Rent Trends / IN

Rent Trends in Indiana: 2015 to 2026

Yearly Zillow Observed Rent Index (ZORI) for 75 cities in Indiana. The average across tracked cities is $1,431/month in 2026, up from $870 in 2015 (+64.5%). That sits $531 below (-27.1% vs) the U.S. typical rent of $1,962.

Last updated: September 14, 2026

Source: Zillow Observed Rent Index (ZORI) · Jan snapshots for 2015–2025; 2026 column = June 2026 release · U.S. typical rent $1,962 (June 2026)

Avg tracked city · 2026

$1,431

Change since 2015

+64.5%

2025 → 2026

+5.1%

Vs U.S. typical

-27.1%

What the Indiana rent trend shows

This page follows market rents in Indiana from 2015 through mid-2026 using the same Zillow ZORI vintage for every city in the table. State figures below are simple averages of the tracked cities — useful for comparing places inside Indiana and stacking the state against the published U.S. typical rent ($1,962/month in June 2026, up from $1,357 in January 2019 on our national series).

Since 2023, the tracked-city average in Indiana has risen from about $1,253 to $1,431 (+14.2%). That is the post-spike path — not a full reset to mid-2010s rents. The latest year step (2025 → 2026) is +5.1% ($1,361 → $1,431).

Within the state, long-run winners and losers split by city. The largest percentage increase from the earliest reading to 2026 is South Bend (+103.9%, $634 → $1,293). 11 of 75 tracked cities are higher than their 2015 (or earliest) level.

For the national rent story, see the Rent Index. Statewide maps live on Rent by State. Full city database: Rent by City.

City-level breakdown in Indiana

Lowest 2026 rents

New Castle — $743
Peru — $825
Richmond — $865
Crawfordsville — $886
Marion — $926

Highest 2026 rents

Granger — $2,133
McCordsville — $2,091
Sheridan — $2,050
Whitestown — $2,044
Munster — $1,987

Full list with every year from 2015–2026 is in the sortable table below.

