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

New Palestine, IN

As of May 2026, New Palestine's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. New Palestine's average rent is 32.6% ($419) lower than the Indiana average of $1,284 and 51.6% ($924) lower than the U.S. average of $1,789.

Average Rent

$865

Monthly ChangeMonth Over Month Change

16.7% ($174)

Yearly ChangeYear Over Year Change

No change

Avg. Days on MarketAverage Days on Market

Unit Type	Average Rent	Monthly ChangeMonth Over Month Change	Yearly ChangeYear Over Year Change
1 Bed	$719	2.3% ($16)	No change
2 Beds	$865	1.8% ($15)	No change
3 Beds	$1,080	2.9% ($30)	No change

Nearby Cities	Average Rent	Avg. Rent vs. New PalestineAverage Rent vs. New Palestine	Avg. Days on MarketAverage Days on Market
Greenfield	$931	7.6% ($66)	36 days
Beech Grove	$1,080	24.9% ($215)	36 days
Fortville	$1,434	65.8% ($569)	29 days
Indianapolis	$1,245	43.9% ($380)	32 days
Shelbyville	$929	7.4% ($64)	29 days

Rental market trends are calculated using listing data from RentalSource.

Frequently Asked Questions

New Palestine Rental Market FAQs

Explore rental prices, market trends, and availability in New Palestine, IN.

What is the average rent in New Palestine, IN?

The average rent in New Palestine, IN is $865 per month.

What is the rental price range for homes in New Palestine, IN?

Homes in New Palestine typically rent for between $600 and $1,404 per month, with an average of $865 per month.

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

In New Palestine, the average rent for a 1-bedroom home is $719 per month, for a 2-bedroom home, $865 per month, and a 3-bedroom home is $1,080 per month.

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

The average rent in New Palestine is 51.6% ($924) lower than the national average of $1,789 per month.

How competitive is the rental market in New Palestine, IN?

The rental market in New Palestine, 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 New Palestine, IN?

In New Palestine, IN, 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.

How many rental properties are available in New Palestine, IN?

There are currently 3 rental properties available in New Palestine, IN.

Can I afford to rent a home in New Palestine, IN?

Based on the current averages, a household would need an annual income of $34,600 to comfortably afford a 2-bedroom home in New Palestine.