What is the average rent in Indiana?
According to the most recent data from Zillow, the average rent in Indiana for December 2020 is $1,050. With an averge apartment size of 1,286 sqft, the average price per square foot in Indiana is $0.816.
Compared to the national average of $1,650, Indiana rent costs -36.4% 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?
Median Rent By Bedrooms In Indiana
As you would expect, the median price for rent in Indiana increases as the number of bedrooms in the unit increases. Studios rent the cheapest in Indiana clocking in at $758, while a four bedroom rental will set you back $1,455 per month.
We think the best deal comes in the form of a two bedroom for $890 per month, however, if you don't mind having roommates, the best option on a per room basis is a 4-bedroom rental for $363/room/month.
Read on to find out more or for more on Indiana check out:
Month Over Month Indiana Rent Statistics
Indiana has experienced a $-45 change in rent over the past month going from $1,095 to $1,050. That change comes out to -4.1%.
For reference, the US national average rent changed $0 in the past month or 0.0%.
Here's a look at the month over month change for each month since 2010 for Indiana:
Year Over Year Indiana Rent Statistics
Over the past year, the average rent in Indiana changed $25 from $1,025 to $1,050. A change of $25 means that rents changed 2.4% in a year.
That compares to the US national change of $5 in the past year or 0.3%.
Here's a look at the year over year change by month since 2011 for Indiana:
The 10 Places With The Highest Rent In Indiana
Median Rent: $1,425
More on Whitestown: Real Estate | Data | Photos
Median Rent: $1,399
More on Winfield: Real Estate | Data | Photos
Median Rent: $1,349
More on New Whiteland: Real Estate | Data
Source: Public domain
Median Rent: $1,336
More on Zionsville: Real Estate | Data | Photos
Median Rent: $1,243
More on Westfield: Real Estate | Data | Photos
Median Rent: $1,230
More on Carmel: Real Estate | Data | Photos
Median Rent: $1,166
More on Mccordsville: Real Estate | Data | Photos
Median Rent: $1,147
More on Munster: Real Estate | Data | Photos
Median Rent: $1,128
More on Avon: Real Estate | Data | Photos
Median Rent: $1,104
More on Brownsburg: Real Estate | Data | Photos
Learn More About Living In Indiana
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.