Anderson, IN Rental Market Trends
Highlights
The average rent for an apartment in Anderson is $744, a 4% increase compared to the previous year, when the average rent was $714.
Average Rent in Anderson, IN
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $744 | 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
- $501-$70033%
- $701-$1,00066%
Anderson, IN Occupied Housing Units
- Renter-occupied Households43%
- Owner-occupied Households56%
10,003 or 43% of the households in Anderson, IN are renter-occupied while 13,064 or 56% are owner-occupied.
Anderson, IN Rent Trends
| Average Rent | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | Mar / 2020 | Jul / 2020 | Mar / 2021 |
|---|---|---|---|---|---|---|---|---|---|
| Anderson, IN | $682 | $684 | $683 | $686 | $695 | $714 | $715 | $725 | $744 |
| National | $1,311 | $1,342 | $1,351 | $1,356 | $1,388 | $1,395 | $1,397 | $1,389 | $1,392 |
Average Rent in Anderson, IN By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Blairs Green Acres | $770 |
| Brian F Maladys | $770 |
| Edgewood | $770 |
| Elmhurst | $770 |
| Forest Hills | $770 |
| Greenbriar Park | $770 |
| Keystone Woods | $770 |
| Oak Hill | $770 |
| Oak Park | $770 |
| Perkinsville | $770 |
| Rosewood | $770 |
| South Edgewood | $770 |
| Van Buskirk Heights | $770 |
| Western Village | $770 |
| Prosperity Heights | $759 |
| Brentwood | $751 |
| Grandview | $751 |
| Davis Acres | $749 |
| Eastern Heights | $749 |
| Eastland | $749 |
| Emerald Glen | $749 |
| Extension Heights | $749 |
| Fairfax | $749 |
| Glyn Ellen | $749 |
| Heather Heights | $749 |
| Helmick | $749 |
| Heron Pointe | $749 |
| Highland Heights | $749 |
| Highland Park | $749 |
| Hillcrest | $749 |
| Indian Meadows | $749 |
| Kentwood Manor | $749 |
| Killbuck Terrace | $749 |
| Lakes at Killbuck | $749 |
| Mount Hope | $749 |
| Municipal Airport | $749 |
| Norwood Hills | $749 |
| Oakdale | $749 |
| River Park | $749 |
| Rolling Hills | $749 |
| Salyers Golden Acres | $749 |
| Wantland Manor | $749 |
| Del Mar Estates | $748 |
| Meadowbrook | $742 |
| Alliance Crossing | $737 |
| Apple Downs | $737 |
| Clearview | $737 |
| Crestlawn | $737 |
| Fall Creek Heights | $737 |
| Fox Trace | $737 |
| Greystone | $737 |
| Hilltop Heights | $737 |
| Meadowbrook Manor | $737 |
| Norris Heights | $737 |
| Paramount Springs | $737 |
| Scarlet Lakes | $737 |
| Scatterfield Village | $737 |
| South Main Village | $737 |
| Village Colony | $737 |
| Gridley | $730 |
| Downtown Anderson | $650 |
| Irondale | $650 |
The most affordable neighborhoods in Anderson are Downtown Anderson, where the average rent goes for $650/month, Irondale, where renters pay $650/mo on average, and Gridley, where the average rent goes for $730/mo. If you’re looking for other great deals, check out the listings from Alliance Crossing ($737), Apple Downs ($737), and Clearview ($737), where the asking prices are below the average Anderson rent of $744/mo.
The most expensive neighborhoods in Anderson are South Edgewood ($770), Van Buskirk Heights ($770) and Western Village ($770).
The most popular neighborhood in Anderson is Brentwood, where there are 1 verified RENTCafé listings with an average rent of $751. Next up is Clearview, where apartments go for $737/month, followed by Downtown Anderson with $650 If you’re looking to rent in Anderson’s most popular neighborhoods, make sure to also check out Extension Heights, where renters pay $749 on average, and Hillcrest, where the average monthly rent is $749.
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 | $737 |
|---|
Apple Downs rent is 1% lower than Anderson average
| Average Rent | $737 |
|---|
How Anderson Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Indianapolis | $942 | 5% |
| South Bend | $1,022 | 7% |
| Bloomington | $1,128 | n/a |
| Fort Wayne | $838 | 5% |
| Greenwood | $913 | 3% |
| Lawrence | $794 | 6% |
| Fishers | $1,199 | 5% |
| Noblesville | $1,098 | 4% |
| Anderson | $744 | 4% |
| Muncie | $910 | 1% |
| Greenfield | $878 | 5% |
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!