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ZIP Code · IN

ZIP 46235

Pop. 36,317·Marion County·23rd most expensive ZIP in Indiana
Median rent (all units)
$1,801/mo
Year-over-Year
+14.6%
Month-over-Month
+0.9%
vs US Median
-$164
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 46235 · $1,801
More affordable than 52% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$950
1 BR
$1,080
2 BR
$1,250
3 BR
$1,620
4 BR+
$1,980
Research median
$1,250/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
$21,612/yr
At $1,801/mo median
Location
StateIN
CountyMarion County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 14.6% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+14.6% YoY, +0.9% MoM), not inventory.
Demographics

Who lives here

ZIP 46235 (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, 20.6% of residents hold a bachelor's degree or higher.

Population
36,317
Median income
$58,951
Median age
30.4
Renters
46.5%
Age distribution
30.8%
28%
26.1%
Under 1830.8%
18–3428%
35–5426.1%
55–647.7%
65+7.3%
Gender
46.5%
53.5%
Male46.5%
Female53.5%
Race & ethnicity
21.6%
58.1%
14.8%
White21.6%
Black58.1%
Hispanic14.8%
Asian1%
Other4.5%
Education (25+)
13.7%
34.2%
31.5%
20.6%
No HS diploma13.7%
HS diploma34.2%
Some college31.5%
Bachelor's+20.6%
Housing tenure
53.5%
46.5%
Owner53.5%
Renter46.5%

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

2021 vs 2026

How ZIP 46235 in Indianapolis, IN has changed in 5 years

Rent
$1,169 → $1,801
up 54.1%
Income
$48,699 → $58,951
up 21.1%
Population
33,715 → 36,317
up 7.7%
Renter share
50.7% → 46.5%
-4.2 pts
Bachelor's+
15.4% → 20.6%
+5.2 pts
Median age
29.2 → 30.4
+1.2 yrs

Compared with 2021, rent in ZIP 46235 in Indianapolis, IN has increased by $632 per month, settling near $1,801 after starting the period at $1,169. Median household income grew from $48,699 to $58,951 between 2021 and 2024, a 21.1% shift. Rent outpaced income growth by roughly 33.0 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. Headcount in the area went from 33,715 to 36,317 between 2021 and 2024, a 7.7% change. About 46.5% of households rent today, against 50.7% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 15.4% to 20.6%. Taken together, the five-year picture in ZIP 46235 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

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About renting in ZIP 46235

Last updated: July 20, 2026

ZIP code 46235 covers Indianapolis, IN. The median rent here is $1,801/mo as of July 2026. A 1-bedroom rents for a median of $1,080/mo. A 2-bedroom rents for a median of $1,250/mo.

At 37% of local median household income ($58,951/yr), ZIP 46235 ranks as moderate compared to the national benchmark of 30%. Rents have increased 14.6% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 46235?

As of July 20, 2026, the median monthly rent in ZIP 46235 (Indianapolis, IN) is $1,801. This is based on aggregated data from public sources and community submissions.

How does ZIP 46235 rent compare to the US average?

ZIP 46235's median rent of $1,801/mo is $164 (8%) below the US national median of $1,965/mo.

How does ZIP 46235 compare to other ZIPs in Indiana?

ZIP 46235 is one of the pricier ZIP codes in Indiana, ranking #23 out of 144 ZIPs tracked at $1,801/mo.

How much income do you need to rent in ZIP 46235?

To keep rent at or below 30% of gross income, you would need to earn at least $72,000/year (~$35/hour full-time) to afford the median rent of $1,801/mo in ZIP 46235. The local median household income is $58,951/yr, meaning the typical household falls short of that threshold.

Is rent going up or down in ZIP 46235?

Rent in ZIP 46235 has increased 14.6% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 46235 an affordable place to rent?

ZIP 46235 is considered moderate for renters. At $1,801/mo, rent takes approximately 37% of the local median household income ($58,951/yr). The standard benchmark is 30%. ZIP 46235 slightly exceeds that threshold, so budgeting carefully matters here.

What percentage of ZIP 46235 residents rent vs. own?

According to Census data, approximately 46.5% of ZIP 46235 households are renters, while 53.5% are owner-occupied. ZIP 46235 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 46235 compare to the rest of Indianapolis?

ZIP 46235 is pricier than Indianapolis as a whole. At $1,801/mo, it's $390 above the Indianapolis citywide median of $1,411/mo.

When was rent data for ZIP 46235 last updated?

Rent data for ZIP 46235 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
37%
MODERATE

At $1,801/mo, rent takes ~37% of ZIP 46235's median household income ($58,951/yr). The standard benchmark is 30%.

ZIP 46235 37%Benchmark 30%
State income tax3.05%
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Schools nearby

Public schools near ZIP 46235 (Indianapolis, IN)

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