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ZIP Code · IN

ZIP 47906

Pop. 75,198·Tippecanoe County·20th most expensive ZIP in Indiana
Median rent (all units)
$1,841/mo
Year-over-Year
-1.1%
Month-over-Month
+3.4%
vs US Median
-$124
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 47906 · $1,841
More expensive than 51% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$910
1 BR
$1,060
2 BR
$1,270
3 BR
$1,520
4 BR+
$2,040
Research median
$1,270/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
$22,092/yr
At $1,841/mo median
Location
StateIN
CountyTippecanoe County
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (1.1% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (-1.1% YoY, +3.4% MoM), not inventory.
Demographics

Who lives here

ZIP 47906 (West Lafayette, IN) is majority renter-occupied, skews toward younger working-age adults, has a median income below the national average, 63.9% of residents hold a bachelor's degree or higher.

Population
75,198
Median income
$53,103
Median age
22.3
Renters
56.5%
Age distribution
13.9%
56.1%
14.2%
Under 1813.9%
18–3456.1%
35–5414.2%
55–646.2%
65+9.6%
Gender
53.7%
46.3%
Male53.7%
Female46.3%
Race & ethnicity
69.9%
16.3%
White69.9%
Black4.3%
Hispanic7.7%
Asian16.3%
Other1.9%
Education (25+)
14.5%
17.8%
63.9%
No HS diploma3.8%
HS diploma14.5%
Some college17.8%
Bachelor's+63.9%
Housing tenure
43.5%
56.5%
Owner43.5%
Renter56.5%

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

2021 vs 2026

How ZIP 47906 in West Lafayette, IN has changed in 5 years

Rent
$1,255 → $1,841
up 46.7%
Income
$48,542 → $53,103
up 9.4%
Population
73,068 → 75,198
up 2.9%
Renter share
54.2% → 56.5%
+2.3 pts
Bachelor's+
62.5% → 63.9%
+1.4 pts

The median rent in ZIP 47906 in West Lafayette, IN stood at $1,255 in 2021 and currently runs about $1,841, reflecting a 46.7% increase over the period. On the earnings side, the typical household in ZIP 47906 in West Lafayette, IN now reports about $53,103, up from $48,542 in 2021. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has grown by 2.9% since 2021, moving from about 73,068 residents to roughly 75,198. Renters now make up 56.5% of households, compared with 54.2% five years ago. For context, the 2021 to 2026 window covers an unusually volatile run for US rents nationally, and ZIP 47906 in West Lafayette, IN reflects that arc in its own way.

Community

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Local insights

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About renting in ZIP 47906

Last updated: July 20, 2026

ZIP code 47906 covers West Lafayette, IN. The median rent here is $1,841/mo as of July 2026. A 1-bedroom rents for a median of $1,060/mo. A 2-bedroom rents for a median of $1,270/mo.

At 42% of local median household income ($53,103/yr), ZIP 47906 ranks as moderate compared to the national benchmark of 30%. Rents have decreased 1.1% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 47906?

As of July 20, 2026, the median monthly rent in ZIP 47906 (West Lafayette, IN) is $1,841. This is based on aggregated data from public sources and community submissions.

How does ZIP 47906 rent compare to the US average?

ZIP 47906's median rent of $1,841/mo is $124 (6%) below the US national median of $1,965/mo.

How does ZIP 47906 compare to other ZIPs in Indiana?

ZIP 47906 is one of the pricier ZIP codes in Indiana, ranking #20 out of 144 ZIPs tracked at $1,841/mo.

How much income do you need to rent in ZIP 47906?

To keep rent at or below 30% of gross income, you would need to earn at least $74,000/year (~$36/hour full-time) to afford the median rent of $1,841/mo in ZIP 47906. The local median household income is $53,103/yr, meaning the typical household falls short of that threshold.

Is rent going up or down in ZIP 47906?

Rent in ZIP 47906 has decreased 1.1% over the past year as of July 20, 2026, offering some relief compared to 12 months ago.

Is ZIP 47906 an affordable place to rent?

ZIP 47906 is considered stretched for renters. At $1,841/mo, rent takes approximately 42% of the local median household income ($53,103/yr). The standard benchmark is 30%. ZIP 47906 significantly exceeds that threshold, making it challenging for many renters.

What percentage of ZIP 47906 residents rent vs. own?

According to Census data, approximately 56.5% of ZIP 47906 households are renters, while 43.5% are owner-occupied. With a majority renter population, ZIP 47906 has a strong rental market.

How does ZIP 47906 compare to the rest of West Lafayette?

ZIP 47906 sits right at the West Lafayette citywide median of $1,841/mo.

When was rent data for ZIP 47906 last updated?

Rent data for ZIP 47906 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
42%
STRETCHED

At $1,841/mo, rent takes ~42% of ZIP 47906's median household income ($53,103/yr). The standard benchmark is 30%.

ZIP 47906 42%Benchmark 30%
State income tax3.05%
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