At $1,304/mo, rent takes about 19% of the local median household income, comfortably within 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 $1,304 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: October 17, 2026
What the numbers show
30% of the median household income ($84,024) is $2,101 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($1,840).
From Zillow's monthly rent index (ZORI) for Lowell. 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
Lowell, IN is majority owner-occupied, has a large retiree population, 24.2% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Lowell, IN has changed in 5 years
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%.
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Can you afford rent in Lowell on your salary?
At $1,304/mo, how Lowell rent compares to typical pay (30% rule).
Lowell rent by bedroom count
Median rent for each apartment size in Lowell. Click any size for full breakdown.
Tips for renters in Lowell
Last updated: October 17, 2026
The median rent in Lowell is $1,304/mo as of October 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 19% 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.
Frequently asked questions
How much income do you need to rent in Lowell?
Is rent going up or down in Lowell?
How does Lowell rent compare to other cities in Indiana?
At $1,304/mo, rent takes ~19% of Lowell's median household income ($84,024/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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