Rent by ZIP · Marion County
Rent in Indianapolis, IN 46224
HUD's FY2027 Small Area Fair Market Rent for a 2-bedroom here is $1,470 (+7.3% vs FY2026). Renters in this ZIP code pay a median $1,095 a month, including utilities.
Rent by number of bedrooms
| Size | SAFMR FY2027 | FY2026 | Change | Typical voucher range | Census median rent |
|---|---|---|---|---|---|
| Studio | $1,140 | $1,040 | +9.6% | $1,026–1,254 | $820 ±$100 |
| 1 bedroom | $1,280 | $1,180 | +8.5% | $1,152–1,408 | $955 ±$59 |
| 2 bedrooms | $1,470 | $1,370 | +7.3% | $1,323–1,617 | $1,142 ±$35 |
| 3 bedrooms | $1,910 | $1,770 | +7.9% | $1,719–2,101 | $1,489 ±$138 |
| 4 bedrooms | $2,320 | $2,170 | +6.9% | $2,088–2,552 | $1,193 ±$344 |
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 46224
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 |
|---|---|---|---|
| 46225 | Indianapolis | $1,420 | $1,064 |
| 46222 | Indianapolis | $1,420 | $1,091 |
| 46226 | Indianapolis | $1,440 | $1,131 |
| 46221 | Indianapolis | $1,480 | $1,038 |
| 46227 | Indianapolis | $1,370 | $1,044 |
| 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.