Average Rent Prices in Indiana (IN)
$1,2181
Average
$8791
Studio
$9371
1BR
$1,1561
2BR
$1,4531
3BR
$1,6661
4BR
🪄 RentalRealEstate Quick Answer
Indiana’s average fair market rent is $1,218/month, ranking 13th among US states lowest rent prices and 21.48% below the $1,551 national average. This page covers Indiana’s statewide rent averages by bedroom count, metro-area rent comparisons, and rent context versus neighboring states and national benchmarks.
As of 2026, the overall average fair market rent for a residential rental property in Indiana is $1,218. Average rent prices in Indiana sit below the national average rent of $1,551, in which Indiana ranks as the as the 13th lowest rent among all 50 states and the 38th highest rent among all 50 states within the United States. In Indiana’s large metropolitan areas such as Indianapolis, IN, the average rent prices tend to be higher, while alternative areas such as Carmel, IN, can provide more affordable options.
Indiana (IN) National Rent Rankings
38th
Highest Rent Among 50 States
13th
Lowest Rent Among 50 States
Below
The National Rent Average
$333
Per Month Below National Rent Average
21.48%
Per Month Below National Rent Average
Average Rent Prices in Indiana (IN) Visual Chart
Studio
A one-room unit with a private bathroom.
1BR
A unit that has a separate bathroom and a separate bedroom.
2BR
A unit that has two separate and distinct bedrooms.
3BR
A unit that has 3 separate and distinct bedrooms.
4BR
A unit that has 4 separate and distinct bedrooms.
Fair Market Rent
Gross rent estimate for a standard rental unit in a given market.
Average Rent Prices in Indiana (IN) by Metro Area
| wdt_ID | Metro | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|---|
| 1 | Anderson, IN HUD Metro FMR Area | 898 | 919 | 1206 | 1594 | 1597 |
| 2 | Bloomington, IN HUD Metro FMR Area | 966 | 1072 | 1210 | 1572 | 1906 |
| 3 | Carroll County, IN HUD Metro FMR Area | 709 | 742 | 973 | 1219 | 1328 |
| 4 | Cincinnati, OH-KY-IN HUD Metro FMR Area | 958 | 1051 | 1353 | 1785 | 1976 |
| 5 | Columbus, IN MSA | 1233 | 1257 | 1415 | 1697 | 2000 |
| 6 | Elkhart-Goshen, IN MSA | 968 | 992 | 1183 | 1553 | 1581 |
| 7 | Evansville, IN MSA | 853 | 860 | 1113 | 1370 | 1539 |
| 8 | Fort Wayne, IN HUD Metro FMR Area | 892 | 916 | 1113 | 1381 | 1512 |
| 9 | Franklin County, IN HUD Metro FMR Area | 796 | 861 | 1117 | 1473 | 1479 |
| 10 | Gary, IN HUD Metro FMR Area | 959 | 1082 | 1317 | 1612 | 1744 |
| 11 | Indianapolis-Carmel, IN HUD Metro FMR Area | 1118 | 1267 | 1473 | 1907 | 2338 |
| 12 | Jasper County, IN HUD Metro FMR Area | 889 | 895 | 1174 | 1535 | 1554 |
| 13 | Kokomo, IN MSA | 884 | 890 | 1123 | 1388 | 1567 |
| 14 | Lafayette-West Lafayette, IN HUD Metro FMR Area | 894 | 1032 | 1242 | 1489 | 1992 |
| 15 | Louisville, KY-IN HUD Metro FMR Area | 966 | 1047 | 1272 | 1625 | 1891 |
| 16 | Michigan City-La Porte, IN MSA | 874 | 953 | 1152 | 1454 | 1680 |
| 17 | Muncie, IN MSA | 803 | 845 | 1043 | 1349 | 1685 |
| 18 | Owen County, IN HUD Metro FMR Area | 770 | 798 | 956 | 1155 | 1509 |
| 19 | South Bend-Mishawaka, IN HUD Metro FMR Area | 898 | 1105 | 1292 | 1567 | 1711 |
| 20 | Sullivan County, IN HUD Metro FMR Area | 758 | 783 | 1028 | 1251 | 1720 |
| 21 | Terre Haute, IN HUD Metro FMR Area | 859 | 864 | 1094 | 1312 | 1535 |
| 22 | Tipton County, IN HUD Metro FMR Area | 840 | 845 | 1109 | 1330 | 1725 |
| 23 | Warren County, IN HUD Metro FMR Area | 688 | 845 | 956 | 1330 | 1376 |
| 24 | Washington County, IN HUD Metro FMR Area | 749 | 753 | 988 | 1185 | 1308 |
| 25 | Wells County, IN HUD Metro FMR Area | 750 | 755 | 991 | 1203 | 1393 |
| Metro | Studio | 1BR | 2BR | 3BR | 4BR |
Based on average of Fair Market Rents (FMRs) for 0-4 bedroom residential rental units throughout United States excluding Puerto Rico for calendar year 2025.
