Vanderburgh 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 Vanderburgh County is about $959 per month. This puts it in the 86th percentile compared to the state average cost of rent, which is $960. Households in Vanderburgh County have a median income of $5,276 per month so the average renter in Vanderburgh County is spending roughly 18% of their earnings on housing.
Nationally, and in Vanderburgh County, home values are the data point most closely correlated with the cost of rent. The median price of a home in Vanderburgh County is $149,153 right now, which is higher than nearby counties, meaning that rents in Vanderburgh County also tend to be higher versus these nearby counties.
Higher rent prices are common in the northern parts of Vanderburgh County while lower rent rates are often available in central areas.
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