Average Rent in Randolph County, IN↑ Rents rising 7.5% YoY🔻 5th cheapest in IN
HUD FY2025 · Official government data · Updated annually · Metro pop. 24,425
Market Overview
Randolph County, IN has rental prices ranging from $683/month to $1,230/month in 2025, depending on unit size. The typical 1-bedroom apartment rents for $730/month — 48% below the national average of $1,400/month. With a median household income of $61,121/year, spending $730/month on a 1-bedroom represents 14% of gross income — within the recommended 30% threshold.
How Randolph County Compares
With an average 2-bedroom rent of $928/month, Randolph County ranks #73 most expensive of the 77 cities tracked in Indiana — more affordable than 64% of all US cities in our data.
The Randolph County Rental Market
The Randolph County, IN area has a population of about 24,425 and 23% 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 Randolph 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 Randolph County, IN without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $29,200. The local median household income of $61,121 exceeds that threshold by $31,921, making Randolph County relatively accessible compared to local wages.
Economy & Jobs
Randolph County, IN has an unemployment rate of 3.6%, 0.3 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 FY2025Is Randolph County, IN Affordable?
Income needed to rent or buy, price history, and how this city compares to nearby metros.
Affordability Index(30% income rule)
Nearby Cities in INlargest metros in the state
| City | Studio | 1BR | 2BR | 3BR | Home 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 Randolph County?
Break-even analysis and mortgage estimates based on local market data.
Should I Rent or Buy?
Break-even analysis using real Randolph County data
Renting appears to be the better financial choice for this scenario.
Living in Randolph County
Cost of living, job market, crime rates, and moving cost estimates.
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Frequently Asked Questions
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💵Rent Affordability in Randolph CountySalary needed to afford rent here
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