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

Rensselaer, IN

As of August 2025, Rensselaer's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Rensselaer's average rent is 29.7% ($370) lower than the Indiana average of $1,247 and 51.0% ($913) lower than the U.S. average of $1,790.

Average Rent

$877

Monthly ChangeMonth Over Month Change

1.5% ($13)

Yearly ChangeYear Over Year Change

14.5% ($111)

Avg. Days on MarketAverage Days on Market

Unit Type	Average Rent	Monthly ChangeMonth Over Month Change	Yearly ChangeYear Over Year Change
1 Bed	$723	1.1% ($8)	5.1% ($39)
2 Beds	$882	1.6% ($14)	0.7% ($6)
3 Beds	$1,140	0.4% ($4)	0.5% ($6)

Rental market trends are calculated using listing data from RentalSource.

Frequently Asked Questions

Rensselaer Rental Market FAQs

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

What is the average rent in Rensselaer, IN?

The average rent in Rensselaer, IN is $877 per month.

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

Homes in Rensselaer typically rent for between $600 and $1,482 per month, with an average of $877 per month.

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

In Rensselaer, the average rent for a 1-bedroom home is $723 per month, for a 2-bedroom home, $882 per month, and a 3-bedroom home is $1,140 per month.

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

The average rent in Rensselaer is 51% ($913) lower than the national average of $1,790 per month.

How have rent prices in Rensselaer, IN changed recently?

The average rent in Rensselaer has increased by 1.5% ($13) in the last month and increased by 14.5% ($111) over the past year.

How competitive is the rental market in Rensselaer, IN?

The rental market in Rensselaer, 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 Rensselaer, IN?

In Rensselaer, 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 Rensselaer, IN?

There is currently 1 rental property available in Rensselaer, IN.

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

Based on the current averages, a household would need an annual income of $35,280 to comfortably afford a 2-bedroom home in Rensselaer.