Rent by ZIP · Hendricks County
Rent in Indianapolis, IN 46234
HUD's FY2027 Small Area Fair Market Rent for a 2-bedroom here is $1,850 (+3.9% vs FY2026). Renters in this ZIP code pay a median $1,559 a month, including utilities.
Rent by number of bedrooms
| Size | SAFMR FY2027 | FY2026 | Change | Typical voucher range | Census median rent |
|---|---|---|---|---|---|
| Studio | $1,430 | $1,350 | +5.9% | $1,287–1,573 | $2,644 ±$2,286 |
| 1 bedroom | $1,610 | $1,530 | +5.2% | $1,449–1,771 | $1,498 ±$864 |
| 2 bedrooms | $1,850 | $1,780 | +3.9% | $1,665–2,035 | $1,449 ±$133 |
| 3 bedrooms | $2,400 | $2,300 | +4.3% | $2,160–2,640 | $1,580 ±$180 |
| 4 bedrooms | $2,920 | $2,830 | +3.2% | $2,628–3,212 | $1,921 ±$352 |
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 46234
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 |
|---|---|---|---|
| 46235 | Indianapolis | $1,310 | $842 |
| 46236 | Indianapolis | $2,300 | $1,741 |
| 46231 | Indianapolis | $1,980 | – |
| 46237 | Indianapolis | $1,730 | $1,382 |
| 46229 | Indianapolis | $1,350 | $1,028 |
| 46239 | Indianapolis | $1,790 | $1,445 |
Fair Market Rents across Hendricks 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.