The Franklin at 11th Street Station
1010 Franklin St,
Michigan City, IN 46360
Studio - 3 Beds | $1,420 - $3,410
Rental Market Trends in Michigan City, IN
Updated September 2026
The average rent in Michigan City, IN is $1,049/month.
Rent in Michigan City is 37% lower than the national average rent of $1,665/month, making this one of the less expensive cities statewide.
$1,049/month
Average Rent
718 Sq Ft
Average Size
+4.9%
Change / Year
279
Available Apartments
Michigan City rent varies by unit size and layout:
- Studio apartments in Michigan City average $1,078 per month.
- One-bedroom apartments in Michigan City average $1,049 per month.
- Two-bedroom apartments in Michigan City average $1,203 per month.
- Three-bedroom apartments in Michigan City average $1,246 or more per month.
Average Rent by Home Type
Bedrooms
Average Rent
Average Sq Ft
How much has average rent changed in Michigan City, IN?
In the past year, rent has increased by 4.9%, which averages out to $52 more per month.
Market Trends Over Time
September 2026
2025
2026
Rent Ranges in Michigan City, IN
September 2026
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
43%
$700 - $1,000/month
50%
$1,001 - $1,500/month
7%
$1,501 - $2,000/month
0%
Above $2,000/month
Rent by Neighborhood
What are the most affordable neighborhoods in Michigan City?
Based on current rent prices, Franklin Street Historic District and Wabash Street Historic District" are the most affordable neighborhoods in Michigan City.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Michigan City?
Based on current rent prices, Wabash Street Historic District and Franklin Street Historic District" are the most expensive neighborhoods in Michigan City.
Neighborhood
Average Rent
Average Sq Ft
Which Michigan City neighborhoods have the most rentals available?
The neighborhoods in Michigan City with the most apartments available are Franklin Street Historic District and Wabash Street Historic District" .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Michigan City, IN?
Because the average rent in Michigan City is $1,049, you’ll want to make about $3,496 per month or $41,952 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 Michigan City, IN compare to other nearby cities and neighborhoods?
Use the tool below to compare Michigan City, 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 Michigan City 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 Michigan City?
The average rent in Michigan City is $1,049 per month, which is 37.0% lower than the national average of $1,665.
Are rents going up or down in Michigan City?
Rents in Michigan City, IN are increasing, with prices up 4.9% year-over-year and $52 more per month.
What rent range is most common in Michigan City?
In Michigan City, IN, 50% 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 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.