Portage City, IN Rental Market Trends
Last updated: November 19, 2025 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Portage City is $1,335, a 8.86% increase compared to the previous year, when the average rent was $1,226.
Studio Apartments at $1,092 offer the most budget-friendly option with 362 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 711 square feet for $1,222, balancing privacy and affordability.
Two-beedroom units at $1,372 offer 961 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,298 sq ft) for $1,672, suitable for larger households.
Average rent in Portage City, IN
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,335 | 885 sq. ft. |
| Studio | $1,092 | 362 sq. ft. |
| 1 Bed | $1,222 | 711 sq. ft. |
| 2 Beds | $1,372 | 961 sq. ft. |
| 3 Beds | $1,672 | 1,298 sq. ft. |
Portage City, IN rent trends
Rental prices in Portage City, IN have increased by 8.86% over the past year. The average rent moved from $1,226 to $1,335.
What's the typical rent budget in Portage City, IN?
The largest share of rentals in Portage City, IN (65%) 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 Portage City, IN?
4,213 or 28% of the households in Portage City, IN are renter-occupied while 10,734 or 72% are owner-occupied.
How Portage City Compares to Other Cities
| City | Average Rent |
|---|---|
| Portage City | $1,335 |
| Indianapolis | $1,250 |
| Evansville | $1,024 |
| Bloomington | $1,595 |
| Fort Wayne | $1,126 |
| New Albany | $1,114 |
| Lafayette | $1,168 |
| Jeffersonville | $1,223 |
| South Bend | $1,343 |
| Greenwood | $1,372 |
| Hammond | $1,224 |
| Gary | $956 |
| Crown Point | $1,668 |
| Merrillville, IN | $1,369 |
| Chicago Heights, IL | $1,238 |
| Michigan City, IN | $965 |
| Lansing, IL | $1,251 |
| Valparaiso, IN | $1,392 |
| Hobart, IN | $1,367 |
| Calumet City, IL | $1,123 |
| La Porte, IN | $1,280 |
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 Portage City 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.