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ZIP Code · IN

ZIP 46237

Pop. 43,473·Marion County·38th most expensive ZIP in Indiana
Median rent (all units)
$1,645/mo
Year-over-Year
-5.3%
Month-over-Month
-1.0%
vs US Median
-$320
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 46237 · $1,645
More affordable than 63% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,230
1 BR
$1,390
2 BR
$1,620
3 BR
$2,100
4 BR+
$2,570
Research median
$1,620/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
$19,740/yr
At $1,645/mo median
Location
StateIN
CountyMarion County
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 5.3% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (-5.3% YoY, -1.0% MoM), not inventory.
Demographics

Who lives here

ZIP 46237 (Indianapolis, IN) is majority owner-occupied, 34.2% of residents hold a bachelor's degree or higher.

Population
43,473
Median income
$79,078
Median age
37.6
Renters
31.1%
Age distribution
23.8%
21.5%
24.8%
14.3%
15.6%
Under 1823.8%
18–3421.5%
35–5424.8%
55–6414.3%
65+15.6%
Gender
46.7%
53.3%
Male46.7%
Female53.3%
Race & ethnicity
70.6%
14.6%
White70.6%
Black5.4%
Hispanic6.4%
Asian14.6%
Other3%
Education (25+)
26.9%
27.3%
34.2%
No HS diploma11.6%
HS diploma26.9%
Some college27.3%
Bachelor's+34.2%
Housing tenure
68.9%
31.1%
Owner68.9%
Renter31.1%

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

2021 vs 2026

How ZIP 46237 in Indianapolis, IN has changed in 5 years

Rent
$1,292 → $1,645
up 27.3%
Income
$71,469 → $79,078
up 10.6%
Population
40,725 → 43,473
up 6.7%
Renter share
28.7% → 31.1%
+2.4 pts
Bachelor's+
35.7% → 34.2%
-1.5 pts
Median age
36.8 → 37.6
+0.8 yrs

Compared with 2021, rent in ZIP 46237 in Indianapolis, IN has climbed by $353 per month, settling near $1,645 after starting the period at $1,292. Household income in the area moved from $71,469 to $79,078 across the same window, up 10.6% versus 2021. Rent outpaced income growth by roughly 16.7 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 40,725 to 43,473 between 2021 and 2024, a 6.7% change. About 31.1% of households rent today, against 28.7% in 2021. Reading these numbers side by side helps frame whether current listings in ZIP 46237 in Indianapolis, IN look reasonable against where the market sat half a decade ago.

Community

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Local insights

Tips for renters in ZIP 46237

About renting in ZIP 46237

Last updated: July 20, 2026

ZIP code 46237 covers Indianapolis, IN. The median rent here is $1,645/mo as of July 2026. A 1-bedroom rents for a median of $1,390/mo. A 2-bedroom rents for a median of $1,620/mo.

At 25% of local median household income ($79,078/yr), ZIP 46237 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 5.3% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 46237?

As of July 20, 2026, the median monthly rent in ZIP 46237 (Indianapolis, IN) is $1,645. This is based on aggregated data from public sources and community submissions.

How does ZIP 46237 rent compare to the US average?

ZIP 46237's median rent of $1,645/mo is $320 (16%) below the US national median of $1,965/mo.

How does ZIP 46237 compare to other ZIPs in Indiana?

ZIP 46237 is one of the pricier ZIP codes in Indiana, ranking #38 out of 144 ZIPs tracked at $1,645/mo.

How much income do you need to rent in ZIP 46237?

To keep rent at or below 30% of gross income, you would need to earn at least $66,000/year (~$32/hour full-time) to afford the median rent of $1,645/mo in ZIP 46237. The local median household income is $79,078/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 46237?

Rent in ZIP 46237 has decreased 5.3% over the past year as of July 20, 2026, offering some relief compared to 12 months ago.

Is ZIP 46237 an affordable place to rent?

ZIP 46237 is considered affordable for renters. At $1,645/mo, rent takes approximately 25% of the local median household income ($79,078/yr). The standard benchmark is 30%. ZIP 46237 falls comfortably within that range.

What percentage of ZIP 46237 residents rent vs. own?

According to Census data, approximately 31.1% of ZIP 46237 households are renters, while 68.9% are owner-occupied. ZIP 46237 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 46237 compare to the rest of Indianapolis?

ZIP 46237 is pricier than Indianapolis as a whole. At $1,645/mo, it's $234 above the Indianapolis citywide median of $1,411/mo.

When was rent data for ZIP 46237 last updated?

Rent data for ZIP 46237 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
25%
AFFORDABLE

At $1,645/mo, rent takes ~25% of ZIP 46237's median household income ($79,078/yr). The standard benchmark is 30%.

ZIP 46237 25%Benchmark 30%
State income tax3.05%
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Schools nearby

Public schools near ZIP 46237 (Indianapolis, IN)

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