ZIP Code · IN

ZIP 46236

Part of Lawrence, IN
Pop. 26,416·Marion County·13th most expensive ZIP in Indiana
Median rent (all units)
$1,906/mo
Year-over-Year
+1.4%
Month-over-Month
+0.2%
vs US Median
-$26
Reported rents
Stable (Monthly)
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Most AffordableMost Expensive
ZIP 46236 · $1,906
More expensive than 56% of US ZIP codes · National median $1,932/mo
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Medians by bedroom

Rent by unit size

Studio
$1,610
1 BR
$1,820
2 BR
$2,120
3 BR
$2,750
4 BR+
$3,370
Research median
$2,120/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: October 17, 2026

From the history

What the numbers show

Cheapest month to sign

January. Asking rents in ZIP 46236 usually run 1.9% below trend in January and 1.5% above it in August, about $65 a month apart at today's median. Based on 5 years of data.

Compared with the peak

Rent in ZIP 46236 is 0.4% below its high of $1,914 in April 2026, at $1,906 as of September 2026.

Past year vs. the rest of Indiana

Rent in ZIP 46236 changed +1.4% over the year to September 2026. Across the 114 Indiana ZIP codes Zillow tracks, the typical change was +3.9%.

Recent direction

Rent has risen 2 months in a row, and rose in 7 of the last 12 months.

What a typical income covers

30% of the median household income ($115,664) is $2,892 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($2,750); a 4-bedroom is $3,370.

Cheaper nearby

ZIP 46256, 3 miles away, rents for 39% less ($1,168/mo), about $8,900 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 46236. 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.

Annual cost
$22,872/yr
At $1,906/mo median
Location
StateIN
CountyMarion County
Rent Market Meter
Balanced Market
Renter's MarketBalancedLandlord's Market
Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.
Based on rent-price momentum (+1.4% YoY, +0.2% MoM), not inventory.
Demographics

Who lives here

ZIP 46236 (Lawrence, IN) is majority owner-occupied, has a large share of families with children, has a median income above the national average, 51.9% of residents hold a bachelor's degree or higher.

Population
26,416
Median income
$115,664
Median age
40.4
Renters
11.1%
Age distribution
26.5%
16.4%
26.1%
14.3%
16.7%
Under 1826.5%
18–3416.4%
35–5426.1%
55–6414.3%
65+16.7%
Gender
50.1%
49.9%
Male50.1%
Female49.9%
Race & ethnicity
67.2%
12.2%
16.4%
White67.2%
Black12.2%
Hispanic16.4%
Asian1.3%
Other2.9%
Education (25+)
19.7%
23.3%
51.9%
No HS diploma5.1%
HS diploma19.7%
Some college23.3%
Bachelor's+51.9%
Housing tenure
88.9%
Owner88.9%
Renter11.1%

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

2021 vs 2026

How ZIP 46236 in Lawrence, IN has changed in 5 years

Rent
$1,380 → $1,906
up 38.1%
Income
$94,547 → $115,664
up 22.3%
Population
28,163 → 26,416
down 6.2%
Renter share
12.5% → 11.1%
-1.4 pts
Bachelor's+
52.5% → 51.9%
-0.6 pts
Median age
38.7 → 40.4
+1.7 yrs

The median rent in ZIP 46236 in Lawrence, IN stood at $1,380 in 2021 and currently runs about $1,906, reflecting a 38.1% increase over the period. Census figures show median household income at $115,664 today, compared with $94,547 five years earlier. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has contracted by 6.2% since 2021, moving from about 28,163 residents to roughly 26,416. The combined trend lines point to a market that has changed measurably from where it stood in early 2021.

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Local insights

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About renting in ZIP 46236

Last updated: October 17, 2026

ZIP code 46236 covers Lawrence, IN. The median rent here is $1,906/mo as of October 2026. A 1-bedroom rents for a median of $1,820/mo. A 2-bedroom rents for a median of $2,120/mo.

At 20% of local median household income ($115,664/yr), ZIP 46236 ranks as affordable compared to the national benchmark of 30%. Rents have increased 1.4% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 46236?

To keep rent at or below 30% of gross income, you would need to earn at least $76,000/year (about $37/hour full-time) to afford the median rent of $1,906/mo in ZIP 46236. The local median household income is $115,664/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 46236?

Rent in ZIP 46236 has risen 1.4% over the past year as of September 2026. It sits 0.4% below its high of $1,914 in April 2026.

When is the cheapest time to rent in ZIP 46236?

Asking rents in ZIP 46236 are usually lowest in January, about 1.9% below their yearly trend, and highest in August, about 1.5% above it. At today's median that is a gap of roughly $65 a month. This pattern comes from 5 years of Zillow rent data.

How does ZIP 46236 compare to other ZIPs in Indiana?

ZIP 46236 is one of the pricier among Indiana ZIP codes for rent, ranking #13 of 139 at $1,906/mo. Over the year to September 2026, rent in ZIP 46236 changed +1.4%, against a typical +3.9% across the 114 Indiana ZIP codes Zillow tracks.

How does ZIP 46236 compare to the rest of Lawrence?

At $1,906/mo, ZIP 46236 is $366 above the Lawrence citywide median of $1,540/mo.
Income Affordability
20%
VERY AFFORDABLE

At $1,906/mo, rent takes ~20% of ZIP 46236's median household income ($115,664/yr). The standard benchmark is 30%.

ZIP 46236 20%Benchmark 30%
State income tax3.05%
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