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

Hobart, IN

As of April 2026, Hobart's rental market is highly competitive, where rentals lease within days, often attracting multiple applications and above-asking offers. Hobart's average rent is 7.8% ($100) higher than the Indiana average of $1,282 and 22.7% ($406) lower than the U.S. average of $1,788.

Average Rent

$1,382

Monthly ChangeMonth Over Month Change

3.2% ($46)

Yearly ChangeYear Over Year Change

64.3% ($541)

Avg. Days on MarketAverage Days on Market

Unit Type	Average Rent	Monthly ChangeMonth Over Month Change	Yearly ChangeYear Over Year Change
1 Bed	$1,104	1.3% ($15)	32.4% ($270)
2 Beds	$1,325	1% ($14)	32.9% ($328)
3 Beds	$1,942	0.5% ($10)	48.9% ($638)

Nearby Cities	Average Rent	Avg. Rent vs. HobartAverage Rent vs. Hobart	Avg. Days on MarketAverage Days on Market
Merrillville	$1,583	14.5% ($201)	27 days
Portage	$1,433	3.7% ($51)	30 days
Gary	$1,070	22.6% ($312)	22 days
Crown Point	$1,819	31.6% ($437)	24 days
Valparaiso	$1,394	0.9% ($12)	34 days

Rental market trends are calculated using listing data from RentalSource.

Frequently Asked Questions

Hobart Rental Market FAQs

Explore rental prices, market trends, and availability in Hobart, IN.

What is the average rent in Hobart, IN?

The average rent in Hobart, IN is $1,382 per month.

What is the rental price range for homes in Hobart, IN?

Homes in Hobart typically rent for between $773 and $2,525 per month, with an average of $1,382 per month.

What is the average rent for different bedroom sizes in Hobart, IN?

In Hobart, the average rent for a 1-bedroom home is $1,104 per month, for a 2-bedroom home, $1,325 per month, and a 3-bedroom home is $1,942 per month.

How do rent prices in Hobart, IN compare with the national average?

The average rent in Hobart is 22.7% ($406) lower than the national average of $1,788 per month.

How have rent prices in Hobart, IN changed recently?

The average rent in Hobart has decreased by 3.2% ($46) in the last month and increased by 64.3% ($541) over the past year.

How competitive is the rental market in Hobart, IN?

The rental market in Hobart, IN, is currently highly competitive, where rentals lease within days, often attracting multiple applications and above-asking offers.

How long do rentals stay on the market in Hobart, IN?

In Hobart, IN, the average rental stays on the market for approximately 23 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.

How many rental properties are available in Hobart, IN?

There are currently 6 rental properties available in Hobart, IN.

Can I afford to rent a home in Hobart, IN?

Based on the current averages, a household would need an annual income of $53,000 to comfortably afford a 2-bedroom home in Hobart.