ZIP Code · IN

ZIP 47904

Part of Lafayette, IN

Pop. 16,257·Tippecanoe County·108th most expensive ZIP in Indiana

Median rent (all units)

$1,116/mo

Year-over-Year

+2.1%

Month-over-Month

Stable

vs US Median

-$816

Reported rents

Stable (Monthly)

Be the first to discuss 47904 rents ↓

Most AffordableMost Expensive

ZIP 47904 · $1,116

More affordable than 95% of US ZIP codes · National median $1,932/mo

Rent check

Is your rent fair?

Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$820

1 BR

$950

2 BR

$1,140

3 BR

$1,370

4 BR+

$1,830

Research median

$1,140/mo

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

Rent trends

12-month history

Loading…

Last updated: October 17, 2026

From the history

What the numbers show

Compared with the peak

Rent in ZIP 47904 is 0.1% below its high of $1,117 in March 2026, at $1,116 as of September 2026.

Past year vs. the rest of Indiana

Rent in ZIP 47904 changed +2.1% 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 7 of the last 12 months.

What a typical income covers

30% of the median household income ($51,687) is $1,292 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,140); a 3-bedroom is $1,370.

Rank in Lafayette

1st cheapest of 4 ZIP codes in Lafayette.

From Zillow's monthly rent index (ZORI) for ZIP 47904. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$13,392/yr

At $1,116/mo median

Location

CityLafayette

StateIN

CountyTippecanoe County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (2.1% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+2.1% YoY, -0.1% MoM), not inventory.

Demographics

Who lives here

ZIP 47904 (Lafayette, IN) is majority renter-occupied, has a median income below the national average, 20.2% of residents hold a bachelor's degree or higher.

Population

16,257

Median income

$51,687

Median age

34.1

Renters

56.8%

Age distribution

21.9%

29.8%

24.8%

14%

Under 1821.9%

18–3429.8%

35–5424.8%

55–649.5%

65+14%

Gender

51.5%

48.5%

Male51.5%

Female48.5%

Race & ethnicity

75.7%

15.3%

White75.7%

Black4.3%

Hispanic15.3%

Asian2.2%

Other2.5%

Education (25+)

14.6%

41.5%

23.7%

20.2%

No HS diploma14.6%

HS diploma41.5%

Some college23.7%

Bachelor's+20.2%

Housing tenure

43.2%

56.8%

Owner43.2%

Renter56.8%

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

2023 vs 2026

How ZIP 47904 in Lafayette, IN has changed in 5 years

Rent

$961 → $1,116

up 16.1%

Income

$39,421 → $51,687

up 31.1%

Population

16,748 → 16,257

down 2.9%

Renter share

55.4% → 56.8%

+1.4 pts

Bachelor's+

22.3% → 20.2%

-2.1 pts

Compared with 2023, rent in ZIP 47904 in Lafayette, IN has increased by $155 per month, settling near $1,116 after starting the period at $961. On the earnings side, the typical household in ZIP 47904 in Lafayette, IN now reports about $51,687, up from $39,421 in 2021. Income growth outran rent by about 15.0 percentage points, easing the affordability math somewhat compared with 2021. Headcount in the area went from 16,748 to 16,257 between 2021 and 2024, a 2.9% change. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher slipped from 22.3% to 20.2%. For context, the 2023 to 2026 window covers an unusually volatile run for US rents nationally, and ZIP 47904 in Lafayette, IN reflects that arc in its own way.

Community

Discussions about ZIP 47904

No discussions yet. Start the conversation.

Local insights

Tips for renters in ZIP 47904

About renting in ZIP 47904

Last updated: October 17, 2026

ZIP code 47904 covers Lafayette, IN. The median rent here is $1,116/mo as of October 2026. A 1-bedroom rents for a median of $950/mo. A 2-bedroom rents for a median of $1,140/mo.

At 26% of local median household income ($51,687/yr), ZIP 47904 ranks as affordable compared to the national benchmark of 30%. Rents have increased 2.1% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 47904?

To keep rent at or below 30% of gross income, you would need to earn at least $45,000/year (about $22/hour full-time) to afford the median rent of $1,116/mo in ZIP 47904. The local median household income is $51,687/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 47904?

Rent in ZIP 47904 has risen 2.1% over the past year as of September 2026. It sits 0.1% below its high of $1,117 in March 2026.

How does ZIP 47904 compare to other ZIPs in Indiana?

ZIP 47904 is one of the more affordable among Indiana ZIP codes for rent, ranking #108 of 139 at $1,116/mo. Over the year to September 2026, rent in ZIP 47904 changed +2.1%, against a typical +3.9% across the 114 Indiana ZIP codes Zillow tracks.