Merrillville, IN Rental Market Trends
Highlights
The average rent for an apartment in Merrillville is $991, a 5% increase compared to the previous year, when the average rent was $948.
Average Rent in Merrillville, IN
Last updated Aug 2019
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $991 | 5% | 912 sq. ft. |
The average size for a Merrillville, IN apartment is 912 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.
Merrillville, IN Apartment Rent Ranges
- $501-$7002%
- $701-$1,00058%
- $1,001-$1,50037%
- $1,501-$2,0004%
Merrillville, IN Occupied Housing Units
- Renter-occupied Households38%
- Owner-occupied Households61%
5,354 or 38% of the households in Merrillville, IN are renter-occupied while 8,598 or 61% are owner-occupied.
Merrillville, IN Rent Trends
| Average Rent | May / 2016 | Sept / 2016 | Jan / 2017 | May / 2017 | Sept / 2017 | Jan / 2018 | May / 2018 | Sept / 2018 | Jan / 2019 | Aug / 2019 |
|---|---|---|---|---|---|---|---|---|---|---|
| Merrillville, IN | $933 | $936 | $948 | $959 | $949 | $956 | $948 | $967 | $998 | $991 |
| National | $1,344 | $1,352 | $1,347 | $1,379 | $1,381 | $1,382 | $1,418 | $1,427 | $1,430 | $1,466 |
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How Does Merrillville Compare to Nearby Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Merrillville | $991 | 5% |
| Gary | $701 | 1% |
| Hammond | $850 | 4% |
| Hobart | $937 | 5% |
| Hobart City | $937 | 5% |
| Crown Point | $972 | 8% |
| Crown Point City | $972 | 8% |
| Griffith | $915 | 6% |
| Lowell | $1,197 | 24% |
| Lowell Town | $1,197 | 24% |
For more information about the Merrillville rental trends, check out our monthly rent report
Cheapest Listings on RENTCafé
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 ~90% of the U.S. metro area population, including ~17 million apartments across more than 130 U.S. markets.