Average Rent In Indiana For January 2024
Average Rent
What is the average rent in Indiana?
The average rent in Indiana for January 2024 is $1,087, according to the most recent data from ApartmentList - January 3, 2024. The average rent of a 2-bedroom apartment in Indiana is $1,096. The average rent of a 1-bedroom apartment in Indiana is $901.
Compared to the national average of $1,379, Indiana rent costs -21.2% less. Read our analysis of rents by state to see how Indiana ranks.
Here's a look at how average rents have changed over time:
How Does Indiana Rent Compare To The Rest Of The Country?
| Statistic | IN | USA | % Difference |
|---|---|---|---|
| Average Rent | $1,087 | $1,379 | -21.2% |
| M-o-M Change | $1 | -$11 | -109.1% |
| Y-o-Y Change | $28 | -$14 | -300.0% |
| M-o-M % Change | 0.1% | -0.8% | - |
| Y-o-Y % Change | 2.6% | -1.0% | - |
Median Rent By Bedrooms In Indiana
1-Bedroom
2-Bedroom
As you would expect, the median price for rent in Indiana increases as the number of bedrooms in the unit increases. 1-Bedroom rent is the cheapest in Indiana clocking in at $901, while a 2-bedroom rental will set you back $1,096 per month.
If you don't mind having roommates, the best option on a per room basis is a 2-bedroom rental for $548/room/month.
Read on to find out more or for more on Indiana check out:
Month Over Month Indiana Rent Statistics
M-o-M Increase
M-o-M Increase
Indiana has experienced a $1 change in rent over the past month going from $1,086 to $1,087. That change comes out to 0.1%.
For reference, the US national average rent changed -$11 in the past month or -0.8%.
Here's a look at the month over month change for each month since 2017 for Indiana:
Year Over Year Indiana Rent Statistics
Y-o-Y Increase
Y-o-Y Increase
Over the past year, the average rent in Indiana changed $28 from $1,059 to $1,087. A change of $28 means that rents changed 2.6% in a year.
That compares to the US national change of -$14 in the past year or -1.0%.
Here's a look at the year over year change by month since 2017 for Indiana:
The 10 Places With The Highest Rent In Indiana
Population: 6,487
Median Rent: $1,425
More on Whitestown: Data | Crime | Cost Of Living | Real Estate
Population: 5,395
Median Rent: $1,399
More on Winfield: Data | Cost Of Living | Real Estate
Population: 5,881
Median Rent: $1,349
More on New Whiteland: Data | Crime | Cost Of Living | Real Estate
Population: 25,810
Median Rent: $1,336
More on Zionsville: Data | Crime | Cost Of Living | Real Estate
Population: 35,956
Median Rent: $1,243
More on Westfield: Data | Crime | Cost Of Living | Real Estate
Population: 88,595
Median Rent: $1,230
More on Carmel: Data | Crime | Cost Of Living | Real Estate
Population: 6,116
Median Rent: $1,166
More on Mccordsville: Data | Crime | Cost Of Living | Real Estate
Population: 23,005
Median Rent: $1,147
More on Munster: Data | Crime | Cost Of Living | Real Estate
Population: 16,479
Median Rent: $1,128
More on Avon: Data | Crime | Cost Of Living | Real Estate
Population: 24,625
Median Rent: $1,104
More on Brownsburg: Data | Crime | Cost Of Living | Real Estate
Learn More About Living In Indiana
About Chris Kolmar
Chris Kolmar has been in the real estate business for almost ten years now. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks.
He believes the key to finding the right place to live comes down to looking at the data, reading about things to do, and, most importantly, checking it out yourself before you move.
If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already.
You can find out more about him on LinkedIn.