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Homes & Apartments for Rent in Pendleton, IN

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What to Know About

Life in Pendleton & Beyond

Pendleton 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

Pendleton, IN

As of November 2026, Pendleton's rental market is balanced, with rentals spending about 31 days on the market, slower than in Indiana (27), and rents down 2.5% over the past year. Pendleton's average rent is 8.6% ($125) higher than the Indiana average of $1,452 and 22.5% ($459) lower than the U.S. average of $2,036.

Average Rent
$1,577
Monthly ChangeMonth Over Month Change
Decreased0.45% ($7)
Yearly ChangeYear Over Year Change
Decreased2.5% ($40)
Days on Market
31
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,071 Decreased0.21% ($2) Decreased1.3% ($14)
2 Beds $1,352 Decreased0.23% ($3) Decreased2.2% ($30)
3 Beds $1,740 Increased0.22% ($4) Increased1.4% ($24)
Nearby Cities Average Rent Avg. Rent vs. PendletonAverage Rent vs. Pendleton Days on Market
Fortville $1,904 Increased20.7% ($327) 34 days
Wilkinson $1,309 Decreased17.0% ($268) 30 days
Anderson $990 Decreased37.2% ($587) 27 days
McCordsville $1,799 Increased14.1% ($222) 29 days
Greenfield $1,324 Decreased16.0% ($253) 30 days
Based on rentals advertised on RentalSource in and around Pendleton.
Frequently Asked Questions
Pendleton Rental Market FAQs

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

The average rent in Pendleton, IN is about $1,577 per month.
In Pendleton, the average rent is about $1,071 per month for a 1-bedroom home, about $1,352 for a 2-bedroom home and about $1,740 for a 3-bedroom home.
The average rent in Pendleton is 22.5% ($459) lower than the national average of $2,036 per month.
The rental market in Pendleton, IN is currently balanced, with rentals spending about 31 days on the market, slower than in Indiana (27), and rents down 2.5% over the past year.
Based on the current averages, a household would need an annual income of about $54,100 to comfortably afford a 2-bedroom home in Pendleton.
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