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City Report · IN

Marion

Pop. 276·59th most expensive in Indiana·Marion rents are up 36.0% over the past year
Median rent (all units)
$926/mo
Year-over-Year
+36.0%
Month-over-Month
+1.4%
vs US Median
-$1,036
Rising (Monthly)
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Most AffordableMost Expensive
Marion · $926
More affordable than 99% of US cities · National median $1,962/mo
Affordability
16% of income
VERY AFFORDABLE
0%30% benchmark60%+

At $926/mo, rent takes about 16% of the local median household income, comfortably within the 30% benchmark.

Income to afford
$37,000/yr
Local median income
$71,563/yr
Based on the 30%-of-income rule using Marion's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$650
1 BR
$740
2 BR
$930
3 BR
$1,210
4 BR+
$1,370
Fair Market Rent (HUD)
$930/mo

These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $926 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 →

Rent trends

12-month history

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Last updated: August 17, 2026

Annual cost
$11,112/yr
At $926/mo median
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 36.0% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+36.0% YoY, +1.4% MoM), not inventory.
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Demographics

Who lives here

Marion, IN is roughly split between renters and owners, 7.9% of residents hold a bachelor's degree or higher.

Population
276
Median income
$71,563
Median age
46.6
Renters
53.9%
Age distribution
17%
36.6%
39.1%
Under 1817%
18–347.2%
35–5436.6%
55–6439.1%
Gender
40.9%
59.1%
Male40.9%
Female59.1%
Race & ethnicity
100%
White100%
Education (25+)
12.2%
29.3%
50.7%
No HS diploma12.2%
HS diploma29.3%
Some college50.7%
Bachelor's+7.9%
Housing tenure
46.1%
53.9%
Owner46.1%
Renter53.9%

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

2021 vs 2026

How Marion, IN has changed in 5 years

Income
$37,835 → $71,563
up 89.1%
Population
27,757 → 276
down 99.0%
Renter share
42.2% → 53.9%
+11.7 pts
Bachelor's+
16.6% → 7.9%
-8.7 pts
Median age
36.6 → 46.6
+10.0 yrs

On the earnings side, the typical household in Marion, IN now reports about $71,563, up from $37,835 in 2021. The population has contracted by 99.0% since 2021, moving from about 27,757 residents to roughly 276. Renters now make up 53.9% of households, compared with 42.2% five years ago. College-educated residents now make up 7.9% of adults here, versus 16.6% in 2021.

Community

Discussions about Marion

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

Can you afford rent in Marion on your salary?

At $926/mo, how Marion rent compares to typical pay (30% rule).

By apartment size

Marion rent by bedroom count

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

Local insights

Tips for renters in Marion

About renting in Marion, IN

Last updated: August 17, 2026

The median rent in Marion is $926/mo as of August 2026. A studio apartment averages $650/mo while a 2-bedroom runs $930/mo. One-bedroom apartments average $740/mo and 3-bedroom units go for $1,210/mo.

At 16% of local median household income ($71,563/yr), Marion ranks as affordable compared to the national benchmark of 30%. Rents have increased 36.0% over the past year.

FAQ

Frequently asked questions

Is Marion an affordable city for renters?

Marion is considered very affordable for renters. At $926/mo, rent takes approximately 16% of the local median household income ($71,563/yr). The standard benchmark is 30%. Marion falls comfortably within that range.

How much income do you need to rent in Marion?

To keep rent at or below 30% of gross income, you would need to earn at least $37,000/year (~$18/hour full-time) to afford the median rent of $926/mo in Marion. The local median household income is $71,563/yr, meaning the typical Marion household meets that threshold.

Is rent going up or down in Marion?

Rent in Marion has increased 36.0% over the past year as of August 2026, putting upward pressure on renter budgets.

How does Marion rent compare to other cities in Indiana?

Marion is one of the more affordable cities in Indiana for rent, ranking #59 out of 62 tracked cities at $926/mo.

What percentage of Marion residents rent vs. own?

According to Census data, approximately 53.9% of Marion households are renters, while 46.1% are owner-occupied. With a majority renter population, Marion has a strong rental market.

How does Marion rent compare to the national average?

Marion's median rent of $926/mo is $1,036 (53%) below the US national median of $1,962/mo. Within Indiana, it ranks #59 out of 62 tracked cities.
Income Affordability
16%
VERY AFFORDABLE

At $926/mo, rent takes ~16% of Marion's median household income ($71,563/yr). The standard benchmark is 30%.

Marion 16%Benchmark 30%
State income tax3.05%
Run the Marion affordability calculator →
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Marion, IN

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