RentData

Average Rent in Decatur County, IN Rents rising 7.5% YoY🔺 12th priciest in IN

HUD FY2025 · Official government data · Updated annually · Metro pop. 26,411

Data review: HUD FY2025Sources: HUD, Zillow, Census, BLSMethodologyEditorial standardsReport a correction

Market Overview

Decatur County, IN has rental prices ranging from $746/month to $1,407/month in 2025, depending on unit size. The typical 1-bedroom apartment rents for $809/month — 42% below the national average of $1,400/month. With a median household income of $74,228/year, spending $809/month on a 1-bedroom represents 13% of gross income — within the recommended 30% threshold.

How Decatur County Compares

With an average 2-bedroom rent of $1,061/month, Decatur County ranks #12 most expensive of the 77 cities tracked in Indiana — pricier than 72% of all US cities in our data.

The Decatur County Rental Market

The Decatur County, IN area has a population of about 26,411 and 25% of households renting rather than owning. That renter share runs below the US average of ~34%, a more homeowner-heavy market where rental inventory can be limited.

Rent Trends

2-bedroom rents in Decatur County, IN have risen by $74/month (7.5%) over the past year, from $987 to $1,061. This modest growth is consistent with broader inflationary trends seen across US rental markets.

Affordability

To afford a 1-bedroom apartment in Decatur County, IN without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $32,360. The local median household income of $74,228 exceeds that threshold by $41,868, making Decatur County relatively accessible compared to local wages.

Economy & Jobs

Decatur County, IN has an unemployment rate of 3.2%, 0.7 percentage points below the national average of 3.9%. Strong employment conditions typically sustain rental demand, as workers relocate to the area and local residents maintain stable housing.

Fair Market Rents

HUD FY2025
Studio
$746
Affordable
1 Bedroom
$809
Affordable
2 Bedrooms
$1,061
7.5% YoY
Affordable
3 Bedrooms
$1,278
Affordable
4 Bedrooms
$1,407
Affordable
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Is Decatur County, IN Affordable?

Income needed to rent or buy, price history, and how this city compares to nearby metros.

Affordability Index(30% income rule)

To rent a 2BR
$42,440/year
Local median income: $74,228
To buy a median home
/year
US national median: $75,000
💡 Based on a 2BR rent of $1,061/month and 20% down on a home at 7% rate.

Nearby Cities in INlargest metros in the state

CityStudio1BR2BR3BRHome Value
Gary$860$985$1,197$1,475
Franklin County$727$802$1,052$1,389
Cincinnati$883$993$1,287$1,707
Anderson$759$803$1,054$1,379
Indianapolis$955$1,097$1,283$1,669
Louisville$1,003$1,094$1,330$1,714

Rent or Buy in Decatur County?

Break-even analysis and mortgage estimates based on local market data.

Should I Rent or Buy?

Break-even analysis using real Decatur County data

$
Home Value
$350,000
2BR Rent
$1,061/mo
Mortgage Rate
7%
Monthly P&I
$1,863/mo
🏠 Buy

Buying breaks even after 3 years — worth it if you stay 3+ years.

Total monthly buy cost: $2,577/movs rent: $1,061/mo
Estimates only. Excludes HOA, PMI (if <20% down), closing costs, and tax benefits. Assumes 5% return on invested down payment.

Living in Decatur County

Cost of living, job market, crime rates, and moving cost estimates.

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Frequently Asked Questions

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🏘️Neighborhoods in Decatur County

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💵Rent Affordability in Decatur County

Salary needed to afford rent here

🗺️All Cities in IN

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⚖️Compare Decatur County

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📋IN Tenant Rights

Deposit limits, eviction laws & renters protections