2-Bedroom Apartment Rent in Lake Station, IN
Median asking rent for a 2-bedroom apartment in Lake Station, Indiana as of August 2026. That's +26% lower than the citywide median of $1,670 and +25% below the national 2-bedroom median of $1,657.
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 | East Chicago | $930 |
| 2 | Marion | $930 |
| 3 | New Castle | $930 |
| 4 | Richmond | $940 |
| 5 | Angola | $970 |
| 6 | La Porte | $978 |
| 7 | Muncie | $978 |
| 8 | Kokomo | $990 |
| 9 | Michigan City | $1,020 |
| 10 | Terre Haute | $1,023 |
| 11 | Elkhart | $1,055 |
| 12 | Warsaw | $1,060 |
| 13 | Evansville | $1,068 |
| 14 | Mishawaka | $1,085 |
| 15 | Anderson | $1,100 |
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 | Highland | $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%) |
| Schererville, IN | 14.1 mi | $1,360 | +$120 (+10%) |
| 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%) |
2-Bedroom rent in Lake Station — common questions
How much is a 2-bedroom apartment in Lake Station?
As of August 2026, the median 2-bedroom apartment rent in Lake Station, Indiana is $1,240 per month. This is +26% below the citywide median of $1,670.
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 $1,657. It ranks in the 23th percentile of US cities tracked.
How does Lake Station rank for 2-bedroom rent in Indiana?
Among the 62 cities in Indiana with 2-bedroom data, Lake Station ranks #37 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).