Average Rent in Knox County, IN↑ Rents rising 4.3% YoY🔻 5th cheapest in IN

Knox County, IN has rental prices ranging from $652/month to $1,230/month in 2025, depending on unit size. The typical 1-bedroom apartment rents for $707/month — 49% below the national average of $1,400/month. With a median household income of $58,863/year, spending $707/month on a 1-bedroom represents 14% of gross income — within the recommended 30% threshold.

How Knox County Compares

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

The Knox County Rental Market

The Knox County, IN area has a population of about 36,108 and 34% of households renting rather than owning. That is close to the US average renter share of ~34%.

Rent Trends

2-bedroom rents in Knox County, IN have risen by $38/month (4.3%) over the past year, from $890 to $928. This modest growth is consistent with broader inflationary trends seen across US rental markets.

Affordability

To afford a 1-bedroom apartment in Knox County, IN without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $28,280. The local median household income of $58,863 exceeds that threshold by $30,583, making Knox County relatively accessible compared to local wages.

Economy & Jobs

Knox County, IN has an unemployment rate of 3.5%, 0.4 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 Knox County, IN Affordable?

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

Rent or Buy in Knox County?

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

Living in Knox County

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