ZIP 46226
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Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).
12-month history
Last updated: October 17, 2026
What the numbers show
December. Asking rents in ZIP 46226 usually run 0.7% below trend in December and 0.8% above it in July, about $18 a month apart at today's median. Based on 11 years of data.
Rent in ZIP 46226 is at its highest level since Zillow's records here began in January 2015.
Rent in ZIP 46226 changed +9.1% 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 46226 rose 48% while median household income rose 38.7% ($36,285 to $50,325). Rent outpaced income.
Rent in ZIP 46226 is 64.6% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent has risen 4 months in a row, and rose in 9 of the last 12 months.
30% of the median household income ($50,325) is $1,258 a month. That covers HUD's Fair Market Rent for up to a 1-bedroom ($1,150); a 2-bedroom is $1,340.
3rd cheapest of 30 ZIP codes in Indianapolis.
ZIP 46219, 4 miles away, rents for 12% less ($1,053/mo), about $1,700 a year in savings.
From Zillow's monthly rent index (ZORI) for ZIP 46226. 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 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.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How ZIP 46226 in Indianapolis, IN has changed in 5 years
Five years ago, renters in ZIP 46226 in Indianapolis, IN paid around $790 a month. That figure now sits near $1,197, up 51.5% 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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Tips for renters in ZIP 46226
Last updated: October 17, 2026
ZIP code 46226 covers Indianapolis, IN. The median rent here is $1,197/mo as of October 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 9.1% over the past year.
Frequently asked questions
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How does ZIP 46226 compare to other ZIPs in Indiana?
How does ZIP 46226 compare to the rest of Indianapolis?
At $1,197/mo, rent takes ~29% of ZIP 46226's median household income ($50,325/yr). The standard benchmark is 30%.
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