At $1,552/mo, rent takes about 24% of the local median household income, comfortably within the 30% benchmark.
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 $1,552 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
30% of the median household income ($77,288) is $1,932 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($1,790).
From Zillow's monthly rent index (ZORI) for Charlestown. 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
Charlestown, IN is majority owner-occupied, has a large share of families with children, 25.7% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Charlestown, IN has changed in 5 years
Median household income grew from $58,987 to $77,288 between 2021 and 2024, a 31.0% shift. Headcount in the area went from 7,859 to 8,294 between 2021 and 2024, a 5.5% change. About 22.6% of households rent today, against 27.6% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 19.9% to 25.7%.
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Can you afford rent in Charlestown on your salary?
At $1,552/mo, how Charlestown rent compares to typical pay (30% rule).
Charlestown rent by bedroom count
Median rent for each apartment size in Charlestown. Click any size for full breakdown.
Tips for renters in Charlestown
Last updated: October 17, 2026
The median rent in Charlestown is $1,552/mo as of October 2026. A studio apartment averages $910/mo while a 2-bedroom runs $1,200/mo. One-bedroom apartments average $990/mo and 3-bedroom units go for $1,550/mo.
At 24% of local median household income ($77,288/yr), Charlestown ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.
Frequently asked questions
How much income do you need to rent in Charlestown?
Is rent going up or down in Charlestown?
How does Charlestown rent compare to other cities in Indiana?
Which nearby cities are cheaper to rent in than Charlestown?
At $1,552/mo, rent takes ~24% of Charlestown's median household income ($77,288/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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