Zip codes with the most expensive rent in Indianapolis

Written by:
Stacker
March 11, 2021
Arina P Habich // Shutterstock

Zip codes with the most expensive rent in Indianapolis

In response to the coronavirus pandemic, the Census Bureau in April 2020 launched a Household Pulse Survey providing weekly updates on how individuals and families have been affected during the pandemic. Data show ongoing difficulties in finding work, affording food, and paying the rent. Meanwhile, the pandemic has created a "seesaw effect" on rent, with rental rates in the most expensive U.S. cities dropping while rental rates have gone up in historically less expensive areas.

Stacker compiled a list of zip codes with the most expensive rent in Indianapolis using data from Zillow. Cities are ranked by the Zillow Observed Rent Index as of January 2021. Listings and images are from realtor.com. Keep reading to see whether your zip code made the list.

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#23. 46201 (Indianapolis)

- Typical rent: $832
--- 38.2% less than typical rent in metro
- 1 year rent change: +10.5%
--- #2 fastest growing rent among zip codes in metro
- 10 year rent change: +31.6%

- Pictured (for rent): 1103 Sterling St, Indianapolis 46201 ($2,000, 3 bedrooms)

#22. 46219 (Indianapolis)

- Typical rent: $868
--- 35.5% less than typical rent in metro
- 1 year rent change: +7.6%
--- #7 fastest growing rent among zip codes in metro
- 10 year rent change: +29.2%

- Pictured (for rent): 340 N Arlington Ave, Indianapolis 46219 ($1,800, 3 bedrooms)

#21. 46224 (Indianapolis)

- Typical rent: $871
--- 35.3% less than typical rent in metro
- 1 year rent change: +6.3%
--- #12 fastest growing rent among zip codes in metro
- 10 year rent change: +20.1%

- Pictured (for rent): 2121 Gerrard St, Speedway 46224 ($1,645, 4 bedrooms)

#20. 46222 (Indianapolis)

- Typical rent: $876
--- 34.9% less than typical rent in metro
- 1 year rent change: +6.4%
--- #11 fastest growing rent among zip codes in metro
- 10 year rent change: +22.3%

- Pictured (for rent): 208 Haugh St, Indianapolis 46222 ($1,895, 3 bedrooms)

#19. 46208 (Indianapolis)

- Typical rent: $963
--- 28.5% less than typical rent in metro
- 1 year rent change: +9.1%
--- #3 fastest growing rent among zip codes in metro
- 10 year rent change: +38.0%

- Pictured (for rent): 325 W 44th St, Indianapolis 46208 ($2,999, 5 bedrooms)
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#18. 46226 (Indianapolis)

- Typical rent: $984
--- 26.9% less than typical rent in metro
- 1 year rent change: +7.7%
--- #6 fastest growing rent among zip codes in metro
- 10 year rent change: +23.5%

- Pictured (for rent): 5209 White Ln, Indianapolis 46226 ($1,130, 3 bedrooms)

#17. 46203 (Indianapolis)

- Typical rent: $1,039
--- 22.8% less than typical rent in metro
- 1 year rent change: +6.8%
--- #10 fastest growing rent among zip codes in metro
- 10 year rent change: +34.2%

- Pictured (for rent): 612 Stevens St, Indianapolis 46203 ($4,250, 4 bedrooms)

#16. 46205 (Indianapolis)

- Typical rent: $1,271
--- 5.6% less than typical rent in metro
- 1 year rent change: +11.9%
--- #1 fastest growing rent among zip codes in metro
- 10 year rent change: +37.3%

- Pictured (for rent): 3554 Central Ave, Indianapolis 46205 ($2,400, 4 bedrooms)

#15. 46235 (Indianapolis)

- Typical rent: $1,295
--- 3.8% less than typical rent in metro
- 1 year rent change: +7.6%
--- #8 fastest growing rent among zip codes in metro
- 10 year rent change: +25.4%

- Pictured (for rent): 3672 N Newgate Ln, Indianapolis 46235 ($775, 2 bedrooms)

#14. 46254 (Indianapolis)

- Typical rent: $1,309
--- 2.7% less than typical rent in metro
- 1 year rent change: +0.6%
--- #23 fastest growing rent among zip codes in metro
- 10 year rent change: +15.6%

- Pictured (for rent): 6002 Tybalt Dr, Indianapolis 46254 ($1,775, 4 bedrooms)
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#13. 46202 (Indianapolis)

