Merrillville, IN Rental Market Trends
Highlights
The average rent for an apartment in Merrillville is $1,000, a change amounting to approximately 0% compared to the previous year.
Average Rent in Merrillville, IN
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $1,000 | 0% | 912 sq. ft. |
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-$7002%
- $701-$1,00057%
- $1,001-$1,50037%
- $1,501-$2,0005%
Merrillville, IN Occupied Housing Units
- Renter-occupied Households39%
- Owner-occupied Households60%
5,432 or 39% of the households in Merrillville, IN are renter-occupied while 8,452 or 60% are owner-occupied.
Merrillville, 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Merrillville, IN | $948 | $959 | $949 | $956 | $948 | $967 | $998 | $991 | $1,001 | $1,000 |
| National | $1,337 | $1,368 | $1,371 | $1,374 | $1,408 | $1,417 | $1,422 | $1,458 | $1,466 | $1,468 |
How Merrillville Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Chicago | $1,943 | 2% |
| Indianapolis | $902 | 5% |
| South Bend | $963 | 6% |
| Naperville | $1,501 | 5% |
| Bloomington | $1,126 | 2% |
| Fishers | $1,168 | 7% |
| Fort Wayne | $802 | 6% |
| Chicago Heights | $921 | 13% |
| Merrillville | $1,000 | n/a |
| Calumet City | $890 | 3% |
| Lansing | $988 | 5% |
For more information about the Merrillville 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!