Year-Over-Year Changes in Indiana (IN) Rent Prices
6.38%
or
$73
Year-Over-Year Increase
$1,1451
2025 Average Historical Rent Price
$1,2181
2026 Average Current Rent Price
$1,2961
2027 Projected Average Rent Price
Based on average of Fair Market Rents (FMRs) for 0-4 bedroom residential rental units throughout United States excluding Puerto Rico for calendar year 2025, 2026, and estimated 2027 projection.
Indiana (IN) Rental Real Estate Resources
Indiana (IN) Property Management
Indiana rental property management focuses on handling tenant relations, property maintenance, and legal compliance to help property owners maximize their investment returns.
Indiana (IN) Rental Property Insurance
Indiana landlord insurance provides real estate investors with essential protection against financial losses caused by property damage, liability claims, loss of rental income, and other risks associated with rental properties.
Indiana (IN) Rental Property Loans
Indiana rental property loans offer investors flexible financing solutions for purchasing, refinancing, or renovating properties in a state known for its affordable housing and strong rental demand.
Indiana (IN) Rental Agreements
Residential rental agreement templates in Indiana provide a structured format for detailing the terms of a rental relationship, including rent, lease duration, and the responsibilities of both landlords and tenants.
The #1 Rental Property Newsletter
Once a month, we send out an exclusive Rental Property Market Update with top stories, current mortgage rates, building products, and more. No spam and unsubscribe anytime.
Indiana (IN) Rent Price Calculators
Need help with rent-related math? Use our rental property calculators to handle everything from price adjustments to fee calculations in just a few clicks.
Average Rent Prices in Other US States 2026
Rent prices for each state across the United States can greatly vary. Click on a State below to see the specific fair market residential rent prices for that state:
Search Rental Real Estate
Try searching out site for hundreds of rental property topics including loans, investor tool reviews, real estate companies, property management tips and more.
Average Rent in the United States
Average rent prices across the United States provide excellent insights into highs, lows, and emerging market trends.
Cheapest Rent in the United States
The cheapest rent in the U.S. is an appealing topic for thrifty tenants and investors seeking lower price point properties.
Most Expensive Rent in the United States
It’s no secret that rent prices have been continually on the rise, but where are rents really the highest in the United States?
Rental Property Rent Payments
Rent payments are the financial lifeblood for rental properties, but require fair and competitive pricing and effective collections.
Rental Property Investing
Rental property investing is a powerful and time-tested way to generate cashflow and build long term wealth through real estate.
Real Estate Investor Tools
Real estate investor tools enable investors to analyze, manage, and effectively optimize their rental properties and portfolio.
1Based on average of Fair Market Rents (FMRs) for 0-4 bedroom residential rental units throughout the United States, excluding Puerto Rico.
Methodology
Areas with insufficient inventory or populations less than 25,000 were excluded from this analysis. Averages are based on the combined average of 0-4 bedroom residential rental properties throughout the United States excluding Puerto Rico.
Data
Rent prices are based on aggregated data from one and/or several sources noted below:
Disclaimer
The information included is used for illustrative purposes only. The data contained herein does not constitute financial, legal, or any material advice. Data is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals before making any material decisions.