La Vue Lake Apartments
440 N Lake St,
Gary, IN 46403
Studio - 3 Beds | $850 - $1,550
Rental Market Trends in Gary, IN
What is the average rent in Gary, IN?
$851/month
Average Rent
582 Sq Ft
Average Apartment Size
+10.2%
Increase in the Last Year
As of May 2025, the average rent in Gary, IN is $851 per month. This is 48% lower than the national average rent of $1,627/month, making renting in Gary more affordable than most cities in the US. When you rent an apartment in Gary, you can expect to pay about $815 per month for a studio, $851 for a one-bedroom apartment, and around $990 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,307 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Gary, IN?
In the past year, rent has increased by 10.2%, which averages out to $87 more per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated May 2025
Legend
2024
2025
Rent Ranges in Gary, IN
Last Updated May 2025
$700 - $1,000
Most rental prices fall within this range
Percentage*
Rent Range
7%
Below $700/month
73%
$700 - $1,000/month
20%
$1,001 - $1,500/month
0%
$1,501 - $2,000/month
0%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Gary?
Based on current rent prices, Black Oak is the most affordable neighborhood in Gary.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Gary?
Based on current rent prices, Black Oak is the most expensive neighborhood in Gary.
Neighborhood
Average Rent
Average Sq Ft
Which Gary neighborhoods have the most rentals available?
The neighborhood in Gary with the most apartments available is Black Oak .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Gary, IN?
Because the average rent in Gary is $851, you’ll want to make about $2,836 per month or $34,032 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does Gary, IN compare to other nearby cities and neighborhoods?
Use the tool below to compare Gary, IN to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
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Methodology
† 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 2025.
* Percentages may not total 100 due to rounding.