Gary, IN Rental Market Trends
What is the average rent in Gary?
The average rent for an apartment in Gary is $803, a 11% increase compared to the previous year, when the average rent was $727.
Average Rent in Gary, IN
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $803 | 11% | 749 sq. ft. |
What is the average apartment size in Gary?
The average size for a Gary, IN apartment is 749 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.
Gary, IN Apartment Rent Ranges
- $501-$70027%
- $701-$1,00062%
- $1,001-$1,5009%
- $1,501-$2,0002%
Gary, IN Occupied Housing Units
- Renter-occupied Households41%
- Owner-occupied Households58%
13,182 or 41% of the households in Gary, IN are renter-occupied while 18,333 or 58% are owner-occupied.
Gary, IN Rent Trends
| Average Rent | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | Mar / 2020 | Jul / 2020 | Nov / 2020 | Jun / 2021 |
|---|---|---|---|---|---|---|---|---|---|---|
| Gary, IN | $697 | $697 | $673 | $695 | $701 | $723 | $727 | $721 | $760 | $803 |
| National | $1,314 | $1,345 | $1,354 | $1,358 | $1,390 | $1,397 | $1,400 | $1,392 | $1,396 | $1,407 |
Average Rent in Gary, IN By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Downtown Gary | $1,264 |
| Emerson | $1,264 |
| Pulaski | $963 |
| Gary - Chicago Airport | $930 |
| Aetna | $825 |
| Miller | $825 |
| University Park | $784 |
| Brunswick | $727 |
| West Side Gary | $727 |
| Black Oak | $723 |
| Ambridge Mann | $722 |
| Tolleston | $722 |
| Midtown Gary | $713 |
What are the most affordable neighborhoods in Gary?
The most affordable neighborhoods in Gary are Midtown Gary, where the average rent goes for $713/month, Ambridge Mann, where renters pay $722/mo on average, and Tolleston, where the average rent goes for $722/mo. If you’re looking for other great deals, check out the listings from Black Oak ($723), Brunswick ($727), and West Side Gary ($727), where the asking prices are below the average Gary rent of $803/mo.
What are the most expensive neighborhoods in Gary?
The most expensive neighborhoods in Gary are Pulaski ($963), Downtown Gary ($1,264) and Emerson ($1,264).
What are the most popular neighborhoods in Gary?
The most popular neighborhood in Gary is Aetna, where there are 1 verified RENTCafé listings with an average rent of $825. Next up is Downtown Gary, where apartments go for $1,264/month, followed by Emerson with $1,264 If you’re looking to rent in Gary’s most popular neighborhoods, make sure to also check out Midtown Gary, where renters pay $713 on average, and Miller, where the average monthly rent is $825.
Gary | Rent Comparison by Neighborhood
Rent in Aetna is 14% higher than in Ambridge Mann
Aetna rent is 3% higher than Gary average
| Average Rent | $825 |
|---|
Ambridge Mann rent is 10% lower than Gary average
| Average Rent | $722 |
|---|
How Gary Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Chicago | $1,908 | -4% |
| Indianapolis | $956 | 5% |
| Oak Park | $1,859 | -4% |
| Evanston | $1,936 | n/a |
| Lafayette | $823 | 1% |
| South Bend | $1,034 | 9% |
| Fort Wayne | $861 | 8% |
| Greenwood | $925 | 6% |
| Naperville | $1,589 | 6% |
| Riverdale | $812 | 5% |
| Gary | $803 | 11% |