Brixin at Cressmoor Estates
600 W 39th Pl,
Hobart, IN 46342
3 Beds | Call for Rent
Rental Market Trends in Lake Station, IN
Updated September 2026
The average rent in Lake Station, IN is $1,292/month.
Rent in Lake Station is 22% lower than the national average rent of $1,665/month, making this one of the less expensive cities statewide.
$1,292/month
Average Rent
0 Sq Ft
Average Size
+2.4%
Change / Year
41
Available Apartments
Lake Station rent varies by unit size and layout:
- Studio apartments in Lake Station average $391 per month.
- One-bedroom apartments in Lake Station average $1,292 per month.
- Two-bedroom apartments in Lake Station average $1,175 per month.
- Three-bedroom apartments in Lake Station average 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 Lake Station, IN?
In the past year, rent has increased by 2.4%, which averages out to $32 more per month.
Market Trends Over Time
September 2026
2025
2026
Rent Ranges in Lake Station, IN
September 2026
Below $701
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
0%
$700 - $1,000/month
0%
$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 Lake Station, IN?
Because the average rent in Lake Station is $1,292, you’ll want to make about $4,306 per month or $51,672 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 Lake Station, IN compare to other nearby cities and neighborhoods?
Use the tool below to compare Lake Station, 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 Lake Station Area GuideCompare Rent Trends Nearby
Get a clearer picture of the area by viewing rent trends in nearby cities.
-
Gary
Avg Rent: $827/month
-
Hobart
Avg Rent: $1,171/month
-
Portage
Avg Rent: $1,123/month
-
Merrillville
Avg Rent: $1,352/month
-
Burns Harbor
Avg Rent: $1,299/month
-
Griffith
Avg Rent: $1,073/month
-
Highland
Avg Rent: $1,570/month
Apartment Communities in Lake Station We Think You'll Love
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Frequently Asked Questions
What is the average rent in Lake Station?
The average rent in Lake Station is $1,292 per month, which is 22.4% lower than the national average of $1,665.
What is the average rent for a house in Lake Station?
The average rent for a house in Lake Station, IN is $1,991 per month.
Are rents going up or down in Lake Station?
Rents in Lake Station, IN are increasing, with prices up 2.4% year-over-year and $32 more per month.
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 September 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.