Average Rent in Indiana

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Current Versus Historical Indiana Rents

Indiana rentals average $813 for a studio rental to $1,788 for a 4-bedroom rental. The median price of all currently available listings is $1,175, or roughly $16 per square feet.

For the apartment units and housing in October 2026, median rents have fallen substantially over the last year. Studio rentals prices have decreased by $28 (-3.42%) year-over-year from $828 to $800. 1-bedroom rentals prices have decreased by $595 (-43.53%) year-over-year from $1,367 to $772. 2-bedroom rentals prices have decreased by $1,284 (-55.60%) year-over-year from $2,309 to $1,025. 3-bedroom rentals prices have decreased by $92 (-5.75%) year-over-year from $1,592 to $1,500. 4-bedroom rentals prices have decreased by $301 (-20.08%) year-over-year from $1,498 to $1,198. 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 2.00% this month. 1-bedroom rents have gone down by 4.97% this month. 2-bedroom rents have gone down by 4.62% this month. 3-bedroom rents have gone up by 3.33% this month. 4-bedroom rents have gone down by 12.32% this month.

Beds	Price / Sqft	Oct 2026 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$33.20	$800	$828 (-3.42%)	$790 (1.31%)
1 BR	$17.94	$772	$1,367 (-43.53%)	$991 (-22.13%)
2 BR	$14.55	$1,025	$2,309 (-55.60%)	$1,177 (-12.89%)
3 BR	$16.62	$1,500	$1,592 (-5.75%)	$1,483 (1.12%)
4+ BR	$12.46	$1,198	$1,498 (-20.08%)	$2,267 (-47.17%)

Historical Rents in Indiana

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Indiana

There are a total of 37 cities nearby Indiana. The average rent in Indiana is currently $2,200 per month. A total of 7 cities nearby have an average rent lower than that. Our records show that Huntsville, AL, with an average rent of $847, is the most affordable city nearby. In contrast, the most expensive city near Indiana is North Atlanta, GA. Monthly rents here are on average $3,750 per month.

Let's compare Indiana's rent against other top cities nearby by bedroom size. Typically, rent for studios in Indiana is 10.92% more affordable than other cities nearby. One bedrooms are about 87.27% more affordable. Two bedrooms in Indiana are about 45.42% more affordable. Finally, rent for three bedrooms are about 47.00% more affordable. Want more information? Check out the top 10 cities out of 37 total cities near Indiana in the following table.

City	Studio	1 Bed	2 Bed	All
Lexington-Fayette, KY	$979	$855	$979	$999
Indianapolis, IN	$784	$779	$1,350	$1,100
Cincinnati, OH	$963	$898	$1,124	$1,100
St. Louis, MO	$1,650	$1,910	$1,400	$1,650
Bloomington, IN	$830	$855	$1,800	$1,680
Nashville, TN	$1,360	$1,100	$1,800	$1,885
Oak Park, IL	$1,902	$1,725	$2,073	$2,295
Chicago, IL	$1,675	$2,233	$2,695	$2,395
Aurora, IL	$1,350	$1,300	$2,200	$2,450
Naperville, IL	$1,325	$1,650	$2,325	$2,993

Top Neighborhoods Near Indiana

There are a total of 27 neighborhoods in or near Indiana. Some of these neighborhoods include South Shore, Edgewater, and Rogers Park. We've included all of these top 27 neighborhoods in or near Indiana in the following table.

