Rent by ZIP · Marion County
Rent in Indianapolis, IN 46214
HUD's FY2027 Small Area Fair Market Rent for a 2-bedroom here is $1,440 (+6.7% vs FY2026). Renters in this ZIP code pay a median $1,196 a month, including utilities.
Rent by number of bedrooms
| Size | SAFMR FY2027 | FY2026 | Change | Typical voucher range | Census median rent |
|---|---|---|---|---|---|
| Studio | $1,110 | $1,020 | +8.8% | $999–1,221 | $953 ±$65 |
| 1 bedroom | $1,250 | $1,160 | +7.8% | $1,125–1,375 | $969 ±$87 |
| 2 bedrooms | $1,440 | $1,350 | +6.7% | $1,296–1,584 | $1,292 ±$125 |
| 3 bedrooms | $1,870 | $1,750 | +6.9% | $1,683–2,057 | $1,556 ±$180 |
| 4 bedrooms | $2,270 | $2,140 | +6.1% | $2,043–2,497 | $1,763 ±$309 |
Small Area FMRs for the Indianapolis-Carmel, IN HUD Metro FMR Area. Fair Market Rents include utilities. The voucher range is the typical 90–110% band; your housing authority sets the actual payment standard.
Area-wide FMR for Indianapolis-Carmel, IN HUD Metro FMR Area, 2 bedrooms: $1,536.
What renters pay in 46214
How rents are spread
Share of renter households paying cash rent, by monthly gross rent (rent plus utilities).
Nearby ZIP codes
| ZIP | Place | 2-bedroom FMR | Census median, 2 bedrooms |
|---|---|---|---|
| 46216 | Indianapolis | $1,700 | $1,238 |
| 46217 | Indianapolis | $1,790 | $1,382 |
| 46218 | Indianapolis | $1,330 | $1,042 |
| 46219 | Indianapolis | $1,420 | $1,108 |
| 46208 | Indianapolis | $1,400 | $1,090 |
| 46220 | Indianapolis | $1,790 | $1,406 |
Fair Market Rents across Marion County, IN · All IN counties · What is Fair Market Rent?
Sources: HUD Small Area and county Fair Market Rents, FY2027 (effective October 1, 2026); U.S. Census Bureau, 2020–2024 ACS 5-year estimates. Census figures are survey estimates (±90% margin of error) and trail today's market. Place name from GeoNames. About the data.