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ZIP Code · IN

ZIP 46250

Pop. 18,147·Marion County·66th most expensive ZIP in Indiana
Median rent (all units)
$1,392/mo
Year-over-Year
+3.6%
Month-over-Month
-3.1%
vs US Median
-$570
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 46250 · $1,392
More affordable than 81% of US ZIP codes · National median $1,962/mo
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Medians by bedroom

Rent by unit size

Studio
$1,240
1 BR
$1,400
2 BR
$1,630
3 BR
$2,110
4 BR+
$2,590
Research median
$1,630/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
$16,704/yr
At $1,392/mo median
Location
StateIN
CountyMarion County
Rent Market Meter
Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are softening (up only 3.6% YoY), so renters have negotiating leverage.
Based on rent-price momentum (+3.6% YoY, -3.1% MoM), not inventory.
Demographics

Who lives here

ZIP 46250 (Indianapolis, IN) is majority renter-occupied, 53.1% of residents hold a bachelor's degree or higher.

Population
18,147
Median income
$67,328
Median age
36.3
Renters
58.2%
Age distribution
18.3%
29.7%
24.9%
16.3%
Under 1818.3%
18–3429.7%
35–5424.9%
55–6410.8%
65+16.3%
Gender
48.8%
51.2%
Male48.8%
Female51.2%
Race & ethnicity
66.7%
17.9%
White66.7%
Black17.9%
Hispanic10.9%
Asian1.6%
Other2.9%
Education (25+)
15.4%
27.8%
53.1%
No HS diploma3.8%
HS diploma15.4%
Some college27.8%
Bachelor's+53.1%
Housing tenure
41.8%
58.2%
Owner41.8%
Renter58.2%

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

2021 vs 2026

How ZIP 46250 in Indianapolis, IN has changed in 5 years

Income
$62,420 → $67,328
up 7.9%
Population
17,443 → 18,147
up 4.0%
Renter share
57.7% → 58.2%
+0.5 pts
Bachelor's+
56.4% → 53.1%
-3.3 pts
Median age
37.7 → 36.3
-1.4 yrs

Household income in the area moved from $62,420 to $67,328 across the same window, up 7.9% versus 2021. Headcount in the area went from 17,443 to 18,147 between 2021 and 2024, a 4.0% change. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher slipped from 56.4% to 53.1%.

Community

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Local insights

Tips for renters in ZIP 46250

About renting in ZIP 46250

Last updated: August 17, 2026

ZIP code 46250 covers Indianapolis, IN. The median rent here is $1,392/mo as of August 2026. A 1-bedroom rents for a median of $1,400/mo. A 2-bedroom rents for a median of $1,630/mo.

At 25% of local median household income ($67,328/yr), ZIP 46250 ranks as affordable compared to the national benchmark of 30%. Rents have increased 3.6% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 46250?

As of August 17, 2026, the median monthly rent in ZIP 46250 (Indianapolis, IN) is $1,392. This is based on aggregated data from public sources and community submissions.

How does ZIP 46250 rent compare to the US average?

ZIP 46250's median rent of $1,392/mo is $570 (29%) below the US national median of $1,962/mo.

How does ZIP 46250 compare to other ZIPs in Indiana?

ZIP 46250 falls in the middle range for Indiana, ranking #66 out of 142 ZIPs at $1,392/mo.

How much income do you need to rent in ZIP 46250?

To keep rent at or below 30% of gross income, you would need to earn at least $56,000/year (~$27/hour full-time) to afford the median rent of $1,392/mo in ZIP 46250. The local median household income is $67,328/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 46250?

Rent in ZIP 46250 has increased 3.6% over the past year as of August 17, 2026, putting upward pressure on renter budgets.

Is ZIP 46250 an affordable place to rent?

ZIP 46250 is considered affordable for renters. At $1,392/mo, rent takes approximately 25% of the local median household income ($67,328/yr). The standard benchmark is 30%. ZIP 46250 falls comfortably within that range.

What percentage of ZIP 46250 residents rent vs. own?

According to Census data, approximately 58.2% of ZIP 46250 households are renters, while 41.8% are owner-occupied. With a majority renter population, ZIP 46250 has a strong rental market.

How does ZIP 46250 compare to the rest of Indianapolis?

ZIP 46250 is more affordable than Indianapolis overall. At $1,392/mo, it's $24 below the Indianapolis citywide median of $1,416/mo.

When was rent data for ZIP 46250 last updated?

Rent data for ZIP 46250 reflects August 17, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
25%
AFFORDABLE

At $1,392/mo, rent takes ~25% of ZIP 46250's median household income ($67,328/yr). The standard benchmark is 30%.

ZIP 46250 25%Benchmark 30%
State income tax3.05%
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Schools nearby

Public schools near ZIP 46250 (Indianapolis, IN)

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