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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 July 2025, Indiana's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Indiana's average rent is 28.8% ($512) lower than the U.S. average of $1,775.
Average Rent
$1,263
Monthly ChangeMonth Over Month Change
1.1% ($14)
Yearly ChangeYear Over Year Change
3.5% ($46)
Avg. Days on MarketAverage Days on Market
31
| Unit Type | Average Rent | Monthly ChangeMonth Over Month Change | Yearly ChangeYear Over Year Change |
|---|---|---|---|
| 1 Bed | $1,099 | 2.6% ($28) | 0.2% ($2) |
| 2 Beds | $1,309 | 2% ($26) | 4.8% ($60) |
| 3 Beds | $1,589 | 4.3% ($72) | 11.6% ($209) |
| Top Markets in Indiana | Average Rent | Avg. Rent vs. INAverage Rent vs. Indiana | Avg. Days on MarketAverage Days on Market |
|---|---|---|---|
| Indianapolis | $1,229 | 2.7% ($34) | 32 days |
| Bloomington | $1,596 | 26.4% ($333) | 51 days |
| Fort Wayne | $1,202 | 4.8% ($61) | 36 days |
| Muncie | $886 | 29.8% ($377) | 66 days |
| Lafayette | $1,295 | 2.5% ($32) | 29 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 $1,263 per month.
Homes in Indiana typically rent for between $769 and $2,066 per month, with an average of $1,263 per month.
In Indiana, the average rent for a 1-bedroom home is $1,099 per month, for a 2-bedroom home, $1,309 per month, and a 3-bedroom home is $1,589 per month.
The average rent in Indiana is 28.8% ($512) lower than the national average of $1,775 per month.
The average rent in Indiana has decreased by 1.1% ($14) in the last month and decreased by 3.5% ($46) 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 $52,360 to comfortably afford a 2-bedroom home in Indiana.
