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City Report · IN

Clarksville

Pop. 22,016·42nd most expensive in Indiana·One of the most affordable rental markets in the US
Median rent (all units)
$1,242/mo
Year-over-Year
Stable
Month-over-Month
-1.0%
vs US Median
-$723
Falling (Monthly)
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Most AffordableMost Expensive
Clarksville · $1,242
More affordable than 91% of US cities · National median $1,965/mo
Affordability
25% of income
AFFORDABLE
0%30% benchmark60%+

At $1,242/mo, rent takes about 25% of the local median household income, comfortably within the 30% benchmark.

Income to afford
$50,000/yr
Local median income
$60,467/yr
Based on the 30%-of-income rule using Clarksville's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$940
1 BR
$1,020
2 BR
$1,240
3 BR
$1,600
4 BR+
$1,850
Research median
$1,240/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
$14,904/yr
At $1,242/mo median
Rent Market Meter
Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are softening (down 0.0% YoY), so renters have negotiating leverage.
Based on rent-price momentum (+0.0% YoY, -1.0% MoM), not inventory.
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Demographics

Who lives here

Clarksville, IN is majority owner-occupied, has a median income below the national average, 21.6% of residents hold a bachelor's degree or higher.

Population
22,016
Median income
$60,467
Median age
39.3
Renters
39.4%
Age distribution
20%
26%
24%
13.7%
16.2%
Under 1820%
18–3426%
35–5424%
55–6413.7%
65+16.2%
Gender
47.2%
52.8%
Male47.2%
Female52.8%
Race & ethnicity
75.1%
15.7%
White75.1%
Black8.7%
Hispanic15.7%
Asian0.8%
Education (25+)
15.2%
33%
30.2%
21.6%
No HS diploma15.2%
HS diploma33%
Some college30.2%
Bachelor's+21.6%
Housing tenure
60.6%
39.4%
Owner60.6%
Renter39.4%

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

2021 vs 2026

How Clarksville, IN has changed in 5 years

Income
$49,892 → $60,467
up 21.2%
Population
22,169 → 22,016
down 0.7%
Renter share
38.8% → 39.4%
+0.6 pts
Bachelor's+
19.4% → 21.6%
+2.2 pts
Median age
40.3 → 39.3
-1.0 yrs

Local incomes tracked alongside that move, going from a median of $49,892 in 2021 to $60,467 more recently. College-educated residents now make up 21.6% of adults here, versus 19.4% in 2021.

Community

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

Can you afford rent in Clarksville on your salary?

At $1,242/mo, how Clarksville rent compares to typical pay (30% rule).

By apartment size

Clarksville rent by bedroom count

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

Local insights

Tips for renters in Clarksville

About renting in Clarksville, IN

Last updated: July 20, 2026

The median rent in Clarksville is $1,242/mo as of July 2026. A studio apartment averages $940/mo while a 2-bedroom runs $1,240/mo. One-bedroom apartments average $1,020/mo and 3-bedroom units go for $1,600/mo.

At 25% of local median household income ($60,467/yr), Clarksville ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

Is Clarksville an affordable city for renters?

Clarksville is considered affordable for renters. At $1,242/mo, rent takes approximately 25% of the local median household income ($60,467/yr). The standard benchmark is 30%. Clarksville falls comfortably within that range.

How much income do you need to rent in Clarksville?

To keep rent at or below 30% of gross income, you would need to earn at least $50,000/year (~$24/hour full-time) to afford the median rent of $1,242/mo in Clarksville. The local median household income is $60,467/yr, meaning the typical Clarksville household meets that threshold.

Is rent going up or down in Clarksville?

Rent in Clarksville has been relatively stable over the past year, with a 0.0% change year over year as of July 2026.

How does Clarksville rent compare to other cities in Indiana?

Clarksville is middle-of-the-pack for Indiana for rent, ranking #42 out of 65 tracked cities at $1,242/mo.

Which nearby cities are cheaper to rent in than Clarksville?

New Albany is nearby and more affordable at $1,204/mo, which is $38 less than Clarksville.

What percentage of Clarksville residents rent vs. own?

According to Census data, approximately 39.4% of Clarksville households are renters, while 60.6% are owner-occupied. Clarksville leans toward homeownership, which can mean a smaller rental inventory.

How does Clarksville rent compare to the national average?

Clarksville's median rent of $1,242/mo is $723 (37%) below the US national median of $1,965/mo. Within Indiana, it ranks #42 out of 65 tracked cities.
Income Affordability
25%
AFFORDABLE

At $1,242/mo, rent takes ~25% of Clarksville's median household income ($60,467/yr). The standard benchmark is 30%.

Clarksville 25%Benchmark 30%
State income tax3.05%
Run the Clarksville affordability calculator →
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Clarksville, IN

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