Rent in Indianapolis, IN
Across Indianapolis's 50 ZIP codes, a 2-bedroom typically rents for about $1,470 a month, with figures from $842–$2,300. The highest typical rent is in 46278 ($2,300) and the lowest in 46235 ($1,076). 45 ZIPs have ZIP-level figures from HUD or Census; the other 5 use the county Fair Market Rent. Owner-occupied homes in Marion County pay about 0.91% of their value a year in property tax, and the 30-year fixed mortgage rate averaged 7.24% in the week of Oct 29, 2026.
Rent by bedrooms
| Size | Typical | Range across ZIPs | ZIPs |
|---|---|---|---|
| Studio | $1,140 | $724–$1,780 | 50 |
| 1 bed | $1,280 | $754–$2,000 | 50 |
| 2 beds | $1,470 | $842–$2,300 | 50 |
| 3 beds | $1,910 | $1,077–$2,980 | 50 |
| 4 beds | $2,320 | $855–$3,630 | 50 |
Typical = median of each ZIP's best guess. Gross rent (rent plus tenant-paid utilities). Sources: HUD Small Area Fair Market Rents (Oct 1, 2026), Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).
Indianapolis ZIP codes
2 beds- 46201$1,000–$1,310
- 46202$1,574–$1,980
- 46203$1,059–$1,380
- 46204$2,014–$2,220
- 46205$1,305–$1,590
- 46206$1,470–$1,536
- 46208$1,090–$1,400
- 46213$1,536
- 46214$1,292–$1,440
- 46216$1,238–$1,700
- 46217$1,382–$1,790
- 46218$1,042–$1,330
- 46219$1,108–$1,420
- 46220$1,406–$1,790
- 46221$1,038–$1,480
- 46222$1,091–$1,420
- 46224$1,142–$1,470
- 46225$1,064–$1,420
- 46226$1,131–$1,440
- 46227$1,044–$1,370
- 46228$1,397–$1,830
- 46229$1,028–$1,350
- 46230$1,470–$1,536
- 46231$1,536–$1,980
- 46234$1,449–$1,850
- 46235$842–$1,310
- 46236$1,741–$2,300
- 46237$1,382–$1,730
- 46239$1,445–$1,790
- 46240$1,453–$1,820
- 46241$1,116–$1,480
- 46242$1,470–$1,536
- 46244$1,470–$1,536
- 46247$1,470–$1,536
- 46249$1,536
- 46250$1,472–$1,690
- 46251$1,470–$1,536
- 46253$1,470–$1,536
- 46254$1,141–$1,370
- 46256$1,314–$1,500
- 46259$1,536–$1,590
- 46260$1,179–$1,560
- 46268$1,377–$1,570
- 46278$1,536–$2,300
- 46280$1,975–$2,180
- 46282$1,470–$1,536
- 46283$1,536
- 46285$1,536
- 46290$1,536–$1,940
- 46298$1,536
Frequently asked questions
- What is the average rent for a 2-bedroom in Indianapolis, IN?
- About $1,470 a month: the median of the typical rents in 50 ZIP codes, which range from $842–$2,300. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Indianapolis, IN?
- About $1,280 a month: the median of the typical rents in 50 ZIP codes, which range from $754–$2,000. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Indianapolis, IN?
- About $1,910 a month: the median of the typical rents in 50 ZIP codes, which range from $1,077–$2,980. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Indianapolis, IN?
- About $1,140 a month: the median of the typical rents in 50 ZIP codes, which range from $724–$1,780. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Indianapolis, IN?
- About $2,320 a month: the median of the typical rents in 50 ZIP codes, which range from $855–$3,630. Figures are gross rent (rent plus tenant-paid utilities).
- Which Indianapolis ZIP code has the highest rent?
- For a 2-bedroom, 46278 has the highest typical rent at $2,300 a month, and 46235 the lowest at $1,076.
- What is the property tax rate in Indianapolis, IN?
- Owner-occupied homes in Marion County pay a typical 0.91% of their value a year (Census ACS, median taxes paid ÷ median home value, Dec 31, 2024). Investors often pay more after a purchase: the home is reassessed at the sale price and there is no homestead exemption.
- What is the current 30-year mortgage rate?
- The 30-year fixed rate averaged 7.24% in the week of Oct 29, 2026 (Freddie Mac PMMS via FRED). It's a national average for owner-occupied loans; investment property loans usually cost more.
- Where do these Indianapolis rent figures come from?
- HUD Small Area Fair Market Rents (Oct 1, 2026), Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).