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

Merrillville, IN

As of July 2025, Merrillville's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Merrillville's average rent is 28.7% ($363) higher than the Indiana average of $1,263 and 8.4% ($149) lower than the U.S. average of $1,775.

Average Rent

$1,626

Monthly ChangeMonth Over Month Change

0.2% ($4)

Yearly ChangeYear Over Year Change

3.7% ($58)

Avg. Days on MarketAverage Days on Market

Unit Type	Average Rent	Monthly ChangeMonth Over Month Change	Yearly ChangeYear Over Year Change
1 Bed	$1,092	5.3% ($61)	2.4% ($27)
2 Beds	$1,300	1.9% ($25)	1.1% ($14)
3 Beds	$1,707	1.6% ($27)	1.5% ($25)

Nearby Cities	Average Rent	Avg. Rent vs. MerrillvilleAverage Rent vs. Merrillville	Avg. Days on MarketAverage Days on Market
Gary	$1,044	35.8% ($582)	22 days
Highland	$2,210	35.9% ($584)	26 days
Schererville	$1,148	29.4% ($478)	25 days
Crown Point	$1,427	12.2% ($199)	24 days
Portage	$1,348	17.1% ($278)	30 days

Rental market trends are calculated using listing data from RentalSource.

Frequently Asked Questions

Merrillville Rental Market FAQs

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

What is the average rent in Merrillville, IN?

The average rent in Merrillville, IN is $1,626 per month.

What is the rental price range for apartments in Merrillville, IN?

Apartments in Merrillville typically rent for between $764 and $2,219 per month, with an average of $1,626 per month.

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

In Merrillville, the average rent for a 1-bedroom apartment is $1,092 per month, for a 2-bedroom apartment, $1,300 per month, and a 3-bedroom apartment is $1,707 per month.

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

The average rent in Merrillville is 8.4% ($149) lower than the national average of $1,775 per month.

How have rent prices in Merrillville, IN changed recently?

The average rent in Merrillville has decreased by 0.2% ($4) in the last month and increased by 3.7% ($58) over the past year.

How competitive is the rental market in Merrillville, IN?

The rental market in Merrillville, IN, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.

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

In Merrillville, IN, the average rental stays on the market for approximately 27 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 Merrillville, IN?

There are currently 10 rental properties available in Merrillville, IN.

Can I afford to rent an apartment in Merrillville, IN?

Based on the current averages, a household would need an annual income of $52,000 to comfortably afford a 2-bedroom apartment in Merrillville.