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City Report · IN

Clarksville

Pop. 22,016·45th most expensive in Indiana·One of the most affordable rental markets in the US
Median rent (all units)
$1,217/mo
Year-over-Year
Stable
Month-over-Month
-2.0%
vs US Median
-$745
Falling (Monthly)
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Most AffordableMost Expensive
Clarksville · $1,217
More affordable than 92% of US cities · National median $1,962/mo
Affordability
24% of income
VERY AFFORDABLE
0%30% benchmark60%+

At $1,217/mo, rent takes about 24% of the local median household income, comfortably within the 30% benchmark.

Income to afford
$49,000/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
Fair Market Rent (HUD)
$1,240/mo

These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,217 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 →

Rent trends

12-month history

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Last updated: August 17, 2026

Annual cost
$14,604/yr
At $1,217/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, -2.0% 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

Discussions about Clarksville

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

Can you afford rent in Clarksville on your salary?

At $1,217/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: August 17, 2026

The median rent in Clarksville is $1,217/mo as of August 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 24% 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 very affordable for renters. At $1,217/mo, rent takes approximately 24% 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 $49,000/year (~$24/hour full-time) to afford the median rent of $1,217/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 August 2026.

How does Clarksville rent compare to other cities in Indiana?

Clarksville is one of the more affordable cities in Indiana for rent, ranking #45 out of 62 tracked cities at $1,217/mo.

Which nearby cities are cheaper to rent in than Clarksville?

New Albany is nearby and more affordable at $1,171/mo, which is $46 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 $1,217/mo is $745 (38%) below the US national median of $1,962/mo. Within Indiana, it ranks #45 out of 62 tracked cities.
Income Affordability
24%
VERY AFFORDABLE

At $1,217/mo, rent takes ~24% of Clarksville's median household income ($60,467/yr). The standard benchmark is 30%.

Clarksville 24%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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