At $1,050/mo, rent takes about 23% 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 $1,050 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: June 22, 2026
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Who lives here
Greencastle, IN is majority renter-occupied, skews toward younger working-age adults, has a median income below the national average, 22.5% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Greencastle, IN has changed in 5 years
Median household income climbed from $47,091 to $55,565 between 2021 and 2024, a 18.0% shift. Census counts show Greencastle, IN losing about 116 residents over the five-year window, down 1.2% on net. The renter share has risen from 52.4% to 57.6%, with owner-occupied housing accounting for the remainder.
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Can you afford rent in Greencastle on your salary?
At $1,050/mo, how Greencastle rent compares to typical pay (30% rule).
Greencastle rent by bedroom count
Median rent for each apartment size in Greencastle. Click any size for full breakdown.
Tips for renters in Greencastle
Last updated: June 22, 2026
The median rent in Greencastle is $1,050/mo as of June 2026. A studio apartment averages $750/mo while a 2-bedroom runs $1,030/mo. One-bedroom apartments average $800/mo and 3-bedroom units go for $1,370/mo.
At 23% of local median household income ($55,565/yr), Greencastle ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.
Frequently asked questions
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How does Greencastle rent compare to the national average?
At $1,050/mo, rent takes ~23% of Greencastle's median household income ($55,565/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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