The average rent for these 27 neighborhoods in or near Indiana is currently around $2,400 per month. Interestingly, the neighborhoods' average rent is higher than Indiana's average rent, which is only $1,175. Out of all the neighborhoods in or near Indiana, South Shore has the most affordable average rent at $1,500 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
South Shore, Chicago, IL	$1,098	$1,150	$1,450	$1,500
Edgewater, Chicago, IL	$1,300	$1,600	$2,495	$1,600
Rogers Park, Chicago, IL	$1,325	$1,450	$1,995	$1,773
Uptown, Chicago, IL	$1,350	$1,700	$2,500	$1,900
Lawndale, Chicago, IL	$1,200	N/A	$1,700	$1,925
Hyde Park, Chicago, IL	$1,125	$1,500	$2,400	$1,950
West Rogers Park, Chicago, IL	$1,100	$1,500	$1,950	$1,976
Albany Park, Chicago, IL	$1,275	$1,560	$2,000	$1,998
Pilsen, Chicago, IL	$1,998	$1,500	$2,100	$2,100
Humboldt Park, Chicago, IL	$1,500	$1,725	$2,000	$2,200
Ravenswood, Chicago, IL	$1,400	$1,900	$2,695	$2,250
Jefferson Park, Chicago, IL	$1,345	$1,550	$2,275	$2,325
Logan Square, Chicago, IL	$1,548	$2,050	$2,450	$2,345
Lakeview, Chicago, IL	$1,520	$2,195	$3,125	$2,400
Midtown, Atlanta, GA	$1,515	$1,950	$3,400	$2,476
Bronzeville, Chicago, IL	$995	$1,650	$2,390	$2,563
West Loop, Chicago, IL	$2,100	$2,600	$3,625	$2,700
Lincoln Park, Chicago, IL	$1,850	$2,650	$3,950	$2,725
The Loop, Chicago, IL	$2,292	$2,538	$3,777	$2,750
South Loop, Chicago, IL	$2,154	$2,392	$3,300	$2,804
Bucktown, Chicago, IL	$2,166	$2,302	$3,400	$2,900
Near North Side, Chicago, IL	$2,155	$2,635	$4,000	$2,975
Near West Side, Chicago, IL	$2,250	$2,658	$3,711	$3,000
Old Fourth Ward, Atlanta, GA	$2,225	$2,388	$3,200	$3,034
West Town, Chicago, IL	$2,517	$2,743	$3,750	$3,300
DePaul, Chicago, IL	$1,975	$2,600	$3,600	$3,600
Downtown Greenville, Greenville, SC	$3,443	$3,959	$4,640	$4,090

Top Counties Near Indiana

There are a total of 45 counties located by Indiana. Some of these counties include Fayette, KY, Cincinnati, OH, and Center, Indianapolis, IN. The average rent for rentals in these counties is $2,108. That's roughly around $18 per sqft. A total of 7 counties have a lower average rent. The county that is the most affordable is Madison, AL. Its average rent per month is $850. Vice versa, with an average rent of $3,200, Vernon, IL is the most expensive county by Indiana.

Typically, rent for studios in Indiana is 1.54% more affordable than other counties nearby. In comparison, rent for one bedroom listings in Indiana is 84.35% more affordable than other counties nearby. Finally, rent for two bedrooms in Indiana is 47.39% more affordable than other counties nearby. We've listed the top 10 counties in the table below.

County	Studio	1 Bed	2 Bed	All
Fayette, KY	$979	$855	$979	$999
Cincinnati, OH	$963	$898	$1,124	$1,100
Center, Indianapolis, IN	$825	$825	$1,425	$1,284
Perry, IN	$830	$948	$1,463	$1,340
St. Louis, MO	$1,650	$1,910	$1,400	$1,650
Worth, IL	$1,350	$1,400	$1,650	$1,725
Davidson, TN	$1,360	$1,100	$1,800	$1,885
Thornton, IL	N/A	$1,350	$1,525	$2,150
Downers Grove, IL	N/A	$1,595	$2,000	$2,450
Wheatland, Naperville, IL	N/A	N/A	$2,400	$3,000

Top Zipcodes Near Indiana

There are a total of 45 zipcodes in or near Indiana. The average rent for all of these zipcodes is $2,435.

Studios in these zipcodes have an average rent of $1,495. That's at least $31 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near Indiana is $1,790 per month. Or in other words, $29 per sqft. Meanwhile, two bedroom apartments will cost you an average of $2,200 per month. Which comes out to $26 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	$1,535	$2,100	$3,048	$2,323
60613, Chicago, IL	$1,500	$2,250	$3,000	$2,597
40202, Louisville, KY	$1,776	$2,144	$2,967	$2,226
60614, Chicago, IL	$1,850	$2,640	$3,895	$2,800
60640, Chicago, IL	$1,300	$1,795	$2,500	$1,900
60626, Chicago, IL	$1,325	$1,450	$2,000	$1,750
60647, Chicago, IL	$1,595	$2,195	$2,600	$2,415
60611, Chicago, IL	$2,100	$2,600	$4,049	$3,102
46204, Indianapolis, IN	$1,797	$2,057	$3,121	$2,551
60622, Chicago, IL	$2,378	$2,595	$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 $1,175. 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 $813 and an average price per square feet of $33.20. There are a total of 10 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 $805 and an average price per square feet of $17.94. There are a total of 102 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 $1,265 and an average price per square feet of $14.55. There are a total of 135 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 -0.03%, one bedroom rental prices have changed by -0.44%, two bedroom rental prices have changed by -0.56%, three bedroom rental prices have changed by -0.06% year-over-year.

What is a reasonable rent price in Indiana?

A reasonable rent price in Indiana is around $940/month. You can search for these reasonably priced rental listings on RentHop.