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Rental Market Trends in Portage, IN

Updated September 2026

The average rent in Portage, IN is $1,131/month.

Rent in Portage is 32% lower than the national average rent of $1,664/month, making this one of the less expensive cities statewide.

$1,131/month

Average Rent

723 Sq Ft

Average Size

+2.2%

Change / Year

88

Available Apartments

Portage rent varies by unit size and layout:

  • Studio apartments in Portage average $1,029 per month.
  • One-bedroom apartments in Portage average $1,131 per month.
  • Two-bedroom apartments in Portage average $1,330 per month.
  • Three-bedroom apartments in Portage average $1,604 or more per month.

Average Rent by Home Type

Bedrooms
Average Rent
Average Sq Ft
Studio
$1,029/month
362 Sq Ft
One Bedroom
$1,131/month
723 Sq Ft
Two Bedroom
$1,330/month
971 Sq Ft
Three Bedroom
$1,604/month
1,245 Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Four Bedroom
$2,360/month
2,111 Sq Ft
View Portage Apartments

How much has average rent changed in Portage, IN?

In the past year, rent has increased by 2.2%, which averages out to $26 more per month.

Market Trends Over Time

September 2026

2025 2026
Market Trends Over Time

Rent Ranges in Portage, IN

September 2026
$700 - $1,000
Most rental prices fall within this range
Rent Ranges in Portage, IN
Percentage*
Rent Range
0% Below $700/month
43% $700 - $1,000/month
43% $1,001 - $1,500/month
14% $1,501 - $2,000/month
0% Above $2,000/month

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

Because the average rent in Portage is $1,131, you’ll want to make about $3,770 per month or $45,240 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

Portage, IN

88 Available Apartments for Rent

Search for Nearby Apartments

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

Use the tool below to compare Portage, 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 Portage Area Guide

Apartment Averages

Compare Rent Trends Nearby

Get a clearer picture of the area by viewing rent trends in nearby cities.

  • Burns Harbor

    Burns Harbor

    Avg Rent: $1,299/month

  • Chesterton

    Chesterton

    Avg Rent: $1,233/month

  • Porter

    Porter

    Avg Rent: $892/month

  • Hobart

    Hobart

    Avg Rent: $1,171/month

  • Gary

    Gary

    Avg Rent: $832/month

  • Valparaiso

    Valparaiso

    Avg Rent: $1,265/month

Apartment Communities in Portage We Think You'll Love

Lake Pointe Apartment Homes

Lake Pointe Apartment Homes

3471 Sunnyside Dr,
Portage, IN 46368

1-3 Beds | $1,310 - $2,130

The Promenade at Founders Square

The Promenade at Founders Square

2540 Promenade Way,
Portage, IN 46368

Studio - 3 Beds | $1,251 - $2,517

Willow Creek

Willow Creek

5990 Wonderland Dr,
Portage, IN 46368

1-3 Beds | $1,170 - $1,915

Traditions at Burns Harbor Apartment Homes

Traditions at Burns Harbor Apartment Homes

331 S Boo Rd,
Burns Harbor, IN 46304

1-3 Beds | $1,189 - $1,789

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Frequently Asked Questions

What is the average rent in Portage?

The average rent in Portage is $1,131 per month, which is 32.0% lower than the national average of $1,664.

Are rents going up or down in Portage?

Rents in Portage, IN are increasing, with prices up 2.2% year-over-year and $26 more per month.

What rent range is most common in Portage?

In Portage, IN, 43% of apartments fall between $700 - $1,000/month, though prices may vary depending on location and other factors.

United States Indiana Portage 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 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.

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© 2026 CoStar Group, Inc.

Equal Housing Opportunity