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Homes & Apartments for Rent in Waveland, IN

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What to Know About

Life in Waveland & Beyond

Waveland 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

Waveland, IN

As of November 2026, Waveland's rental market is stable, with rentals spending about 27 days on the market, about the same as in Indiana (27), and rents up 3.0% over the past year. Waveland's average rent is 29.2% ($424) lower than the Indiana average of $1,452 and 49.5% ($1,008) lower than the U.S. average of $2,036.

Average Rent
$1,028
Monthly ChangeMonth Over Month Change
Increased0.51% ($5)
Yearly ChangeYear Over Year Change
Increased3.0% ($30)
Days on Market
27
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $850 Increased0.81% ($7) Increased3.9% ($32)
2 Beds $946 Increased0.36% ($3) Increased2.2% ($20)
3 Beds $1,188 Increased0.61% ($7) Increased3.1% ($36)
Nearby Cities Average Rent Avg. Rent vs. WavelandAverage Rent vs. Waveland Days on Market
Russellville $1,432 Increased39.3% ($404) 27 days
Rockville $1,064 Increased3.5% ($36) 27 days
Crawfordsville $1,123 Increased9.2% ($95) 27 days
Waynetown $988 Decreased3.9% ($40) 27 days
Greencastle $1,376 Increased33.9% ($348) 27 days
Based on rentals advertised on RentalSource in and around Waveland.
Frequently Asked Questions
Waveland Rental Market FAQs

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

The average rent in Waveland, IN is about $1,028 per month.
In Waveland, the average rent is about $850 per month for a 1-bedroom home, about $946 for a 2-bedroom home and about $1,188 for a 3-bedroom home.
The average rent in Waveland is 49.5% ($1,008) lower than the national average of $2,036 per month.
The rental market in Waveland, IN is currently stable, with rentals spending about 27 days on the market, about the same as in Indiana (27), and rents up 3.0% over the past year.
Based on the current averages, a household would need an annual income of about $37,800 to comfortably afford a 2-bedroom home in Waveland.
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