According to the most recent data from Zillow, the average rent in Indiana for January 2020 is $1,050. With an averge apartment size of 1,286 sqft, the average price per square foot in Indiana is $0.816.
Compared to the national average of $1,650, Indiana rent costs -36.4% less. Read our analysis of rents by state to see how Indiana ranks.
Here's a look at how average rents have changed over time:
As you would expect, the median price for rent in Indiana increases as the number of bedrooms in the unit increases. Studios rent the cheapest in Indiana clocking in at $758, while a four bedroom rental will set you back $1,455 per month.
We think the best deal comes in the form of a two bedroom for $890 per month, however, if you don't mind having roommates, the best option on a per room basis is a 4-bedroom rental for $363/room/month.
Read on to find out more or for more on Indiana check out:
Indiana has experienced a $-45 change in rent over the past month going from $1,095 to $1,050. That change comes out to -4.1%.
For reference, the US national average rent changed $0 in the past month or 0.0%.
Here's a look at the month over month change for each month since 2010 for Indiana:
Over the past year, the average rent in Indiana changed $25 from $1,025 to $1,050. A change of $25 means that rents changed 2.4% in a year.
That compares to the US national change of $5 in the past year or 0.3%.
Here's a look at the year over year change by month since 2011 for Indiana: