RentDataNowRentDataNow
ZIP Code · IN

ZIP 46408

Part of Gary, IN
Pop. 15,747·Lake County·62nd most expensive ZIP in Indiana
Median rent (all units)
$1,441/mo
Year-over-Year
Stable
Month-over-Month
+4.7%
vs US Median
-$524
Rising (Monthly)
Be the first to discuss 46408 rents ↓
Most AffordableMost Expensive
ZIP 46408 · $1,441
More affordable than 78% of US ZIP codes · National median $1,965/mo
Rent check

Is your rent fair?

Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio
$880
1 BR
$990
2 BR
$1,210
3 BR
$1,480
4 BR+
$1,600
Research median
$1,210/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

Loading…

Last updated: July 20, 2026

Annual cost
$17,292/yr
At $1,441/mo median
Location
CityGary
StateIN
CountyLake County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 0.0% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+0.0% YoY, +4.7% MoM), not inventory.
Demographics

Who lives here

ZIP 46408 (Gary, IN) is majority owner-occupied, has a large share of families with children, has a median income below the national average, 12.4% of residents hold a bachelor's degree or higher.

Population
15,747
Median income
$47,453
Median age
36.8
Renters
41.2%
Age distribution
28.4%
18.6%
23.9%
12%
17%
Under 1828.4%
18–3418.6%
35–5423.9%
55–6412%
65+17%
Gender
46.5%
53.5%
Male46.5%
Female53.5%
Race & ethnicity
36.7%
43.7%
22%
White36.7%
Black43.7%
Hispanic22%
Education (25+)
14.1%
44.1%
29.4%
12.4%
No HS diploma14.1%
HS diploma44.1%
Some college29.4%
Bachelor's+12.4%
Housing tenure
58.8%
41.2%
Owner58.8%
Renter41.2%

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

2021 vs 2026

How ZIP 46408 in Gary, IN has changed in 5 years

Income
$39,905 → $47,453
up 18.9%
Population
14,884 → 15,747
up 5.8%
Renter share
37.4% → 41.2%
+3.8 pts
Bachelor's+
11.1% → 12.4%
+1.3 pts
Median age
39.2 → 36.8
-2.4 yrs

Median household income grew from $39,905 to $47,453 between 2021 and 2024, a 18.9% shift. Headcount in the area went from 14,884 to 15,747 between 2021 and 2024, a 5.8% change. About 41.2% of households rent today, against 37.4% in 2021.

Community

Discussions about ZIP 46408

No discussions yet. Start the conversation.

Local insights

Tips for renters in ZIP 46408

About renting in ZIP 46408

Last updated: July 20, 2026

ZIP code 46408 covers Gary, IN. The median rent here is $1,441/mo as of July 2026. A 1-bedroom rents for a median of $990/mo. A 2-bedroom rents for a median of $1,210/mo.

At 36% of local median household income ($47,453/yr), ZIP 46408 ranks as moderate compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 46408?

As of July 20, 2026, the median monthly rent in ZIP 46408 (Gary, IN) is $1,441. This is based on aggregated data from public sources and community submissions.

How does ZIP 46408 rent compare to the US average?

ZIP 46408's median rent of $1,441/mo is $524 (27%) below the US national median of $1,965/mo.

How does ZIP 46408 compare to other ZIPs in Indiana?

ZIP 46408 falls in the middle range for Indiana, ranking #62 out of 144 ZIPs at $1,441/mo.

How much income do you need to rent in ZIP 46408?

To keep rent at or below 30% of gross income, you would need to earn at least $58,000/year (~$28/hour full-time) to afford the median rent of $1,441/mo in ZIP 46408. The local median household income is $47,453/yr, meaning the typical household falls short of that threshold.

Is rent going up or down in ZIP 46408?

Rent in ZIP 46408 has been relatively stable over the past year, with a 0.0% change year over year as of July 20, 2026.

Is ZIP 46408 an affordable place to rent?

ZIP 46408 is considered moderate for renters. At $1,441/mo, rent takes approximately 36% of the local median household income ($47,453/yr). The standard benchmark is 30%. ZIP 46408 slightly exceeds that threshold, so budgeting carefully matters here.

What percentage of ZIP 46408 residents rent vs. own?

According to Census data, approximately 41.2% of ZIP 46408 households are renters, while 58.8% are owner-occupied. ZIP 46408 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 46408 compare to the rest of Gary?

ZIP 46408 is pricier than Gary as a whole. At $1,441/mo, it's $75 above the Gary citywide median of $1,366/mo.

When was rent data for ZIP 46408 last updated?

Rent data for ZIP 46408 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
36%
MODERATE

At $1,441/mo, rent takes ~36% of ZIP 46408's median household income ($47,453/yr). The standard benchmark is 30%.

ZIP 46408 36%Benchmark 30%
State income tax3.05%
Compare

How does this area stack up?

Pick another city or ZIP to compare.

Schools nearby

Public schools near ZIP 46408 (Gary, IN)

Recent submissions

Be the first to submit your rent for this ZIP.

Recent discussions

No discussions yet.