Apartments & Condos for Rent in Indiana

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What to Know About

Living in Indiana

Indiana is where the past meets the present, and the great outdoors is right at your fingertips. Get to know the rich cultural heritage of this Midwestern gem by visiting incredible museums like the Eiteljorg Museum of American Indians and Western Art, or check out the top universities like Purdue University and Indiana University. Indiana is a hub of economic activity, with its thriving manufacturing, agriculture, and transportation industries.

The state also offers plenty of opportunities for those seeking adventure and excitement. From exploring the beautiful state parks to fishing in its many lakes and rivers, Indiana is a nature-lovers paradise from the Hoosier National Forest to the Ohio River. And for sports fans, check out the Indianapolis Colts (NFL) and Indiana Pacers (NBA) or catch a game at universities like Purdue or Indiana. In addition, discover famous attractions like the Indianapolis Motor Speedway, home of the world-famous Indianapolis 500 race, the Children's Museum of Indianapolis, and the historic town of Brown County.

With its strong economy, quality education, and lively atmosphere, Indiana is the perfect place to live.

Rental Market Trends

Indiana

As of April 2025, Indiana's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Indiana's average rent is 27.5% ($494) lower than the U.S. average of $1,799.

Average Rent
$1,305
Monthly ChangeMonth Over Month Change
Increased0.9% ($11)
Yearly ChangeYear Over Year Change
Decreased1.4% ($19)
Avg. Days on MarketAverage Days on Market
31
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,071 Decreased1.4% ($15) Decreased0.2% ($2)
2 Beds $1,300 Increased0.5% ($7) Increased5.3% ($65)
3 Beds $1,701 Increased0.2% ($4) Increased0.9% ($16)
Top Markets in Indiana Average Rent Avg. Rent vs. INAverage Rent vs. Indiana Avg. Days on MarketAverage Days on Market
Indianapolis $1,339 Increased2.6% ($34) 32 days
Bloomington $1,626 Increased24.6% ($321) 51 days
Fort Wayne $1,282 Decreased1.8% ($23) 36 days
Lafayette $1,279 Decreased2% ($26) 29 days
Muncie $859 Decreased34.2% ($446) 66 days
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Indiana Rental Market FAQs

Explore rental prices, market trends, and availability in Indiana.

The average rent in Indiana is $1,305 per month.
Apartments in Indiana typically rent for between $750 and $2,211 per month, with an average of $1,305 per month.
In Indiana, the average rent for a 1-bedroom apartment is $1,071 per month, for a 2-bedroom apartment, $1,300 per month, and a 3-bedroom apartment is $1,701 per month.
The average rent in Indiana is 27.5% ($494) lower than the national average of $1,799 per month.
The average rent in Indiana has increased by 0.9% ($11) in the last month and decreased by 1.4% ($19) over the past year.
The rental market in Indiana, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Indiana, the average rental stays on the market for approximately 31 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
Based on the current averages, a household would need an annual income of $52,000 to comfortably afford a 2-bedroom apartment in Indiana.
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