How much does it cost to rent in Fishers, IN?

As of July 2026, the median monthly rent in Fishers, IN is $1,883. This figure is based on aggregated data from public sources and community-submitted rents.

Is Fishers cheaper than other Indiana cities?

Fishers is one of the pricier cities in Indiana, ranking #8 out of 65 cities tracked at $1,883/mo.

When was Fishers rent data last updated?

Fishers rent data reflects July 2026 and was last refreshed on July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.

City Report · IN

Fishers

Name: Average Rent Prices in Fishers, IN
Creator: RentDataNow
License: https://rentdatanow.com/terms-of-service

Pop. 102,337·8th most expensive in Indiana·Fishers rents are up 6.9% over the past year

Median rent (all units)

$1,883/mo

Year-over-Year

+6.9%

Month-over-Month

+0.8%

vs US Median

-$82

Rising (Monthly)

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Most AffordableMost Expensive

Fishers · $1,883

More expensive than 51% of US cities · National median $1,965/mo

Rent Reality Score

47/100

Fairly priced

OverheatedFairGreat value

Rents are right about where Fishers's 10-year trend predicts.

Actual rent

$1,883/mo

Expected by trend

$1,857/mo

The Rent Reality Score compares today's median rent to where Fishers's own long-run trajectory projects it should be. See the full rankings →

Medians by bedroom

Rent by unit size

Studio

$1,170

1 BR

$1,343

2 BR

$1,577

3 BR

$2,050

4 BR+

$2,480

Research median

$1,577/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

Loading…

Last updated: July 20, 2026

Annual cost

$22,596/yr

At $1,883/mo median

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 6.9% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+6.9% YoY, +0.8% MoM), not inventory.

Rent check

Is your rent fair?

Compare your rent to the local median.

Demographics

Who lives here

Fishers, IN is majority owner-occupied, has a large share of families with children, has a median income above the national average, 66.4% of residents hold a bachelor's degree or higher.

Population

102,337

Median income

$130,203

Median age

37.6

Renters

23.8%

Age distribution

26.7%

19.1%

31.4%

12.2%

Under 1826.7%

18–3419.1%

35–5431.4%

55–6410.6%

65+12.2%

Gender

49.6%

50.4%

Male49.6%

Female50.4%

Race & ethnicity

78.3%

White78.3%

Black5.1%

Hispanic4.7%

Asian7.9%

Other4%

Education (25+)

20.4%

66.4%

No HS diploma2.4%

HS diploma10.7%

Some college20.4%

Bachelor's+66.4%

Housing tenure

76.2%

23.8%

Owner76.2%

Renter23.8%

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

2021 vs 2026

How Fishers, IN has changed in 5 years

Rent

$1,383 → $1,883

up 36.2%

Income

$117,503 → $130,203

up 10.8%

Population

97,154 → 102,337

up 5.3%

Renter share

22.9% → 23.8%

+0.9 pts

Bachelor's+

66.4% → 66.4%

+0.0 pts

Median age

36.7 → 37.6

+0.9 yrs

Rent in Fishers, IN has climbed 36.2% since 2021, going from about $1,383 per month to roughly $1,883 today. Median household income grew from $117,503 to $130,203 between 2021 and 2024, a 10.8% shift. Rent outpaced income growth by roughly 25.4 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. Headcount in the area went from 97,154 to 102,337 between 2021 and 2024, a 5.3% change. Taken together, the five-year picture in Fishers, 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.

Community

Discussions about Fishers

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View Fishers rent history (2015–2026) →

Salary vs rent

Can you afford rent in Fishers on your salary?

At $1,883/mo, how Fishers rent compares to typical pay (30% rule).

Registered Nurse

Avg $86,922/yr · Rent = 26% income

affordable

Elementary School Teacher

Avg $61,714/yr · Rent = 36.6% income

stretched

Police Officer

Avg $71,088/yr · Rent = 31.8% income

stretched

Software Developer

Avg $127,061/yr · Rent = 17.8% income

very comfortable

Lawyer

Avg $162,352/yr · Rent = 13.9% income

very comfortable

Firefighter

Avg $57,785/yr · Rent = 39.1% income

stretched

Truck Driver

Avg $52,173/yr · Rent = 43.3% income

rent-burdened

Electrician

Avg $64,308/yr · Rent = 35.1% income

stretched

By apartment size

Fishers rent by bedroom count

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

Local insights

Tips for renters in Fishers

About renting in Fishers, IN

Last updated: July 20, 2026

The median rent in Fishers is $1,883/mo as of July 2026. A studio apartment averages $1,170/mo while a 2-bedroom runs $1,577/mo. One-bedroom apartments average $1,343/mo and 3-bedroom units go for $2,050/mo.

At 17% of local median household income ($130,203/yr), Fishers ranks as affordable compared to the national benchmark of 30%. Rents have increased 6.9% over the past year.

FAQ

Frequently asked questions

Is Fishers an affordable city for renters?

Fishers is considered very affordable for renters. At $1,883/mo, rent takes approximately 17% of the local median household income ($130,203/yr). The standard benchmark is 30%. Fishers falls comfortably within that range.

How much income do you need to rent in Fishers?

To keep rent at or below 30% of gross income, you would need to earn at least $75,000/year (~$36/hour full-time) to afford the median rent of $1,883/mo in Fishers. The local median household income is $130,203/yr, meaning the typical Fishers household meets that threshold.

Is rent going up or down in Fishers?

Rent in Fishers has increased 6.9% over the past year as of July 2026, putting upward pressure on renter budgets.

Which Fishers neighborhoods have the lowest rent?

The most affordable ZIP codes in Fishers are 46040 ($1,742/mo), 46038 ($1,748/mo), and 46037 ($1,966/mo). Citywide, the median rent in Fishers is $1,883/mo.

How does Fishers rent compare to other cities in Indiana?

Fishers is one of the pricier cities in Indiana for rent, ranking #8 out of 65 tracked cities at $1,883/mo.

Which nearby cities are cheaper to rent in than Fishers?

Several nearby cities have lower median rents than Fishers ($1,883/mo): Fortville ($1,554/mo), Lawrence ($1,615/mo), Noblesville ($1,716/mo).

What percentage of Fishers residents rent vs. own?

According to Census data, approximately 23.8% of Fishers households are renters, while 76.2% are owner-occupied. Fishers leans toward homeownership, which can mean a smaller rental inventory.