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ZIP Code · IN

ZIP 46256

Pop. 20,990·Marion County·89th most expensive ZIP in Indiana
Median rent (all units)
$1,257/mo
Year-over-Year
-4.0%
Month-over-Month
+1.3%
vs US Median
-$708
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 46256 · $1,257
More affordable than 89% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,090
1 BR
$1,230
2 BR
$1,430
3 BR
$1,850
4 BR+
$2,270
Research median
$1,430/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
$15,084/yr
At $1,257/mo median
Location
StateIN
CountyMarion County
Rent Market Meter
Balanced Market
Renter's MarketBalancedLandlord's Market
Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.
Based on rent-price momentum (-4.0% YoY, +1.3% MoM), not inventory.
Demographics

Who lives here

ZIP 46256 (Indianapolis, IN) is majority owner-occupied, has a median income above the national average, 57.3% of residents hold a bachelor's degree or higher.

Population
20,990
Median income
$93,847
Median age
38.3
Renters
27%
Age distribution
22.3%
22.4%
23.3%
12.6%
19.3%
Under 1822.3%
18–3422.4%
35–5423.3%
55–6412.6%
65+19.3%
Gender
48.3%
51.7%
Male48.3%
Female51.7%
Race & ethnicity
70.3%
13.3%
White70.3%
Black13.3%
Hispanic7.6%
Asian5.1%
Other3.7%
Education (25+)
15%
23.5%
57.3%
No HS diploma4.2%
HS diploma15%
Some college23.5%
Bachelor's+57.3%
Housing tenure
73%
27%
Owner73%
Renter27%

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

2021 vs 2026

How ZIP 46256 in Indianapolis, IN has changed in 5 years

Income
$75,905 → $93,847
up 23.6%
Population
21,916 → 20,990
down 4.2%
Renter share
29% → 27%
-2.0 pts
Bachelor's+
57.3% → 57.3%
+0.0 pts
Median age
39.5 → 38.3
-1.2 yrs

Household income in the area moved from $75,905 to $93,847 across the same window, up 23.6% versus 2021. The population has contracted by 4.2% since 2021, moving from about 21,916 residents to roughly 20,990. Renters now make up 27% of households, compared with 29% five years ago.

Community

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Local insights

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About renting in ZIP 46256

Last updated: July 20, 2026

ZIP code 46256 covers Indianapolis, IN. The median rent here is $1,257/mo as of July 2026. A 1-bedroom rents for a median of $1,230/mo. A 2-bedroom rents for a median of $1,430/mo.

At 16% of local median household income ($93,847/yr), ZIP 46256 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 4.0% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 46256?

As of July 20, 2026, the median monthly rent in ZIP 46256 (Indianapolis, IN) is $1,257. This is based on aggregated data from public sources and community submissions.

How does ZIP 46256 rent compare to the US average?

ZIP 46256's median rent of $1,257/mo is $708 (36%) below the US national median of $1,965/mo.

How does ZIP 46256 compare to other ZIPs in Indiana?

ZIP 46256 falls in the middle range for Indiana, ranking #89 out of 144 ZIPs at $1,257/mo.

How much income do you need to rent in ZIP 46256?

To keep rent at or below 30% of gross income, you would need to earn at least $50,000/year (~$24/hour full-time) to afford the median rent of $1,257/mo in ZIP 46256. The local median household income is $93,847/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 46256?

Rent in ZIP 46256 has decreased 4.0% over the past year as of July 20, 2026, offering some relief compared to 12 months ago.

Is ZIP 46256 an affordable place to rent?

ZIP 46256 is considered very affordable for renters. At $1,257/mo, rent takes approximately 16% of the local median household income ($93,847/yr). The standard benchmark is 30%. ZIP 46256 falls comfortably within that range.

What percentage of ZIP 46256 residents rent vs. own?

According to Census data, approximately 27% of ZIP 46256 households are renters, while 73% are owner-occupied. ZIP 46256 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 46256 compare to the rest of Indianapolis?

ZIP 46256 is more affordable than Indianapolis overall. At $1,257/mo, it's $154 below the Indianapolis citywide median of $1,411/mo.

When was rent data for ZIP 46256 last updated?

Rent data for ZIP 46256 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
16%
VERY AFFORDABLE

At $1,257/mo, rent takes ~16% of ZIP 46256's median household income ($93,847/yr). The standard benchmark is 30%.

ZIP 46256 16%Benchmark 30%
State income tax3.05%
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Schools nearby

Public schools near ZIP 46256 (Indianapolis, IN)

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