Rent by ZIP · Marion County
Rent in Indianapolis, IN 46237
HUD's FY2027 Small Area Fair Market Rent for a 2-bedroom here is $1,730 (+6.8% vs FY2026). Renters in this ZIP code pay a median $1,279 a month, including utilities.
Rent by number of bedrooms
| Size | SAFMR FY2027 | FY2026 | Change | Typical voucher range | Census median rent |
|---|---|---|---|---|---|
| Studio | $1,340 | $1,230 | +8.9% | $1,206–1,474 | $951 ±$56 |
| 1 bedroom | $1,500 | $1,390 | +7.9% | $1,350–1,650 | $1,079 ±$85 |
| 2 bedrooms | $1,730 | $1,620 | +6.8% | $1,557–1,903 | $1,382 ±$78 |
| 3 bedrooms | $2,240 | $2,100 | +6.7% | $2,016–2,464 | $1,469 ±$254 |
| 4 bedrooms | $2,730 | $2,570 | +6.2% | $2,457–3,003 | $1,939 ±$246 |
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 46237
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 |
|---|---|---|---|
| 46236 | Indianapolis | $2,300 | $1,741 |
| 46235 | Indianapolis | $1,310 | $842 |
| 46239 | Indianapolis | $1,790 | $1,445 |
| 46234 | Indianapolis | $1,850 | $1,449 |
| 46240 | Indianapolis | $1,820 | $1,453 |
| 46241 | Indianapolis | $1,480 | $1,116 |
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.