Average Rent in Indiana

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Current Versus Historical Indiana Rents

Indiana rentals average $445 for a 1-bedroom rental to $0 for a 2-bedroom rental. The median price of all currently available listings is $865, or roughly $0 per square feet.

For the apartment units and housing in July 2024, median rents have risen substantially over the last year. Studio rentals prices have increased by $575 (76.67%) year-over-year from $750 to $1,325. 1-bedroom rentals prices have increased by $469 (50.11%) year-over-year from $936 to $1,405. 2-bedroom rentals prices have increased by $1,272 (114.81%) year-over-year from $1,108 to $2,379. 3-bedroom rentals prices have increased by $306 (20.64%) year-over-year from $1,482 to $1,788. 4-bedroom rentals prices have decreased by $549 (-27.13%) year-over-year from $2,024 to $1,475. 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 up by 17.78% this month. 1-bedroom rents have gone up by 2.78% this month. 2-bedroom rents have gone up by 18.48% this month. 3-bedroom rents have gone up by 2.48% this month. 4-bedroom rents have gone down by 28.33% this month.

Beds	Price / Sqft	Jul 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
1 BR	N/A	$1,405	$936 (50.11%)	$889 (58.04%)

Historical Rents in Indiana

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Indiana

There are a total of 3 cities nearby Indiana. The average rent in Indiana is currently $1,531 per month. Only one city nearby has an average rent lower than that. Our records show that Toledo, OH, with an average rent of $825, is the most affordable city nearby. In contrast, the most expensive city near Indiana is Chicago, IL. Monthly rents here are on average $1,899 per month.

Let's compare Indiana's rent against other top cities nearby by bedroom size. Typically, rent for studios in Indiana is inf% more affordable than other cities nearby. One bedrooms are about 216.40% more affordable. Two bedrooms in Indiana are about inf% more affordable. Finally, rent for three bedrooms are about inf% more affordable. Want more information? Check out the top 3 cities near Indiana in the following chart.

City	Studio	1 Bed	2 Bed	All
Toledo, OH	N/A	$660	$800	$825
Nashville, TN	$1,234	$1,408	$1,545	$1,531
Chicago, IL	$1,483	$1,800	$2,250	$1,899

Top Neighborhoods Near Indiana

There are a total of 2 neighborhoods in or near Indiana. We've included all of these top 2 neighborhoods in or near Indiana in the following chart.

The average rent for these 2 neighborhoods in or near Indiana is currently around $1,639 per month. Meaning, only two neighborhoods have a higher average rent than $1,639. Interestingly, the neighborhoods' average rent is higher than Indiana's average rent, which is only $865. Out of all the neighborhoods in or near Indiana, Rogers Park has the most affordable average rent at $1,350 per month. Whereas, at $1,927 average rent per month, Lakeview is the most expensive neighborhood in or near Indiana. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Rogers Park, Chicago, IL	$1,175	$1,300	$1,738	$1,350
Lakeview, Chicago, IL	$1,595	$1,945	$2,600	$1,927

Top Counties Near Indiana

There are a total of 2 counties located by Indiana. Some of these counties include Lucas, OH, Davidson, TN, and Cook, IL. The average rent for rentals in these counties is $1,531. That's roughly around $2 per sqft. A total of 1 counties have a lower average rent. The county that is the most affordable is Lucas, OH. It's average rent per month is $850. Vice versa, with an average rent of $1,903, Cook, IL is the most expensive county by Indiana.

Typically, rent for studios in Indiana is inf% more affordable than other counties nearby. In comparison, rent for one bedroom listings in Indiana is 216.40% more affordable than other counties nearby. Finally, rent for two bedrooms in Indiana is inf% more affordable than other counties nearby. We've listed all of these counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Lucas, OH	N/A	$668	$825	$850
Davidson, TN	$1,234	$1,408	$1,545	$1,531
Cook, IL	$1,456	$1,800	$2,250	$1,903

Top Zipcodes Near Indiana

There are a total of 6 zipcodes in or near Indiana. The average rent for all of these zipcodes is $1,932.

The following chart includes the top 6 zipcodes in Indiana. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
60657, Chicago, IL	$1,595	$1,936	$2,795	$1,865
60613, Chicago, IL	$1,363	$1,933	$2,600	$2,250
60614, Chicago, IL	$1,495	$2,295	$2,900	$2,223
60626, Chicago, IL	$1,175	$1,300	$1,738	$1,350
61820, Champaign, IL	$825	$1,058	$1,325	$1,310
60615, Chicago, IL	$1,275	$1,645	$1,947	$1,999

Frequently Asked Questions - Indiana Average Rents

What is the average rent price in Indiana?

The average monthly rental price for Indiana apartments for rent is approximately $865. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do Indiana 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 Indiana.

How much is a studio apartment in Indiana?

The average monthly rental price for studio apartments is $0 and an average price per square feet of $0.00. There are a total of 0 studio apartment listings currently available for rent in Indiana.

How much is a one bedroom apartment in Indiana?

The average monthly rental price for one bedroom apartments is $445 and an average price per square feet of $0. There are a total of 2 one bedroom apartment listings currently available for rent in Indiana.

How much is a two bedroom apartment in Indiana?

The average monthly rental price for two bedroom apartments is $0 and an average price per square feet of $0.00. There are a total of 1 two bedroom apartment listings currently available for rent in Indiana.

How have rent prices in Indiana changed this year?

Rent prices for rentals in Indiana can fluctuate yearly. Specifically, studio rental prices have changed by 0.77%, one bedroom rental prices have changed by 0.50%, two bedroom rental prices have changed by 1.15%, and three bedroom rental prices have changed by 0.21% year-over-year.

What is a reasonable rent price in Indiana?

A reasonable rent price in Indiana is around $692/month. You can search for these reasonably priced rental listings on RentHop.