All Indiana cities — yearly rent table

75 of 75 cities

City	Metro	'15	'16	'17	'18	'19	'20	'21	'22	'23	'24	'25	'26	% Chg
Indianapolis	Indianapolis-Carmel-Anderson, IN	$774	$798	$817	$859	$897	$936	$1,017	$1,123	$1,227	$1,278	$1,347	$1,416	+82.9%
Fort Wayne	Fort Wayne, IN	$685	$710	$727	$764	$797	$824	$884	$1,036	$1,109	$1,147	$1,215	$1,295	+89.1%
Evansville	Evansville, IN-KY	$580	$597	$619	$638	$666	$703	$738	$823	$869	$935	$992	$1,076	+85.5%
South Bend	South Bend-Mishawaka, IN-MI	$634	$652	$666	$720	$759	$773	$872	$1,011	$1,090	$1,166	$1,239	$1,293	+103.9%
Bloomington	Bloomington, IN	$886	$896	$928	$959	$1,003	$1,045	$1,098	$1,170	$1,313	$1,357	$1,410	$1,463	+65.1%
Lafayette	Lafayette-West Lafayette, IN	$736	$757	$780	$796	$839	$860	$921	$966	$1,090	$1,193	$1,233	$1,285	+74.6%
Elkhart	Elkhart-Goshen, IN	—	—	—	—	—	—	—	—	—	$977	$1,046	$1,155	+18.2%
Fishers	Indianapolis-Carmel-Anderson, IN	$1,183	$1,206	$1,191	$1,224	$1,293	$1,324	$1,410	$1,543	$1,676	$1,725	$1,790	$1,921	+62.4%
Carmel	Indianapolis-Carmel-Anderson, IN	$1,116	$1,147	$1,151	$1,201	$1,214	$1,260	$1,321	$1,509	$1,594	$1,635	$1,638	$1,832	+64.2%
Terre Haute	Terre Haute, IN	—	—	—	—	—	—	$707	$766	$863	$889	$936	$1,007	+42.4%
Greenwood	Indianapolis-Carmel-Anderson, IN	$994	$1,009	$1,021	$1,055	$1,067	$1,124	$1,228	$1,350	$1,412	$1,488	$1,548	$1,617	+62.7%
Muncie	Muncie, IN	—	—	—	$561	$596	$614	$667	$728	$785	$822	$881	$985	+75.6%
Valparaiso	Chicago-Naperville-Elgin, IL-IN-WI	—	—	—	—	—	—	—	$1,167	$1,254	$1,288	$1,379	$1,450	+24.3%
Noblesville	Indianapolis-Carmel-Anderson, IN	$1,020	$1,039	$1,035	$1,093	$1,115	$1,160	$1,254	$1,409	$1,489	$1,583	$1,691	$1,741	+70.7%
Gary	Chicago-Naperville-Elgin, IL-IN-WI	—	—	—	—	—	—	$838	$960	$1,051	$1,118	$1,223	$1,374	+64.0%
Columbus	Columbus, IN	—	—	—	—	$953	$968	$1,025	$1,138	$1,200	$1,251	$1,333	$1,398	+46.7%
Kokomo	Kokomo, IN	—	—	—	$568	$577	$623	$635	$726	$774	$868	$970	$1,019	+79.4%
West Lafayette	Lafayette-West Lafayette, IN	—	—	$1,047	$1,103	$1,125	$1,183	$1,224	$1,346	$1,537	$1,726	$1,741	$1,857	+77.4%
Hammond	Chicago-Naperville-Elgin, IL-IN-WI	—	—	—	—	$927	$969	$1,070	$1,159	$1,214	$1,297	$1,360	$1,500	+61.8%
Crown Point	Chicago-Naperville-Elgin, IL-IN-WI	—	—	—	—	—	—	—	—	—	$1,637	$1,689	$1,793	+9.5%
Mishawaka	South Bend-Mishawaka, IN-MI	—	—	—	—	—	—	—	—	$1,119	$1,148	$1,205	$1,280	+14.4%
Goshen	Elkhart-Goshen, IN	—	—	—	—	—	—	—	—	—	—	$953	$1,068	+12.1%
Anderson	Indianapolis-Carmel-Anderson, IN	—	—	—	—	—	—	$694	—	$876	$949	$997	$1,083	+56.1%
New Albany	Louisville/Jefferson County, KY-IN	—	—	—	—	—	—	—	—	$983	$1,074	$1,127	$1,171	+19.1%
Lawrence	Indianapolis-Carmel-Anderson, IN	$960	$976	$993	$1,023	$1,053	$1,103	$1,186	$1,325	$1,430	$1,493	$1,565	$1,660	+72.9%
La Porte	Michigan City-La Porte, IN	—	—	—	—	—	—	—	—	—	—	—	$1,229	+0.0%
Jeffersonville	Louisville/Jefferson County, KY-IN	—	—	—	—	—	—	—	$1,100	$1,187	$1,227	$1,274	$1,301	+18.3%
Richmond	Richmond, IN	—	—	—	—	—	—	—	—	—	—	—	$865	+0.0%
Marion	Marion, IN	—	—	—	—	—	—	—	—	—	—	—	$926	+0.0%
Avon	Indianapolis-Carmel-Anderson, IN	—	—	—	—	$1,198	$1,249	$1,338	$1,493	$1,557	$1,653	$1,740	$1,849	+54.3%
Brownsburg	Indianapolis-Carmel-Anderson, IN	—	—	—	—	—	—	$1,411	$1,539	$1,664	$1,728	$1,812	$1,949	+38.1%
Merrillville	Chicago-Naperville-Elgin, IL-IN-WI	—	—	—	—	—	—	—	$1,269	$1,257	$1,356	$1,459	$1,533	+20.8%
