2-Bedroom Apartment Rent in Lake Station, IN
Median asking rent for a 2-bedroom apartment in Lake Station, Indiana as of July 2026. That's +14% lower than the citywide median of $1,450 and +25% below the national 2-bedroom median of $1,655.
Income needed for a 2-bedroom in Lake Station
Using the standard 30% rent-to-income guideline (the threshold above which households are considered rent-burdened), here's what you need to earn to comfortably afford a 2-bedroom at the current median rent.
Rent by apartment size in Lake Station
Compare Lake Station's median rent across every apartment size.
Cheapest cities for a 2-bedroom in Indiana
| # | City | 2-Bedroom rent |
|---|---|---|
| 1 | Frankfort | $709 |
| 2 | Crawfordsville | $884 |
| 3 | East Chicago | $930 |
| 4 | Logansport | $930 |
| 5 | Marion | $930 |
| 6 | New Castle | $930 |
| 7 | Richmond | $940 |
| 8 | Angola | $970 |
| 9 | Delphi | $970 |
| 10 | La Porte | $978 |
| 11 | Muncie | $978 |
| 12 | Kokomo | $990 |
| 13 | Michigan City | $1,020 |
| 14 | Terre Haute | $1,023 |
| 15 | Elkhart | $1,055 |
Most expensive cities for a 2-bedroom in Indiana
| # | City | 2-Bedroom rent |
|---|---|---|
| 1 | Zionsville | $1,870 |
| 2 | Whitestown | $1,790 |
| 3 | Carmel | $1,783 |
| 4 | McCordsville | $1,620 |
| 5 | Lawrence | $1,620 |
| 6 | Avon | $1,600 |
| 7 | Westfield | $1,580 |
| 8 | Fishers | $1,577 |
| 9 | Granger | $1,540 |
| 10 | Brownsburg | $1,510 |
| 11 | Sellersburg | $1,460 |
| 12 | Munster | $1,450 |
| 13 | Merrillville | $1,440 |
| 14 | Noblesville | $1,415 |
| 15 | Lowell | $1,390 |
Nearby cities — 2-bedroom rent
Considering nearby alternatives? 4 of these cities have cheaper 2-bedroom rents than Lake Station.
| City | Distance | 2-Bedroom rent | vs Lake Station |
|---|---|---|---|
| Hobart, IN | 4.1 mi | $1,220 | $-20 (-2%) |
| Portage, IN | 5.7 mi | $1,210 | $-30 (-2%) |
| Gary, IN | 6.5 mi | $1,170 | $-70 (-6%) |
| Merrillville, IN | 8.2 mi | $1,440 | +$200 (+16%) |
| Crown Point, IN | 12.6 mi | $1,380 | +$140 (+11%) |
| Highland, IN | 13.6 mi | $1,390 | +$150 (+12%) |
| East Chicago, IN | 14.1 mi | $930 | $-310 (-25%) |
| Valparaiso, IN | 15.5 mi | $1,295 | +$55 (+4%) |
| Munster, IN | 16.7 mi | $1,450 | +$210 (+17%) |
| Lansing, IL | 19.9 mi | $1,530 | +$290 (+23%) |
| Calumet City, IL | 20.2 mi | $1,430 | +$190 (+15%) |
| Dolton, IL | 23.5 mi | $1,930 | +$690 (+56%) |
2-Bedroom rent in Lake Station — common questions
How much is a 2-bedroom apartment in Lake Station?
As of July 2026, the median 2-bedroom apartment rent in Lake Station, Indiana is $1,240 per month. This is +14% below the citywide median of $1,450.
What income do you need to afford a 2-bedroom in Lake Station?
Using the standard 30% rent-to-income rule, you would need an annual income of about $49,600 ($4,133/month gross), which works out to roughly $23.85/hour at a full-time job.
Is Lake Station expensive for a 2-bedroom compared to the rest of the US?
Lake Station's 2-bedroom median of $1,240 is +25% below the national 2-bedroom median of $1,655. It ranks in the 23th percentile of US cities tracked.
How does Lake Station rank for 2-bedroom rent in Indiana?
Among the 65 cities in Indiana with 2-bedroom data, Lake Station ranks #41 from cheapest to most expensive.
Are there cheaper 2-bedroom options near Lake Station?
Yes — nearby cities with cheaper 2-bedroom rents include Hobart ($1,220), Portage ($1,210), Gary ($1,170).