- Typical rent: $1,326
--- 1.5% less than typical rent in metro
- 1 year rent change: +0.7%
--- #22 fastest growing rent among zip codes in metro
- 10 year rent change: +16.0%

- Pictured (for rent): 234 N Davidson St, Indianapolis 46202 ($7,995, 10 bedrooms)

#12. 46131 (Franklin)

- Typical rent: $1,384
--- 2.8% above typical rent in metro
- 1 year rent change: +7.7%
--- #5 fastest growing rent among zip codes in metro
- 10 year rent change: +21.1%

- Pictured (for sale): 389 N Water St, Franklin 46131 ($235,000, 3 bedrooms)

#11. 46237 (Indianapolis)

- Typical rent: $1,416
--- 5.2% above typical rent in metro
- 1 year rent change: +8.9%
--- #4 fastest growing rent among zip codes in metro
- 10 year rent change: +23.1%

- Pictured (for rent): 6827 Amber Springs Way, Indianapolis 46237 ($1,650, 5 bedrooms)

#10. 46168 (Plainfield)

- Typical rent: $1,428
--- 6.1% above typical rent in metro
- 1 year rent change: +5.8%
--- #15 fastest growing rent among zip codes in metro
- 10 year rent change: +19.5%

- Pictured (for sale): 11405 W Tulip Dr, Plainfield 46168 ($175,000, 3 bedrooms)

#9. 46220 (Indianapolis)

- Typical rent: $1,461
--- 8.5% above typical rent in metro
- 1 year rent change: +2.6%
--- #20 fastest growing rent among zip codes in metro
- 10 year rent change: +16.3%

- Pictured (for rent): 6740 Spirit Lake Dr Unit 201, Indianapolis 46220 ($3,495, 3 bedrooms)
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#8. 46234 (Indianapolis)

- Typical rent: $1,479
--- 9.9% above typical rent in metro
- 1 year rent change: +5.8%
--- #14 fastest growing rent among zip codes in metro
- 10 year rent change: +13.2%

- Pictured (for rent): 1721 Redbay Dr, Indianapolis 46234 ($1,950, 3 bedrooms)

#7. 46060 (Noblesville)

- Typical rent: $1,522
--- 13.1% above typical rent in metro
- 1 year rent change: +6.3%
--- #13 fastest growing rent among zip codes in metro
- 10 year rent change: +17.9%

- Pictured (for rent): 12371 Deerview Dr, Noblesville 46060 ($1,700, 3 bedrooms)

#6. 46062 (Noblesville)

- Typical rent: $1,524
--- 13.2% above typical rent in metro
- 1 year rent change: +5.2%
--- #16 fastest growing rent among zip codes in metro
- 10 year rent change: +12.5%

- Pictured (for rent): 5610 Doe Way, Noblesville 46062 ($1,895, 3 bedrooms)

#5. 46268 (Indianapolis)

- Typical rent: $1,556
--- 15.6% above typical rent in metro
- 1 year rent change: +3.0%
--- #19 fastest growing rent among zip codes in metro
- 10 year rent change: +12.1%

- Pictured (for sale): 6398 Robinsrock Dr, Indianapolis 46268 ($299,900, 4 bedrooms)

#4. 46077 (Zionsville)

- Typical rent: $1,591
--- 18.2% above typical rent in metro
- 1 year rent change: +1.9%
--- #21 fastest growing rent among zip codes in metro
- 10 year rent change: +11.6%

- Pictured (for rent): 969 Yorkshire Ln, Zionsville 46077 ($2,595, 3 bedrooms)
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#3. 46038 (Fishers)

- Typical rent: $1,616
--- 20.1% above typical rent in metro
- 1 year rent change: +4.6%
--- #17 fastest growing rent among zip codes in metro
- 10 year rent change: +11.0%

- Pictured (for rent): 8240 E 116th St, Fishers 46038 ($3,100, 3 bedrooms)

#2. 46037 (Fishers)

- Typical rent: $1,639
--- 21.8% above typical rent in metro
- 1 year rent change: +7.3%
--- #9 fastest growing rent among zip codes in metro
- 10 year rent change: +17.2%

- Pictured (for rent): 13519 134th St, Fishers 46037 ($2,500, 3 bedrooms)

#1. 46032 (Carmel)

- Typical rent: $1,881
--- 39.7% above typical rent in metro
- 1 year rent change: +3.9%
--- #18 fastest growing rent among zip codes in metro
- 10 year rent change: +13.4%

- Pictured (for rent): 1641 Summerlakes Ct, Carmel 46032 ($4,250, 3 bedrooms)

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