Homes for Rent in Indian River, MI

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What to Know About

Life in Indian River & Beyond

Indian River shares many of the great qualities that make Michigan a desirable place to live.

Michigan is bordered by four Great Lakes, making it a popular destination for boating and water activities. Michigan is also home to many national parks, including Isle Royale National Park and Sleeping Bear Dunes National Lakeshore. Explore the state's rich heritage through visits to renowned museums such as the Henry Ford Museum and the Michigan Historical Museum or get an excellent education at top universities like Michigan State University and the University of Michigan. In addition, Michigan boasts a robust economy in the manufacturing, technology, and tourism industries.

The state provides numerous opportunities for thrills and excitement. From soaking in the stunning views of the Great Lakes to hitting the ski slopes in the nearby mountains, outdoor enthusiasts will find plenty to love. Additionally, Michigan is home to several sports teams, including the Detroit Lions (NFL), Detroit Red Wings (NHL), Detroit Tigers (MLB), and Detroit Pistons (NBA). Explore famous attractions like Mackinac Island, the Detroit Institute of Arts, and scenic Mackinaw City.

Michigan offers a high quality of life, a strong economy, and a welcoming community, making it a great place to live.

Rental Market Trends

Indian River, MI

As of August 2025, Indian River's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Indian River's average rent is 17.2% ($238) lower than the Michigan average of $1,383 and 36.0% ($645) lower than the U.S. average of $1,790.

Average Rent
$1,145
Monthly ChangeMonth Over Month Change
Decreased0.1% ($1)
Yearly ChangeYear Over Year Change
No change
Avg. Days on MarketAverage Days on Market
37
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,000 No change No change
2 Beds $1,200 Decreased1.1% ($13) No change
3 Beds $1,542 Increased0.7% ($11) No change
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Indian River Rental Market FAQs

Explore rental prices, market trends, and availability in Indian River, MI.

The average rent in Indian River, MI is $1,145 per month.
Homes in Indian River typically rent for between $700 and $2,005 per month, with an average of $1,145 per month.
In Indian River, the average rent for a 1-bedroom home is $1,000 per month, for a 2-bedroom home, $1,200 per month, and a 3-bedroom home is $1,542 per month.
The average rent in Indian River is 36% ($645) lower than the national average of $1,790 per month.
The rental market in Indian River, MI, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Indian River, MI, the average rental stays on the market for approximately 37 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 2 rental properties available in Indian River, MI.
Based on the current averages, a household would need an annual income of $48,000 to comfortably afford a 2-bedroom home in Indian River.
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