ZIP 46218
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12-month history
Last updated: October 17, 2026
What the numbers show
January. Asking rents in ZIP 46218 usually run 1.1% below trend in January and 0.8% above it in September, about $23 a month apart at today's median. Based on 10 years of data.
Rent in ZIP 46218 is 0% below its high of $1,233 in August 2026, at $1,233 as of September 2026.
Rent in ZIP 46218 changed +3.8% 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 46218 rose 56.2% while median household income rose 55.3% ($24,517 to $38,063). Rent outpaced income.
Rent in ZIP 46218 is 70.8% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
30% of the median household income ($38,063) is $952 a month. That is less than HUD's Fair Market Rent for a studio ($960).
9th cheapest of 30 ZIP codes in Indianapolis.
ZIP 46219, 3 miles away, rents for 15% less ($1,053/mo), about $2,200 a year in savings.
From Zillow's monthly rent index (ZORI) for ZIP 46218. 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 46218 (Indianapolis, IN) is roughly split between renters and owners, has a large share of families with children, has a median income below the national average, 11.8% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How ZIP 46218 in Indianapolis, IN has changed in 5 years
Across the past five years, the going rent in ZIP 46218 in Indianapolis, IN has shifted from $789 to $1,233, up 56.3% since 2021. Household income in the area moved from $28,758 to $38,063 across the same window, up 32.4% versus 2021. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. The renter share has eased from 54.1% to 47.2%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 9.8% to 11.8% across the same window. Reading these numbers side by side helps frame whether current listings in ZIP 46218 in Indianapolis, IN look reasonable against where the market sat half a decade ago.
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Tips for renters in ZIP 46218
Last updated: October 17, 2026
ZIP code 46218 covers Indianapolis, IN. The median rent here is $1,233/mo as of October 2026. A 1-bedroom rents for a median of $1,080/mo. A 2-bedroom rents for a median of $1,260/mo.
At 39% of local median household income ($38,063/yr), ZIP 46218 ranks as moderate compared to the national benchmark of 30%. Rents have increased 3.8% over the past year.
Frequently asked questions
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How does ZIP 46218 compare to other ZIPs in Indiana?
How does ZIP 46218 compare to the rest of Indianapolis?
At $1,233/mo, rent takes ~39% of ZIP 46218's median household income ($38,063/yr). The standard benchmark is 30%.
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