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Rental Market Trends in Valparaiso, IN

What is the average rent in Valparaiso, IN?

$1,248/month

Average Rent

742 Sq Ft

Average Apartment Size

+2.5%

Increase in the Last Year

As of July 2025, the average rent in Valparaiso, IN is $1,248 per month. This is 24% lower than the national average rent of $1,637/month, making renting in Valparaiso more affordable than most cities in the US. When you rent an apartment in Valparaiso, you can expect to pay about $909 per month for a studio, $1,248 for a one-bedroom apartment, and around $1,431 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,889 or more.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$909/month
465 Sq Ft
One Bedroom
$1,248/month
742 Sq Ft
Two Bedroom
$1,431/month
965 Sq Ft
Three Bedroom
$1,889/month
1,123 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Three Bedroom
$2,170/month
1,231 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 Valparaiso, IN?

In the past year, rent has increased by 2.5%, which averages out to $32 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 July 2025
Legend
2024 2025
Market Trends Over Time
Rent Ranges in Valparaiso, IN
Last Updated July 2025
$1,001 - $1,500
Most rental prices fall within this range
Rent Ranges in Valparaiso, IN
Percentage*
Rent Range
0% Below $700/month
23% $700 - $1,000/month
57% $1,001 - $1,500/month
17% $1,501 - $2,000/month
3% Above $2,000/month

Rent by Neighborhood

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

What are the most affordable neighborhoods in Valparaiso?

Based on current rent prices, Downtown Valparaiso and Pine Creek Estates" are the most affordable neighborhoods in Valparaiso.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Downtown Valparaiso
$1,337/month
622 Sq Ft
Pine Creek Estates
$2,592/month
962 Sq Ft

What are the most expensive neighborhoods in Valparaiso?

Based on current rent prices, Pine Creek Estates and Downtown Valparaiso" are the most expensive neighborhoods in Valparaiso.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Pine Creek Estates
$2,592/month
962 Sq Ft
Downtown Valparaiso
$1,337/month
622 Sq Ft

Which Valparaiso neighborhoods have the most rentals available?

The neighborhoods in Valparaiso with the most apartments available are Downtown Valparaiso and Pine Creek Estates" .

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Downtown Valparaiso
$1,337/month
622 Sq Ft
Pine Creek Estates
$2,592/month
962 Sq Ft
This information is based on data collected by CoStar Group researchers.†

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

Because the average rent in Valparaiso is $1,248, you’ll want to make about $4,160 per month or $49,920 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.

City

Valparaiso, IN

237 Available Apartments for Rent

Search for Nearby Apartments

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

Use the tool below to compare Valparaiso, 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.

Explore the Area Guide for Valparaiso, IN

Apartment Averages

Downtown Valparaiso

Valparaiso, IN

Pine Creek Estates

Valparaiso, IN

Studio
$709/month
-
One Bedroom
$1,139/month
-
Two Bedroom
$1,564/month
-
Three Bedroom
$1,918/month
-
Search
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Nearby City Rent Trends

  • Chesterton Average Rent
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Apartment communities in Valparaiso we think you'll love

Golfview Apartments

Golfview Apartments

453 Golfview Blvd,
Valparaiso, IN 46385

1-2 Beds | $1,300 - $1,595

Uptown East

Uptown East

1401 Lincolnway Ave,
Valparaiso, IN 46383

1-3 Beds | $1,249 - $2,385

The Lakes of Valparaiso

The Lakes of Valparaiso

1715 Lake Michigan Dr,
Valparaiso, IN 46383

1-3 Beds | $1,456 - $8,591

Compass Pointe Apartments

Compass Pointe Apartments

2210 Beech St,
Valparaiso, IN 46383

1-3 Beds | $1,353 - $3,302

Property Management Companies in Valparaiso, IN

IGC Residential Property Management
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United States Indiana Valparaiso 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 June 2025.

* Percentages may not total 100 due to rounding.

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Equal Housing Opportunity