Disclaimer: Covid-19 may have impacted rent prices in a way that is not yet reflected in our reports. When referencing the data published on this page, please keep in mind that the data provided here may not accurately depict the current reality of the market.
Merrillville, IN Rental Market Trends
What is the average rent in Merrillville?
The average rent for an apartment in Merrillville is $1,117, a 12% increase compared to the previous year, when the average rent was $1,000.
Average Rent in Merrillville, IN
Last updated June 2021
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $1,117 | 12% | 912 sq. ft. |
What is the average apartment size in Merrillville?
The average size for a Merrillville, IN apartment is 912 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.
Merrillville, IN Apartment Rent Ranges
- $501-$7001%
- $701-$1,00028%
- $1,001-$1,50064%
- $1,501-$2,0006%
- > $2,0001%
Merrillville, IN Occupied Housing Units
- Renter-occupied Households40%
- Owner-occupied Households59%
5,626 or 40% of the households in Merrillville, IN are renter-occupied while 8,424 or 59% are owner-occupied.
Merrillville, 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Merrillville, IN | $956 | $948 | $967 | $998 | $991 | $1,001 | $1,000 | $1,021 | $1,095 | $1,117 |
| National | $1,314 | $1,345 | $1,354 | $1,358 | $1,390 | $1,397 | $1,400 | $1,392 | $1,396 | $1,407 |
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How Merrillville 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% |
| Merrillville | $1,117 | 12% |
Most Popular Apartments in Merrillville
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Merrillville apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.