Rent by ZIP · Marion County
Rent in Indianapolis, IN 46220
HUD's FY2027 Small Area Fair Market Rent for a 2-bedroom here is $1,790 (+5.9% vs FY2026). Renters in this ZIP code pay a median $1,376 a month, including utilities.
Rent by number of bedrooms
| Size | SAFMR FY2027 | FY2026 | Change | Typical voucher range | Census median rent |
|---|---|---|---|---|---|
| Studio | $1,380 | $1,280 | +7.8% | $1,242–1,518 | $1,506 ±$886 |
| 1 bedroom | $1,560 | $1,450 | +7.6% | $1,404–1,716 | $1,166 ±$76 |
| 2 bedrooms | $1,790 | $1,690 | +5.9% | $1,611–1,969 | $1,406 ±$52 |
| 3 bedrooms | $2,320 | $2,190 | +5.9% | $2,088–2,552 | $1,543 ±$174 |
| 4 bedrooms | $2,830 | $2,680 | +5.6% | $2,547–3,113 | $1,774 ±$433 |
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 46220
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 |
|---|---|---|---|
| 46219 | Indianapolis | $1,420 | $1,108 |
| 46221 | Indianapolis | $1,480 | $1,038 |
| 46218 | Indianapolis | $1,330 | $1,042 |
| 46222 | Indianapolis | $1,420 | $1,091 |
| 46217 | Indianapolis | $1,790 | $1,382 |
| 46216 | Indianapolis | $1,700 | $1,238 |
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.