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ZIP Code · IN

ZIP 46404

Part of Gary, IN
Pop. 15,428·Lake County·64th most expensive ZIP in Indiana
Median rent (all units)
$1,435/mo
Year-over-Year
+22.4%
Month-over-Month
-1.3%
vs US Median
-$530
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 46404 · $1,435
More affordable than 78% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$870
1 BR
$990
2 BR
$1,200
3 BR
$1,470
4 BR+
$1,590
Research median
$1,200/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
$17,220/yr
At $1,435/mo median
Location
CityGary
StateIN
CountyLake County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 22.4% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+22.4% YoY, -1.3% MoM), not inventory.
Demographics

Who lives here

ZIP 46404 (Gary, IN) is majority owner-occupied, has a large retiree population, has a median income below the national average, 15.4% of residents hold a bachelor's degree or higher.

Population
15,428
Median income
$42,256
Median age
39.4
Renters
43.6%
Age distribution
25.6%
20%
21.5%
21.1%
Under 1825.6%
18–3420%
35–5421.5%
55–6411.7%
65+21.1%
Gender
45.9%
54.1%
Male45.9%
Female54.1%
Race & ethnicity
90.4%
White1.4%
Black90.4%
Hispanic3.3%
Asian0.7%
Other4.1%
Education (25+)
34%
38.7%
15.4%
No HS diploma12%
HS diploma34%
Some college38.7%
Bachelor's+15.4%
Housing tenure
56.4%
43.6%
Owner56.4%
Renter43.6%

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

2021 vs 2026

How ZIP 46404 in Gary, IN has changed in 5 years

Income
$35,071 → $42,256
up 20.5%
Population
16,702 → 15,428
down 7.6%
Renter share
46.8% → 43.6%
-3.2 pts
Bachelor's+
15.4% → 15.4%
+0.0 pts
Median age
35.8 → 39.4
+3.6 yrs

Local incomes tracked alongside that move, going from a median of $35,071 in 2021 to $42,256 more recently. Census counts show ZIP 46404 in Gary, IN losing about 1,274 residents over the five-year window, down 7.6% on net. The renter share has eased from 46.8% to 43.6%, with owner-occupied housing accounting for the remainder.

Community

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Local insights

Tips for renters in ZIP 46404

About renting in ZIP 46404

Last updated: July 20, 2026

ZIP code 46404 covers Gary, IN. The median rent here is $1,435/mo as of July 2026. A 1-bedroom rents for a median of $990/mo. A 2-bedroom rents for a median of $1,200/mo.

At 41% of local median household income ($42,256/yr), ZIP 46404 ranks as moderate compared to the national benchmark of 30%. Rents have increased 22.4% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 46404?

As of July 20, 2026, the median monthly rent in ZIP 46404 (Gary, IN) is $1,435. This is based on aggregated data from public sources and community submissions.

How does ZIP 46404 rent compare to the US average?

ZIP 46404's median rent of $1,435/mo is $530 (27%) below the US national median of $1,965/mo.

How does ZIP 46404 compare to other ZIPs in Indiana?

ZIP 46404 falls in the middle range for Indiana, ranking #64 out of 144 ZIPs at $1,435/mo.

How much income do you need to rent in ZIP 46404?

To keep rent at or below 30% of gross income, you would need to earn at least $57,000/year (~$27/hour full-time) to afford the median rent of $1,435/mo in ZIP 46404. The local median household income is $42,256/yr, meaning the typical household falls short of that threshold.

Is rent going up or down in ZIP 46404?

Rent in ZIP 46404 has increased 22.4% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 46404 an affordable place to rent?

ZIP 46404 is considered stretched for renters. At $1,435/mo, rent takes approximately 41% of the local median household income ($42,256/yr). The standard benchmark is 30%. ZIP 46404 significantly exceeds that threshold, making it challenging for many renters.

What percentage of ZIP 46404 residents rent vs. own?

According to Census data, approximately 43.6% of ZIP 46404 households are renters, while 56.4% are owner-occupied. ZIP 46404 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 46404 compare to the rest of Gary?

ZIP 46404 is pricier than Gary as a whole. At $1,435/mo, it's $69 above the Gary citywide median of $1,366/mo.

When was rent data for ZIP 46404 last updated?

Rent data for ZIP 46404 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
41%
STRETCHED

At $1,435/mo, rent takes ~41% of ZIP 46404's median household income ($42,256/yr). The standard benchmark is 30%.

ZIP 46404 41%Benchmark 30%
State income tax3.05%
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Schools nearby

Public schools near ZIP 46404 (Gary, IN)

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