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ZIP Code · IN

ZIP 46239

Pop. 33,931·Marion County·14th most expensive ZIP in Indiana
Median rent (all units)
$1,944/mo
Year-over-Year
+3.1%
Month-over-Month
-0.5%
vs US Median
-$21
Stable (Monthly)
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Most AffordableMost Expensive
ZIP 46239 · $1,944
More expensive than 57% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,240
1 BR
$1,410
2 BR
$1,640
3 BR
$2,120
4 BR+
$2,600
Research median
$1,640/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
$23,328/yr
At $1,944/mo median
Location
StateIN
CountyMarion County
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (3.1% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+3.1% YoY, -0.5% MoM), not inventory.
Demographics

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.

Population
33,931
Median income
$100,331
Median age
33.9
Renters
17.6%
Age distribution
29.9%
21.7%
25.7%
13.1%
Under 1829.9%
18–3421.7%
35–5425.7%
55–6413.1%
65+9.6%
Gender
48.8%
51.2%
Male48.8%
Female51.2%
Race & ethnicity
55.9%
25.5%
White55.9%
Black25.5%
Hispanic8.4%
Asian6.4%
Other3.9%
Education (25+)
23.5%
31.9%
38%
No HS diploma6.6%
HS diploma23.5%
Some college31.9%
Bachelor's+38%
Housing tenure
82.4%
17.6%
Owner82.4%
Renter17.6%

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

2021 vs 2026

How ZIP 46239 in Indianapolis, IN has changed in 5 years

Rent
$1,437 → $1,944
up 35.3%
Income
$84,894 → $100,331
up 18.2%
Population
33,456 → 33,931
up 1.4%
Renter share
19% → 17.6%
-1.4 pts
Bachelor's+
35.4% → 38%
+2.6 pts

Five years ago, renters in ZIP 46239 in Indianapolis, IN paid around $1,437 a month. That figure now sits near $1,944, up 35.3% 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.

Community

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Local insights

Tips for renters in ZIP 46239

About renting in ZIP 46239

Last updated: July 20, 2026

ZIP code 46239 covers Indianapolis, IN. The median rent here is $1,944/mo as of July 2026. A 1-bedroom rents for a median of $1,410/mo. A 2-bedroom rents for a median of $1,640/mo.

At 23% of local median household income ($100,331/yr), ZIP 46239 ranks as affordable compared to the national benchmark of 30%. Rents have increased 3.1% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 46239?

As of July 20, 2026, the median monthly rent in ZIP 46239 (Indianapolis, IN) is $1,944. This is based on aggregated data from public sources and community submissions.

How does ZIP 46239 rent compare to the US average?

ZIP 46239's median rent of $1,944/mo is $21 (1%) below the US national median of $1,965/mo.

How does ZIP 46239 compare to other ZIPs in Indiana?

ZIP 46239 is one of the pricier ZIP codes in Indiana, ranking #14 out of 144 ZIPs tracked at $1,944/mo.

How much income do you need to rent in ZIP 46239?

To keep rent at or below 30% of gross income, you would need to earn at least $78,000/year (~$38/hour full-time) to afford the median rent of $1,944/mo in ZIP 46239. The local median household income is $100,331/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 46239?

Rent in ZIP 46239 has increased 3.1% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 46239 an affordable place to rent?

ZIP 46239 is considered very affordable for renters. At $1,944/mo, rent takes approximately 23% of the local median household income ($100,331/yr). The standard benchmark is 30%. ZIP 46239 falls comfortably within that range.

What percentage of ZIP 46239 residents rent vs. own?

According to Census data, approximately 17.6% of ZIP 46239 households are renters, while 82.4% are owner-occupied. ZIP 46239 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 46239 compare to the rest of Indianapolis?

ZIP 46239 is pricier than Indianapolis as a whole. At $1,944/mo, it's $533 above the Indianapolis citywide median of $1,411/mo.

When was rent data for ZIP 46239 last updated?

Rent data for ZIP 46239 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
23%
VERY AFFORDABLE

At $1,944/mo, rent takes ~23% of ZIP 46239's median household income ($100,331/yr). The standard benchmark is 30%.

ZIP 46239 23%Benchmark 30%
State income tax3.05%
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Schools nearby

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