Huntington Cove Apartments
2040 E 84th St,
Merrillville, IN 46410
1-2 Beds | $1,275 - $2,047
Rental Market Trends in Hobart, IN
Updated July 2026
The average rent in Hobart, IN is $1,158/month.
Rent in Hobart is 30% lower than the national average rent of $1,663/month, making this one of the less expensive cities statewide.
$1,158/month
Average Rent
862 Sq Ft
Average Size
+3.4%
Change / Year
73
Available Apartments
Hobart rent varies by unit size and layout:
- Studio apartments in Hobart average $519 per month.
- One-bedroom apartments in Hobart average $1,158 per month.
- Two-bedroom apartments in Hobart average $1,391 per month.
- Three-bedroom apartments in Hobart average $2,227 or more per month.
Average Rent by Home Type
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
How much has average rent changed in Hobart, IN?
In the past year, rent has increased by 3.4%, which averages out to $39 more per month.
Market Trends Over Time
July 2026
2025
2026
Rent Ranges in Hobart, IN
July 2026
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
25%
$700 - $1,000/month
62%
$1,001 - $1,500/month
0%
$1,501 - $2,000/month
12%
Above $2,000/month
What salary do I need to live comfortably in Hobart, IN?
Because the average rent in Hobart is $1,158, you’ll want to make about $3,860 per month or $46,320 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 Hobart, IN compare to other nearby cities and neighborhoods?
Use the tool below to compare Hobart, 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.
View the Hobart Area GuideCompare Rent Trends Nearby
Get a clearer picture of the area by viewing rent trends in nearby cities.
Apartment Communities in Hobart We Think You'll Love
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Frequently Asked Questions
What is the average rent in Hobart?
The average rent in Hobart is $1,158 per month, which is 30.4% lower than the national average of $1,663.
What is the average rent for a house in Hobart?
The average rent for a house in Hobart, IN is $1,679 per month.
Are rents going up or down in Hobart?
Rents in Hobart, IN are increasing, with prices up 3.4% year-over-year and $39 more per month.
What rent range is most common in Hobart?
In Hobart, IN, 62% of apartments fall between $1,001 - $1,500/month, though prices may vary depending on location and other factors.
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 June 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.
* Percentages may not total 100 due to rounding.