Average Rent in Warren County, IN↓ Rents falling 15.2% YoY🔻 Cheapest in IN
HUD FY2021 · Official government data · Updated annually · Metro pop. 8,469
Market Overview
Warren County, IN has rental prices ranging from $512/month to $1,267/month in 2021, depending on unit size. The typical 1-bedroom apartment rents for $555/month — 60% below the national average of $1,400/month. With a median household income of $74,635/year, spending $555/month on a 1-bedroom represents 9% of gross income — within the recommended 30% threshold.
How Warren County Compares
With an average 2-bedroom rent of $732/month, Warren County ranks #77 most expensive of the 77 cities tracked in Indiana — more affordable than 99% of all US cities in our data.
The Warren County Rental Market
The Warren County, IN area has a population of about 8,469 and 19% 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 Warren County, IN have fallen by $131/month (15.2%) over the past year, from $863 to $732. This rate of decrease is significant and reflects softening demand or increased inventory in the local market.
Affordability
To afford a 1-bedroom apartment in Warren County, IN without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $22,200. The local median household income of $74,635 exceeds that threshold by $52,435, making Warren County relatively accessible compared to local wages.
Economy & Jobs
Warren County, IN has an unemployment rate of 3.1%, 0.8 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 FY2021Is Warren 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 Warren County?
Break-even analysis and mortgage estimates based on local market data.
Should I Rent or Buy?
Break-even analysis using real Warren County data
Renting appears to be the better financial choice for this scenario.
Living in Warren 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 Warren CountySalary needed to afford rent here
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