Indiana Rental Market Trends
Last updated: April 22, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Indiana is $1,337, a 0.44% increase compared to the previous year, when the average rent was $1,331.
Studio Apartments at $1,024 offer the most budget-friendly option with 448 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 708 square feet for $1,158, balancing privacy and affordability.
Two-beedroom units at $1,374 offer 997 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,296 sq ft) for $1,708, suitable for larger households.
Average rent in Indiana
Last updated: April 22, 2026
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,337 | 908 sq. ft. |
| Studio | $1,024 | 448 sq. ft. |
| 1 Bed | $1,158 | 708 sq. ft. |
| 2 Beds | $1,374 | 997 sq. ft. |
| 3 Beds | $1,708 | 1,296 sq. ft. |
Indiana rent trends
What's the typical rent budget in Indiana?
The largest share of rentals in Indiana (54%) 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?
795,052 or 30% of the households in Indiana are renter-occupied while 1,886,485 or 70% are owner-occupied.
How Indiana Compares to Other States
| State | Average Rent | Average Apartment Size |
|---|---|---|
| Alabama | $1,318 | 991 sq. ft. |
| Arizona | $1,562 | 863 sq. ft. |
| Arkansas | $1,144 | 895 sq. ft. |
| California | $2,640 | 853 sq. ft. |
| Colorado | $1,818 | 876 sq. ft. |
| Connecticut | $2,149 | 897 sq. ft. |
| Delaware | $1,707 | 921 sq. ft. |
| District of Columbia | $2,457 | 748 sq. ft. |
| Florida | $1,971 | 982 sq. ft. |
| Georgia | $1,633 | 1,026 sq. ft. |
| Idaho | $1,670 | 929 sq. ft. |
| Illinois | $2,049 | 839 sq. ft. |
| Indiana | $1,337 | 908 sq. ft. |
| Iowa | $1,240 | 897 sq. ft. |
| Kansas | $1,323 | 909 sq. ft. |
| Kentucky | $1,324 | 932 sq. ft. |
| Louisiana | $1,259 | 924 sq. ft. |
| Maine | $2,057 | 837 sq. ft. |
| Maryland | $1,883 | 907 sq. ft. |
| Massachusetts | $2,832 | 881 sq. ft. |
| Michigan | $1,408 | 920 sq. ft. |
| Minnesota | $1,646 | 893 sq. ft. |
| Mississippi | $1,330 | 1,010 sq. ft. |
| Missouri | $1,351 | 901 sq. ft. |
| Montana | $1,697 | 886 sq. ft. |
| Nebraska | $1,351 | 934 sq. ft. |
| Nevada | $1,549 | 909 sq. ft. |
| New Hampshire | $2,146 | 877 sq. ft. |
| New Jersey | $2,414 | 871 sq. ft. |
| New Mexico | $1,404 | 836 sq. ft. |
| New York | $2,584 | 876 sq. ft. |
| North Carolina | $1,551 | 978 sq. ft. |
| North Dakota | $1,159 | 964 sq. ft. |
| Ohio | $1,337 | 901 sq. ft. |
| Oklahoma | $1,072 | 859 sq. ft. |
| Oregon | $1,742 | 845 sq. ft. |
| Pennsylvania | $1,797 | 889 sq. ft. |
| Rhode Island | $2,191 | 920 sq. ft. |
| South Carolina | $1,623 | 1,015 sq. ft. |
| South Dakota | $1,200 | 911 sq. ft. |
| Tennessee | $1,528 | 953 sq. ft. |
| Texas | $1,448 | 892 sq. ft. |
| Utah | $1,627 | 929 sq. ft. |
| Virginia | $1,993 | 923 sq. ft. |
| Washington | $2,027 | 829 sq. ft. |
| Wisconsin | $1,615 | 919 sq. ft. |
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Popular Cities in Indiana
- Apartments in Anderson $1,074
- Apartments in Avon $1,566
- Apartments in Bloomington $1,699
- Apartments in Brownsburg $1,623
- Apartments in Carmel $1,679
- Apartments in Columbus $1,321
- Apartments in Crawfordsville $1,129
- Apartments in Crown Point $1,595
- Apartments in Elkhart $1,145
- Apartments in Evansville $1,035
- Apartments in Fishers $1,640
- Apartments in Fort Wayne $1,161
- Apartments in Franklin $1,449
- Apartments in Gary $990
- Apartments in Greenfield $1,334
- Apartments in Greenwood $1,367
- Apartments in Hammond $1,288
- Apartments in Hobart $1,337
- Apartments in Indianapolis $1,266
- Apartments in Jeffersonville $1,246
- Apartments in Kokomo $1,051
- Apartments in La Porte $1,240
- Apartments in Lafayette $1,180
- Apartments in Lawrence $1,200
- Apartments in Lebanon $1,361
- Apartments in McCordsville $1,711
- Apartments in Merrillville $1,416
- Apartments in Michigan City $1,002
- Apartments in Muncie $1,245
- Apartments in New Albany $1,121
- Apartments in Newburgh $1,203
- Apartments in Noblesville $1,570
- Apartments in Plainfield $1,560
- Apartments in Portage $1,361
- Apartments in South Bend $1,389
- Apartments in Valparaiso $1,404
- Apartments in Warsaw $1,312
- Apartments in West Lafayette $1,881
- Apartments in Westfield $1,652
- Apartments in Whitestown $1,686
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.