Indiana Rental Market Trends
Last updated: August 31, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Indiana is $1,352, a 1.81% increase compared to the previous year, when the average rent was $1,328.
Studio Apartments at $1,027 offer the most budget-friendly option with 448 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 710 square feet for $1,171, balancing privacy and affordability.
Two-bedroom units at $1,392 offer 1,001 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,301 sq ft) for $1,727, suitable for larger households.
Average rent in Indiana
Last updated: August 31, 2026
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,352 | 911 sq. ft. |
| Studio | $1,027 | 448 sq. ft. |
| 1 Bed | $1,171 | 710 sq. ft. |
| 2 Beds | $1,392 | 1,001 sq. ft. |
| 3 Beds | $1,727 | 1,301 sq. ft. |
Indiana rent trends
What's the typical rent budget in Indiana?
The largest share of rentals in Indiana (52%) fall between $1,001-$1,500 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Indiana?
799,766 or 29% of the households in Indiana are renter-occupied while 1,916,243 or 71% are owner-occupied.
How Indiana Compares to Other States
| State | Average Rent | Average Apartment Size |
|---|---|---|
| Alabama | $1,337 | 994 sq. ft. |
| Arizona | $1,572 | 867 sq. ft. |
| Arkansas | $1,165 | 895 sq. ft. |
| California | $2,685 | 854 sq. ft. |
| Colorado | $1,850 | 878 sq. ft. |
| Connecticut | $2,201 | 899 sq. ft. |
| Delaware | $1,732 | 928 sq. ft. |
| District of Columbia | $2,447 | 746 sq. ft. |
| Florida | $1,998 | 986 sq. ft. |
| Georgia | $1,658 | 1,029 sq. ft. |
| Idaho | $1,708 | 934 sq. ft. |
| Illinois | $2,071 | 841 sq. ft. |
| Indiana | $1,352 | 911 sq. ft. |
| Iowa | $1,262 | 900 sq. ft. |
| Kansas | $1,344 | 909 sq. ft. |
| Kentucky | $1,354 | 936 sq. ft. |
| Louisiana | $1,260 | 917 sq. ft. |
| Maine | $2,087 | 830 sq. ft. |
| Maryland | $1,896 | 908 sq. ft. |
| Massachusetts | $2,857 | 882 sq. ft. |
| Michigan | $1,437 | 920 sq. ft. |
| Minnesota | $1,671 | 896 sq. ft. |
| Mississippi | $1,339 | 1,011 sq. ft. |
| Missouri | $1,376 | 902 sq. ft. |
| Montana | $1,763 | 898 sq. ft. |
| Nebraska | $1,374 | 934 sq. ft. |
| Nevada | $1,573 | 913 sq. ft. |
| New Hampshire | $2,219 | 887 sq. ft. |
| New Jersey | $2,470 | 874 sq. ft. |
| New Mexico | $1,441 | 841 sq. ft. |
| New York | $2,643 | 883 sq. ft. |
| North Carolina | $1,579 | 980 sq. ft. |
| North Dakota | $1,193 | 965 sq. ft. |
| Ohio | $1,367 | 903 sq. ft. |
| Oklahoma | $1,080 | 859 sq. ft. |
| Oregon | $1,756 | 844 sq. ft. |
| Pennsylvania | $1,828 | 890 sq. ft. |
| Rhode Island | $2,224 | 922 sq. ft. |
| South Carolina | $1,655 | 1,017 sq. ft. |
| South Dakota | $1,217 | 912 sq. ft. |
| Tennessee | $1,561 | 956 sq. ft. |
| Texas | $1,453 | 894 sq. ft. |
| Utah | $1,663 | 935 sq. ft. |
| Virginia | $2,016 | 924 sq. ft. |
| Washington | $2,062 | 831 sq. ft. |
| Wisconsin | $1,658 | 927 sq. ft. |
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Popular Cities in Indiana
- Apartments in Anderson $1,063
- Apartments in Avon $1,595
- Apartments in Bloomington $1,695
- Apartments in Brownsburg $1,661
- Apartments in Carmel $1,713
- Apartments in Columbus $1,314
- Apartments in Crown Point $1,686
- Apartments in Elkhart $1,170
- Apartments in Evansville $1,027
- Apartments in Fishers $1,667
- Apartments in Fort Wayne $1,193
- Apartments in Franklin $1,483
- Apartments in Gary $1,010
- Apartments in Greenfield $1,400
- Apartments in Greenwood $1,379
- Apartments in Hammond $1,253
- Apartments in Hobart $1,339
- Apartments in Indianapolis $1,268
- Apartments in Jeffersonville $1,259
- Apartments in Kokomo $1,037
- Apartments in La Porte $1,233
- Apartments in Lafayette $1,201
- Apartments in Lawrence $1,203
- Apartments in Lebanon $1,381
- Apartments in McCordsville $1,751
- Apartments in Merrillville $1,503
- Apartments in Michigan City $1,125
- Apartments in Muncie $1,335
- Apartments in New Albany $1,114
- Apartments in Newburgh $1,223
- Apartments in Noblesville $1,605
- Apartments in Plainfield $1,607
- Apartments in Portage $1,362
- Apartments in Shelbyville $1,133
- Apartments in South Bend $1,426
- Apartments in Valparaiso $1,416
- Apartments in Warsaw $1,356
- Apartments in West Lafayette $1,825
- Apartments in Westfield $1,710
- Apartments in Whitestown $1,873
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Indiana apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.