Gary, IN Rental Market Trends
Highlights
The average rent for an apartment in Gary is $727, a 5% increase compared to the previous year, when the average rent was $695.
Average Rent in Gary, IN
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $727 | 5% | 747 sq. ft. |
The average size for a Gary, IN apartment is 747 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-$70053%
- $701-$1,00039%
- $1,001-$1,5007%
Gary, IN Occupied Housing Units
- Renter-occupied Households41%
- Owner-occupied Households58%
12,932 or 41% of the households in Gary, IN are renter-occupied while 18,457 or 58% are owner-occupied.
Gary, IN Rent Trends
| Average Rent | Mar / 2017 | Jul / 2017 | Nov / 2017 | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | Feb / 2020 |
|---|---|---|---|---|---|---|---|---|---|---|
| Gary, IN | $685 | $672 | $687 | $697 | $697 | $673 | $695 | $701 | $723 | $727 |
| National | $1,337 | $1,368 | $1,371 | $1,374 | $1,408 | $1,417 | $1,422 | $1,458 | $1,466 | $1,468 |
Average Rent in Gary, IN By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Tolleston | $656 |
| Ambridge Mann | $656 |
| Black Oak | $669 |
| Midtown Gary | $693 |
| West Side Gary | $704 |
| Brunswick | $704 |
| Miller | $736 |
| Aetna | $736 |
| University Park | $761 |
| Gary - Chicago Airport | $836 |
| Pulaski | $857 |
| Emerson | $1,071 |
| Downtown Gary | $1,071 |
The most affordable neighborhoods in Gary are Ambridge Mann, where the average rent goes for $656/month, Tolleston, where renters pay $656/mo on average, and Black Oak, where the average rent goes for $669/mo. If you’re looking for other great deals, check out the listings from Midtown Gary ($693), Brunswick ($704), and West Side Gary ($704), where the asking prices are below the average Gary rent of $727/mo.
The most expensive neighborhoods in Gary are Pulaski ($857), Downtown Gary ($1,071) and Emerson ($1,071).
The most popular neighborhood in Gary is Aetna, where there are 1 verified RENTCafé listings with an average rent of $736. Next up is Downtown Gary, where apartments go for $1,071/month, followed by Miller with $736 If you’re looking to rent in Gary’s most popular neighborhoods, make sure to also check out University Park, where renters pay $761 on average, and Ambridge Mann, where the average monthly rent is $656.
Gary | Rent Comparison by Neighborhood
Rent in Aetna is 12% higher than in Ambridge Mann
Aetna rent is 1% higher than Gary average
| Average Rent | $736 |
|---|
Ambridge Mann rent is 10% lower than Gary average
| Average Rent | $656 |
|---|
How Gary Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Chicago | $1,943 | 2% |
| Indianapolis | $902 | 5% |
| Bloomington | $1,126 | 2% |
| South Bend | $963 | 6% |
| Naperville | $1,501 | 5% |
| Fishers | $1,168 | 7% |
| Fort Wayne | $802 | 6% |
| Calumet City | $890 | 3% |
| Chicago Heights | $921 | 13% |
| Merrillville | $1,000 | n/a |
| Gary | $727 | 5% |
For more information about the Gary 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!