Indiana Rental Market Trends

Q: What are the most popular cities in Indiana?

The most popular city in Indiana is Indianapolis , where there are 330 listings with an average rent of $1,221. Next up is Greenwood , where apartments go for $1,281/month, followed by New Albany with $1,075 If you’re looking to rent in Indiana’s most popular cities, make sure to also check out Bloomington , where renters pay $1,609 on average, and Fort Wayne , where the average monthly rent is $1,146.

What is the average rent in Indiana?

The average rent for an apartment in Indiana is $1,276. The cost of rent varies depending on several factors, including location, size, and quality.

Average rent in Indiana

Last updated July 2024

Average Rent	Average Apartment Size
$1,276	903 sq. ft.

What is the average apartment size in Indiana?

The average size for an Indiana apartment is 903 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.

Indiana apartment rent ranges

Indiana Occupied Housing Units

793,030 or 30% of the households in Indiana are renter-occupied while 1,860,566 or 70% are owner-occupied.

Indiana rent trends

Access comprehensive real estate data and information on Yardi Matrix

Average Rent in Indiana By City

City	Average Rent
West Lafayette	$1,857
Zionsville	$1,658
Carmel	$1,658
Highland	$1,624
Bloomington	$1,609
Whitestown	$1,608
Westfield	$1,567
Fishers	$1,555
Noblesville	$1,521
Avon	$1,521
Lowell	$1,497
Brownsburg	$1,478
Danville	$1,470
Plainfield	$1,464
McCordsville	$1,445
Crown Point	$1,439
Camby	$1,401
Bargersville	$1,394
Franklin	$1,377
Merrillville	$1,357
Valparaiso	$1,327
Fortville	$1,318
Hobart	$1,297
South Bend	$1,292
Chesterton	$1,289
Greenwood	$1,281
Schererville	$1,263
Pendleton	$1,252
Greenfield	$1,248
Indianapolis	$1,221
Warsaw	$1,215
Portage	$1,200
Jeffersonville	$1,170
Lawrenceburg	$1,161
Muncie	$1,160
Hammond	$1,153
Griffith	$1,153
Fort Wayne	$1,146
Angola	$1,101
Lawrence	$1,089
Lafayette	$1,076
New Albany	$1,075
Dyer	$1,074
Munster	$1,042
Lebanon	$1,041
Elkhart	$1,034
Mooresville	$1,033
Auburn	$1,030
Alexandria	$1,024
Martinsville	$1,011
Anderson	$1,002
Columbia City	$992
Bluffton	$982
Cicero	$967
Decatur	$953
Shelbyville	$936
Bremen	$918
Gary	$909
Kendallville	$873
Plymouth	$864
Daleville	$854
Corydon	$851
Rising Sun	$843
Syracuse	$827
Ligonier	$826
Huntington	$807
Fowler	$800
Frankfort	$749
Edinburgh	$677
Rochester	$638

What are the most affordable cities in Indiana?

The most affordable cities in Indiana are Rochester, where the average rent goes for $638/month, Edinburgh, where renters pay $677/mo on average, and Frankfort, where the average rent goes for $749/mo. If you’re looking for other great deals, check out the listings from Fowler ($800), Huntington ($807), and Ligonier ($826), where the asking prices are below the average Indiana rent of $1,276/mo.

What are the most expensive cities in Indiana?

The most expensive cities in Indiana are Carmel ($1,658), Zionsville ($1,658) and West Lafayette ($1,857).

What are the most popular cities in Indiana?

The most popular city in Indiana is Indianapolis, where there are 330 listings with an average rent of $1,221. Next up is Greenwood, where apartments go for $1,281/month, followed by New Albany with $1,075 If you’re looking to rent in Indiana’s most popular cities, make sure to also check out Bloomington, where renters pay $1,609 on average, and Fort Wayne, where the average monthly rent is $1,146.

Indiana | Rent Comparison by City

Rent in Alexandria is 2% higher than in Anderson

$1,024

Alexandria rent is 20% lower than Indiana average

Average Rent $1,024

$1,002

Anderson rent is 21% lower than Indiana average

Average Rent $1,002

How Indiana Compares to Other States

State	Average Rent	Average Apartment Size
Alabama	$1,289	985 sq. ft.
Alaska	$1,483	704 sq. ft.
Arizona	$1,582	847 sq. ft.
Arkansas	$1,080	894 sq. ft.
California	$2,555	852 sq. ft.
Colorado	$1,914	871 sq. ft.
Connecticut	$1,992	892 sq. ft.
Delaware	$1,627	909 sq. ft.
District of Columbia	$2,441	748 sq. ft.
Florida	$1,955	971 sq. ft.
Georgia	$1,606	1,016 sq. ft.
Hawaii	$2,677	845 sq. ft.
Idaho	$1,593	913 sq. ft.
Illinois	$1,940	836 sq. ft.
Indiana	$1,276	903 sq. ft.
Iowa	$1,209	893 sq. ft.
Kansas	$1,227	903 sq. ft.
Kentucky	$1,278	930 sq. ft.
Louisiana	$1,218	915 sq. ft.
Maine	$1,947	842 sq. ft.
Maryland	$1,841	903 sq. ft.
Massachusetts	$2,819	890 sq. ft.
Michigan	$1,324	916 sq. ft.
Minnesota	$1,537	887 sq. ft.
Mississippi	$1,304	1,015 sq. ft.
Missouri	$1,273	899 sq. ft.
Montana	$1,584	869 sq. ft.
Nebraska	$1,261	933 sq. ft.
Nevada	$1,526	900 sq. ft.
New Hampshire	$2,070	882 sq. ft.
New Jersey	$2,267	856 sq. ft.
New Mexico	$1,353	829 sq. ft.
New York	$2,722	842 sq. ft.
North Carolina	$1,528	963 sq. ft.
North Dakota	$1,057	957 sq. ft.
Ohio	$1,261	896 sq. ft.
Oklahoma	$1,019	856 sq. ft.
Oregon	$1,748	852 sq. ft.
Pennsylvania	$1,696	888 sq. ft.
Rhode Island	$2,084	927 sq. ft.
South Carolina	$1,590	1,002 sq. ft.
South Dakota	$1,127	901 sq. ft.
Tennessee	$1,487	949 sq. ft.
Texas	$1,447	881 sq. ft.
Utah	$1,612	920 sq. ft.
Vermont	$2,107	813 sq. ft.
Virginia	$1,956	920 sq. ft.
Washington	$2,028	835 sq. ft.
West Virginia	$1,282	989 sq. ft.
Wisconsin	$1,525	903 sq. ft.
Wyoming	$1,185	877 sq. ft.