Average Rent in Montgomery County, IN↑ Rents rising 8.8% YoY
HUD FY2025 · Official government data · Updated annually · Metro pop. 38,155
Market Overview
Montgomery County, IN has rental prices ranging from $660/month to $1,338/month in 2025, depending on unit size. The typical 1-bedroom apartment rents for $758/month — 46% below the national average of $1,400/month. With a median household income of $66,571/year, spending $758/month on a 1-bedroom represents 14% of gross income — within the recommended 30% threshold.
How Montgomery County Compares
With an average 2-bedroom rent of $939/month, Montgomery County ranks #40 most expensive of the 77 cities tracked in Indiana — pricier than 53% of all US cities in our data.
The Montgomery County Rental Market
The Montgomery County, IN area has a population of about 38,155 and 22% 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 Montgomery County, IN have risen by $76/month (8.8%) over the past year, from $863 to $939. This rate of increase is significant and reflects strong rental demand and limited housing supply in the local market.
Affordability
To afford a 1-bedroom apartment in Montgomery County, IN without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $30,320. The local median household income of $66,571 exceeds that threshold by $36,251, making Montgomery County relatively accessible compared to local wages.
Economy & Jobs
Montgomery County, IN has an unemployment rate of 3.0%, 0.9 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 Montgomery 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 Montgomery County?
Break-even analysis and mortgage estimates based on local market data.
Should I Rent or Buy?
Break-even analysis using real Montgomery County data
Renting appears to be the better financial choice for this scenario.
Living in Montgomery 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 Montgomery CountySalary needed to afford rent here
🗺️All Cities in INSee how Montgomery County ranks statewide
⚖️Compare Montgomery CountySide-by-side rent & cost of living with any city
📋IN Tenant RightsDeposit limits, eviction laws & renters protections