Anderson, IN Rental Market Trends
Highlights
The average rent for an apartment in Anderson is $715, a 4% increase compared to the previous year, when the average rent was $686.
Average Rent in Anderson, IN
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $715 | 4% | 903 sq. ft. |
The average size for a Anderson, IN 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.
Anderson, IN Apartment Rent Ranges
- < $5002%
- $501-$70040%
- $701-$1,00058%
Anderson, IN Occupied Housing Units
- Renter-occupied Households42%
- Owner-occupied Households57%
9,699 or 42% of the households in Anderson, IN are renter-occupied while 13,387 or 57% are owner-occupied.
Anderson, IN Rent Trends
| Average Rent | Mar / 2017 | Jul / 2017 | Nov / 2017 | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | May / 2020 |
|---|---|---|---|---|---|---|---|---|---|---|
| Anderson, IN | $667 | $656 | $669 | $682 | $684 | $683 | $686 | $695 | $714 | $715 |
| National | $1,337 | $1,368 | $1,371 | $1,374 | $1,408 | $1,417 | $1,422 | $1,458 | $1,466 | $1,468 |
Average Rent in Anderson, IN By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Irondale | $632 |
| Downtown Anderson | $632 |
| Gridley | $704 |
| Wantland Manor | $710 |
| Salyers Golden Acres | $710 |
| Rolling Hills | $710 |
| River Park | $710 |
| Oakdale | $710 |
| Norwood Hills | $710 |
| Municipal Airport | $710 |
| Mount Hope | $710 |
| Lakes at Killbuck | $710 |
| Killbuck Terrace | $710 |
| Kentwood Manor | $710 |
| Indian Meadows | $710 |
| Hillcrest | $710 |
| Highland Park | $710 |
| Highland Heights | $710 |
| Heron Pointe | $710 |
| Helmick | $710 |
| Heather Heights | $710 |
| Glyn Ellen | $710 |
| Fairfax | $710 |
| Extension Heights | $710 |
| Emerald Glen | $710 |
| Eastland | $710 |
| Eastern Heights | $710 |
| Davis Acres | $710 |
| Village Colony | $711 |
| South Main Village | $711 |
| Scatterfield Village | $711 |
| Scarlet Lakes | $711 |
| Paramount Springs | $711 |
| Norris Heights | $711 |
| Meadowbrook Manor | $711 |
| Hilltop Heights | $711 |
| Greystone | $711 |
| Fox Trace | $711 |
| Fall Creek Heights | $711 |
| Crestlawn | $711 |
| Clearview | $711 |
| Apple Downs | $711 |
| Alliance Crossing | $711 |
| Meadowbrook | $717 |
| Del Mar Estates | $722 |
| Prosperity Heights | $726 |
| Grandview | $728 |
| Brentwood | $728 |
| Western Village | $746 |
| Van Buskirk Heights | $746 |
| South Edgewood | $746 |
| Rosewood | $746 |
| Perkinsville | $746 |
| Oak Park | $746 |
| Oak Hill | $746 |
| Keystone Woods | $746 |
| Greenbriar Park | $746 |
| Forest Hills | $746 |
| Elmhurst | $746 |
| Edgewood | $746 |
| Brian F Maladys | $746 |
| Blairs Green Acres | $746 |
The most affordable neighborhoods in Anderson are Downtown Anderson, where the average rent goes for $632/month, Irondale, where renters pay $632/mo on average, and Gridley, where the average rent goes for $704/mo. If you’re looking for other great deals, check out the listings from Davis Acres ($710), Eastern Heights ($710), and Eastland ($710), where the asking prices are below the average Anderson rent of $715/mo.
The most expensive neighborhoods in Anderson are South Edgewood ($746), Van Buskirk Heights ($746) and Western Village ($746).
The most popular neighborhood in Anderson is Brentwood, where there are 1 verified RENTCafé listings with an average rent of $728. Next up is Downtown Anderson, where apartments go for $632/month, followed by Meadowbrook with $717 If you’re looking to rent in Anderson’s most popular neighborhoods, make sure to also check out Scarlet Lakes, where renters pay $711 on average, and Scatterfield Village, where the average monthly rent is $711.
Anderson | Rent Comparison by Neighborhood
Rent in Alliance Crossing is the same as in Apple Downs
Alliance Crossing rent is 1% lower than Anderson average
| Average Rent | $711 |
|---|
Apple Downs rent is 1% lower than Anderson average
| Average Rent | $711 |
|---|
How Anderson Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Indianapolis | $902 | 5% |
| Bloomington | $1,126 | 2% |
| Fort Wayne | $802 | 6% |
| Greenwood | $871 | 5% |
| South Bend | $963 | 6% |
| Lawrence | $770 | 10% |
| Fishers | $1,168 | 7% |
| Noblesville | $1,058 | 6% |
| Anderson | $715 | 4% |
| Greenfield | $836 | 3% |
| Muncie | $892 | -1% |
For more information about the Anderson rental trends, check out our monthly rent report
Check out Indiana Cities, Indiana Neighborhoods and Indiana Zip Codes for more details on verified listings, including the Indiana Average Rent.
Curious about listings in your area? Check out our apartments near you for more details!