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ZIP Code · IN

ZIP 46217

Pop. 36,917·Marion County·56th most expensive ZIP in Indiana
Median rent (all units)
$1,503/mo
Year-over-Year
-6.3%
Month-over-Month
-2.2%
vs US Median
-$462
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 46217 · $1,503
More affordable than 73% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,310
1 BR
$1,490
2 BR
$1,730
3 BR
$2,240
4 BR+
$2,750
Research median
$1,730/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
$18,036/yr
At $1,503/mo median
Location
StateIN
CountyMarion County
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 6.3% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (-6.3% YoY, -2.2% MoM), not inventory.
Demographics

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.

Population
36,917
Median income
$92,029
Median age
36.7
Renters
18.5%
Age distribution
27.6%
19.1%
31%
12.4%
Under 1827.6%
18–3419.1%
35–5431%
55–649.9%
65+12.4%
Gender
50.2%
49.8%
Male50.2%
Female49.8%
Race & ethnicity
58.4%
19.2%
White58.4%
Black11%
Hispanic8.6%
Asian19.2%
Other2.8%
Education (25+)
25.8%
29.6%
33.2%
No HS diploma11.5%
HS diploma25.8%
Some college29.6%
Bachelor's+33.2%
Housing tenure
81.5%
18.5%
Owner81.5%
Renter18.5%

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

2021 vs 2026

How ZIP 46217 in Indianapolis, IN has changed in 5 years

Income
$75,602 → $92,029
up 21.7%
Population
39,000 → 36,917
down 5.3%
Renter share
23.8% → 18.5%
-5.3 pts
Bachelor's+
33.2% → 33.2%
+0.0 pts
Median age
35.5 → 36.7
+1.2 yrs

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.

Community

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Local insights

Tips for renters in ZIP 46217

About renting in ZIP 46217

Last updated: July 20, 2026

ZIP code 46217 covers Indianapolis, IN. The median rent here is $1,503/mo as of July 2026. A 1-bedroom rents for a median of $1,490/mo. A 2-bedroom rents for a median of $1,730/mo.

At 20% of local median household income ($92,029/yr), ZIP 46217 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 6.3% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 46217?

As of July 20, 2026, the median monthly rent in ZIP 46217 (Indianapolis, IN) is $1,503. This is based on aggregated data from public sources and community submissions.

How does ZIP 46217 rent compare to the US average?

ZIP 46217's median rent of $1,503/mo is $462 (24%) below the US national median of $1,965/mo.

How does ZIP 46217 compare to other ZIPs in Indiana?

ZIP 46217 falls in the middle range for Indiana, ranking #56 out of 144 ZIPs at $1,503/mo.

How much income do you need to rent in ZIP 46217?

To keep rent at or below 30% of gross income, you would need to earn at least $60,000/year (~$29/hour full-time) to afford the median rent of $1,503/mo in ZIP 46217. The local median household income is $92,029/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 46217?

Rent in ZIP 46217 has decreased 6.3% over the past year as of July 20, 2026, offering some relief compared to 12 months ago.

Is ZIP 46217 an affordable place to rent?

ZIP 46217 is considered very affordable for renters. At $1,503/mo, rent takes approximately 20% of the local median household income ($92,029/yr). The standard benchmark is 30%. ZIP 46217 falls comfortably within that range.

What percentage of ZIP 46217 residents rent vs. own?

According to Census data, approximately 18.5% of ZIP 46217 households are renters, while 81.5% are owner-occupied. ZIP 46217 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 46217 compare to the rest of Indianapolis?

ZIP 46217 is pricier than Indianapolis as a whole. At $1,503/mo, it's $92 above the Indianapolis citywide median of $1,411/mo.

When was rent data for ZIP 46217 last updated?

Rent data for ZIP 46217 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
20%
VERY AFFORDABLE

At $1,503/mo, rent takes ~20% of ZIP 46217's median household income ($92,029/yr). The standard benchmark is 30%.

ZIP 46217 20%Benchmark 30%
State income tax3.05%
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Schools nearby

Public schools near ZIP 46217 (Indianapolis, IN)

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