Rent by ZIP · Marion County
Rent in Indianapolis, IN 46229
HUD's FY2027 Small Area Fair Market Rent for a 2-bedroom here is $1,350 (+3.8% vs FY2026). Renters in this ZIP code pay a median $1,069 a month, including utilities.
Rent by number of bedrooms
| Size | SAFMR FY2027 | FY2026 | Change | Typical voucher range | Census median rent |
|---|---|---|---|---|---|
| Studio | $1,040 | $990 | +5.1% | $936–1,144 | $829 ±$321 |
| 1 bedroom | $1,170 | $1,120 | +4.5% | $1,053–1,287 | $850 ±$101 |
| 2 bedrooms | $1,350 | $1,300 | +3.8% | $1,215–1,485 | $1,028 ±$91 |
| 3 bedrooms | $1,750 | $1,680 | +4.2% | $1,575–1,925 | $1,623 ±$234 |
| 4 bedrooms | $2,130 | $2,060 | +3.4% | $1,917–2,343 | $2,039 ±$322 |
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 46229
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 |
|---|---|---|---|
| 46228 | Indianapolis | $1,830 | $1,397 |
| 46227 | Indianapolis | $1,370 | $1,044 |
| 46231 | Indianapolis | $1,980 | – |
| 46226 | Indianapolis | $1,440 | $1,131 |
| 46225 | Indianapolis | $1,420 | $1,064 |
| 46224 | Indianapolis | $1,470 | $1,142 |
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.