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Rental Market Trends in Valparaiso, IN

What is the average rent in Valparaiso, IN?

$1,226/month

Average Rent

740 Sq Ft

Average Apartment Size

+0.8%

Increase in the Last Year

As of September 2025, the average rent in Valparaiso, IN is $1,226 per month. This is 25% lower than the national average rent of $1,640/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 $890 per month for a studio, $1,226 for a one-bedroom apartment, and around $1,429 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,865 or more.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$890/month
465 Sq Ft
One Bedroom
$1,226/month
740 Sq Ft
Two Bedroom
$1,429/month
966 Sq Ft
Three Bedroom
$1,865/month
1,132 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
One Bedroom
$985/month
120 Sq Ft
Three Bedroom
$1,828/month
1,369 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 0.8%, which averages out to $11 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 September 2025
Legend
2024 2025
Market Trends Over Time
Rent Ranges in Valparaiso, IN
Last Updated September 2025
$1,001 - $1,500
Most rental prices fall within this range
Rent Ranges in Valparaiso, IN
Percentage*
Rent Range
0% Below $700/month
22% $700 - $1,000/month
58% $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
$1,329/month
615 Sq Ft
Pine Creek Estates
$1,826/month
926 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
$1,826/month
926 Sq Ft
Downtown Valparaiso
$1,329/month
615 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
$1,329/month
615 Sq Ft
Pine Creek Estates
$1,826/month
926 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 $1,226, you’ll want to make about $4,086 per month or $49,032 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

249 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
$718/month
-
One Bedroom
$1,136/month
-
Two Bedroom
$1,575/month
-
Three Bedroom
$1,921/month
-
Search
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Nearby City Rent Trends

  • Chesterton Average Rent
  • Portage 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

$1,300 - $1,585

1-2 Beds

Uptown East

Uptown East

1401 Lincolnway Ave,
Valparaiso, IN 46383

$1,145 - $2,385

1-3 Beds

The Lakes of Valparaiso

The Lakes of Valparaiso

1715 Lake Michigan Dr,
Valparaiso, IN 46383

$1,304 - $7,029

1-3 Beds

Compass Pointe Apartments

Compass Pointe Apartments

2210 Beech St,
Valparaiso, IN 46383

$1,529 - $2,368

1-3 Beds

Property Management Companies in Valparaiso, IN

IGC Residential Property Management
IGC Residential Property Management
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3 Communities in Valparaiso
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Bayshore Properties
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    Units

  • 15

    Cities

2 Communities in Valparaiso
Morgan Properties
Morgan Properties
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1 Community in Valparaiso
Flaherty & Collins, Inc
Flaherty & Collins, Inc
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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 September 2025.

* Percentages may not total 100 due to rounding.

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