Hendricks County renters looking for the least expensive areas to rent should look for the areas towards the red end of the spectrum on the rent cost map. Those who don't mind paying for high-end and luxury apartments should seek out apartments in dark green areas.
On average, the cost of rent in Hendricks County is about $1,180 per month. This puts it in the 98th percentile compared to the state average cost of rent, which is $960. Households in Hendricks County have a median income of $8,036 per month so the average renter in Hendricks County is spending roughly 15% of their earnings on housing.
Nationally, and in Hendricks County, home values are the data point most closely correlated with the cost of rent. The median price of a home in Hendricks County is $228,110 right now, which is higher than nearby counties, meaning that rents in Hendricks County also tend to be higher versus these nearby counties.
Higher rent prices are common in the central parts of Hendricks County while lower rent rates are often available in northwestern areas.
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