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ZIP Code · IN

ZIP 46229

Pop. 28,457·Marion County·34th most expensive ZIP in Indiana
Median rent (all units)
$1,712/mo
Year-over-Year
+8.8%
Month-over-Month
+7.7%
vs US Median
-$253
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 46229 · $1,712
More affordable than 58% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$990
1 BR
$1,120
2 BR
$1,300
3 BR
$1,680
4 BR+
$2,060
Research median
$1,300/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
$20,544/yr
At $1,712/mo median
Location
StateIN
CountyMarion County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 8.8% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+8.8% YoY, +7.7% MoM), not inventory.
Demographics

Who lives here

ZIP 46229 (Indianapolis, IN) is majority owner-occupied, has a median income below the national average, 24% of residents hold a bachelor's degree or higher.

Population
28,457
Median income
$61,388
Median age
36.6
Renters
38.4%
Age distribution
25%
23%
25.4%
14.7%
Under 1825%
18–3423%
35–5425.4%
55–6411.8%
65+14.7%
Gender
47.4%
52.6%
Male47.4%
Female52.6%
Race & ethnicity
34.8%
46.1%
12.9%
White34.8%
Black46.1%
Hispanic12.9%
Asian1.5%
Other4.6%
Education (25+)
32.8%
31.6%
24%
No HS diploma11.5%
HS diploma32.8%
Some college31.6%
Bachelor's+24%
Housing tenure
61.6%
38.4%
Owner61.6%
Renter38.4%

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

2021 vs 2026

How ZIP 46229 in Indianapolis, IN has changed in 5 years

Rent
$1,153 → $1,712
up 48.5%
Income
$60,435 → $61,388
up 1.6%
Population
28,062 → 28,457
up 1.4%
Renter share
38.5% → 38.4%
-0.1 pts
Bachelor's+
27% → 24%
-3.0 pts

Across the past five years, the going rent in ZIP 46229 in Indianapolis, IN has shifted from $1,153 to $1,712, up 48.5% since 2021. Median household income climbed from $60,435 to $61,388 between 2021 and 2024, a 1.6% shift. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. Census counts show ZIP 46229 in Indianapolis, IN adding about 395 residents over the five-year window, up 1.4% on net. Bachelor's-degree-or-higher attainment moved from 27% to 24% across the same window. Taken together, the five-year picture in ZIP 46229 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 46229

About renting in ZIP 46229

Last updated: July 20, 2026

ZIP code 46229 covers Indianapolis, IN. The median rent here is $1,712/mo as of July 2026. A 1-bedroom rents for a median of $1,120/mo. A 2-bedroom rents for a median of $1,300/mo.

At 33% of local median household income ($61,388/yr), ZIP 46229 ranks as moderate compared to the national benchmark of 30%. Rents have increased 8.8% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 46229?

As of July 20, 2026, the median monthly rent in ZIP 46229 (Indianapolis, IN) is $1,712. This is based on aggregated data from public sources and community submissions.

How does ZIP 46229 rent compare to the US average?

ZIP 46229's median rent of $1,712/mo is $253 (13%) below the US national median of $1,965/mo.

How does ZIP 46229 compare to other ZIPs in Indiana?

ZIP 46229 is one of the pricier ZIP codes in Indiana, ranking #34 out of 144 ZIPs tracked at $1,712/mo.

How much income do you need to rent in ZIP 46229?

To keep rent at or below 30% of gross income, you would need to earn at least $68,000/year (~$33/hour full-time) to afford the median rent of $1,712/mo in ZIP 46229. The local median household income is $61,388/yr, meaning the typical household falls short of that threshold.

Is rent going up or down in ZIP 46229?

Rent in ZIP 46229 has increased 8.8% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 46229 an affordable place to rent?

ZIP 46229 is considered moderate for renters. At $1,712/mo, rent takes approximately 33% of the local median household income ($61,388/yr). The standard benchmark is 30%. ZIP 46229 slightly exceeds that threshold, so budgeting carefully matters here.

What percentage of ZIP 46229 residents rent vs. own?

According to Census data, approximately 38.4% of ZIP 46229 households are renters, while 61.6% are owner-occupied. ZIP 46229 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 46229 compare to the rest of Indianapolis?

ZIP 46229 is pricier than Indianapolis as a whole. At $1,712/mo, it's $301 above the Indianapolis citywide median of $1,411/mo.

When was rent data for ZIP 46229 last updated?

Rent data for ZIP 46229 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
33%
MODERATE

At $1,712/mo, rent takes ~33% of ZIP 46229's median household income ($61,388/yr). The standard benchmark is 30%.

ZIP 46229 33%Benchmark 30%
State income tax3.05%
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Schools nearby

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