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

Pendleton, IN

As of August 2025, Pendleton's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Pendleton's average rent is 18.9% ($236) higher than the Indiana average of $1,247 and 17.2% ($307) lower than the U.S. average of $1,790.

Average Rent

$1,483

Monthly ChangeMonth Over Month Change

6.7% ($93)

Yearly ChangeYear Over Year Change

9% ($146)

Avg. Days on MarketAverage Days on Market

Unit Type	Average Rent	Monthly ChangeMonth Over Month Change	Yearly ChangeYear Over Year Change
1 Bed	$1,273	7.9% ($93)	11.3% ($129)
2 Beds	$1,483	2% ($29)	12.8% ($168)
3 Beds	$1,853	5% ($88)	13% ($276)

Nearby Cities	Average Rent	Avg. Rent vs. PendletonAverage Rent vs. Pendleton	Avg. Days on MarketAverage Days on Market
Fortville	$1,346	9.2% ($137)	29 days
Anderson	$1,032	30.4% ($451)	38 days
McCordsville	$1,604	8.2% ($121)	32 days
Greenfield	$1,307	11.9% ($176)	36 days
Fishers	$2,266	52.8% ($783)	32 days

Rental market trends are calculated using listing data from RentalSource.

Frequently Asked Questions

Pendleton Rental Market FAQs

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

What is the average rent in Pendleton, IN?

The average rent in Pendleton, IN is $1,483 per month.

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

Homes in Pendleton typically rent for between $891 and $2,409 per month, with an average of $1,483 per month.

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

In Pendleton, the average rent for a 1-bedroom home is $1,273 per month, for a 2-bedroom home, $1,483 per month, and a 3-bedroom home is $1,853 per month.

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

The average rent in Pendleton is 17.2% ($307) lower than the national average of $1,790 per month.

How have rent prices in Pendleton, IN changed recently?

The average rent in Pendleton has increased by 6.7% ($93) in the last month and decreased by 9.0% ($146) over the past year.

How competitive is the rental market in Pendleton, IN?

The rental market in Pendleton, 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 Pendleton, IN?

In Pendleton, IN, the average rental stays on the market for approximately 36 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.

Can I afford to rent a home in Pendleton, IN?

Based on the current averages, a household would need an annual income of $59,320 to comfortably afford a 2-bedroom home in Pendleton.