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Rental Market Trends in New Palestine, IN

What is the average rent in New Palestine, IN?

-

Average Rent

-

Average Apartment Size

As of November 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 $1,198 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
Two Bedroom
$1,198/month
795 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?

-

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
Rent Ranges in New Palestine, IN
Last Updated November 2025
$1,001 - $1,500
Most rental prices fall within this range
Rent Ranges in New Palestine, IN
Percentage*
Rent Range
0% Below $700/month
0% $700 - $1,000/month
100% $1,001 - $1,500/month
0% $1,501 - $2,000/month
0% Above $2,000/month

Rent by Neighborhood

Last Updated Today
  • Most Affordable
  • Most Expensive
  • Most Available

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.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
SE Indianapolis-Hancock
$1,250/month
751 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.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
SE Indianapolis-Hancock
$1,250/month
751 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 .

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
SE Indianapolis-Hancock
$1,250/month
751 Sq Ft
This information is based on data collected by CoStar Group researchers.†

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.

City

New Palestine, IN

6 Available Apartments for Rent

Search for Nearby Apartments

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.

Apartment Averages

SE Indianapolis-Hancock

New Palestine, IN

SE Indianapolis-Hancock

New Palestine, IN

Studio
-
-
One Bedroom
$1,250/month
$1,250/month
Two Bedroom
$1,372/month
$1,372/month
Three Bedroom
$1,571/month
$1,571/month
Search
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Nearby City Rent Trends

  • Greenfield Average Rent
  • Beech Grove Average Rent
  • Mccordsville Average Rent

Apartment communities in New Palestine we think you'll love

Sugar Creek Apartments

Sugar Creek Apartments

4291-4298 Eclipse Way,
New Palestine, IN 46163

$1,198

2 Beds

2219 S Briarwood Dr

2219 S Briarwood Dr

2219 S Briarwood Dr,
New Palestine, IN 46163

$2,075

4 Beds

688 S Parkway Ave

688 S Parkway Ave

688 S Parkway Ave,
New Palestine, IN 46163

$2,055

4 Beds

4881 300W

4881 300W

4881 300W,
New Palestine, IN 46163

$850

2 Beds

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United States Indiana New Palestine 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