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Homes & Apartments for Rent in Colfax, IN

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What to Know About

Life in Colfax & Beyond

Colfax shares many of the great qualities that make Indiana a desirable place to live.

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

Colfax, IN

As of November 2026, Colfax's rental market is stable, with rentals spending about 27 days on the market, about the same as in Indiana (27), and rents up 2.4% over the past year. Colfax's average rent is 6.3% ($92) lower than the Indiana average of $1,452 and 33.2% ($676) lower than the U.S. average of $2,036.

Average Rent
$1,360
Monthly ChangeMonth Over Month Change
Increased0.40% ($5)
Yearly ChangeYear Over Year Change
Increased2.4% ($32)
Days on Market
27
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $941 Increased0.78% ($7) Increased3.9% ($35)
2 Beds $1,110 Increased0.33% ($4) Increased1.5% ($16)
3 Beds $1,631 Increased0.62% ($10) Increased3.1% ($49)
Nearby Cities Average Rent Avg. Rent vs. ColfaxAverage Rent vs. Colfax Days on Market
Darlington $1,160 Decreased14.7% ($200) 27 days
Stockwell $978 Decreased28.1% ($382) 37 days
Frankfort $1,071 Decreased21.3% ($289) 29 days
Lebanon $1,633 Increased20.1% ($273) 30 days
Jamestown $1,187 Decreased12.7% ($173) 30 days
Based on rentals advertised on RentalSource in and around Colfax.
Frequently Asked Questions
Colfax Rental Market FAQs

Explore rental prices, market conditions, and affordability in Colfax, IN.

The average rent in Colfax, IN is about $1,360 per month.
In Colfax, the average rent is about $941 per month for a 1-bedroom home, about $1,110 for a 2-bedroom home and about $1,631 for a 3-bedroom home.
The average rent in Colfax is 33.2% ($676) lower than the national average of $2,036 per month.
The rental market in Colfax, IN is currently stable, with rentals spending about 27 days on the market, about the same as in Indiana (27), and rents up 2.4% over the past year.
Based on the current averages, a household would need an annual income of about $44,400 to comfortably afford a 2-bedroom home in Colfax.
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