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Rental Market Trends in Westfield, IN

What is the average rent in Westfield, IN?

$1,402/month

Average Rent

778 Sq Ft

Average Apartment Size

-1.1%

Decrease in the Last Year

As of July 2025, the average rent in Westfield, IN is $1,402 per month. For comparison, the national average rent price in the US is currently $1,637/month, which means Westfield rent prices are 14% lower than the national average. When you rent an apartment in Westfield, you can expect to pay about $1,265 per month for a studio, $1,402 for a one-bedroom apartment, and around $1,690 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,114 or more.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$1,265/month
595 Sq Ft
One Bedroom
$1,402/month
778 Sq Ft
Two Bedroom
$1,690/month
1,095 Sq Ft
Three Bedroom
$2,114/month
1,410 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Three Bedroom
$2,338/month
1,822 Sq Ft
Four Bedroom
$4,098/month
3,104 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Three Bedroom
$2,313/month
1,749 Sq Ft

How much has average rent changed in Westfield, IN?

In the past year, rent has decreased by 1.1%, which averages out to $15 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 July 2025
Legend
2024 2025
Market Trends Over Time
Rent Ranges in Westfield, IN
Last Updated July 2025
$1,501 - $2,000
Most rental prices fall within this range
Rent Ranges in Westfield, IN
Percentage*
Rent Range
5% Below $700/month
5% $700 - $1,000/month
21% $1,001 - $1,500/month
58% $1,501 - $2,000/month
11% Above $2,000/month

Rent by Neighborhood

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

What are the most affordable neighborhoods in Westfield?

Based on current rent prices, Merrimac and Newbys Westfield Heights" are the most affordable neighborhoods in Westfield.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Merrimac
$1,373/month
895 Sq Ft
Newbys Westfield Heights
$1,821/month
796 Sq Ft

What are the most expensive neighborhoods in Westfield?

Based on current rent prices, Newbys Westfield Heights and Merrimac" are the most expensive neighborhoods in Westfield.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Newbys Westfield Heights
$1,821/month
796 Sq Ft
Merrimac
$1,373/month
895 Sq Ft

Which Westfield neighborhoods have the most rentals available?

The neighborhoods in Westfield with the most apartments available are Newbys Westfield Heights and Merrimac" .

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Newbys Westfield Heights
$1,821/month
796 Sq Ft
Merrimac
$1,373/month
895 Sq Ft
This information is based on data collected by CoStar Group researchers.†

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

Because the average rent in Westfield is $1,402, you’ll want to make about $4,673 per month or $56,076 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

Westfield, IN

1,076 Available Apartments for Rent

Search for Nearby Apartments

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

Use the tool below to compare Westfield, 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 Westfield, IN

Apartment Averages

Merrimac

Westfield, IN

Newbys Westfield Heights

Westfield, IN

Studio
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-
One Bedroom
-
-
Two Bedroom
-
-
Three Bedroom
-
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Nearby City Rent Trends

  • Carmel Average Rent
  • Zionsville Average Rent
  • Noblesville Average Rent
  • Fishers Average Rent
  • Whitestown Average Rent

Apartment communities in Westfield we think you'll love

Tempo At Grand Park

Tempo At Grand Park

18237 Tempo Blvd,
Westfield, IN 46074

1-3 Beds | $1,410 - $2,454

The Carlyle at Chatham Hills

The Carlyle at Chatham Hills

19530 Chad Hittle Dr,
Westfield, IN 46074

1-3 Beds | $1,370 - $2,425

The Union at Grand Junction

The Union at Grand Junction

170 Jersey St,
Westfield, IN 46074

Studio - 2 Beds | $1,249 - $2,329

Charlestown on the Monon

Charlestown on the Monon

960 Charlestown Rd,
Westfield, IN 46074

1-3 Beds | $1,325 - $2,170

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United States Indiana Westfield 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