Rentometer, Inc. | Data as of 10/22/2025
Andersonâs rental market offers a balanced mix of apartments and singleâfamily homes, catering to students, young professionals, and growing families alike. Studio apartments typically sit in the $800 range, while oneâbedroom unitsâboth in apartments and housesâaverage in the low $700s to $800s. Larger floor plans see a noticeable step up, with twoâbedroom homes averaging just under $1,000 and threeâbedroom apartments reaching the midâ$1,200 range. For those needing ample space, fourâplus bedroom houses command an average around $1,600, reflecting the cityâs diverse housing stock and appealing price points for spacious living.
Neighborhoods such as Downtown Anderson and the historic Riverfront area blend historic charm with convenient access to dining, entertainment, and cultural venues like the Anderson Center for the Arts and the beloved Mounds State Park. The university district around Anderson University provides a vibrant studentâfriendly atmosphere, while familyâoriented communities near the Anderson Municipal Airport and near the downtown riverwalk deliver quiet streets and wellâmaintained parks. With a variety of rental optionsâfrom modern apartment complexes to classic singleâfamily homesâAnderson, Indiana remains an attractive destination for renters seeking quality living at competitive rates.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | Studio | $789 | $792 | $749 - $825 | $790 - $825 |
| Apartment | 1 Bedroom | $808 | $822 | $250 - $1,224 | $749 - $865 |
| Apartment | 2 Bedroom | $1,008 | $1,032 | $650 - $1,258 | $950 - $1,125 |
| Apartment | 3 Bedroom | $1,218 | $1,264 | $875 - $1,450 | $1,100 - $1,330 |
| House | 1 Bedroom | $730 | $750 | $550 - $850 | $700 - $795 |
| House | 2 Bedroom | $974 | $925 | $699 - $1,600 | $880 - $1,100 |
| House | 3 Bedroom | $1,182 | $1,200 | $700 - $1,700 | $1,050 - $1,300 |
| House | 4+ Bedroom | $1,602 | $1,250 | $650 - $3,000 | $1,150 - $1,800 |
In the current period, the average rent in Anderson was $790 for Studio, $779 for 1 Bedroom, $982 for 2 Bedroom, $1,186 for 3 Bedroom, and $1,629 for 4+ Bedroom.
Data provided by Rentometer, Inc.