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

As of July 2026, the median monthly rent in Hobart, IN is $1,376. This figure is based on aggregated data from public sources and community-submitted rents.

Is Hobart cheaper than other Indiana cities?

Hobart falls in the middle range for Indiana, ranking #35 out of 65 cities at $1,376/mo.

When was Hobart rent data last updated?

Hobart 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

Hobart

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

Pop. 29,558·35th most expensive in Indiana·One of the most affordable rental markets in the US

Median rent (all units)

$1,376/mo

Year-over-Year

Stable

Month-over-Month

+3.2%

vs US Median

-$589

Rising (Monthly)

Be the first to discuss Hobart rents ↓

Most AffordableMost Expensive

Hobart · $1,376

More affordable than 83% of US cities · National median $1,965/mo

Affordability

22% of income

VERY AFFORDABLE

0%30% benchmark60%+

At $1,376/mo, rent takes about 22% of the local median household income, comfortably within the 30% benchmark.

Income to afford

$55,000/yr

Local median income

$75,160/yr

Based on the 30%-of-income rule using Hobart's median rent and household income. See the full affordability breakdown →

Medians by bedroom

Rent by unit size

Studio

$880

1 BR

$1,000

2 BR

$1,220

3 BR

$1,500

4 BR+

$1,620

Research median

$1,220/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

$16,512/yr

At $1,376/mo median

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 0.0% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+0.0% YoY, +3.2% MoM), not inventory.

Rent check

Is your rent fair?

Compare your rent to the local median.

Demographics

Who lives here

Hobart, IN is majority owner-occupied, 21.2% of residents hold a bachelor's degree or higher.

Population

29,558

Median income

$75,160

Median age

39.5

Renters

30.5%

Age distribution

19.8%

24.6%

26.8%

13.7%

15.1%

Under 1819.8%

18–3424.6%

35–5426.8%

55–6413.7%

65+15.1%

Gender

49.4%

50.6%

Male49.4%

Female50.6%

Race & ethnicity

69.8%

14.4%

16.7%

White69.8%

Black14.4%

Hispanic16.7%

Asian1.1%

Education (25+)

40.4%

32.8%

21.2%

No HS diploma5.6%

HS diploma40.4%

Some college32.8%

Bachelor's+21.2%

Housing tenure

69.5%

30.5%

Owner69.5%

Renter30.5%

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

2021 vs 2026

How Hobart, IN has changed in 5 years

Income

$63,168 → $75,160

up 19.0%

Population

29,516 → 29,558

up 0.1%

Renter share

27.6% → 30.5%

+2.9 pts

Bachelor's+

23.5% → 21.2%

-2.3 pts

Median age

40.2 → 39.5

-0.7 yrs

Census figures show median household income at $75,160 today, compared with $63,168 five years earlier. About 30.5% 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 slipped from 23.5% to 21.2%.

Community

Discussions about Hobart

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View Hobart rent history (2015–2026) →

Salary vs rent

Can you afford rent in Hobart on your salary?

At $1,376/mo, how Hobart rent compares to typical pay (30% rule).

Registered Nurse

Avg $86,922/yr · Rent = 19% income

very comfortable

Elementary School Teacher

Avg $61,714/yr · Rent = 26.8% income

affordable

Police Officer

Avg $71,088/yr · Rent = 23.2% income

affordable

Software Developer

Avg $127,061/yr · Rent = 13% income

very comfortable

Lawyer

Avg $162,352/yr · Rent = 10.2% income

very comfortable

Firefighter

Avg $57,785/yr · Rent = 28.6% income

affordable

Truck Driver

Avg $52,173/yr · Rent = 31.6% income

stretched

Electrician

Avg $64,308/yr · Rent = 25.7% income

affordable

By apartment size

Hobart rent by bedroom count

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

Local insights

Tips for renters in Hobart

About renting in Hobart, IN

Last updated: July 20, 2026

The median rent in Hobart is $1,376/mo as of July 2026. A studio apartment averages $880/mo while a 2-bedroom runs $1,220/mo. One-bedroom apartments average $1,000/mo and 3-bedroom units go for $1,500/mo.

At 22% of local median household income ($75,160/yr), Hobart ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

Is Hobart an affordable city for renters?

Hobart is considered very affordable for renters. At $1,376/mo, rent takes approximately 22% of the local median household income ($75,160/yr). The standard benchmark is 30%. Hobart falls comfortably within that range.

How much income do you need to rent in Hobart?

To keep rent at or below 30% of gross income, you would need to earn at least $55,000/year (~$26/hour full-time) to afford the median rent of $1,376/mo in Hobart. The local median household income is $75,160/yr, meaning the typical Hobart household meets that threshold.

Is rent going up or down in Hobart?

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

How does Hobart rent compare to other cities in Indiana?

Hobart is middle-of-the-pack for Indiana for rent, ranking #35 out of 65 tracked cities at $1,376/mo.

Which nearby cities are cheaper to rent in than Hobart?

Gary is nearby and more affordable at $1,366/mo, which is $10 less than Hobart.

What percentage of Hobart residents rent vs. own?

According to Census data, approximately 30.5% of Hobart households are renters, while 69.5% are owner-occupied. Hobart leans toward homeownership, which can mean a smaller rental inventory.