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ZIP Code · IN

ZIP 46234

Pop. 28,300·Marion County·3rd most expensive ZIP in Indiana
Median rent (all units)
$2,124/mo
Year-over-Year
+6.5%
Month-over-Month
+2.9%
vs US Median
+$159
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 46234 · $2,124
More expensive than 66% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,350
1 BR
$1,530
2 BR
$1,780
3 BR
$2,300
4 BR+
$2,830
Research median
$1,780/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
$25,488/yr
At $2,124/mo median
Location
StateIN
CountyMarion County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 6.5% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+6.5% YoY, +2.9% MoM), not inventory.
Demographics

Who lives here

ZIP 46234 (Indianapolis, IN) is majority owner-occupied, has a large share of families with children, 37.1% of residents hold a bachelor's degree or higher.

Population
28,300
Median income
$83,190
Median age
37.9
Renters
23.5%
Age distribution
26.3%
19.7%
26.3%
17.5%
Under 1826.3%
18–3419.7%
35–5426.3%
55–6410.3%
65+17.5%
Gender
50.3%
49.7%
Male50.3%
Female49.7%
Race & ethnicity
58.8%
21.5%
White58.8%
Black21.5%
Hispanic10.7%
Asian4.4%
Other4.6%
Education (25+)
26.6%
26.2%
37.1%
No HS diploma10.2%
HS diploma26.6%
Some college26.2%
Bachelor's+37.1%
Housing tenure
76.5%
23.5%
Owner76.5%
Renter23.5%

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

2021 vs 2026

How ZIP 46234 in Indianapolis, IN has changed in 5 years

Rent
$1,452 → $2,124
up 46.3%
Income
$81,685 → $83,190
up 1.8%
Population
27,238 → 28,300
up 3.9%
Renter share
18% → 23.5%
+5.5 pts
Bachelor's+
37% → 37.1%
+0.1 pts
Median age
39.9 → 37.9
-2.0 yrs

The median rent in ZIP 46234 in Indianapolis, IN stood at $1,452 in 2021 and currently runs about $2,124, reflecting a 46.3% increase over the period. On the earnings side, the typical household in ZIP 46234 in Indianapolis, IN now reports about $83,190, up from $81,685 in 2021. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has grown by 3.9% since 2021, moving from about 27,238 residents to roughly 28,300. Renters now make up 23.5% of households, compared with 18% five years ago. For context, the 2021 to 2026 window covers an unusually volatile run for US rents nationally, and ZIP 46234 in Indianapolis, IN reflects that arc in its own way.

Community

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Local insights

Tips for renters in ZIP 46234

About renting in ZIP 46234

Last updated: July 20, 2026

ZIP code 46234 covers Indianapolis, IN. The median rent here is $2,124/mo as of July 2026. A 1-bedroom rents for a median of $1,530/mo. A 2-bedroom rents for a median of $1,780/mo.

At 31% of local median household income ($83,190/yr), ZIP 46234 ranks as moderate compared to the national benchmark of 30%. Rents have increased 6.5% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 46234?

As of July 20, 2026, the median monthly rent in ZIP 46234 (Indianapolis, IN) is $2,124. This is based on aggregated data from public sources and community submissions.

How does ZIP 46234 rent compare to the US average?

ZIP 46234's median rent of $2,124/mo is $159 (8%) above the US national median of $1,965/mo.

How does ZIP 46234 compare to other ZIPs in Indiana?

ZIP 46234 is one of the pricier ZIP codes in Indiana, ranking #3 out of 144 ZIPs tracked at $2,124/mo.

How much income do you need to rent in ZIP 46234?

To keep rent at or below 30% of gross income, you would need to earn at least $85,000/year (~$41/hour full-time) to afford the median rent of $2,124/mo in ZIP 46234. The local median household income is $83,190/yr, meaning the typical household falls short of that threshold.

Is rent going up or down in ZIP 46234?

Rent in ZIP 46234 has increased 6.5% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 46234 an affordable place to rent?

ZIP 46234 is considered moderate for renters. At $2,124/mo, rent takes approximately 31% of the local median household income ($83,190/yr). The standard benchmark is 30%. ZIP 46234 slightly exceeds that threshold, so budgeting carefully matters here.

What percentage of ZIP 46234 residents rent vs. own?

According to Census data, approximately 23.5% of ZIP 46234 households are renters, while 76.5% are owner-occupied. ZIP 46234 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 46234 compare to the rest of Indianapolis?

ZIP 46234 is pricier than Indianapolis as a whole. At $2,124/mo, it's $713 above the Indianapolis citywide median of $1,411/mo.

When was rent data for ZIP 46234 last updated?

Rent data for ZIP 46234 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
31%
MODERATE

At $2,124/mo, rent takes ~31% of ZIP 46234's median household income ($83,190/yr). The standard benchmark is 30%.

ZIP 46234 31%Benchmark 30%
State income tax3.05%
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Schools nearby

Public schools near ZIP 46234 (Indianapolis, IN)

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