Westfield	Indianapolis-Carmel-Anderson, IN	—	—	—	—	—	—	$1,381	$1,625	$1,729	$1,805	$1,855	$1,983	+43.6%
Portage	Chicago-Naperville-Elgin, IL-IN-WI	—	—	—	—	—	—	—	—	$1,235	$1,335	$1,397	$1,509	+22.2%
Newburgh	Evansville, IN-KY	—	—	—	—	—	—	—	—	—	—	$1,540	$1,687	+9.5%
Plainfield	Indianapolis-Carmel-Anderson, IN	—	—	—	—	—	—	$1,247	$1,407	$1,544	$1,599	$1,674	$1,743	+39.8%
Warsaw	Warsaw, IN	—	—	—	—	—	—	—	—	—	—	$1,184	$1,245	+5.2%
Franklin	Indianapolis-Carmel-Anderson, IN	—	—	$1,047	$1,082	$1,101	$1,156	$1,263	$1,402	$1,510	$1,593	$1,654	$1,821	+73.9%
Greenfield	Indianapolis-Carmel-Anderson, IN	—	—	—	—	—	—	—	$1,252	$1,367	$1,429	$1,461	$1,590	+27.0%
Zionsville	Indianapolis-Carmel-Anderson, IN	—	—	—	—	—	—	—	$1,500	$1,512	$1,614	$1,706	$1,840	+22.7%
Martinsville	Indianapolis-Carmel-Anderson, IN	—	—	—	—	—	—	—	—	—	—	—	$1,206	+0.0%
Granger	South Bend-Mishawaka, IN-MI	—	—	—	—	—	—	—	—	—	—	—	$2,133	+0.0%
Hobart	Chicago-Naperville-Elgin, IL-IN-WI	—	—	—	—	—	—	—	—	—	—	—	$1,379	+0.0%
Schererville	Chicago-Naperville-Elgin, IL-IN-WI	—	—	—	—	—	—	—	—	—	—	—	$1,987	+0.0%
Michigan City	Michigan City-La Porte, IN	—	—	—	—	—	—	—	—	$842	—	$906	$1,050	+24.7%
New Castle	New Castle, IN	—	—	—	—	—	—	—	—	—	—	$742	$743	+0.1%
Shelbyville	Indianapolis-Carmel-Anderson, IN	—	—	—	—	—	—	—	—	—	—	—	$1,058	+0.0%
Crawfordsville	Crawfordsville, IN	—	—	—	—	—	—	—	—	—	—	$824	$886	+7.5%
East Chicago	Chicago-Naperville-Elgin, IL-IN-WI	—	—	—	—	—	—	—	—	—	$891	$930	$1,021	+14.6%
Peru	Peru, IN	—	—	—	—	—	—	—	—	—	—	—	$825	+0.0%
Frankfort	Frankfort, IN	—	—	—	—	—	—	—	—	—	—	—	$967	+0.0%
Munster	Chicago-Naperville-Elgin, IL-IN-WI	—	—	—	—	—	—	—	—	—	—	—	$1,987	+0.0%
Highland	Chicago-Naperville-Elgin, IL-IN-WI	—	—	—	—	—	—	—	—	—	$1,409	$1,479	$1,594	+13.1%
Jasper	Jasper, IN	—	—	—	—	—	—	—	—	—	—	—	$1,500	+0.0%
Lebanon	Indianapolis-Carmel-Anderson, IN	—	—	—	—	—	—	—	—	—	—	—	$1,781	+0.0%
Auburn	Auburn, IN	—	—	—	—	—	—	—	—	—	—	—	$981	+0.0%
New Haven	Fort Wayne, IN	—	—	—	—	—	—	—	—	—	—	—	$1,375	+0.0%
Clarksville	Louisville/Jefferson County, KY-IN	—	—	—	—	—	—	—	—	—	—	—	$1,217	+0.0%
Griffith	Chicago-Naperville-Elgin, IL-IN-WI	—	—	—	—	—	—	—	—	—	—	—	$1,389	+0.0%
Angola	Angola, IN	—	—	—	—	—	—	—	—	—	—	—	$1,085	+0.0%
Speedway	Indianapolis-Carmel-Anderson, IN	—	—	—	—	—	—	—	—	—	—	—	$1,636	+0.0%
Sellersburg	Louisville/Jefferson County, KY-IN	—	—	—	—	—	—	—	—	—	—	—	$1,274	+0.0%
Pendleton	Indianapolis-Carmel-Anderson, IN	—	—	—	—	—	—	—	—	—	—	—	$1,964	+0.0%
Danville	Indianapolis-Carmel-Anderson, IN	—	—	—	—	—	—	—	—	—	—	—	$1,766	+0.0%
Beech Grove	Indianapolis-Carmel-Anderson, IN	—	—	—	—	—	—	—	—	—	—	—	$1,258	+0.0%
Chesterton	Chicago-Naperville-Elgin, IL-IN-WI	—	—	—	—	—	—	—	—	—	—	—	$1,493	+0.0%
Whiting	Chicago-Naperville-Elgin, IL-IN-WI	—	—	—	—	—	—	—	—	—	—	—	$1,203	+0.0%
Lake Station	Chicago-Naperville-Elgin, IL-IN-WI	—	—	—	—	—	—	—	—	—	—	—	$1,670	+0.0%
McCordsville	Indianapolis-Carmel-Anderson, IN	—	—	—	—	—	—	—	—	—	—	$1,842	$2,091	+13.5%
Alexandria	Indianapolis-Carmel-Anderson, IN	—	—	—	—	—	—	—	—	—	—	—	$982	+0.0%
Sheridan	Indianapolis-Carmel-Anderson, IN	—	—	—	—	—	—	—	—	—	—	—	$2,050	+0.0%
Bargersville	Indianapolis-Carmel-Anderson, IN	—	—	—	—	—	—	—	—	—	—	—	$1,556	+0.0%
Whitestown	Indianapolis-Carmel-Anderson, IN	—	—	—	—	—	—	—	—	—	$1,876	$1,892	$2,044	+9.0%
Gas City	Marion, IN	—	—	—	—	—	—	—	—	—	—	—	$1,088	+0.0%
Winona Lake	Warsaw, IN	—	—	—	—	—	—	—	—	—	—	—	$1,241	+0.0%

