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Rental Market Trends in Mount Vernon, IN

What is the average rent in Mount Vernon, IN?

$510/month

Average Rent

542 Sq Ft

Average Apartment Size

+1.3%

Increase in the Last Year

As of November 2025, the average rent in Mount Vernon, IN is $510 per month. This is 69% lower than the national average rent of $1,630/month, making renting in Mount Vernon more affordable than most cities in the US. When you rent an apartment in Mount Vernon, you can expect to pay about per month for a studio, $510 for a one-bedroom apartment, and around $627 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $677 or more.

Floor Plan Type
Average Rent
Average Sq Ft
One Bedroom
$510/month
542 Sq Ft
Two Bedroom
$627/month
758 Sq Ft
Three Bedroom
$677/month
1,011 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 Mount Vernon, IN?

In the past year, rent has increased by 1.3%, which averages out to $7 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 November 2025
Legend
2024 2025
Market Trends Over Time

What salary do I need to live comfortably in Mount Vernon, IN?

Because the average rent in Mount Vernon is $510, you’ll want to make about $1,700 per month or $20,400 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.

City

Mount Vernon, IN

4 Available Apartments for Rent

Search for Nearby Apartments

How does Mount Vernon, IN compare to other nearby cities and neighborhoods?

Use the tool below to compare Mount Vernon, 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 Averages

Nearby City Rent Trends

  • Evansville Average Rent

Apartment communities in Mount Vernon we think you'll love

407 Leffel Ct

407 Leffel Ct

407 Leffel Ct,
Mount Vernon, IN 47620

$1,400

2 Beds

409 Fielding Ct

409 Fielding Ct

409 Fielding Ct,
Mount Vernon, IN 47620

$1,150

2 Beds

6515 Uebelhack Rd

6515 Uebelhack Rd

6515 Uebelhack Rd,
Mount Vernon, IN 47620

$600

2 Beds

10455 Old Hwy 62 E

10455 Old Hwy 62 E

10455 Old Hwy 62 E,
Mount Vernon, IN 47620

$495

1 Bed

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United States Indiana Mount Vernon Rental Trends

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.

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Equal Housing Opportunity