ZIP Code · IN

ZIP 47901

Part of Lafayette, IN

Pop. 4,585·Tippecanoe County·73rd most expensive ZIP in Indiana

Median rent (all units)

$1,317/mo

Year-over-Year

+3.3%

Month-over-Month

+0.2%

vs US Median

-$615

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 47901 · $1,317

More affordable than 85% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$810

1 BR

$940

2 BR

$1,130

3 BR

$1,350

4 BR+

$1,810

Research median

$1,130/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: October 17, 2026

From the history

What the numbers show

Compared with the peak

Rent in ZIP 47901 is 1.9% below its high of $1,342 in April 2026, at $1,317 as of September 2026.

Past year vs. the rest of Indiana

Rent in ZIP 47901 changed +3.3% over the year to September 2026. Across the 114 Indiana ZIP codes Zillow tracks, the typical change was +3.9%.

Recent direction

Rent rose in 8 of the last 12 months.

What a typical income covers

30% of the median household income ($47,206) is $1,180 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,130); a 3-bedroom is $1,350.

Rank in Lafayette

2nd cheapest of 4 ZIP codes in Lafayette.

Cheaper nearby

ZIP 47904, 2 miles away, rents for 15% less ($1,116/mo), about $2,400 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 47901. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$15,804/yr

At $1,317/mo median

Location

CityLafayette

StateIN

CountyTippecanoe County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (3.3% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+3.3% YoY, +0.2% MoM), not inventory.

Demographics

Who lives here

ZIP 47901 (Lafayette, IN) is majority renter-occupied, skews toward younger working-age adults, has a median income below the national average, 56% of residents hold a bachelor's degree or higher.

Population

4,585

Median income

$47,206

Median age

30.5

Renters

91.9%

Age distribution

55.3%

18.3%

Under 1811.9%

18–3455.3%

35–5418.3%

55–648.7%

65+5.9%

Gender

51%

49%

Male51%

Female49%

Race & ethnicity

70.8%

19.3%

White70.8%

Black19.3%

Hispanic2.7%

Asian5.7%

Other1.5%

Education (25+)

18.2%

16.6%

56%

No HS diploma9.2%

HS diploma18.2%

Some college16.6%

Bachelor's+56%

Housing tenure

91.9%

Owner8.1%

Renter91.9%

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

2023 vs 2026

How ZIP 47901 in Lafayette, IN has changed in 5 years

Rent

$1,114 → $1,317

up 18.2%

Income

$41,340 → $47,206

up 14.2%

Population

4,169 → 4,585

up 10.0%

Renter share

90.8% → 91.9%

+1.1 pts

Bachelor's+

60.4% → 56%

-4.4 pts

Median age

28.6 → 30.5

+1.9 yrs

The median rent in ZIP 47901 in Lafayette, IN stood at $1,114 in 2023 and currently runs about $1,317, reflecting a 18.2% increase over the period. Median household income rose from $41,340 to $47,206 between 2021 and 2024, a 14.2% shift. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has grown by 10.0% since 2021, moving from about 4,169 residents to roughly 4,585. College-educated residents now make up 56% of adults here, versus 60.4% in 2021. Taken together, the five-year picture in ZIP 47901 in Lafayette, IN reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.

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About renting in ZIP 47901

Last updated: October 17, 2026

ZIP code 47901 covers Lafayette, IN. The median rent here is $1,317/mo as of October 2026. A 1-bedroom rents for a median of $940/mo. A 2-bedroom rents for a median of $1,130/mo.

At 33% of local median household income ($47,206/yr), ZIP 47901 ranks as moderate compared to the national benchmark of 30%. Rents have increased 3.3% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 47901?

To keep rent at or below 30% of gross income, you would need to earn at least $53,000/year (about $25/hour full-time) to afford the median rent of $1,317/mo in ZIP 47901. The local median household income is $47,206/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 47901?

Rent in ZIP 47901 has risen 3.3% over the past year as of September 2026. It sits 1.9% below its high of $1,342 in April 2026.

How does ZIP 47901 compare to other ZIPs in Indiana?

ZIP 47901 is in the middle among Indiana ZIP codes for rent, ranking #73 of 139 at $1,317/mo. Over the year to September 2026, rent in ZIP 47901 changed +3.3%, against a typical +3.9% across the 114 Indiana ZIP codes Zillow tracks.