Portage, IN Rental Market Trends
Highlights
The average rent for an apartment in Portage is $894, a 6% increase compared to the previous year, when the average rent was $845.
Average Rent in Portage, IN
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $894 | 6% | 888 sq. ft. |
The average size for a Portage, IN apartment is 888 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.
Portage, IN Apartment Rent Ranges
- $501-$70025%
- $701-$1,00046%
- $1,001-$1,50029%
- $1,501-$2,0001%
Portage, IN Occupied Housing Units
- Renter-occupied Households31%
- Owner-occupied Households68%
4,519 or 31% of the households in Portage, IN are renter-occupied while 9,804 or 68% are owner-occupied.
Portage, IN Rent Trends
| Average Rent | Nov / 2016 | Mar / 2017 | Jul / 2017 | Nov / 2017 | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Dec / 2019 |
|---|---|---|---|---|---|---|---|---|---|---|
| Portage, IN | $826 | $816 | $824 | $823 | $832 | $832 | $845 | $899 | $895 | $894 |
| National | $1,353 | $1,349 | $1,381 | $1,383 | $1,386 | $1,421 | $1,430 | $1,434 | $1,470 | $1,476 |
How Portage Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Indianapolis | $887 | 4% |
| Greenwood | $883 | 7% |
| Fort Wayne | $787 | 4% |
| Noblesville | $1,052 | 5% |
| Avon | $1,141 | 8% |
| Merrillville | $1,001 | 4% |
| Valparaiso | $976 | 2% |
| Valparaiso City | $976 | 2% |
| Gary | $723 | 7% |
| Crown Point | $983 | 6% |
| Portage | $894 | 6% |
For more information about the Portage 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!