Average Rent in Noble County, IN↑ Rents rising 5.8% YoY

Noble County, IN has rental prices ranging from $765/month to $1,710/month in 2027, depending on unit size. The typical 1-bedroom apartment rents for $782/month — 44% below the national average of $1,400/month. With a median household income of $70,908/year, spending $782/month on a 1-bedroom represents 13% of gross income — within the recommended 30% threshold.

How Noble County Compares

With an average 2-bedroom rent of $1,023/month, Noble County ranks #45 most expensive of the 81 cities tracked in Indiana — pricier than 51% of all US cities in our data.

The Noble County Rental Market

The Noble County, IN area has a population of about 47,417 and 24% 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 Noble County, IN have risen by $56/month (5.8%) over the past year, from $967 to $1,023. This modest growth is consistent with broader inflationary trends seen across US rental markets.

Affordability

To afford a 1-bedroom apartment in Noble County, IN without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $31,280. The local median household income of $70,908 exceeds that threshold by $39,628, making Noble County relatively accessible compared to local wages.

Economy & Jobs

Noble 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.

Is Noble County, IN Affordable?

Income needed to rent or buy, price history, and how this city compares to nearby metros.

Rent or Buy in Noble County?

Break-even analysis and mortgage estimates based on local market data.

Living in Noble County

Cost of living, job market, crime rates, and moving cost estimates.