Average Rent in Indiana

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Current Versus Historical Indiana Rents

Indiana rentals average $745 for a studio rental to $1,195 for a 4-bedroom rental. The median price of all currently available listings is $1,100, or roughly $15 per square feet.

For the apartment units and housing in August 2026, median rents have fallen substantially over the last year. Studio rentals prices have increased by $28 (3.95%) year-over-year from $717 to $745. 1-bedroom rentals prices have decreased by $531 (-38.70%) year-over-year from $1,372 to $841. 2-bedroom rentals prices have decreased by $1,205 (-52.02%) year-over-year from $2,317 to $1,112. 3-bedroom rentals prices have decreased by $317 (-20.21%) year-over-year from $1,567 to $1,250. 4-bedroom rentals prices have decreased by $240 (-17.28%) year-over-year from $1,387 to $1,147. 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 5.82% this month. 1-bedroom rents have gone down by 0.38% this month. 2-bedroom rents have gone down by 3.45% this month. 3-bedroom rents have gone down by 1.61% this month. 4-bedroom rents have gone down by 22.80% this month.

Beds	Price / Sqft	Aug 2026 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$23.28	$745	$717 (3.95%)	$798 (-6.64%)
1 BR	$18.59	$841	$1,372 (-38.70%)	$998 (-15.70%)
2 BR	$13.64	$1,112	$2,317 (-52.02%)	$1,148 (-3.21%)
3 BR	$13.64	$1,250	$1,567 (-20.21%)	$1,498 (-16.57%)
4+ BR	$11.24	$1,147	$1,387 (-17.28%)	$2,166 (-47.04%)

Historical Rents in Indiana

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Indiana

There are a total of 43 cities nearby Indiana. The average rent in Indiana is currently $2,051 per month. A total of 7 cities nearby have an average rent lower than that. Our records show that Danville, IL, with an average rent of $800, is the most affordable city nearby. In contrast, the most expensive city near Indiana is North Atlanta, GA. Monthly rents here are on average $4,300 per month.

Let's compare Indiana's rent against other top cities nearby by bedroom size. Typically, rent for studios in Indiana is 6.98% more affordable than other cities nearby. One bedrooms are about 91.69% more affordable. Two bedrooms in Indiana are about 63.18% more affordable. Finally, rent for three bedrooms are about 84.42% more affordable. Want more information? Check out the top 10 cities out of 43 total cities near Indiana in the following table.

City	Studio	1 Bed	2 Bed	All
Danville, IL	$425	$595	$695	$800
Dayton, OH	$700	$795	$990	$803
Lexington-Fayette, KY	$732	$850	$979	$980
Louisville, KY	N/A	$1,152	$979	$999
Cincinnati, OH	N/A	$896	$1,175	$1,045
Indianapolis, IN	$725	$858	$1,500	$1,195
St. Louis, MO	$1,640	$1,942	$1,385	$1,650
Nashville, TN	$1,829	$2,000	$2,325	$2,011
Chicago, IL	$1,523	$2,015	$2,400	$2,250
Naperville, IL	N/A	$1,799	$2,355	$2,618

Top Neighborhoods Near Indiana

There are a total of 33 neighborhoods in or near Indiana. Some of these neighborhoods include Englewood, South Shore, and Edgewater. We've included the top 30 neighborhoods out of 33 total neighborhoods in or near Indiana in the following table.

