Gary, IN Rental Market Trends
Highlights
The average rent for an apartment in Gary is $673, a 2% decrease compared to the previous year, when the average rent was $687.
Average Rent in Gary, IN
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $673 | -2% | 828 sq. ft. |
The average size for a Gary, IN apartment is 828 square feet, but this number varies greatly depending on apartment type. 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.
Gary, IN Apartment Rent Ranges
- $501-$70073%
- $701-$1,00021%
- $1,001-$1,5006%
Gary, IN Rent Trends
| Average Rent | Jan / 2016 | May / 2016 | Sept / 2016 | Jan / 2017 | May / 2017 | Sept / 2017 | Jan / 2018 | May / 2018 | May / 2019 |
|---|---|---|---|---|---|---|---|---|---|
| Gary, IN | $658 | $673 | $683 | $685 | $672 | $687 | $697 | $697 | $673 |
| National | $1,290 | $1,319 | $1,334 | $1,329 | $1,354 | $1,366 | $1,366 | $1,381 | $1,396 |
Average Rent in Gary, IN By Neighborhood
| Average Rent | |||||
|---|---|---|---|---|---|
| Neighborhood | Average Rent | ||||
| Tolleston | $618 | ||||
| Ambridge Mann | $618 | ||||
| Black Oak | $643 | ||||
| Miller | $676 | ||||
| Aetna | $676 | ||||
| Midtown Gary | $690 | ||||
| West Side Gary | $712 | ||||
| Brunswick | $712 | ||||
| Pulaski | $734 | ||||
| Gary - Chicago Airport | $739 | ||||
| University Park | $754 | ||||
| Emerson | $788 | ||||
| Downtown Gary | $788 | ||||
The most affordable neighborhoods in Gary are Ambridge Mann, where the average rent goes for $618/month, Tolleston, where renters pay $618/mo on average, and Black Oak, where the average rent goes for $643/mo. If you’re looking for other great deals, check out the listings from Aetna ($676), Miller ($676), and Midtown Gary ($690), where the asking prices are below the average Gary rent of $673/mo.
The most expensive neighborhoods in Gary are University Park ($754), Downtown Gary ($788) and Emerson ($788).
Gary | Rent Comparison by Neighborhood
Rent in Aetna is 9% higher than in Ambridge Mann
Aetna rent is 1% higher than Gary average
| Average Rent | $676 |
|---|
Ambridge Mann rent is 8% lower than Gary average
| Average Rent | $618 |
|---|
How Does Gary Compare to Nearby Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Merrillville | $967 | 2% |
| Crown Point | $930 | 4% |
| Crown Point City | $930 | 4% |
| Hobart | $940 | 8% |
| Hobart City | $940 | 8% |
| Gary | $673 | -2% |
| Griffith | $889 | 2% |
| Lowell | $1,057 | 5% |
| Lowell Town | $1,057 | 5% |
| Dyer | $859 | n/a |
For more information about the Gary rental trends, check out our monthly rent report