Merrillville, IN Rental Market Trends
Last updated: November 18, 2025 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Merrillville is $1,369, a 1.35% increase compared to the previous year, when the average rent was $1,350.
Studio Apartments at $895 offer the most budget-friendly option with 489 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 767 square feet for $1,283, balancing privacy and affordability.
Two-beedroom units at $1,415 offer 1,000 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,331 sq ft) for $1,916, suitable for larger households.
Average rent in Merrillville, IN
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,369 | 910 sq. ft. |
| Studio | $895 | 489 sq. ft. |
| 1 Bed | $1,283 | 767 sq. ft. |
| 2 Beds | $1,415 | 1,000 sq. ft. |
| 3 Beds | $1,916 | 1,331 sq. ft. |
Merrillville, IN rent trends
Rental prices in Merrillville, IN have increased by 1.35% over the past year. The average rent moved from $1,350 to $1,369.
What's the typical rent budget in Merrillville, IN?
The largest share of rentals in Merrillville, IN (67%) fall between $1,001-$1,500 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Merrillville, IN?
4,852 or 31% of the households in Merrillville, IN are renter-occupied while 10,573 or 69% are owner-occupied.
How Merrillville Compares to Other Cities
| City | Average Rent |
|---|---|
| Merrillville | $1,369 |
| Indianapolis | $1,250 |
| Evansville | $1,024 |
| Bloomington | $1,595 |
| Fort Wayne | $1,126 |
| New Albany | $1,114 |
| Lafayette | $1,168 |
| Jeffersonville | $1,223 |
| Hammond | $1,224 |
| South Bend | $1,343 |
| Greenwood | $1,372 |
| Gary | $956 |
| Crown Point | $1,668 |
| Matteson, IL | $2,437 |
| Chicago Heights, IL | $1,238 |
| Lansing, IL | $1,251 |
| Valparaiso, IN | $1,392 |
| Hobart, IN | $1,367 |
| Calumet City, IL | $1,123 |
| Portage, IN | $1,335 |
| Riverdale, IL | $1,096 |
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Merrillville apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.