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ZIP Code · IN

ZIP 46226

Pop. 47,099·Marion County·101st most expensive ZIP in Indiana
Median rent (all units)
$1,209/mo
Year-over-Year
+13.3%
Month-over-Month
+4.5%
vs US Median
-$756
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 46226 · $1,209
More affordable than 91% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,020
1 BR
$1,150
2 BR
$1,340
3 BR
$1,740
4 BR+
$2,130
Research median
$1,340/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
$14,508/yr
At $1,209/mo median
Location
StateIN
CountyMarion County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 13.3% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+13.3% YoY, +4.5% MoM), not inventory.
Demographics

Who lives here

ZIP 46226 (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, 24.3% of residents hold a bachelor's degree or higher.

Population
47,099
Median income
$50,325
Median age
32.9
Renters
53.8%
Age distribution
27.4%
26%
24.3%
Under 1827.4%
18–3426%
35–5424.3%
55–6410.4%
65+12%
Gender
46.9%
53.1%
Male46.9%
Female53.1%
Race & ethnicity
26%
54.2%
17.6%
White26%
Black54.2%
Hispanic17.6%
Asian1.7%
Other0.5%
Education (25+)
17%
31.8%
27%
24.3%
No HS diploma17%
HS diploma31.8%
Some college27%
Bachelor's+24.3%
Housing tenure
46.2%
53.8%
Owner46.2%
Renter53.8%

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

2021 vs 2026

How ZIP 46226 in Indianapolis, IN has changed in 5 years

Rent
$782 → $1,209
up 54.6%
Income
$37,798 → $50,325
up 33.1%
Population
44,764 → 47,099
up 5.2%
Renter share
57% → 53.8%
-3.2 pts
Bachelor's+
22.2% → 24.3%
+2.1 pts
Median age
33.8 → 32.9
-0.9 yrs

Five years ago, renters in ZIP 46226 in Indianapolis, IN paid around $782 a month. That figure now sits near $1,209, up 54.6% from the 2021 baseline. Local incomes tracked alongside that move, going from a median of $37,798 in 2021 to $50,325 more recently. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. Census counts show ZIP 46226 in Indianapolis, IN adding about 2,335 residents over the five-year window, up 5.2% on net. The renter share has eased from 57% to 53.8%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 22.2% to 24.3% across the same window. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the ZIP 46226 in Indianapolis, IN market of 2021.

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Local insights

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About renting in ZIP 46226

Last updated: July 20, 2026

ZIP code 46226 covers Indianapolis, IN. The median rent here is $1,209/mo as of July 2026. A 1-bedroom rents for a median of $1,150/mo. A 2-bedroom rents for a median of $1,340/mo.

At 29% of local median household income ($50,325/yr), ZIP 46226 ranks as affordable compared to the national benchmark of 30%. Rents have increased 13.3% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 46226?

As of July 20, 2026, the median monthly rent in ZIP 46226 (Indianapolis, IN) is $1,209. This is based on aggregated data from public sources and community submissions.

How does ZIP 46226 rent compare to the US average?

ZIP 46226's median rent of $1,209/mo is $756 (38%) below the US national median of $1,965/mo.

How does ZIP 46226 compare to other ZIPs in Indiana?

ZIP 46226 is among the more affordable ZIP codes in Indiana, ranking #101 out of 144 ZIPs at $1,209/mo.

How much income do you need to rent in ZIP 46226?

To keep rent at or below 30% of gross income, you would need to earn at least $48,000/year (~$23/hour full-time) to afford the median rent of $1,209/mo in ZIP 46226. The local median household income is $50,325/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 46226?

Rent in ZIP 46226 has increased 13.3% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 46226 an affordable place to rent?

ZIP 46226 is considered affordable for renters. At $1,209/mo, rent takes approximately 29% of the local median household income ($50,325/yr). The standard benchmark is 30%. ZIP 46226 falls comfortably within that range.

What percentage of ZIP 46226 residents rent vs. own?

According to Census data, approximately 53.8% of ZIP 46226 households are renters, while 46.2% are owner-occupied. With a majority renter population, ZIP 46226 has a strong rental market.

How does ZIP 46226 compare to the rest of Indianapolis?

ZIP 46226 is more affordable than Indianapolis overall. At $1,209/mo, it's $202 below the Indianapolis citywide median of $1,411/mo.

When was rent data for ZIP 46226 last updated?

Rent data for ZIP 46226 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
29%
AFFORDABLE

At $1,209/mo, rent takes ~29% of ZIP 46226's median household income ($50,325/yr). The standard benchmark is 30%.

ZIP 46226 29%Benchmark 30%
State income tax3.05%
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Schools nearby

Public schools near ZIP 46226 (Indianapolis, IN)

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