Rent by ZIP · Marion County
Rent in Indianapolis, IN 46278
HUD's FY2027 Small Area Fair Market Rent for a 2-bedroom here is $2,300 (+33.7% vs FY2026). Renters in this ZIP code pay a median $1,589 a month, including utilities.
Rent by number of bedrooms
| Size | SAFMR FY2027 | FY2026 | Change | Typical voucher range | Census median rent |
|---|---|---|---|---|---|
| Studio | $1,780 | $1,310 | +35.9% | $1,602–1,958 | – |
| 1 bedroom | $2,000 | $1,480 | +35.1% | $1,800–2,200 | – |
| 2 bedrooms | $2,300 | $1,720 | +33.7% | $2,070–2,530 | – |
| 3 bedrooms | $2,980 | $2,230 | +33.6% | $2,682–3,278 | $1,946 ±$468 |
| 4 bedrooms | $3,630 | $2,730 | +33% | $3,267–3,993 | – |
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 46278
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 |
|---|---|---|---|
| 46280 | Indianapolis | $2,180 | $1,975 |
| 46268 | Indianapolis | $1,570 | $1,377 |
| 46260 | Indianapolis | $1,560 | $1,179 |
| 46259 | Indianapolis | $1,590 | – |
| 46256 | Indianapolis | $1,500 | $1,314 |
| 46254 | Indianapolis | $1,370 | $1,141 |
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.