Average Rent in Owen County, IN↑ Rents rising 6.1% YoY🔻 7th cheapest in IN

Owen County, IN has rental prices ranging from $818/month to $1,606/month in 2027, depending on unit size. The typical 1-bedroom apartment rents for $914/month — 35% below the national average of $1,400/month. With a median household income of $59,586/year, spending $914/month on a 1-bedroom represents 18% of gross income — within the recommended 30% threshold.

How Owen County Compares

With an average 2-bedroom rent of $1,014/month, Owen County ranks #75 most expensive of the 81 cities tracked in Indiana — more affordable than 63% of all US cities in our data.

The Owen County Rental Market

The Owen County, IN area has a population of about 21,434 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 Owen County, IN have risen by $58/month (6.1%) over the past year, from $956 to $1,014. This modest growth is consistent with broader inflationary trends seen across US rental markets.

Affordability

To afford a 1-bedroom apartment in Owen County, IN without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $36,560. The local median household income of $59,586 exceeds that threshold by $23,026, making Owen County relatively accessible compared to local wages.

Economy & Jobs

Owen County, IN has an unemployment rate of 3.5%, 0.4 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 Owen County, IN Affordable?

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

Rent or Buy in Owen County?

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

Living in Owen County

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