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City Report · IN

Anderson

Pop. 55,367·53rd most expensive in Indiana·One of the most affordable rental markets in the US
Median rent (all units)
$1,054/mo
Year-over-Year
+0.7%
Month-over-Month
+2.5%
vs US Median
-$911
Rising (Monthly)
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Most AffordableMost Expensive
Anderson · $1,054
More affordable than 96% of US cities · National median $1,965/mo
Rent Reality Score
68/100
Good value
OverheatedFairGreat value

Rents are 9% below what Anderson's 10-year trend predicts — a better deal than its own history suggests.

Actual rent
$1,054/mo
Expected by trend
$1,158/mo
The Rent Reality Score compares today's median rent to where Anderson's own long-run trajectory projects it should be. See the full rankings →
Medians by bedroom

Rent by unit size

Studio
$793
1 BR
$868
2 BR
$1,100
3 BR
$1,433
4 BR+
$1,535
Research median
$1,100/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$12,648/yr
At $1,054/mo median
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (0.7% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+0.7% YoY, +2.5% MoM), not inventory.
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Demographics

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.

Population
55,367
Median income
$46,909
Median age
38.9
Renters
44.5%
Age distribution
20.9%
24.4%
23%
12.3%
19.3%
Under 1820.9%
18–3424.4%
35–5423%
55–6412.3%
65+19.3%
Gender
49.4%
50.6%
Male49.4%
Female50.6%
Race & ethnicity
75.2%
White75.2%
Black11.7%
Hispanic8.1%
Asian0.6%
Other4.4%
Education (25+)
12.4%
42.1%
29.8%
15.7%
No HS diploma12.4%
HS diploma42.1%
Some college29.8%
Bachelor's+15.7%
Housing tenure
55.5%
44.5%
Owner55.5%
Renter44.5%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How Anderson, IN has changed in 5 years

Rent
$724 → $1,054
up 45.6%
Income
$40,632 → $46,909
up 15.4%
Population
54,459 → 55,367
up 1.7%
Renter share
44.5% → 44.5%
+0.0 pts
Bachelor's+
16% → 15.7%
-0.3 pts

The median rent in Anderson, IN stood at $724 in 2021 and currently runs about $1,054, reflecting a 45.6% 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.

Community

Discussions about Anderson

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View Anderson rent history (2015–2026) →
Salary vs rent

Can you afford rent in Anderson on your salary?

At $1,054/mo, how Anderson rent compares to typical pay (30% rule).

By apartment size

Anderson rent by bedroom count

Median rent for each apartment size in Anderson. Click any size for full breakdown.

Local insights

Tips for renters in Anderson

About renting in Anderson, IN

Last updated: July 20, 2026

The median rent in Anderson is $1,054/mo as of July 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 27% of local median household income ($46,909/yr), Anderson ranks as affordable compared to the national benchmark of 30%. Rents have increased 0.7% over the past year.

FAQ

Frequently asked questions

Is Anderson an affordable city for renters?

Anderson is considered affordable for renters. At $1,054/mo, rent takes approximately 27% of the local median household income ($46,909/yr). The standard benchmark is 30%. Anderson falls comfortably within that range.

How much income do you need to rent in Anderson?

To keep rent at or below 30% of gross income, you would need to earn at least $42,000/year (~$20/hour full-time) to afford the median rent of $1,054/mo in Anderson. The local median household income is $46,909/yr, meaning the typical Anderson household meets that threshold.

Is rent going up or down in Anderson?

Rent in Anderson has increased 0.7% over the past year as of July 2026, putting upward pressure on renter budgets.

Which Anderson neighborhoods have the lowest rent?

The most affordable ZIP codes in Anderson are 46016 ($961/mo), 46013 ($1,062/mo), and 46012 ($1,119/mo). Citywide, the median rent in Anderson is $1,054/mo.

How does Anderson rent compare to other cities in Indiana?

Anderson is one of the more affordable cities in Indiana for rent, ranking #53 out of 65 tracked cities at $1,054/mo.

Which nearby cities are cheaper to rent in than Anderson?

Muncie is nearby and more affordable at $973/mo, which is $81 less than Anderson.

What percentage of Anderson residents rent vs. own?

According to Census data, approximately 44.5% of Anderson households are renters, while 55.5% are owner-occupied. Anderson leans toward homeownership, which can mean a smaller rental inventory.

How does Anderson rent compare to the national average?

Anderson's median rent of $1,054/mo is $911 (46%) below the US national median of $1,965/mo. Within Indiana, it ranks #53 out of 65 tracked cities.
Income Affordability
27%
AFFORDABLE

At $1,054/mo, rent takes ~27% of Anderson's median household income ($46,909/yr). The standard benchmark is 30%.

Anderson 27%Benchmark 30%
State income tax3.05%
Run the Anderson affordability calculator →
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Anderson, IN

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