Average Rent in Indiana: $1,424/mo (2026)

Find fair market rent prices for 2 major metro areas in Indiana. The average 2-bedroom rent across the state is $1,424/mo.

$972
Avg. Studio
$1,184
Avg. 1BR
$1,424
Avg. 2BR
$1,806
Avg. 3BR
2
Cities Tracked
$1,375
Lowest 2BR Rent
$1,473
Highest 2BR Rent

Major Cities in Indiana

Sorted by 2-bedroom rent price (highest to lowest)

1
Indianapolis, IN
Studio: $1,118 | 1BR: $1,267 | 3BR: $1,907
$1,473/mo2BR
2
Fort Wayne, IN
Studio: $825 | 1BR: $1,100 | 3BR: $1,705
$1,375/mo2BR

Explore Indiana Rent Data

Browse detailed rent prices for cities across Indiana. Each city page includes neighborhood breakdowns, rent trends, and local market insights.

Indianapolis Rent PricesFort Wayne Rent Prices

Indiana Rental Market Overview

The fair market rent (FMR) data for Indiana is published annually by the U.S. Department of Housing and Urban Development (HUD). These figures represent the 40th percentile of gross rents for standard quality rental housing in each metro area.

Indiana has 2 major metropolitan areas tracked in our database. The most expensive city for renters is Indianapolis, IN with an average 2-bedroom rent of $1,473/mo, while the most affordable is Fort Wayne, IN at $1,375/mo.

What Affects Rent Prices in Indiana?

  • Location: Proximity to employment centers and urban amenities significantly impacts rent prices across Indiana metros.
  • Local Economy: Job growth and industry presence drive rental demand. Strong employment markets typically have higher rents.
  • Housing Supply: Areas with new construction tend to have more rental options and potentially competitive pricing.
  • Schools: Quality school districts command premium rents, especially for family-sized apartments.
  • Transportation: Access to highways and public transit affects neighborhood desirability and pricing.

Frequently Asked Questions About Indiana Rent

What is the average rent in Indiana?

The average rent in Indiana is $1,424 per month for a 2-bedroom apartment based on 2026 HUD Fair Market Rent data. Prices range from $1,375 in Fort Wayne to $1,473 in Indianapolis.

What is the cheapest city to rent in Indiana?

Fort Wayne, IN offers the most affordable rent among major Indiana metros at $1,375/month for a 2-bedroom apartment. Studios in Fort Wayne average $825/month.

What is the most expensive city to rent in Indiana?

Indianapolis, IN has the highest rents in Indiana at $1,473/month for a 2-bedroom apartment. This is $49 above the state average.

How much do I need to earn to rent in Indiana?

To comfortably afford the average Indiana 2-bedroom at $1,424/month, you would need an annual income of approximately $56,960 (based on the 30% of income guideline). For the most affordable areas, you would need about $55,000/year.

Is Indiana affordable for renters?

Indiana offers moderate rental costs, with average 2-bedroom rents at $1,424/month. Some cities offer excellent value while others command premium prices.