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

Somerset, IN

As of August 2025, Somerset's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Somerset's average rent is 32.3% ($403) lower than the Indiana average of $1,247 and 52.8% ($946) lower than the U.S. average of $1,790.

Average Rent

$844

Monthly ChangeMonth Over Month Change

0.8% ($7)

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	$690	No change	No change
2 Beds	$804	2.2% ($18)	No change
3 Beds	$1,005	0.7% ($7)	No change

Nearby Cities	Average Rent	Avg. Rent vs. SomersetAverage Rent vs. Somerset	Avg. Days on MarketAverage Days on Market
Wabash	$818	3.1% ($26)	35 days
Marion	$941	11.5% ($97)	33 days
Peru	$856	1.4% ($12)	32 days
Kokomo	$894	5.9% ($50)	32 days
Upland	$879	4.1% ($35)	29 days

Rental market trends are calculated using listing data from RentalSource.

Frequently Asked Questions

Somerset Rental Market FAQs

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

What is the average rent in Somerset, IN?

The average rent in Somerset, IN is $844 per month.

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

Homes in Somerset typically rent for between $600 and $1,307 per month, with an average of $844 per month.

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

In Somerset, the average rent for a 1-bedroom home is $690 per month, for a 2-bedroom home, $804 per month, and a 3-bedroom home is $1,005 per month.

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

The average rent in Somerset is 52.8% ($946) lower than the national average of $1,790 per month.

How competitive is the rental market in Somerset, IN?

The rental market in Somerset, 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 Somerset, IN?

In Somerset, IN, the average rental stays on the market for approximately 29 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 Somerset, IN?

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

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

Based on the current averages, a household would need an annual income of $32,160 to comfortably afford a 2-bedroom home in Somerset.