Average Rent in 47404, Richland, IN

Current Versus Historical 47404, Richland, IN Rents

47404 rentals average $1,199 for a studio rental to $1,450 for a 4-bedroom rental. The median price of all currently available listings is $1,416, or roughly $2 per square feet.

For the apartment units and housing in April 2024, median rents have risen substantially over the last year. Studio rentals prices have increased by $247 (26.41%) year-over-year from $934 to $1,180. 1-bedroom rentals prices have increased by $164 (15.00%) year-over-year from $1,096 to $1,260. 2-bedroom rentals prices have increased by $315 (25.71%) year-over-year from $1,225 to $1,540. 3-bedroom rentals prices have increased by $100 (6.25%) year-over-year from $1,600 to $1,700. 4-bedroom rentals prices have decreased by $900 (-28.57%) year-over-year from $3,150 to $2,250. Note that this figure includes all active and rented listings throughout the month.

Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone down by 11.06% this month. 1-bedroom rents have gone up by 6.78% this month. 2-bedroom rents have gone down by 15.69% this month. 3-bedroom rents have gone down by 3.77% this month. 4-bedroom rents have gone down by 17.66% this month.

Beds	Price / Sqft	Apr 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$2.58	$1,180	$934 (26.41%)	$1,042 (13.20%)
1 BR	$1.90	$1,260	$1,096 (15.00%)	$806 (56.36%)
2 BR	$1.71	$1,540	$1,225 (25.71%)	$1,384 (11.26%)
3 BR	$1.57	$1,700	$1,600 (6.25%)	$1,170 (45.30%)
4+ BR	$0.78	$2,250	$3,150 (-28.57%)	$2,296 (-2.01%)

Historical Rents in 47404, Richland, IN

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near 47404

There are a total of 1 cities nearby 47404. The average rent in 47404 is currently $1,575 per month. Our records show that Bloomington, IN, with an average rent of $1,575, is the most affordable city nearby. In contrast, the most expensive city near 47404, Richland, IN is Bloomington, IN. Monthly rents here are on average $1,575 per month.

Let's compare 47404, Richland, IN's rent against other top cities nearby by bedroom size. Typically, rent for studios in 47404, Richland, IN is 2.21% more expensive than other cities nearby. One bedrooms are about 15.25% more expensive. Two bedrooms in 47404, Richland, IN are about 16.67% more expensive. Finally, rent for three bedrooms are about 1.97% more expensive. Want more information? Check out the top 1 cities near 47404, Richland, IN in the following chart.

City	Studio	1 Bed	2 Bed	All
Bloomington, IN	$1,173	$1,017	$1,500	$1,575

Top Neighborhoods Near 47404

There are a total of 1 neighborhoods in or near 47404. We've included all of these top 1 neighborhoods in or near 47404, Richland, IN in the following chart.

The average rent for these 1 neighborhoods in or near 47404, Richland, IN is currently around $2,000 per month. Meaning, only a single neighborhood out of these neighborhoods has a higher average rent. Interestingly, the neighborhoods' average rent is higher than 47404's average rent, which is only $1,416. Out of all the neighborhoods in or near 47404, Old Northeast has the most affordable average rent at $2,000 per month. Whereas, at $2,000 average rent per month, Old Northeast is the most expensive neighborhood in or near 47404. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Old Northeast, Bloomington, IN	$1,110	$1,198	$1,975	$2,000

Top Counties Near 47404

There are a total of 1 counties located by 47404, Richland, IN. The average rent for rentals in these counties is $1,619. That's roughly around $2 per sqft. The county that is the most affordable is Perry, IN. It's average rent per month is $1,500. Vice versa, with an average rent of $1,738, Bloomington, IN is the most expensive county by 47404, Richland, IN.

Typically, rent for studios in 47404, Richland, IN is 12.84% more expensive than other counties nearby. In comparison, rent for one bedroom listings in 47404, Richland, IN is 15.73% more expensive than other counties nearby. Finally, rent for two bedrooms in 47404, Richland, IN is 8.33% more expensive than other counties nearby. We've listed all of these counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Perry, IN	$875	$973	$1,450	$1,500
Bloomington, IN	$1,215	$1,050	$1,850	$1,738

Top Zipcodes Near 47404

There are a total of 2 zipcodes in or near 47404, Richland, IN. The average rent for all of these zipcodes is $1,625.

The following chart includes the top 2 zipcodes in 47404, Richland, IN. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
47408, Bloomington, IN	$1,468	$1,039	$1,849	$1,800
47403, Van Buren, IN	$875	$888	$1,388	$1,450

Frequently Asked Questions - 47404 Average Rents

What is the average rent price in 47404, Richland, IN?

The average monthly rental price for 47404, Richland, IN apartments for rent is approximately $1,416. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do 47404, Richland, IN rent prices drop in winter?

Yes! On average we see a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment for rent in 47404, Richland, IN.

How much is a studio apartment in 47404, Richland, IN?

The average monthly rental price for studio apartments is $1,199 and an average price per square feet of $2.58. There are a total of 19 studio apartment listings currently available for rent in 47404.

How much is a one bedroom apartment in 47404, Richland, IN?

The average monthly rental price for one bedroom apartments is $1,200 and an average price per square feet of $1.90. There are a total of 32 one bedroom apartment listings currently available for rent in 47404.

How much is a two bedroom apartment in 47404, Richland, IN?

The average monthly rental price for two bedroom apartments is $1,800 and an average price per square feet of $1.71. There are a total of 35 two bedroom apartment listings currently available for rent in 47404.

How have rent prices in 47404, Richland, IN changed this year?

Rent prices for rentals in 47404, Richland, IN can fluctuate yearly. Specifically, studio rental prices have changed by 0.26%, one bedroom rental prices have changed by 0.15%, two bedroom rental prices have changed by 0.26%, and three bedroom rental prices have changed by 0.06% year-over-year.

What is a reasonable rent price in 47404, Richland, IN?

A reasonable rent price in 47404, Richland, IN is around $1,133/month. You can search for these reasonably priced rental listings on RentHop.