Landlord Resources
How to Get a Loan for a Rental Property
Rental property loans differ from traditional mortgages, needing larger down payments, higher interest rates, and reserves, often disregarding projected rental income.
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What to Know About
Life in New Palestine & Beyond
New Palestine 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
New Palestine, IN
As of June 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 32.8% ($422) lower than the Indiana average of $1,287 and 51.9% ($932) lower than the U.S. average of $1,797.
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
31
| 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 | $989 | 14.3% ($124) | 36 days |
| Beech Grove | $1,068 | 23.5% ($203) | 36 days |
| Fortville | $1,469 | 69.8% ($604) | 29 days |
| Indianapolis | $1,219 | 40.9% ($354) | 32 days |
| Shelbyville | $829 | 4.2% ($36) | 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.
The average rent in New Palestine, IN is $865 per month.
Homes in New Palestine typically rent for between $600 and $1,404 per month, with an average of $865 per month.
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.
The average rent in New Palestine is 51.9% ($932) lower than the national average of $1,797 per month.
The rental market in New Palestine, IN, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
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.
There are currently 2 rental properties available 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.
