ZIP 46239
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Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).
12-month history
Last updated: October 17, 2026
What the numbers show
February. Asking rents in ZIP 46239 usually run 1.8% below trend in February and 1.6% above it in August, about $67 a month apart at today's median. Based on 10 years of data.
Rent in ZIP 46239 is at its highest level since Zillow's records here began in May 2015.
Rent in ZIP 46239 changed +4.4% over the year to September 2026. Across the 114 Indiana ZIP codes Zillow tracks, the typical change was +3.9%.
From 2019 to 2024, rent in ZIP 46239 rose 43.9% while median household income rose 26.4% ($79,381 to $100,331). Rent outpaced income.
Rent in ZIP 46239 is 54.2% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent has risen 3 months in a row, and rose in 8 of the last 12 months.
30% of the median household income ($100,331) is $2,508 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($2,120); a 4-bedroom is $2,600.
29th cheapest of 30 ZIP codes in Indianapolis.
ZIP 46229, 5 miles away, rents for 15% less ($1,678/mo), about $3,700 a year in savings.
From Zillow's monthly rent index (ZORI) for ZIP 46239. 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.
Who lives here
ZIP 46239 (Indianapolis, IN) is majority owner-occupied, has a large share of families with children, has a median income above the national average, 38% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How ZIP 46239 in Indianapolis, IN has changed in 5 years
Five years ago, renters in ZIP 46239 in Indianapolis, IN paid around $1,415 a month. That figure now sits near $1,985, up 40.3% from the 2021 baseline. On the earnings side, the typical household in ZIP 46239 in Indianapolis, IN now reports about $100,331, up from $84,894 in 2021. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. Census counts show ZIP 46239 in Indianapolis, IN adding about 475 residents over the five-year window, up 1.4% on net. Bachelor's-degree-or-higher attainment moved from 35.4% to 38% across the same window. For context, the 2021 to 2026 window covers an unusually volatile run for US rents nationally, and ZIP 46239 in Indianapolis, IN reflects that arc in its own way.
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Tips for renters in ZIP 46239
Last updated: October 17, 2026
ZIP code 46239 covers Indianapolis, IN. The median rent here is $1,985/mo as of October 2026. A 1-bedroom rents for a median of $1,410/mo. A 2-bedroom rents for a median of $1,640/mo.
At 24% of local median household income ($100,331/yr), ZIP 46239 ranks as affordable compared to the national benchmark of 30%. Rents have increased 4.4% over the past year.
Frequently asked questions
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How does ZIP 46239 compare to other ZIPs in Indiana?
How does ZIP 46239 compare to the rest of Indianapolis?
At $1,985/mo, rent takes ~24% of ZIP 46239's median household income ($100,331/yr). The standard benchmark is 30%.
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