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Rental Market Trends in Indiana

$1,109/month

Average Rent

+2.8%

Increase in the Last Year

+$30

Average Price Increase

Ranked 14th

Least Expensive Rent by State

31,270

Available Rentals

Muncie, IN

City with the Lowest Rent

What is the average rent in Indiana?

As of September 2025, the average rent in Indiana is $1,109/month. When you rent an apartment in Indiana, you can expect some variability depending on the region. For instance, metropolitan areas may have higher rents than smaller towns and rural areas. In general, you can expect to pay about $976 per month for a studio, $1,109 for a one-bedroom apartment, and around $1,314 for a two-bedroom apartment in Indiana. If you opt for a three-bedroom rental, you could pay $1,594 or more.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$976/month
457 Sq Ft
One Bedroom
$1,109/month
702 Sq Ft
Two Bedroom
$1,314/month
993 Sq Ft
Three Bedroom
$1,594/month
1,291 Sq Ft

Rent by City

Last Updated Today
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  • Most Expensive

What are the most affordable cities in Indiana?

Based on current rent prices, the cheapest cities in Indiana to live are Muncie, Anderson and Kokomo.

Calculate Rent Affordability
City
Average Rent
Average Sq Ft
Muncie
$788/month
609 Sq Ft
Anderson
$829/month
642 Sq Ft
Kokomo
$842/month
640 Sq Ft
Gary
$844/month
581 Sq Ft
Evansville
$859/month
680 Sq Ft
Terre Haute
$916/month
641 Sq Ft
Fort Wayne
$959/month
683 Sq Ft
Elkhart
$964/month
689 Sq Ft
Lafayette
$1,012/month
716 Sq Ft
Hammond
$1,101/month
625 Sq Ft

What are the most expensive cities in Indiana?

Based on current rent prices, the most expensive cities in Indiana to live are Newberry, Granger and Zionsville.

Calculate Rent Affordability
City
Average Rent
Average Sq Ft
Newberry
$2,495/month
2,550 Sq Ft
Granger
$1,669/month
801 Sq Ft
Zionsville
$1,515/month
772 Sq Ft
Highland
$1,513/month
716 Sq Ft
Carmel
$1,490/month
786 Sq Ft
McCordsville
$1,437/month
764 Sq Ft
Westfield
$1,409/month
777 Sq Ft
Fishers
$1,403/month
776 Sq Ft
West Lafayette
$1,395/month
658 Sq Ft
Whitestown
$1,393/month
872 Sq Ft
This information is based on data collected by CoStar Group researchers.†

State

Indiana

31,270 Available Apartments for Rent

Search for Nearby Apartments

Nearby State Markets


Illinois
$1,667/mo. avg.
+3.9% YOY
Michigan
$1,138/mo. avg.
+2.7% YOY
Ohio
$1,077/mo. avg.
+2.5% YOY
Kentucky
$1,073/mo. avg.
+2.5% YOY

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US Rent Trends Indiana

Methodology

† 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.


State graphics provided by ProPublica    Copyright (c) 2012, ProPublica

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THE SOFTWARE IS PROVIDED "AS IS", WITHOUT WARRANTY OF ANY KIND, EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO THE WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE AND NONINFRINGEMENT. IN NO EVENT SHALL THE AUTHORS OR COPYRIGHT HOLDERS BE LIABLE FOR ANY CLAIM, DAMAGES OR OTHER LIABILITY, WHETHER IN AN ACTION OF CONTRACT, TORT OR OTHERWISE, ARISING FROM, OUT OF OR IN CONNECTION WITH THE SOFTWARE OR THE USE OR OTHER DEALINGS IN THE SOFTWARE.

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Equal Housing Opportunity