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ZIP Code · IN

ZIP 46218

Pop. 29,360·Marion County·94th most expensive ZIP in Indiana
Median rent (all units)
$1,226/mo
Year-over-Year
+14.6%
Month-over-Month
+1.7%
vs US Median
-$739
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 46218 · $1,226
More affordable than 90% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$960
1 BR
$1,080
2 BR
$1,260
3 BR
$1,630
4 BR+
$2,000
Research median
$1,260/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
$14,712/yr
At $1,226/mo median
Location
StateIN
CountyMarion County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 14.6% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+14.6% YoY, +1.7% MoM), not inventory.
Demographics

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.

Population
29,360
Median income
$38,063
Median age
34.5
Renters
47.2%
Age distribution
27.8%
22.7%
18.1%
12.9%
18.6%
Under 1827.8%
18–3422.7%
35–5418.1%
55–6412.9%
65+18.6%
Gender
43.1%
56.9%
Male43.1%
Female56.9%
Race & ethnicity
21.5%
65.6%
White21.5%
Black65.6%
Hispanic9.9%
Asian0.6%
Other2.5%
Education (25+)
16.9%
43.7%
27.6%
No HS diploma16.9%
HS diploma43.7%
Some college27.6%
Bachelor's+11.8%
Housing tenure
52.8%
47.2%
Owner52.8%
Renter47.2%

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

2021 vs 2026

How ZIP 46218 in Indianapolis, IN has changed in 5 years

Rent
$752 → $1,226
up 63.0%
Income
$28,758 → $38,063
up 32.4%
Population
29,254 → 29,360
up 0.4%
Renter share
54.1% → 47.2%
-6.9 pts
Bachelor's+
9.8% → 11.8%
+2.0 pts
Median age
38.7 → 34.5
-4.2 yrs

Across the past five years, the going rent in ZIP 46218 in Indianapolis, IN has shifted from $752 to $1,226, up 63.0% 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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Local insights

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About renting in ZIP 46218

Last updated: July 20, 2026

ZIP code 46218 covers Indianapolis, IN. The median rent here is $1,226/mo as of July 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 14.6% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 46218?

As of July 20, 2026, the median monthly rent in ZIP 46218 (Indianapolis, IN) is $1,226. This is based on aggregated data from public sources and community submissions.

How does ZIP 46218 rent compare to the US average?

ZIP 46218's median rent of $1,226/mo is $739 (38%) below the US national median of $1,965/mo.

How does ZIP 46218 compare to other ZIPs in Indiana?

ZIP 46218 falls in the middle range for Indiana, ranking #94 out of 144 ZIPs at $1,226/mo.

How much income do you need to rent in ZIP 46218?

To keep rent at or below 30% of gross income, you would need to earn at least $49,000/year (~$24/hour full-time) to afford the median rent of $1,226/mo in ZIP 46218. The local median household income is $38,063/yr, meaning the typical household falls short of that threshold.

Is rent going up or down in ZIP 46218?

Rent in ZIP 46218 has increased 14.6% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 46218 an affordable place to rent?

ZIP 46218 is considered moderate for renters. At $1,226/mo, rent takes approximately 39% of the local median household income ($38,063/yr). The standard benchmark is 30%. ZIP 46218 slightly exceeds that threshold, so budgeting carefully matters here.

What percentage of ZIP 46218 residents rent vs. own?

According to Census data, approximately 47.2% of ZIP 46218 households are renters, while 52.8% are owner-occupied. ZIP 46218 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 46218 compare to the rest of Indianapolis?

ZIP 46218 is more affordable than Indianapolis overall. At $1,226/mo, it's $185 below the Indianapolis citywide median of $1,411/mo.

When was rent data for ZIP 46218 last updated?

Rent data for ZIP 46218 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
39%
MODERATE

At $1,226/mo, rent takes ~39% of ZIP 46218's median household income ($38,063/yr). The standard benchmark is 30%.

ZIP 46218 39%Benchmark 30%
State income tax3.05%
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Schools nearby

Public schools near ZIP 46218 (Indianapolis, IN)

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