Homes For Rent in Valparaiso, IN

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What to Know About

Life in Valparaiso & Beyond

Valparaiso 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

Valparaiso, IN

As of March 2025, Valparaiso's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Valparaiso's average rent is 10.9% ($141) higher than the Indiana average of $1,294 and 19.7% ($353) lower than the U.S. average of $1,788.

Average Rent
$1,435
Monthly ChangeMonth Over Month Change
Increased0.5% ($7)
Yearly ChangeYear Over Year Change
Increased14.6% ($183)
Avg. Days on MarketAverage Days on Market
34
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,157 Increased7.1% ($77) Increased17.7% ($174)
2 Beds $1,316 Increased3.9% ($50) Increased16.2% ($183)
3 Beds $1,657 Increased5% ($79) Increased3.4% ($54)
Nearby Cities Average Rent Avg. Rent vs. ValparaisoAverage Rent vs. Valparaiso Avg. Days on MarketAverage Days on Market
Portage $1,391 Decreased3.1% ($44) 30 days
Chesterton $1,359 Decreased5.3% ($76) 29 days
Merrillville $1,626 Increased13.3% ($191) 27 days
Crown Point $1,717 Increased19.7% ($282) 24 days
Gary $993 Decreased30.8% ($442) 22 days
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Valparaiso Rental Market FAQs

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

The average rent in Valparaiso, IN is $1,435 per month.
Homes in Valparaiso typically rent for between $810 and $2,154 per month, with an average of $1,435 per month.
In Valparaiso, the average rent for a 1-bedroom home is $1,157 per month, for a 2-bedroom home, $1,316 per month, and a 3-bedroom home is $1,657 per month.
The average rent in Valparaiso is 19.7% ($353) lower than the national average of $1,788 per month.
The average rent in Valparaiso has increased by 0.5% ($7) in the last month and increased by 14.6% ($183) over the past year.
The rental market in Valparaiso, IN, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Valparaiso, IN, the average rental stays on the market for approximately 34 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 28 rental properties available in Valparaiso, IN.
Based on the current averages, a household would need an annual income of $52,640 to comfortably afford a 2-bedroom home in Valparaiso.
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