Rental Market Trends in Indiana
$1,128/month
Average Rent
+1.7%
Increase in the Last Year
+$19
Average Price Increase
Ranked 14th
Least Expensive Rent by State
33,749
Available Rentals
Muncie, IN
City with the Lowest Rent
What is the average rent in Indiana?
As of April 2026, the average rent in Indiana is $1,128/month. When you rent an apartment in Indiana, you can expect some variability depending on the region. For instance, metropolitan areas may have higher rents than smaller towns and rural areas. In general, you can expect to pay about $991 per month for a studio, $1,128 for a one-bedroom apartment, and around $1,327 for a two-bedroom apartment in Indiana. If you opt for a three-bedroom rental, you could pay $1,630 or more.
Rent by City
What are the most affordable cities in Indiana?
Based on current rent prices, the cheapest cities in Indiana to live are Muncie, Gary and Evansville.
What are the most expensive cities in Indiana?
Based on current rent prices, the most expensive cities in Indiana to live are Carmel, Fishers and Noblesville.
Nearby State Markets
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Methodology
† 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.
State graphics provided by ProPublica
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