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City Report · IN

Kokomo

Pop. 59,122·57th most expensive in Indiana·One of the most affordable rental markets in the US
Median rent (all units)
$1,009/mo
Year-over-Year
-0.8%
Month-over-Month
+2.5%
vs US Median
-$956
Rising (Monthly)
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Most AffordableMost Expensive
Kokomo · $1,009
More affordable than 98% of US cities · National median $1,965/mo
Rent Reality Score
57/100
Fairly priced
OverheatedFairGreat value

Rents are 3% below what Kokomo's 10-year trend predicts — a better deal than its own history suggests.

Actual rent
$1,009/mo
Expected by trend
$1,044/mo
The Rent Reality Score compares today's median rent to where Kokomo's own long-run trajectory projects it should be. See the full rankings →
Medians by bedroom

Rent by unit size

Studio
$780
1 BR
$790
2 BR
$990
3 BR
$1,245
4 BR+
$1,395
Research median
$990/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
$12,108/yr
At $1,009/mo median
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (0.8% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (-0.8% YoY, +2.5% MoM), not inventory.
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Demographics

Who lives here

Kokomo, IN is majority owner-occupied, has a median income below the national average, 18.1% of residents hold a bachelor's degree or higher.

Population
59,122
Median income
$55,360
Median age
39.4
Renters
37%
Age distribution
23.3%
21.6%
23.1%
12.8%
19.2%
Under 1823.3%
18–3421.6%
35–5423.1%
55–6412.8%
65+19.2%
Gender
46.8%
53.2%
Male46.8%
Female53.2%
Race & ethnicity
80.7%
White80.7%
Black10%
Hispanic4.3%
Asian2%
Other3%
Education (25+)
39.3%
32.4%
18.1%
No HS diploma10.2%
HS diploma39.3%
Some college32.4%
Bachelor's+18.1%
Housing tenure
63%
37%
Owner63%
Renter37%

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

2021 vs 2026

How Kokomo, IN has changed in 5 years

Rent
$677 → $1,009
up 49.0%
Income
$51,450 → $55,360
up 7.6%
Population
59,263 → 59,122
down 0.2%
Renter share
33.9% → 37%
+3.1 pts
Bachelor's+
18% → 18.1%
+0.1 pts
Median age
40 → 39.4
-0.6 yrs

The median rent in Kokomo, IN stood at $677 in 2021 and currently runs about $1,009, reflecting a 49.0% increase over the period. Local incomes tracked alongside that move, going from a median of $51,450 in 2021 to $55,360 more recently. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. Renters now make up 37% of households, compared with 33.9% five years ago. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the Kokomo, IN market of 2021.

Community

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

Can you afford rent in Kokomo on your salary?

At $1,009/mo, how Kokomo rent compares to typical pay (30% rule).

By apartment size

Kokomo rent by bedroom count

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

Local insights

Tips for renters in Kokomo

About renting in Kokomo, IN

Last updated: July 20, 2026

The median rent in Kokomo is $1,009/mo as of July 2026. A studio apartment averages $780/mo while a 2-bedroom runs $990/mo. One-bedroom apartments average $790/mo and 3-bedroom units go for $1,245/mo.

At 22% of local median household income ($55,360/yr), Kokomo ranks as affordable compared to the national benchmark of 30%. Rents have decreased 0.8% over the past year.

FAQ

Frequently asked questions

Is Kokomo an affordable city for renters?

Kokomo is considered very affordable for renters. At $1,009/mo, rent takes approximately 22% of the local median household income ($55,360/yr). The standard benchmark is 30%. Kokomo falls comfortably within that range.

How much income do you need to rent in Kokomo?

To keep rent at or below 30% of gross income, you would need to earn at least $40,000/year (~$19/hour full-time) to afford the median rent of $1,009/mo in Kokomo. The local median household income is $55,360/yr, meaning the typical Kokomo household meets that threshold.

Is rent going up or down in Kokomo?

Rent in Kokomo has decreased 0.8% over the past year as of July 2026, offering some relief compared to 12 months ago.

Which Kokomo neighborhoods have the lowest rent?

The most affordable ZIP codes in Kokomo are 46901 ($987/mo), and 46902 ($1,036/mo). Citywide, the median rent in Kokomo is $1,009/mo.

How does Kokomo rent compare to other cities in Indiana?

Kokomo is one of the more affordable cities in Indiana for rent, ranking #57 out of 65 tracked cities at $1,009/mo.

Which nearby cities are cheaper to rent in than Kokomo?

Several nearby cities have lower median rents than Kokomo ($1,009/mo): Frankfort ($763/mo), Logansport ($995/mo).

What percentage of Kokomo residents rent vs. own?

According to Census data, approximately 37% of Kokomo households are renters, while 63% are owner-occupied. Kokomo leans toward homeownership, which can mean a smaller rental inventory.

How does Kokomo rent compare to the national average?

Kokomo's median rent of $1,009/mo is $956 (49%) below the US national median of $1,965/mo. Within Indiana, it ranks #57 out of 65 tracked cities.
Income Affordability
22%
VERY AFFORDABLE

At $1,009/mo, rent takes ~22% of Kokomo's median household income ($55,360/yr). The standard benchmark is 30%.

Kokomo 22%Benchmark 30%
State income tax3.05%
Run the Kokomo affordability calculator →
Lowest-rent ZIP codes in Kokomo
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Kokomo, IN

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