At $1,670/mo, rent takes about 34% of the local median household income, slightly above 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 $1,670 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: August 17, 2026
What the numbers show
30% of the median household income ($59,591) is $1,490 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,240); a 3-bedroom is $1,530.
From Zillow's monthly rent index (ZORI) for Lake Station. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
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Who lives here
Lake Station, IN is majority owner-occupied, has a large share of families with children, has a median income below the national average, 7.4% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Lake Station, IN has changed in 5 years
Local incomes tracked alongside that move, going from a median of $50,852 in 2021 to $59,591 more recently. About 28% of households rent today, against 32.9% in 2021.
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Can you afford rent in Lake Station on your salary?
At $1,670/mo, how Lake Station rent compares to typical pay (30% rule).
Lake Station rent by bedroom count
Median rent for each apartment size in Lake Station. Click any size for full breakdown.
Tips for renters in Lake Station
Last updated: August 17, 2026
The median rent in Lake Station is $1,670/mo as of August 2026. A studio apartment averages $890/mo while a 2-bedroom runs $1,240/mo. One-bedroom apartments average $1,020/mo and 3-bedroom units go for $1,530/mo.
At 34% of local median household income ($59,591/yr), Lake Station ranks as moderate compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.
Frequently asked questions
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Is rent going up or down in Lake Station?
How does Lake Station rent compare to other cities in Indiana?
At $1,670/mo, rent takes ~34% of Lake Station's median household income ($59,591/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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