The average rent for these 30 neighborhoods in or near Indiana is currently around $2,395 per month. Interestingly, the neighborhoods' average rent is higher than Indiana's average rent, which is only $1,100. Out of all the neighborhoods in or near Indiana, Englewood has the most affordable average rent at $1,400 per month. Whereas, at $4,090 average rent per month, Downtown Greenville is the most expensive neighborhood in or near Indiana. View the following table for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Englewood, Chicago, IL	$1,100	$1,250	$1,390	$1,400
South Shore, Chicago, IL	$1,038	$1,149	$1,525	$1,575
Edgewater, Chicago, IL	$1,295	$1,500	$2,600	$1,600
Austin, Chicago, IL	$850	$699	$1,775	$1,600
Rogers Park, Chicago, IL	$1,200	$1,450	$1,900	$1,650
Lawndale, Chicago, IL	$1,600	$1,450	$1,750	$1,900
Uptown, Chicago, IL	$1,300	$1,750	$2,700	$1,923
Pilsen, Chicago, IL	$1,425	$1,800	$1,893	$1,973
Albany Park, Chicago, IL	$1,250	$1,545	$2,000	$1,998
West Rogers Park, Chicago, IL	$1,350	$1,585	$1,975	$2,000
Jefferson Park, Chicago, IL	$1,348	$1,595	$1,950	$2,100
Ravenswood, Chicago, IL	$1,500	$1,900	$2,595	$2,150
Humboldt Park, Chicago, IL	$1,850	$1,975	$2,075	$2,263
Far East, Aurora, IL	N/A	$1,905	$2,266	$2,266
Midtown, Atlanta, GA	$1,605	$2,000	$3,200	$2,306
Logan Square, Chicago, IL	$1,475	$1,995	$2,550	$2,375
Lakeview, Chicago, IL	$1,500	$2,100	$3,100	$2,395
Hyde Park, Chicago, IL	$1,375	$1,595	$2,045	$2,397
Bronzeville, Chicago, IL	$1,200	$1,600	$2,365	$2,450
Lincoln Park, Chicago, IL	$1,650	$2,550	$3,750	$2,750
Near North Side, Chicago, IL	$1,950	$2,598	$4,000	$2,800
University Village - Little Italy, Chicago, IL	$1,488	$2,250	$2,750	$2,800
South Loop, Chicago, IL	$1,850	$2,335	$3,200	$2,800
Roscoe Village, Chicago, IL	$1,473	$2,043	$2,725	$2,925
The Loop, Chicago, IL	$1,935	$2,500	$3,500	$2,999
Wicker Park, Chicago, IL	$2,600	$2,125	$2,775	$3,100
West Town, Chicago, IL	N/A	$2,395	$2,973	$3,195
Near West Side, Chicago, IL	N/A	$2,800	$3,550	$3,200
Bucktown, Chicago, IL	$2,230	$2,515	$3,750	$3,500
DePaul, Chicago, IL	$1,975	$2,463	$3,500	$3,960

Top Counties Near Indiana

There are a total of 48 counties located by Indiana. Some of these counties include Danville, IL, Dayton, OH, and Fayette, KY. The average rent for rentals in these counties is $2,168. That's roughly around $17 per sqft. A total of 6 counties have a lower average rent. The county that is the most affordable is Danville, IL. Its average rent per month is $775. Vice versa, with an average rent of $3,000, Wheatland, Naperville, IL is the most expensive county by Indiana.

Typically, rent for studios in Indiana is 3.83% more affordable than other counties nearby. In comparison, rent for one bedroom listings in Indiana is 80.92% more affordable than other counties nearby. Finally, rent for two bedrooms in Indiana is 58.16% more affordable than other counties nearby. We've listed the top 10 counties in the table below.

County	Studio	1 Bed	2 Bed	All
Danville, IL	$425	$495	$750	$775
Dayton, OH	$700	$795	$990	$803
Fayette, KY	$732	$850	$979	$980
Jefferson, KY	N/A	$1,152	$979	$999
Cincinnati, OH	N/A	$896	$1,175	$1,045
Center, Indianapolis, IN	$750	$870	$1,500	$1,325
St. Louis, MO	N/A	$2,169	$1,400	$1,400
St. Louis, MO	$1,640	$1,942	$1,385	$1,650
Thornton, IL	$1,250	$1,350	$1,500	$2,000
Davidson, TN	$1,829	$2,000	$2,325	$2,011

Top Zipcodes Near Indiana

There are a total of 48 zipcodes in or near Indiana. The average rent for all of these zipcodes is $2,399.

Studios in these zipcodes have an average rent of $1,456. That's at least $33 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near Indiana is $1,819 per month. Or in other words, $27 per sqft. Meanwhile, two bedroom apartments will cost you an average of $2,343 per month. Which comes out to $25 per sqft. The following table includes the top 10 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	$1,503	$2,100	$3,125	$2,350
60613, Chicago, IL	$1,500	$2,000	$3,000	$2,400
40202, Louisville, KY	$1,776	$2,144	$2,967	$2,226
60614, Chicago, IL	$1,750	$2,500	$3,600	$3,200
60640, Chicago, IL	$1,300	$1,850	$2,500	$1,955
60626, Chicago, IL	$1,200	$1,450	$1,950	$1,650
60647, Chicago, IL	$1,595	$2,095	$2,695	$2,495
60611, Chicago, IL	$2,000	$2,500	$4,100	$3,150
46204, Indianapolis, IN	$1,797	$2,057	$3,121	$2,551
60622, Chicago, IL	$1,793	$2,150	$2,800	$2,900

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 $1,100. 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 $745 and an average price per square feet of $23.28. There are a total of 25 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 $836 and an average price per square feet of $18.59. There are a total of 98 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 $1,195 and an average price per square feet of $13.64. There are a total of 132 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 0.04%, one bedroom rental prices have changed by -0.39%, two bedroom rental prices have changed by -0.52%, three bedroom rental prices have changed by -0.20% year-over-year.

What is a reasonable rent price in Indiana?

A reasonable rent price in Indiana is around $880/month. You can search for these reasonably priced rental listings on RentHop.