Average Rent in Indiana

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Current Versus Historical Indiana Rents

Indiana rentals average $600 for a 1-bedroom rental to $2,800 for a 3-bedroom rental. The median price of all currently available listings is $2,800, or roughly $2 per square feet.

For the apartment units and housing in January 2025, median rents have fallenover the last year. Studio rentals prices have decreased by $268 (-35.10%) year-over-year from $763 to $495. 1-bedroom rentals prices have decreased by $71 (-7.34%) year-over-year from $971 to $900. 2-bedroom rentals prices have decreased by $140 (-12.28%) year-over-year from $1,140 to $1,000. 3-bedroom rentals prices have increased by $84 (5.91%) year-over-year from $1,416 to $1,500. 4-bedroom rentals prices have decreased by $916 (-47.49%) year-over-year from $1,928 to $1,013. Note that this figure includes all active and rented listings throughout the month.

Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone down by 21.39% this month. 1-bedroom rents have gone down by 10.00% this month. 2-bedroom rents have gone down by 31.21% this month. 3-bedroom rents have gone up by 4.19% this month. 4-bedroom rents have gone down by 18.72% this month.

Beds	Price / Sqft	Jan 2025 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
1 BR	$6.37	$900	$971 (-7.34%)	$933 (-3.57%)
2 BR	$0.96	$1,000	$1,140 (-12.28%)	$1,047 (-4.46%)
3 BR	$1.73	$1,500	$1,416 (5.91%)	$1,312 (14.33%)

Historical Rents in Indiana

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Indiana

There are a total of 18 cities nearby Indiana. The average rent in Indiana is currently $2,400 per month. A total of 16 cities nearby have an average rent lower than that. Our records show that Toledo, OH, with an average rent of $825, is the most affordable city nearby. In contrast, the most expensive city near Indiana is North Atlanta, GA. Monthly rents here are on average $3,500 per month.

Let's compare Indiana's rent against other top cities nearby by bedroom size. One bedrooms are about 157.79% more affordable. Two bedrooms in Indiana are about 11.04% more affordable. Finally, rent for three bedrooms are about 4.46% more expensive. Want more information? Check out the top 10 cities out of 18 total cities near Indiana in the following chart.

City	Studio	1 Bed	2 Bed	All
Toledo, OH	N/A	$660	$800	$825
Detroit, MI	N/A	$1,350	$1,200	$1,250
Nashville, TN	$1,106	$1,333	$1,516	$1,437
Chicago, IL	$1,350	$1,800	$2,200	$2,150
Schaumburg, IL	N/A	$2,094	$2,382	$2,250
Aurora, IL	N/A	$1,400	$2,250	$2,400
Oak Park, IL	N/A	$2,175	$2,595	$2,650
Naperville, IL	N/A	N/A	$2,250	$2,750
Evanston, IL	N/A	$2,225	$2,873	$2,750
Alpharetta, GA	N/A	$1,886	$2,000	$3,150

Top Neighborhoods Near Indiana

There are a total of 18 neighborhoods in or near Indiana. Some of these neighborhoods include South Shore, Uptown, and Rogers Park. We've included all of these top 18 neighborhoods in or near Indiana in the following chart.

The average rent for these 18 neighborhoods in or near Indiana is currently around $2,295 per month. A total of 15 neighborhoods have a lower average rent. Meaning, only three neighborhoods have a higher average rent than $2,295. Out of all the neighborhoods in or near Indiana, South Shore has the most affordable average rent at $1,450 per month. Whereas, at $3,970 average rent per month, North Buckhead is the most expensive neighborhood in or near Indiana. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
South Shore, Chicago, IL	$973	$1,050	$1,450	$1,450
Uptown, Chicago, IL	$1,195	$1,575	$2,299	$1,593
Rogers Park, Chicago, IL	$1,200	$1,530	$1,875	$1,675
Edgewater, Chicago, IL	$1,308	$1,650	$2,198	$1,750
Pilsen, Chicago, IL	N/A	$1,600	$1,595	$1,925
Humboldt Park, Chicago, IL	N/A	$2,375	$1,650	$2,083
West Rogers Park, Chicago, IL	N/A	$1,550	$1,925	$2,100
Bronzeville, Chicago, IL	N/A	$1,638	$2,115	$2,248
Midtown, Atlanta, GA	$1,750	$1,900	$2,600	$2,290
Logan Square, Chicago, IL	$1,595	$2,200	$2,200	$2,300
Hyde Park, Chicago, IL	$1,145	$1,520	$1,885	$2,350
Lakeview, Chicago, IL	$1,500	$1,997	$2,800	$2,400
Old Fourth Ward, Atlanta, GA	N/A	$2,148	$2,910	$2,609
South Loop, Chicago, IL	$1,750	$2,200	$2,800	$2,625
West Town, Chicago, IL	$2,360	$2,330	$2,667	$2,750
Near North Side, Chicago, IL	$1,830	$2,450	$3,800	$2,973
The Loop, Chicago, IL	$2,020	$2,575	$3,275	$3,200
North Buckhead, Atlanta, GA	N/A	$2,098	$3,825	$3,970

