Ingalls Flats
1200 Commerce Dr,
Pendleton, IN 46064
2 Beds | $1,850
Rental Market Trends in Pendleton, IN
Updated September 2026
The average rent in Pendleton, IN is $1,323/month.
Rent in Pendleton is 21% lower than the national average rent of $1,665/month, making this one of the less expensive cities statewide.
$1,323/month
Average Rent
673 Sq Ft
Average Size
+10.9%
Change / Year
24
Available Apartments
Pendleton rent varies by unit size and layout:
- Studio apartments in Pendleton average per month.
- One-bedroom apartments in Pendleton average $1,323 per month.
- Two-bedroom apartments in Pendleton average $1,656 per month.
- Three-bedroom apartments in Pendleton average $1,709 or more per month.
Average Rent by Home Type
Bedrooms
Average Rent
Average Sq Ft
How much has average rent changed in Pendleton, IN?
In the past year, rent has increased by 10.9%, which averages out to $145 more per month.
Market Trends Over Time
September 2026
2025
2026
Rent Ranges in Pendleton, IN
September 2026
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
0%
$700 - $1,000/month
50%
$1,001 - $1,500/month
50%
$1,501 - $2,000/month
0%
Above $2,000/month
What salary do I need to live comfortably in Pendleton, IN?
Because the average rent in Pendleton is $1,323, you’ll want to make about $4,410 per month or $52,920 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 Pendleton, IN compare to other nearby cities and neighborhoods?
Use the tool below to compare Pendleton, 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 Pendleton Area GuideCompare Rent Trends Nearby
Get a clearer picture of the area by viewing rent trends in nearby cities.
-
Lapel
Avg Rent: $848/month
-
Fortville
Avg Rent: $1,140/month
-
Anderson
Avg Rent: $868/month
-
McCordsville
Avg Rent: $1,436/month
-
Fishers
Avg Rent: $1,479/month
Apartment Communities in Pendleton We Think You'll Love
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Frequently Asked Questions
What is the average rent in Pendleton?
The average rent in Pendleton is $1,323 per month, which is 20.5% lower than the national average of $1,665.
Are rents going up or down in Pendleton?
Rents in Pendleton, IN are increasing, with prices up 10.9% year-over-year and $145 more per month.
What rent range is most common in Pendleton?
In Pendleton, 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.