroom is $2,750.
23rd cheapest of 30 ZIP codes in Indianapolis.
ZIP 46221, 3 miles away, rents for 14% less ($1,389/mo), about $2,700 a year in savings.
From Zillow's monthly rent index (ZORI) for ZIP 46217. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
Who lives here
ZIP 46217 (Indianapolis, IN) is majority owner-occupied, has a large share of families with children, has a median income above the national average, 33.2% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How ZIP 46217 in Indianapolis, IN has changed in 5 years
Since 2022, the typical rent in ZIP 46217 in Indianapolis, IN has climbed from $1,324 to $1,613, a 21.8% change over five years. Local incomes tracked alongside that move, going from a median of $75,602 in 2021 to $92,029 more recently. The population has contracted by 5.3% since 2021, moving from about 39,000 residents to roughly 36,917. Renters now make up 18.5% of households, compared with 23.8% five years ago. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the ZIP 46217 in Indianapolis, IN market of 2022.
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Tips for renters in ZIP 46217
Last updated: October 17, 2026
ZIP code 46217 covers Indianapolis, IN. The median rent here is $1,613/mo as of October 2026. A 1-bedroom rents for a median of $1,490/mo. A 2-bedroom rents for a median of $1,730/mo.
At 21% of local median household income ($92,029/yr), ZIP 46217 ranks as affordable compared to the national benchmark of 30%. Rents have increased 0.1% over the past year.
Frequently asked questions
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How does ZIP 46217 compare to other ZIPs in Indiana?
How does ZIP 46217 compare to the rest of Indianapolis?
At $1,613/mo, rent takes ~21% of ZIP 46217's median household income ($92,029/yr). The standard benchmark is 30%.
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