Top Counties Near Indiana

There are a total of 18 counties located by Indiana. Some of these counties include Lucas, OH, Wayne, MI, and Davidson, TN. The average rent for rentals in these counties is $2,200. That's roughly around $1 per sqft. A total of 28 counties have a lower average rent. The county that is the most affordable is Lucas, OH. It's average rent per month is $850. Vice versa, with an average rent of $2,975, Fayette, GA is the most expensive county by Indiana.

In comparison, rent for one bedroom listings in Indiana is 150.83% more affordable than other counties nearby. Finally, rent for two bedrooms in Indiana is on par with the other counties nearby. We've listed the top 10 counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Lucas, OH	N/A	$668	$825	$850
Wayne, MI	N/A	$1,195	$1,450	$1,350
Davidson, TN	$1,106	$1,333	$1,516	$1,437
Cook, IL	$1,350	$1,800	$2,200	$2,200
Kane, IL	$1,500	$1,675	$2,000	$2,200
McHenry, IL	N/A	$1,300	$1,995	$2,300
Will, IL	N/A	$1,300	$2,225	$2,500
DuPage, IL	N/A	$1,802	$2,249	$2,500
Lake, IL	$950	$2,063	$2,200	$2,500
Washtenaw, MI	$2,120	$1,948	$2,288	$2,500

Top Zipcodes Near Indiana

There are a total of 13 zipcodes in or near Indiana. The average rent for all of these zipcodes is $2,425. A total of 12 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 30344, College Park, GA at $1,850 per month. In comparison, the zipcode with the most expensive average rent of $3,795 per month is 30342, Sandy Springs, GA.

Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near Indiana is $1,610 per month. Or in other words, $2 per sqft. Meanwhile, two bedroom apartments will cost you an average of $1,998 per month. Which comes out to $2 per sqft. The following chart includes the top 10 zipcodes in Indiana. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
30318, Atlanta, GA	$1,522	$1,610	$2,500	$2,390
60618, Chicago, IL	$1,695	$1,820	$2,100	$2,398
30309, Atlanta, GA	$1,750	$1,898	$2,697	$2,250
30024, Gwinnett County, GA	N/A	$1,610	$1,805	$2,695
60615, Chicago, IL	$1,178	$1,520	$1,885	$2,050
30328, Sandy Springs, GA	$1,520	$1,623	$2,060	$2,060
30080, Smyrna, GA	N/A	$1,500	$1,998	$2,500
30316, DeKalb County, GA	N/A	$2,300	$2,359	$2,560
30188, Cherokee County, GA	N/A	$1,586	$1,796	$2,500
30022, Johns Creek, GA	N/A	$1,665	$1,846	$2,600

Frequently Asked Questions - Indiana Average Rents

What is the average rent price in Indiana?

The average monthly rental price for Indiana apartments for rent is approximately $2,800. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do Indiana rent prices drop in winter?

Yes! On average we see a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment for rent in Indiana.

How much is a studio apartment in Indiana?

The average monthly rental price for studio apartments is $0 and an average price per square feet of $0.00. There are a total of 0 studio apartment listings currently available for rent in Indiana.

How much is a one bedroom apartment in Indiana?

The average monthly rental price for one bedroom apartments is $600 and an average price per square feet of $6.37. There are a total of 3 one bedroom apartment listings currently available for rent in Indiana.

How much is a two bedroom apartment in Indiana?

The average monthly rental price for two bedroom apartments is $1,800 and an average price per square feet of $0.96. There are a total of 3 two bedroom apartment listings currently available for rent in Indiana.

How have rent prices in Indiana changed this year?

Rent prices for rentals in Indiana can fluctuate yearly. Specifically, studio rental prices have changed by -0.35%, one bedroom rental prices have changed by -0.07%, two bedroom rental prices have changed by -0.12%, and three bedroom rental prices have changed by 0.06% year-over-year.

What is a reasonable rent price in Indiana?

A reasonable rent price in Indiana is around $2,240/month. You can search for these reasonably priced rental listings on RentHop.