ZIP 46268
Is your rent fair?
Compare your rent to the local median.
Rent by unit size
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 46268 usually run 0.7% below trend in February and 0.6% above it in July, about $19 a month apart at today's median. Based on 7 years of data.
Rent in ZIP 46268 is 0.1% below its high of $1,500 in May 2025, at $1,498 as of September 2026.
Rent in ZIP 46268 changed +1.2% 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 46268 rose 42.3% while median household income rose 31.1% ($52,340 to $68,631). Rent outpaced income.
Rent in ZIP 46268 is 47.2% 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 6 of the last 12 months.
30% of the median household income ($68,631) is $1,716 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,530); a 3-bedroom is $1,980.
20th cheapest of 30 ZIP codes in Indianapolis.
ZIP 46260, 3 miles away, rents for 18% less ($1,229/mo), about $3,200 a year in savings.
From Zillow's monthly rent index (ZORI) for ZIP 46268. 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 46268 (Indianapolis, IN) is roughly split between renters and owners, 37.9% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How ZIP 46268 in Indianapolis, IN has changed in 5 years
Five years ago, renters in ZIP 46268 in Indianapolis, IN paid around $1,103 a month. That figure now sits near $1,498, up 35.8% from the 2021 baseline. Household income in the area moved from $52,689 to $68,631 across the same window, up 30.3% versus 2021. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. Census counts show ZIP 46268 in Indianapolis, IN adding about 1,160 residents over the five-year window, up 4.7% on net. Reading these numbers side by side helps frame whether current listings in ZIP 46268 in Indianapolis, IN look reasonable against where the market sat half a decade ago.
Discussions about ZIP 46268
No discussions yet. Start the conversation.
Tips for renters in ZIP 46268
Last updated: October 17, 2026
ZIP code 46268 covers Indianapolis, IN. The median rent here is $1,498/mo as of October 2026. A 1-bedroom rents for a median of $1,320/mo. A 2-bedroom rents for a median of $1,530/mo.
At 26% of local median household income ($68,631/yr), ZIP 46268 ranks as affordable compared to the national benchmark of 30%. Rents have increased 1.2% over the past year.
Frequently asked questions
How much income do you need to rent in ZIP 46268?
Is rent going up or down in ZIP 46268?
When is the cheapest time to rent in ZIP 46268?
Has rent outpaced income in ZIP 46268?
How does ZIP 46268 compare to other ZIPs in Indiana?
How does ZIP 46268 compare to the rest of Indianapolis?
At $1,498/mo, rent takes ~26% of ZIP 46268's median household income ($68,631/yr). The standard benchmark is 30%.
How does this area stack up?
Pick another city or ZIP to compare.
Be the first to submit your rent for this ZIP.
No discussions yet.