Homes for Rent in Monrovia, IN

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What to Know About

Life in Monrovia & Beyond

Monrovia 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

Morgan County, IN

As of May 2025, Morgan County's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Morgan County's average rent is 16.3% ($212) higher than the Indiana average of $1,298 and 15.8% ($283) lower than the U.S. average of $1,793.

Average Rent
$1,510
Monthly ChangeMonth Over Month Change
Decreased1.2% ($18)
Yearly ChangeYear Over Year Change
Decreased2.4% ($37)
Avg. Days on MarketAverage Days on Market
33
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,133 Decreased3.9% ($46) Increased5% ($54)
2 Beds $1,449 Decreased1% ($14) Increased1.1% ($16)
3 Beds $1,759 Increased1.8% ($31) Decreased0.3% ($5)
Cities within Morgan County Average Rent Avg. Rent vs. MorganAverage Rent vs. Morgan County Avg. Days on MarketAverage Days on Market
Camby $1,623 Increased7.5% ($113) 29 days
Mooresville $988 Decreased34.6% ($522) 30 days
Martinsville $1,178 Decreased22% ($332) 31 days
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Morgan County Rental Market FAQs

Explore rental prices, market trends, and availability in Morgan County, IN.

The average rent in Morgan County, IN is $1,510 per month.
Homes in Morgan County typically rent for between $793 and $2,287 per month, with an average of $1,510 per month.
In Morgan County, the average rent for a 1-bedroom home is $1,133 per month, for a 2-bedroom home, $1,449 per month, and a 3-bedroom home is $1,759 per month.
The average rent in Morgan County is 15.8% ($283) lower than the national average of $1,793 per month.
The average rent in Morgan County has decreased by 1.2% ($18) in the last month and decreased by 2.4% ($37) over the past year.
The rental market in Morgan County, IN, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Morgan County, IN, the average rental stays on the market for approximately 33 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 27 rental properties available in Morgan County, IN.
Based on the current averages, a household would need an annual income of $57,960 to comfortably afford a 2-bedroom home in Morgan County.
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