Studio Apartment Rent in Anderson, IN
Median asking rent for a studio apartment in Anderson, Indiana as of July 2026. That's +25% lower than the citywide median of $1,054 and +39% below the national studio median of $1,290.
Income needed for a studio in Anderson
Using the standard 30% rent-to-income guideline (the threshold above which households are considered rent-burdened), here's what you need to earn to comfortably afford a studio at the current median rent.
Rent by apartment size in Anderson
Compare Anderson's median rent across every apartment size.
Cheapest cities for a studio in Indiana
| # | City | Studio rent |
|---|---|---|
| 1 | Frankfort | $517 |
| 2 | Crawfordsville | $644 |
| 3 | Marion | $650 |
| 4 | East Chicago | $670 |
| 5 | Michigan City | $700 |
| 6 | Richmond | $710 |
| 7 | Delphi | $720 |
| 8 | Angola | $730 |
| 9 | New Castle | $730 |
| 10 | Muncie | $735 |
| 11 | Mishawaka | $740 |
| 12 | Logansport | $770 |
| 13 | South Bend | $775 |
| 14 | Kokomo | $780 |
| 15 | Evansville | $792 |
Most expensive cities for a studio in Indiana
| # | City | Studio rent |
|---|---|---|
| 1 | Zionsville | $1,390 |
| 2 | Whitestown | $1,330 |
| 3 | Carmel | $1,327 |
| 4 | McCordsville | $1,210 |
| 5 | Lawrence | $1,205 |
| 6 | Avon | $1,190 |
| 7 | Westfield | $1,180 |
| 8 | Fishers | $1,170 |
| 9 | Brownsburg | $1,120 |
| 10 | Sellersburg | $1,100 |
| 11 | Granger | $1,070 |
| 12 | Noblesville | $1,050 |
| 13 | Columbus | $1,045 |
| 14 | Munster | $1,040 |
| 15 | Plainfield | $1,030 |
Nearby cities — studio rent
Considering nearby alternatives? 2 of these cities have cheaper studio rents than Anderson.
| City | Distance | Studio rent | vs Anderson |
|---|---|---|---|
| Pendleton, IN | 9.4 mi | $890 | +$97 (+12%) |
| Fishers, IN | 20.2 mi | $1,170 | +$377 (+48%) |
| Muncie, IN | 20.8 mi | $735 | $-58 (-7%) |
| Noblesville, IN | 20.9 mi | $1,050 | +$257 (+32%) |
| McCordsville, IN | 21.2 mi | $1,210 | +$417 (+53%) |
| Greenfield, IN | 21.9 mi | $890 | +$97 (+12%) |
| Lawrence, IN | 26 mi | $1,205 | +$412 (+52%) |
| Carmel, IN | 32.4 mi | $1,327 | +$534 (+67%) |
| Westfield, IN | 33.8 mi | $1,180 | +$387 (+49%) |
| Marion, IN | 34.2 mi | $650 | $-143 (-18%) |
| Indianapolis, IN | 38.9 mi | $1,003 | +$210 (+26%) |
| Beech Grove, IN | 38.9 mi | $890 | +$97 (+12%) |
Studio rent in Anderson — common questions
How much is a studio apartment in Anderson?
As of July 2026, the median studio apartment rent in Anderson, Indiana is $793 per month. This is +25% below the citywide median of $1,054.
What income do you need to afford a studio in Anderson?
Using the standard 30% rent-to-income rule, you would need an annual income of about $31,720 ($2,643/month gross), which works out to roughly $15.25/hour at a full-time job.
Is Anderson expensive for a studio compared to the rest of the US?
Anderson's studio median of $793 is +39% below the national studio median of $1,290. It ranks in the 10th percentile of US cities tracked.
How does Anderson rank for studio rent in Indiana?
Among the 63 cities in Indiana with studio data, Anderson ranks #16 from cheapest to most expensive.
Are there cheaper studio options near Anderson?
Yes — nearby cities with cheaper studio rents include Muncie ($735), Marion ($650).