The Lakes of Valparaiso
1715 Lake Michigan Dr,
Valparaiso, IN 46383
$1,441 - $8,477
1-3 Beds
Founded in 1859 by Methodists as one of the nation’s first coeducational colleges, Valparaiso University is an independent Lutheran institution where passion meets purpose. Valparaiso offers a thorough foundation in the liberal arts in addition to professional training and graduate study, helping students find their own paths to lifelong personal, spiritual, and professional growth. Situated in Northwest Indiana, the city of Valparaiso features a wide variety of apartments, townhomes, and houses available for rent within close proximity to the Valpo campus. Access to U.S. 30 as well as Routes 2 and 49 makes commuting from campus simple. Valpo is home to NCAA Division I Crusader athletics, over 100 co-curricular organizations, fraternities and sororities, community outreach opportunities, concerts, plays, and exhibitions, which all contribute to a vibrant campus atmosphere. The city of Valparaiso hosts plenty of fun community events and festivals, contains several breweries, and sits just south of Indiana Dunes National Lakeshore. Cosmopolitan amenities aren’t too far either, with Chicago just an hour’s drive away.
As of April 2026, the average apartment rent in Valparaiso, IN is $940 for a studio, $1,249 for one bedroom, $1,406 for two bedrooms, and $1,867 for three bedrooms. Apartment rent in Valparaiso has decreased by -1.5% in the past year.
Studio
465 sq ft
Average Sq Ft
$940/month
Average Rent
1 BR
735 sq ft
Average Sq Ft
$1,249/month
Average Rent
2 BR
961 sq ft
Average Sq Ft
$1,406/month
Average Rent
3 BR
1,113 sq ft
Average Sq Ft
$1,867/month
Average Rent
Explore how walkable, bikeable, drivable, and transit-friendly Valparaiso University - Valparaiso, IN (University) is for everyday living.
Fairly Walkable
Walkability
Limited Public Transit
Transit
Very Drivable
Drivability
Very Bikeable
Bikeability
Valparaiso University - Valparaiso, IN (University) offers all daily essentials, but they’re limited to a few main areas.
Supermarket Within a 10 Minute Walk
Groceries
Fair Restaurant Variety Nearby
Restaurants
Fair Café Variety Nearby
Cafes
Fair Variety of Shops Nearby
Shopping
Recreation options in Valparaiso University - Valparaiso, IN (University) are limited, so staying active may require more planning.
Moderate Amount of Park Space Nearby
Parks
Limited Wellness Amenity Variety Nearby
Wellness
Get a sense of what it’s like to live in Valparaiso University - Valparaiso, IN (University) from everyday activity to noise and nightlife.
Mostly Calm Atmosphere
Vibrancy
Limited Nightlife Variety Nearby
Nightlife
Not Noisy
Quiet Score
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Grades 6-12
439 Students
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Public
Grades 6-8
821 Students
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Public
Grades 6-8
640 Students
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Public
Grades 6-12
435 Students
Public
Grades 6-8
324 Students
Public
Grades 9-12
2,098 Students
Public
Grades 9-12
434 Students
Washington Twp Middle/High School
Public
Grades 6-12
439 Students
Public
Grades 9-12
486 Students
Morgan Township Middle/High School
Public
Grades 6-12
435 Students
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† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.