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ZIP Code · IN

ZIP 46241

Pop. 32,565·Marion County·75th most expensive ZIP in Indiana
Median rent (all units)
$1,338/mo
Year-over-Year
+7.2%
Month-over-Month
+5.3%
vs US Median
-$624
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 46241 · $1,338
More affordable than 84% of US ZIP codes · National median $1,962/mo
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Medians by bedroom

Rent by unit size

Studio
$1,070
1 BR
$1,210
2 BR
$1,410
3 BR
$1,830
4 BR+
$2,240
Research median
$1,410/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: August 17, 2026

Annual cost
$16,056/yr
At $1,338/mo median
Location
StateIN
CountyMarion County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 7.2% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+7.2% YoY, +5.3% MoM), not inventory.
Demographics

Who lives here

ZIP 46241 (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, 15.4% of residents hold a bachelor's degree or higher.

Population
32,565
Median income
$53,653
Median age
31
Renters
46%
Age distribution
32.6%
22%
25.5%
Under 1832.6%
18–3422%
35–5425.5%
55–649.9%
65+10%
Gender
50.4%
49.6%
Male50.4%
Female49.6%
Race & ethnicity
54.7%
15%
29.3%
White54.7%
Black15%
Hispanic29.3%
Asian0.5%
Other0.6%
Education (25+)
26%
38.2%
20.4%
15.4%
No HS diploma26%
HS diploma38.2%
Some college20.4%
Bachelor's+15.4%
Housing tenure
54%
46%
Owner54%
Renter46%

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

2021 vs 2026

How ZIP 46241 in Indianapolis, IN has changed in 5 years

Rent
$799 → $1,338
up 67.5%
Income
$44,543 → $53,653
up 20.5%
Population
33,756 → 32,565
down 3.5%
Renter share
42.9% → 46%
+3.1 pts
Bachelor's+
13% → 15.4%
+2.4 pts
Median age
30.5 → 31
+0.5 yrs

Rent in ZIP 46241 in Indianapolis, IN has increased 67.5% since 2021, going from about $799 per month to roughly $1,338 today. Census figures show median household income at $53,653 today, compared with $44,543 five years earlier. Rent outpaced income growth by roughly 47.0 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 33,756 to 32,565 between 2021 and 2024, a 3.5% change. About 46% of households rent today, against 42.9% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 13% to 15.4%. The combined trend lines point to a market that has changed measurably from where it stood in early 2021.

Community

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Local insights

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About renting in ZIP 46241

Last updated: August 17, 2026

ZIP code 46241 covers Indianapolis, IN. The median rent here is $1,338/mo as of August 2026. A 1-bedroom rents for a median of $1,210/mo. A 2-bedroom rents for a median of $1,410/mo.

At 30% of local median household income ($53,653/yr), ZIP 46241 ranks as moderate compared to the national benchmark of 30%. Rents have increased 7.2% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 46241?

As of August 17, 2026, the median monthly rent in ZIP 46241 (Indianapolis, IN) is $1,338. This is based on aggregated data from public sources and community submissions.

How does ZIP 46241 rent compare to the US average?

ZIP 46241's median rent of $1,338/mo is $624 (32%) below the US national median of $1,962/mo.

How does ZIP 46241 compare to other ZIPs in Indiana?

ZIP 46241 falls in the middle range for Indiana, ranking #75 out of 142 ZIPs at $1,338/mo.

How much income do you need to rent in ZIP 46241?

To keep rent at or below 30% of gross income, you would need to earn at least $54,000/year (~$26/hour full-time) to afford the median rent of $1,338/mo in ZIP 46241. The local median household income is $53,653/yr, meaning the typical household falls short of that threshold.

Is rent going up or down in ZIP 46241?

Rent in ZIP 46241 has increased 7.2% over the past year as of August 17, 2026, putting upward pressure on renter budgets.

Is ZIP 46241 an affordable place to rent?

ZIP 46241 is considered moderate for renters. At $1,338/mo, rent takes approximately 30% of the local median household income ($53,653/yr). The standard benchmark is 30%. ZIP 46241 slightly exceeds that threshold, so budgeting carefully matters here.

What percentage of ZIP 46241 residents rent vs. own?

According to Census data, approximately 46% of ZIP 46241 households are renters, while 54% are owner-occupied. ZIP 46241 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 46241 compare to the rest of Indianapolis?

ZIP 46241 is more affordable than Indianapolis overall. At $1,338/mo, it's $78 below the Indianapolis citywide median of $1,416/mo.

When was rent data for ZIP 46241 last updated?

Rent data for ZIP 46241 reflects August 17, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
30%
MODERATE

At $1,338/mo, rent takes ~30% of ZIP 46241's median household income ($53,653/yr). The standard benchmark is 30%.

ZIP 46241 30%Benchmark 30%
State income tax3.05%
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