Homes for Rent in Kokomo, IN

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What to Know About

Life in Kokomo & Beyond

Kokomo 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

Kokomo, IN

As of March 2026, Kokomo's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Kokomo's average rent is 25.4% ($324) lower than the Indiana average of $1,274 and 46.3% ($819) lower than the U.S. average of $1,769.

Average Rent
$950
Monthly ChangeMonth Over Month Change
Increased1.1% ($10)
Yearly ChangeYear Over Year Change
Increased8.1% ($71)
Avg. Days on MarketAverage Days on Market
32
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $793 Increased1.4% ($11) Decreased2% ($16)
2 Beds $981 Increased1.1% ($11) Increased1.2% ($12)
3 Beds $1,208 Increased2.9% ($34) Decreased0.1% ($1)
Nearby Cities Average Rent Avg. Rent vs. KokomoAverage Rent vs. Kokomo Avg. Days on MarketAverage Days on Market
Bunker Hill $778 Decreased18.1% ($172) 29 days
Galveston $903 Decreased4.9% ($47) 35 days
Tipton $975 Increased2.6% ($25) 35 days
Flora $896 Decreased5.7% ($54) 35 days
Peru $826 Decreased13.1% ($124) 32 days
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Kokomo Rental Market FAQs

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

The average rent in Kokomo, IN is $950 per month.
Homes in Kokomo typically rent for between $600 and $1,570 per month, with an average of $950 per month.
In Kokomo, the average rent for a 1-bedroom home is $793 per month, for a 2-bedroom home, $981 per month, and a 3-bedroom home is $1,208 per month.
The average rent in Kokomo is 46.3% ($819) lower than the national average of $1,769 per month.
The average rent in Kokomo has increased by 1.1% ($10) in the last month and increased by 8.1% ($71) over the past year.
The rental market in Kokomo, IN, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Kokomo, IN, the average rental stays on the market for approximately 32 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 37 rental properties available in Kokomo, IN.
Based on the current averages, a household would need an annual income of $39,240 to comfortably afford a 2-bedroom home in Kokomo.
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