4618 W Otway Ln
4618 W Otway Ln,
New Palestine, IN 46163
4 Beds | $2,375
Rental Market Trends in New Palestine, IN
What is the average rent in New Palestine, IN?
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Average Rent
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Average Apartment Size
As of June 2025, the average rent in New Palestine, IN is - per month. When you rent an apartment in New Palestine, you can expect to pay about per month for a studio, for a one-bedroom apartment, and around $982 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay 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 New Palestine, IN?
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Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated June 2025
Legend
2024
2025
Rent Ranges in New Palestine, IN
Last Updated June 2025
$700 - $1,000
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
100%
$700 - $1,000/month
0%
$1,001 - $1,500/month
0%
$1,501 - $2,000/month
0%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in New Palestine?
Based on current rent prices, SE Indianapolis-Hancock is the most affordable neighborhood in New Palestine.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in New Palestine?
Based on current rent prices, SE Indianapolis-Hancock is the most expensive neighborhood in New Palestine.
Neighborhood
Average Rent
Average Sq Ft
Which New Palestine neighborhoods have the most rentals available?
The neighborhood in New Palestine with the most apartments available is SE Indianapolis-Hancock .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in New Palestine, IN?
Because the average rent in New Palestine is -, you’ll want to make about per month or 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 New Palestine, IN compare to other nearby cities and neighborhoods?
Use the tool below to compare New Palestine, 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.
Studio
-
-
One Bedroom
$1,307/month
$1,307/month
Two Bedroom
$1,391/month
$1,391/month
Three Bedroom
$1,635/month
$1,635/month
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 June 2025.
* Percentages may not total 100 due to rounding.