Rents are 7% below what Avon'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 $1,882 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: October 17, 2026
What the numbers show
December. Asking rents in Avon usually run 1.6% below trend in December and 1.1% above it in July, about $51 a month apart at today's median. Based on 7 years of data.
Rent in Avon is at its highest level since Zillow's records here began in November 2018.
Rent in Avon changed +3.0% over the year to September 2026. Across the 49 Indiana cities Zillow tracks, the typical change was +4.5%.
From 2019 to 2024, rent in Avon rose 38.2% while median household income rose 4.5% ($94,213 to $98,486). Rent outpaced income.
Rent in Avon is 45.2% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent has risen 4 months in a row, and rose in 9 of the last 12 months.
30% of the median household income ($98,486) is $2,462 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($2,080); a 4-bedroom is $2,530.
Speedway, 8 miles away, rents for 14% less ($1,615/mo), about $3,200 a year in savings.
From Zillow's monthly rent index (ZORI) for Avon. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
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Who lives here
Avon, IN is majority owner-occupied, has a median income above the national average, 40% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Avon, IN has changed in 5 years
The median rent in Avon, IN stood at $1,410 in 2021 and currently runs about $1,882, reflecting a 33.5% increase over the period. Median household income rose from $92,684 to $98,486 between 2021 and 2024, a 6.3% shift. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has grown by 12.4% since 2021, moving from about 20,848 residents to roughly 23,437. Renters now make up 29.1% of households, compared with 23.8% five years ago. College-educated residents now make up 40% of adults here, versus 45.5% in 2021. Taken together, the five-year picture in Avon, IN reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.
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At $1,882/mo, how Avon rent compares to typical pay (30% rule).
Avon rent by bedroom count
Median rent for each apartment size in Avon. Click any size for full breakdown.
Tips for renters in Avon
Last updated: October 17, 2026
The median rent in Avon is $1,882/mo as of October 2026. A studio apartment averages $1,190/mo while a 2-bedroom runs $1,600/mo. One-bedroom apartments average $1,370/mo and 3-bedroom units go for $2,080/mo.
At 23% of local median household income ($98,486/yr), Avon ranks as affordable compared to the national benchmark of 30%. Rents have increased 3.0% over the past year.
Frequently asked questions
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Which nearby cities are cheaper to rent in than Avon?
At $1,882/mo, rent takes ~23% of Avon's median household income ($98,486/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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