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City Report · IN

Lowell

Pop. 11,073·9th most expensive in Indiana·Rental market data updated monthly for Lowell, IN
Median rent (all units)
$1,861/mo
Year-over-Year
Stable
Month-over-Month
+26.3%
vs US Median
-$104
Rising (Monthly)
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Most AffordableMost Expensive
Lowell · $1,861
More expensive than 50% of US cities · National median $1,965/mo
Affordability
27% of income
AFFORDABLE
0%30% benchmark60%+

At $1,861/mo, rent takes about 27% of the local median household income, comfortably within the 30% benchmark.

Income to afford
$74,000/yr
Local median income
$84,024/yr
Based on the 30%-of-income rule using Lowell's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$1,000
1 BR
$1,140
2 BR
$1,390
3 BR
$1,710
4 BR+
$1,840
Research median
$1,390/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
$22,332/yr
At $1,861/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, +26.3% MoM), not inventory.
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Demographics

Who lives here

Lowell, IN is majority owner-occupied, has a large retiree population, 24.2% of residents hold a bachelor's degree or higher.

Population
11,073
Median income
$84,024
Median age
39.2
Renters
15.7%
Age distribution
24.7%
20%
23.3%
22.1%
Under 1824.7%
18–3420%
35–5423.3%
55–649.9%
65+22.1%
Gender
48.5%
51.5%
Male48.5%
Female51.5%
Race & ethnicity
88.7%
White88.7%
Hispanic9.8%
Other1.2%
Education (25+)
38.1%
35.4%
24.2%
No HS diploma2.3%
HS diploma38.1%
Some college35.4%
Bachelor's+24.2%
Housing tenure
84.3%
15.7%
Owner84.3%
Renter15.7%

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

2021 vs 2026

How Lowell, IN has changed in 5 years

Income
$71,463 → $84,024
up 17.6%
Population
10,569 → 11,073
up 4.8%
Renter share
17.4% → 15.7%
-1.7 pts
Bachelor's+
20.1% → 24.2%
+4.1 pts
Median age
37.5 → 39.2
+1.7 yrs

Household income in the area moved from $71,463 to $84,024 across the same window, up 17.6% versus 2021. Headcount in the area went from 10,569 to 11,073 between 2021 and 2024, a 4.8% change. About 15.7% of households rent today, against 17.4% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 20.1% to 24.2%.

Community

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

Can you afford rent in Lowell on your salary?

At $1,861/mo, how Lowell rent compares to typical pay (30% rule).

By apartment size

Lowell rent by bedroom count

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

Local insights

Tips for renters in Lowell

About renting in Lowell, IN

Last updated: July 20, 2026

The median rent in Lowell is $1,861/mo as of July 2026. A studio apartment averages $1,000/mo while a 2-bedroom runs $1,390/mo. One-bedroom apartments average $1,140/mo and 3-bedroom units go for $1,710/mo.

At 27% of local median household income ($84,024/yr), Lowell ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

Is Lowell an affordable city for renters?

Lowell is considered affordable for renters. At $1,861/mo, rent takes approximately 27% of the local median household income ($84,024/yr). The standard benchmark is 30%. Lowell falls comfortably within that range.

How much income do you need to rent in Lowell?

To keep rent at or below 30% of gross income, you would need to earn at least $74,000/year (~$36/hour full-time) to afford the median rent of $1,861/mo in Lowell. The local median household income is $84,024/yr, meaning the typical Lowell household meets that threshold.

Is rent going up or down in Lowell?

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

How does Lowell rent compare to other cities in Indiana?

Lowell is one of the pricier cities in Indiana for rent, ranking #9 out of 65 tracked cities at $1,861/mo.

Which nearby cities are cheaper to rent in than Lowell?

Several nearby cities have lower median rents than Lowell ($1,861/mo): Merrillville ($1,550/mo), Highland ($1,557/mo), Crown Point ($1,795/mo).

What percentage of Lowell residents rent vs. own?

According to Census data, approximately 15.7% of Lowell households are renters, while 84.3% are owner-occupied. Lowell leans toward homeownership, which can mean a smaller rental inventory.

How does Lowell rent compare to the national average?

Lowell's median rent of $1,861/mo is $104 (5%) below the US national median of $1,965/mo. Within Indiana, it ranks #9 out of 65 tracked cities.
Income Affordability
27%
AFFORDABLE

At $1,861/mo, rent takes ~27% of Lowell's median household income ($84,024/yr). The standard benchmark is 30%.

Lowell 27%Benchmark 30%
State income tax3.05%
Run the Lowell affordability calculator →
Lowest-rent ZIP codes in Lowell
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Lowell, IN

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