The Macy Apartments
200 N Union St,
Kokomo, IN 46901
Studio - 2 Beds | $750 - $1,600
Rental Market Trends in Kokomo, IN
What is the average rent in Kokomo, IN?
$844/month
Average Rent
642 Sq Ft
Average Apartment Size
+0.6%
Increase in the Last Year
As of July 2025, the average rent in Kokomo, IN is $844 per month. This is 48% lower than the national average rent of $1,637/month, making renting in Kokomo more affordable than most cities in the US. When you rent an apartment in Kokomo, you can expect to pay about $761 per month for a studio, $844 for a one-bedroom apartment, and around $1,029 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,238 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 Kokomo, IN?
In the past year, rent has increased by 0.6%, which averages out to $6 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 July 2025
Legend
2024
2025
Rent Ranges in Kokomo, IN
Last Updated July 2025
$700 - $1,000
Most rental prices fall within this range
Percentage*
Rent Range
15%
Below $700/month
56%
$700 - $1,000/month
28%
$1,001 - $1,500/month
0%
$1,501 - $2,000/month
0%
Above $2,000/month
What salary do I need to live comfortably in Kokomo, IN?
Because the average rent in Kokomo is $844, you’ll want to make about $2,813 per month or $33,756 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.
Cost of Living
The cost of living in Kokomo, IN is 16.8% lower than the national average. Generally, housing in Kokomo is 39.9% less expensive than the national average, with rent falling between $761 - $1,238. You can expect to pay 1.9% less for groceries, 11.2% less for utilities, and 5.3% less for transportation.
How does Kokomo, IN compare to other nearby cities and neighborhoods?
Use the tool below to compare Kokomo, 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.
Apartment communities in Kokomo we think you'll love
Property Management Companies in Kokomo, IN
Responsive Asset Management
-
14
Communities
-
648
Units
-
8
Cities
6 Communities in Kokomo
Birge & Held
-
95
Communities
-
20,575
Units
-
47
Cities
2 Communities in Kokomo
Ludwig and Company
-
17
Communities
-
3,232
Units
-
14
Cities
2 Communities in Kokomo
PRE/3
-
174
Communities
-
13,916
Units
-
111
Cities
1 Community in Kokomo
Flaherty & Collins, Inc
-
48
Communities
-
11,624
Units
-
38
Cities
1 Community in Kokomo
Buckingham Companies
-
35
Communities
-
10,705
Units
-
22
Cities
1 Community in Kokomo
The Annex Group
-
19
Communities
-
2,676
Units
-
18
Cities
1 Community in Kokomo
Dynasty Properties
-
24
Communities
-
4,279
Units
-
17
Cities
1 Community in Kokomo
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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 June 2025.
* Percentages may not total 100 due to rounding.