Porter, IN Rental Market Trends
Highlights
The average rent for an apartment in Porter is $954, a 2% increase compared to the previous year, when the average rent was $934.
Average Rent in Porter, IN
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $954 | 2% | 971 sq. ft. |
The average size for a Porter, IN apartment is 971 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.
Porter, IN Apartment Rent Ranges
- $501-$70020%
- $701-$1,00041%
- $1,001-$1,50038%
Porter, IN Occupied Housing Units
- Renter-occupied Households21%
- Owner-occupied Households78%
356 or 21% of the households in Porter, IN are renter-occupied while 1,292 or 78% are owner-occupied.
Porter, IN Rent Trends
| Average Rent | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | Mar / 2020 | Jul / 2020 | Mar / 2021 |
|---|---|---|---|---|---|---|---|---|---|
| Porter, IN | $859 | $859 | $893 | $897 | $903 | $934 | $932 | $943 | $954 |
| National | $1,311 | $1,342 | $1,351 | $1,356 | $1,388 | $1,395 | $1,397 | $1,389 | $1,392 |
How Porter Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Chicago | $1,809 | -7% |
| Indianapolis | $942 | 5% |
| South Bend | $1,022 | 7% |
| Greenwood | $913 | 3% |
| Bloomington | $1,128 | n/a |
| Fort Wayne | $838 | 5% |
| Merrillville | $1,095 | 9% |
| Portage | $952 | 6% |
| Valparaiso | $1,013 | 4% |
| Gary | $760 | 5% |
| Porter | $954 | 2% |
For more information about the Porter 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!