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ZIP Code · IN

ZIP 46220

Pop. 36,952·Marion County·43rd most expensive ZIP in Indiana
Median rent (all units)
$1,569/mo
Year-over-Year
+2.8%
Month-over-Month
-0.3%
vs US Median
-$396
Stable (Monthly)
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Most AffordableMost Expensive
ZIP 46220 · $1,569
More affordable than 69% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,280
1 BR
$1,450
2 BR
$1,690
3 BR
$2,190
4 BR+
$2,680
Research median
$1,690/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
$18,828/yr
At $1,569/mo median
Location
StateIN
CountyMarion County
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (2.8% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+2.8% YoY, -0.3% MoM), not inventory.
Demographics

Who lives here

ZIP 46220 (Indianapolis, IN) is majority owner-occupied, has a median income above the national average, 68.1% of residents hold a bachelor's degree or higher.

Population
36,952
Median income
$108,050
Median age
35.3
Renters
33.3%
Age distribution
21.7%
27.6%
25.3%
14.6%
Under 1821.7%
18–3427.6%
35–5425.3%
55–6410.8%
65+14.6%
Gender
48.4%
51.6%
Male48.4%
Female51.6%
Race & ethnicity
76.1%
12.1%
White76.1%
Black12.1%
Hispanic3.9%
Asian2.2%
Other5.7%
Education (25+)
12.2%
17.6%
68.1%
No HS diploma2.1%
HS diploma12.2%
Some college17.6%
Bachelor's+68.1%
Housing tenure
66.7%
33.3%
Owner66.7%
Renter33.3%

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

2021 vs 2026

How ZIP 46220 in Indianapolis, IN has changed in 5 years

Rent
$1,204 → $1,569
up 30.3%
Income
$85,942 → $108,050
up 25.7%
Population
36,760 → 36,952
up 0.5%
Renter share
36.9% → 33.3%
-3.6 pts
Bachelor's+
64.9% → 68.1%
+3.2 pts

Compared with 2021, rent in ZIP 46220 in Indianapolis, IN has increased by $365 per month, settling near $1,569 after starting the period at $1,204. Median household income grew from $85,942 to $108,050 between 2021 and 2024, a 25.7% shift. Rent outpaced income growth by roughly 4.6 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. About 33.3% of households rent today, against 36.9% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 64.9% to 68.1%. Taken together, the five-year picture in ZIP 46220 in Indianapolis, IN reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.

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Local insights

Tips for renters in ZIP 46220

About renting in ZIP 46220

Last updated: July 20, 2026

ZIP code 46220 covers Indianapolis, IN. The median rent here is $1,569/mo as of July 2026. A 1-bedroom rents for a median of $1,450/mo. A 2-bedroom rents for a median of $1,690/mo.

At 17% of local median household income ($108,050/yr), ZIP 46220 ranks as affordable compared to the national benchmark of 30%. Rents have increased 2.8% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 46220?

As of July 20, 2026, the median monthly rent in ZIP 46220 (Indianapolis, IN) is $1,569. This is based on aggregated data from public sources and community submissions.

How does ZIP 46220 rent compare to the US average?

ZIP 46220's median rent of $1,569/mo is $396 (20%) below the US national median of $1,965/mo.

How does ZIP 46220 compare to other ZIPs in Indiana?

ZIP 46220 is one of the pricier ZIP codes in Indiana, ranking #43 out of 144 ZIPs tracked at $1,569/mo.

How much income do you need to rent in ZIP 46220?

To keep rent at or below 30% of gross income, you would need to earn at least $63,000/year (~$30/hour full-time) to afford the median rent of $1,569/mo in ZIP 46220. The local median household income is $108,050/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 46220?

Rent in ZIP 46220 has increased 2.8% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 46220 an affordable place to rent?

ZIP 46220 is considered very affordable for renters. At $1,569/mo, rent takes approximately 17% of the local median household income ($108,050/yr). The standard benchmark is 30%. ZIP 46220 falls comfortably within that range.

What percentage of ZIP 46220 residents rent vs. own?

According to Census data, approximately 33.3% of ZIP 46220 households are renters, while 66.7% are owner-occupied. ZIP 46220 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 46220 compare to the rest of Indianapolis?

ZIP 46220 is pricier than Indianapolis as a whole. At $1,569/mo, it's $158 above the Indianapolis citywide median of $1,411/mo.

When was rent data for ZIP 46220 last updated?

Rent data for ZIP 46220 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
17%
VERY AFFORDABLE

At $1,569/mo, rent takes ~17% of ZIP 46220's median household income ($108,050/yr). The standard benchmark is 30%.

ZIP 46220 17%Benchmark 30%
State income tax3.05%
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Schools nearby

Public schools near ZIP 46220 (Indianapolis, IN)

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