The Lakes of Valparaiso
1715 Lake Michigan Dr,
Valparaiso, IN 46383
$1,404 - $8,256
1-3 Beds
Rental Market Trends in Valparaiso, IN
What is the average rent in Valparaiso, IN?
$1,250/month
Average Rent
736 Sq Ft
Average Apartment Size
-1.7%
Decrease in the Last Year
As of April 2026, the average rent in Valparaiso, IN is $1,250 per month. This is 24% lower than the national average rent of $1,641/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 $940 per month for a studio, $1,250 for a one-bedroom apartment, and around $1,408 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,873 or more.
Floor Plan Type
Average Rent
Average 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 Valparaiso, IN?
In the past year, rent has decreased by 1.7%, which averages out to $21 less per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated April 2026
Legend
2025
2026
Rent Ranges in Valparaiso, IN
Last Updated April 2026
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
22%
$700 - $1,000/month
56%
$1,001 - $1,500/month
19%
$1,501 - $2,000/month
3%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
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.
Neighborhood
Average Rent
Average 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.
Neighborhood
Average Rent
Average Sq Ft
Which Valparaiso neighborhoods have the most rentals available?
The neighborhoods in Valparaiso with the most apartments available are Pine Creek Estates and Downtown Valparaiso" .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Valparaiso, IN?
Because the average rent in Valparaiso is $1,250, you’ll want to make about $4,166 per month or $49,992 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 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.
Studio
$723/month
-
One Bedroom
$1,172/month
-
Two Bedroom
$1,590/month
-
Three Bedroom
$1,951/month
-
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IGC Residential Property Management
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27
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3,569
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Bayshore Properties
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21
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8,155
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18
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2 Communities in Valparaiso
Morgan Properties
-
390
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108,266
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238
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1 Community in Valparaiso
Flaherty & Collins, Inc
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58
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41
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1 Community in Valparaiso
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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 February 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.