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Houses for Rent in Leo, IN

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What to Know About

Life in Leo & Beyond

Leo 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

Leo, IN

As of November 2026, Leo's rental market is highly competitive, with rentals spending about 17 days on the market, faster than in Indiana (27), and rents up 3.2% over the past year. Leo's average rent is 7.2% ($105) higher than the Indiana average of $1,452 and 23.5% ($479) lower than the U.S. average of $2,036.

Average Rent
$1,557
Monthly ChangeMonth Over Month Change
Increased0.29% ($5)
Yearly ChangeYear Over Year Change
Increased3.2% ($48)
Days on Market
17
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,229 Increased0.30% ($4) Increased5.6% ($65)
2 Beds $1,513 Increased0.13% ($2) Flat
3 Beds $2,016 Increased0.66% ($13) Increased4.9% ($94)
Nearby Cities Average Rent Avg. Rent vs. LeoAverage Rent vs. Leo Days on Market
Grabill $1,349 Decreased13.4% ($208) 17 days
Huntertown $1,552 Decreased0.3% ($5) 17 days
Spencerville $1,420 Decreased8.8% ($137) 17 days
Auburn $1,236 Decreased20.6% ($321) 27 days
Garrett $1,129 Decreased27.5% ($428) 27 days
Based on rentals advertised on RentalSource in and around Leo.
Frequently Asked Questions
Leo Rental Market FAQs

Explore rental prices, market conditions, and affordability in Leo, IN.

The average rent in Leo, IN is about $1,557 per month.
In Leo, the average rent is about $1,229 per month for a 1-bedroom house, about $1,513 for a 2-bedroom house and about $2,016 for a 3-bedroom house.
The average rent in Leo is 23.5% ($479) lower than the national average of $2,036 per month.
The rental market in Leo, IN is currently highly competitive, with rentals spending about 17 days on the market, faster than in Indiana (27), and rents up 3.2% over the past year.
Based on the current averages, a household would need an annual income of about $60,500 to comfortably afford a 2-bedroom house in Leo.
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