Average Rent in Henry County, IN↑ Rents rising 7.5% YoY🔻 5th cheapest in IN

Henry County, IN has rental prices ranging from $729/month to $1,248/month in 2025, depending on unit size. The typical 1-bedroom apartment rents for $733/month — 48% below the national average of $1,400/month. With a median household income of $60,144/year, spending $733/month on a 1-bedroom represents 15% of gross income — within the recommended 30% threshold.

How Henry County Compares

With an average 2-bedroom rent of $928/month, Henry County ranks #73 most expensive of the 77 cities tracked in Indiana — more affordable than 64% of all US cities in our data.

The Henry County Rental Market

The Henry County, IN area has a population of about 48,896 and 24% 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 Henry County, IN have risen by $65/month (7.5%) over the past year, from $863 to $928. This modest growth is consistent with broader inflationary trends seen across US rental markets.

Affordability

To afford a 1-bedroom apartment in Henry County, IN without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $29,320. The local median household income of $60,144 exceeds that threshold by $30,824, making Henry County relatively accessible compared to local wages.

Economy & Jobs

Henry County, IN has an unemployment rate of 3.4%, 0.5 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.

Is Henry County, IN Affordable?

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

Rent or Buy in Henry County?

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

Living in Henry County

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