Where rents are rising fastest in the Indianapolis area
Rents, 1-year change, September 2026 · Zillow ZORI (Sep 2026), seasonally adjusted (Zillow) · updated 2026-11-15
Rents rose over the past year in 49 of the 54 ZIP codes in the Indianapolis area with figures; the median change was +3.7%.
The largest rise was 11.8% in ZIP code 46235 (Indianapolis, IN), and the tenth-largest was 7.2% in ZIP code 46060 (Noblesville, IN).
Rents rose 3.7% across the Indianapolis area and rose 2.9% nationally over the same 12 months.
Where rents are rising fastest in the Indianapolis area: the first 30 of 49
| Rank | ZIP code | Rents, 1-year change | Typical rent (monthly) | Home values, 1-year change |
|---|---|---|---|---|
| 1 | 46235Indianapolis, IN | +11.8% | $1,781 | −2.0% |
| 2 | 46052Lebanon, IN | +10.6% | $1,819 | +4.2% |
| 3 | 46032Carmel, IN | +10.4% | $1,773 | +5.3% |
| 4 | 46033Carmel, IN | +9.6% | $2,189 | +4.5% |
| 5 | 46226Indianapolis, IN | +9.2% | $1,197 | −3.0% |
| 6 | 46037Fishers, IN | +8.3% | $2,054 | +1.4% |
| 7 | 46280Carmel, IN | +8.3% | $1,886 | +3.5% |
| 8 | 46077Zionsville, IN | +8.1% | $1,890 | +6.3% |
| 9 | 46075Whitestown, IN | +7.3% | $2,133 | +1.0% |
| 10 | 46060Noblesville, IN | +7.2% | $1,696 | +2.0% |
| 11 | 46074Westfield, IN | +6.7% | $1,959 | +3.3% |
| 12 | 46229Indianapolis, IN | +6.3% | $1,678 | −2.4% |
| 13 | 46012Anderson, IN | +5.9% | $1,207 | +2.7% |
| 14 | 46216Lawrence, IN | +5.9% | $1,491 | +0.3% |
| 15 | 46140Greenfield, IN | +5.7% | $1,651 | +1.7% |
| 16 | 46202Indianapolis, IN | +5.6% | $1,457 | +0.1% |
| 17 | 46201Indianapolis, IN | +5.1% | $1,221 | −4.0% |
| 18 | 46131Franklin, IN | +4.8% | $1,694 | +2.1% |
| 19 | 46205Indianapolis, IN | +4.5% | $1,296 | −1.6% |
| 20 | 46203Indianapolis, IN | +4.4% | $1,458 | −1.8% |
| 21 | 46239Indianapolis, IN | +4.4% | $1,985 | −0.2% |
| 22 | 46112Brownsburg, IN | +4.3% | $1,853 | +1.4% |
| 23 | 46062Noblesville, IN | +4.0% | $1,820 | +2.3% |
| 24 | 46250Indianapolis, IN | +3.9% | $1,333 | +0.1% |
| 25 | 46176Shelbyville, IN | +3.8% | $1,083 | +0.3% |
| 26 | 46218Indianapolis, IN | +3.8% | $1,233 | −2.6% |
| 27 | 46142Greenwood, IN | +3.7% | $1,435 | +1.6% |
| 28 | 46208Indianapolis, IN | +3.7% | $1,363 | −7.0% |
| 29 | 46168Plainfield, IN | +3.6% | $1,703 | +1.6% |
| 30 | 46143Greenwood, IN | +3.5% | $1,601 | +0.8% |
- Under +1.0%
- +1.0% to +3.0%
- +3.0% to +4.0%
- +4.0% to +6.0%
- +6.0% or more
- Not ranked
More rankings for the Indianapolis area
- Cheapest ZIP codes
- Most expensive ZIP codes
- Where home prices are falling
- Where home prices are rising fastest
- Cheapest rent by ZIP code
- Highest rent by ZIP code
- Richest ZIP codes (household income)
- Cheapest suburbs
- Most expensive suburbs
- Richest suburbs (household income)
- Largest suburbs (population)
- Indianapolis metro area: all figures
Where rents are rising fastest in other metro areas
- New York, NY
- Los Angeles, CA
- Chicago, IL
- Dallas, TX
- Houston, TX
- Atlanta, GA
- Washington, DC
- Miami, FL
- Philadelphia, PA
- Phoenix, AZ
- Boston, MA
- Riverside, CA
- San Francisco, CA
- Detroit, MI
- Seattle, WA
- Minneapolis, MN
- Tampa, FL
- San Diego, CA
- Denver, CO
- Orlando, FL
- Charlotte, NC
- Baltimore, MD
- St. Louis, MO
- San Antonio, TX
- Austin, TX
- Portland, OR
- Sacramento, CA
- Pittsburgh, PA
- Las Vegas, NV
- Cincinnati, OH
- Kansas City, MO
- Columbus, OH
- Nashville, TN
- Cleveland, OH
- San Jose, CA
- Virginia Beach, VA
- Jacksonville, FL
- Providence, RI
- Raleigh, NC
- Milwaukee, WI
- Oklahoma City, OK
- Louisville, KY
- Richmond, VA
- Memphis, TN
- Salt Lake City, UT
- Fresno, CA
- Birmingham, AL
- Grand Rapids, MI
- Buffalo, NY
Source and method
Rents, 1-year change: Zillow ZORI (Sep 2026), seasonally adjusted (Zillow); figures for September 2026. ZIP codes with at least 1,000 residents and a published figure are ranked (54 of them in the Indianapolis area). This page lists only the 49 where the figure rose. The metro area is the Indianapolis-Carmel-Greenwood, IN metropolitan statistical area. Place names for ZIP codes are the neighborhood or city the ZIP code mostly covers. Compiled by Home Economics.
Zillow's "typical" home value and rent are index values for the middle of the market (the Zillow Home Value Index and Observed Rent Index), not median sale prices or asking rents. One-year changes are over the 12 months to September 2026. Income and population come from the Census Bureau's American Community Survey and carry sampling error, most of all in small places.