- For $1,000, you’ll get about 57% more apartment space in Indiana than the 592 square foot average in the 100 most populous U.S. cities.
- Of the 32 Indiana cities included in our research, Clarksville and Zionsville had the largest and smallest apartments, respectively, for $1,000.
- Use the calculator at the end of the article to find out how much space you can rent in Indiana, whatever your budget.
Undeniably, space is something that we all came to appreciate in the past year during the pandemic, as it became increasingly more important for everyone, especially apartment dwellers.
So, RENTCafé analysts reviewed how much space you could rent across Indiana for $1,000, which is close to the state’s average monthly rent of $966. Based on Yardi Matrix data — and a bit of research — we’ve highlighted the cities where apartments offer the most and least bang for your buck.
It turns out that Indiana is a great place to call home, as most cities here offer rather spacious apartments. On average, you can get 930 sq. ft. of living space for $1,000 in the state, more than the 592 sq. ft. you can rent for the same amount in the top 100 most populous cities. This means that Indiana apartments offer 57% more space for the same price.
We put together the following infographic, which compares apartment sizes in the 32 Indiana cities included in our study. The size of the tiles represents the actual proportion of apartment space available for $1,000.
Throughout the state, the size of apartments you can rent on a $1,000 budget varies from 790 sq. ft. in Zionsville to almost twice as much space in Clarksville (1,212). Falling on opposite ends of our ranking, these two Indiana cities are 165 miles away from one another with Zionsville in the Central part of the state and Clarksville in the South.
Top 5 Cities with Most Apartment Space for $1,000
Clarksville, located in the Louisville metro, is where you can find the most apartment space in the state, of 1,212 sq. ft., for that fixed amount. The city has an average rent of $774 — one of the lowest in Indiana — making this community of almost 22,000 people an affordable place to live in.
Meanwhile, $1,000 can also pay for generous amounts of square footage in other cities, like New Albany (1,182) — a suburb of Louisville —, as well as Anderson (1,165), a city 40 miles away from Indianapolis. Fort Wayne and Elkhart also made the top 5, with 1,051 sq. ft. and 1,034 sq. ft., respectively.
All of these cities boast local average rents between $774 and $880 — below the state’s average — making them great choices for those looking for ample apartment space and lower rents.
Top 5 Cities with Least Apartment Space for $1,000
Conversely, the least space you can get for the same money in Indiana is usually in cities where rents are higher, but overall the quality of apartments is better and they are generally considered to be more desirable locations. For example, Zionsville — where rents go for an average of $1,273 a month — offers around 790 sq. ft. for $1,000.
Next up are Bloomington and Granger — 200 miles away from one another — are both among the cities in the state where you get less space for that money, but you’ll live in some of the most sought-after locations. Specifically, in Bloomington you get only 800 sq. ft. and in Granger, only 805 sq. ft. for the monthly rent of $1,000.
The top 5 is closed by Crown Point and West Lafayette where the same amount will get you smaller apartments of 813 sq. ft. and 814 sq. ft., respectively. So, if you do decide to choose one of these cities, know that you’ll need to shell out between $1,098 and $1,301 for the monthly rent. On the plus side, you’ll be enjoying better locations, so that’s definitely something worth considering.
What You Can Rent for $1,000 in Indiana’s Largest Metro
Here’s how much space you can get for $1,000 in Indiana’s largest metro:
In the Indianapolis metro, Anderson apartments tend to offer more living space for that money. Here, you can get 1,165 sq. ft. for the monthly rent of $1,000. Beech Grove and Greenfield also prove to be great cities to live in because the space you could get here would also be substantially large of 1,032 sq. ft. and 1,024 sq. ft., respectively.
Meanwhile, apartments in Zionsville (790 sq. ft.), Carmel (825) and Avon (844) offer the least space in the Indianapolis metro.
See How Much Space You Can Get on Your Budget
Want to find out how much space you can afford based on your budget in these 32 Indiana cities? Use the calculator below.
What apartment size can you rent on your budget?
- This report was prepared by RENTCafé, a nationwide apartment search website that enables renters to easily find apartments and houses for rent throughout the United States.
- To compile this report, we analyzed average rent price and apartment size data provided by Yardi Matrix, RENTCafé’s sister company that researches and reports on large-scale multifamily properties of 50+ units. Yardi Matrix is a business development and asset management tool for brokers, sponsors, banks and equity sources underwriting investments in the multifamily, office, industrial and self-storage sectors.
- State average rent and apartment size information is based on data for 234,000 market rate units and 1,100 multifamily properties across the entire state of Indiana.
- The average apartment space per $1,000 of rent was calculated by dividing $1,000 by the average cost of rent per square foot in 32 Indiana cities with a statistically relevant sample size of apartments.