Rents are 7% below what Anderson's 10-year trend predicts — a better deal than its own history suggests.
Rent by unit size
These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,083 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.
Source: HUD Small Area Fair Market Rents. Read the methodology →
12-month history
Last updated: August 17, 2026
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Who lives here
Anderson, IN is majority owner-occupied, has a median income below the national average, 15.7% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Anderson, IN has changed in 5 years
The median rent in Anderson, IN stood at $724 in 2021 and currently runs about $1,083, reflecting a 49.6% increase over the period. Census figures show median household income at $46,909 today, compared with $40,632 five years earlier. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has grown by 1.7% since 2021, moving from about 54,459 residents to roughly 55,367. The combined trend lines point to a market that has changed measurably from where it stood in early 2021.
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Can you afford rent in Anderson on your salary?
At $1,083/mo, how Anderson rent compares to typical pay (30% rule).
Anderson rent by bedroom count
Median rent for each apartment size in Anderson. Click any size for full breakdown.
Tips for renters in Anderson
Last updated: August 17, 2026
The median rent in Anderson is $1,083/mo as of August 2026. A studio apartment averages $793/mo while a 2-bedroom runs $1,100/mo. One-bedroom apartments average $868/mo and 3-bedroom units go for $1,433/mo.
At 28% of local median household income ($46,909/yr), Anderson ranks as affordable compared to the national benchmark of 30%. Rents have increased 2.5% over the past year.
Frequently asked questions
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What percentage of Anderson residents rent vs. own?
How does Anderson rent compare to the national average?
At $1,083/mo, rent takes ~28% of Anderson's median household income ($46,909/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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