Prairie Point Apartments
9123 Cleveland St,
Merrillville, IN 46410
1-2 Beds | $1,320 - $2,218
Rental Market Trends in Merrillville, IN
Updated July 2026
The average rent in Merrillville, IN is $1,361/month.
Rent in Merrillville is 18% lower than the national average rent of $1,663/month, making this one of the less expensive cities statewide.
$1,361/month
Average Rent
776 Sq Ft
Average Size
+1.8%
Change / Year
374
Available Apartments
Merrillville rent varies by unit size and layout:
- Studio apartments in Merrillville average $958 per month.
- One-bedroom apartments in Merrillville average $1,361 per month.
- Two-bedroom apartments in Merrillville average $1,599 per month.
- Three-bedroom apartments in Merrillville average $2,027 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 Merrillville, IN?
In the past year, rent has increased by 1.8%, which averages out to $25 more per month.
Market Trends Over Time
July 2026
2025
2026
Rent Ranges in Merrillville, IN
July 2026
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
11%
$700 - $1,000/month
56%
$1,001 - $1,500/month
17%
$1,501 - $2,000/month
17%
Above $2,000/month
Rent by Neighborhood
What are the most affordable neighborhoods in Merrillville?
Based on current rent prices, The Reserve at Prairie Point 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 Reserve at Prairie Point 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 Reserve at Prairie Point .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Merrillville, IN?
Because the average rent in Merrillville is $1,361, you’ll want to make about $4,536 per month or $54,432 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.
View the Merrillville Area GuideStudio
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Three Bedroom
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Compare Rent Trends Nearby
Get a clearer picture of the area by viewing rent trends in nearby cities.
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Frequently Asked Questions
What is the average rent in Merrillville?
The average rent in Merrillville is $1,361 per month, which is 18.2% lower than the national average of $1,663.
What is the average rent for a house in Merrillville?
The average rent for a house in Merrillville, IN is $1,730 per month.
Are rents going up or down in Merrillville?
Rents in Merrillville, IN are increasing, with prices up 1.8% year-over-year and $25 more per month.
What rent range is most common in Merrillville?
In Merrillville, IN, 56% 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.