Landlord Resources
How to Get a Loan for a Rental Property
Rental property loans differ from traditional mortgages, needing larger down payments, higher interest rates, and reserves, often disregarding projected rental income.
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Viewing 1-4 of 4 rentals in 46403
What to Know About
Life in Gary & Beyond
Gary 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
Gary, IN
As of June 2026, Gary's rental market is highly competitive, where rentals lease within days, often attracting multiple applications and above-asking offers. Gary's average rent is 12.4% ($160) lower than the Indiana average of $1,287 and 37.3% ($670) lower than the U.S. average of $1,797.
Average Rent
$1,127
Monthly ChangeMonth Over Month Change
5.4% ($58)
Yearly ChangeYear Over Year Change
4.6% ($50)
Avg. Days on MarketAverage Days on Market
22
| Unit Type | Average Rent | Monthly ChangeMonth Over Month Change | Yearly ChangeYear Over Year Change |
|---|---|---|---|
| 1 Bed | $785 | 2.9% ($22) | 8.6% ($62) |
| 2 Beds | $1,039 | 8.5% ($81) | 6.2% ($61) |
| 3 Beds | $1,320 | 1.1% ($15) | 3.8% ($52) |
| Nearby Cities | Average Rent | Avg. Rent vs. GaryAverage Rent vs. Gary | Avg. Days on MarketAverage Days on Market |
|---|---|---|---|
| Merrillville | $1,627 | 44.4% ($500) | 27 days |
| Griffith | $1,288 | 14.3% ($161) | 23 days |
| Highland | $2,094 | 85.8% ($967) | 26 days |
| East Chicago | $999 | 11.4% ($128) | 26 days |
| Hobart | $1,567 | 39% ($440) | 23 days |
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Gary Rental Market FAQs
Explore rental prices, market trends, and availability in Gary, IN.
The average rent in Gary, IN is $1,127 per month.
Homes in Gary typically rent for between $600 and $1,716 per month, with an average of $1,127 per month.
In Gary, the average rent for a 1-bedroom home is $785 per month, for a 2-bedroom home, $1,039 per month, and a 3-bedroom home is $1,320 per month.
The average rent in Gary is 37.3% ($670) lower than the national average of $1,797 per month.
The average rent in Gary has increased by 5.4% ($58) in the last month and increased by 4.6% ($50) over the past year.
The rental market in Gary, IN, is currently highly competitive, where rentals lease within days, often attracting multiple applications and above-asking offers.
In Gary, IN, the average rental stays on the market for approximately 22 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There are currently 51 rental properties available in Gary, IN.
Based on the current averages, a household would need an annual income of $41,560 to comfortably afford a 2-bedroom home in Gary.
