Redwood Merrillville
8413 Jennings Pl,
Merrillville, IN 46410
$2,124 - $3,185
2 Beds
Rental Market Trends in Merrillville, IN
What is the average rent in Merrillville, IN?
$1,300/month
Average Rent
771 Sq Ft
Average Apartment Size
-0.5%
Decrease in the Last Year
As of January 2026, the average rent in Merrillville, IN is $1,300 per month. This is 20% lower than the national average rent of $1,624/month, making renting in Merrillville more affordable than most cities in the US. When you rent an apartment in Merrillville, you can expect to pay about $889 per month for a studio, $1,300 for a one-bedroom apartment, and around $1,515 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,852 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 Merrillville, IN?
In the past year, rent has decreased by 0.5%, which averages out to $7 less per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated January 2026
Legend
2025
2026
Rent Ranges in Merrillville, IN
Last Updated January 2026
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
18%
$700 - $1,000/month
59%
$1,001 - $1,500/month
18%
$1,501 - $2,000/month
6%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Merrillville?
Based on current rent prices, The Residences at Merrillville Lakes is the most affordable neighborhood in Merrillville.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Merrillville?
Based on current rent prices, The Residences at Merrillville Lakes is the most expensive neighborhood in Merrillville.
Neighborhood
Average Rent
Average Sq Ft
Which Merrillville neighborhoods have the most rentals available?
The neighborhood in Merrillville with the most apartments available is The Residences at Merrillville Lakes .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Merrillville, IN?
Because the average rent in Merrillville is $1,300, you’ll want to make about $4,333 per month or $51,996 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 Merrillville, IN compare to other nearby cities and neighborhoods?
Use the tool below to compare Merrillville, 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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One Bedroom
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Two Bedroom
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Three Bedroom
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Nearby City Rent Trends
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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 November 2025.
* Percentages may not total 100 due to rounding.