Click any column header to sort · % Chg uses earliest available year → 2026

Frequently asked questions — Indiana rent

Is Indiana cheap to rent in 2026?

Yes — relative to the national market. The average rent across 75 tracked Indiana cities is about $1,431/month, which is $531 below (-27.1% vs) the U.S. typical rent of $1,962. That is a city-average in our sample, not a single statewide ZORI print, but it is a clear signal that Indiana screens cheaper than the U.S. typical $1,962.

What city in Indiana has the cheapest rent?

Among cities in our ZORI sample, New Castle is the lowest at about $743/month (2026). Other lower-rent cities include Peru ($825), Richmond ($865), Crawfordsville ($886).

What city in Indiana has the most expensive rent?

Granger leads our sample at about $2,133/month in 2026, followed by McCordsville ($2,091) and Sheridan ($2,050).

How much have rents in Indiana changed since 2015?

Across tracked cities, the average moved from about $870 in 2015 to $1,431 in 2026 (+64.5%). 11 of 75 cities are higher than their earliest reading in this series; the largest percentage jump is South Bend (+103.9%).

Are rents in Indiana still rising year over year?

From 2025 to 2026, the average across tracked Indiana cities went from about $1,361 to $1,431 (+5.1%). Since 2023 ($1,253), that is +14.2%. Individual cities can diverge — sort by % Chg or compare the '25 and '26 columns.

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