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City Report · IN

Newburgh

Pop. 3,395·21st most expensive in Indiana·Newburgh rents are up 25.4% over the past year
Median rent (all units)
$1,632/mo
Year-over-Year
+25.4%
Month-over-Month
+0.4%
vs US Median
-$333
Stable (Monthly)
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Most AffordableMost Expensive
Newburgh · $1,632
More affordable than 67% of US cities · National median $1,965/mo
Affordability
26% of income
AFFORDABLE
0%30% benchmark60%+

At $1,632/mo, rent takes about 26% of the local median household income, comfortably within the 30% benchmark.

Income to afford
$65,000/yr
Local median income
$75,135/yr
Based on the 30%-of-income rule using Newburgh's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$910
1 BR
$960
2 BR
$1,230
3 BR
$1,520
4 BR+
$1,720
Research median
$1,230/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
$19,584/yr
At $1,632/mo median
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 25.4% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+25.4% YoY, +0.4% MoM), not inventory.
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Demographics

Who lives here

Newburgh, IN is majority owner-occupied, has a large retiree population, 35.1% of residents hold a bachelor's degree or higher.

Population
3,395
Median income
$75,135
Median age
50.8
Renters
25.4%
Age distribution
22.8%
21.4%
19.4%
25.2%
Under 1822.8%
18–3411.2%
35–5421.4%
55–6419.4%
65+25.2%
Gender
52.3%
47.7%
Male52.3%
Female47.7%
Race & ethnicity
98.9%
White98.9%
Hispanic3.6%
Education (25+)
20.2%
42.4%
35.1%
No HS diploma2.3%
HS diploma20.2%
Some college42.4%
Bachelor's+35.1%
Housing tenure
74.6%
25.4%
Owner74.6%
Renter25.4%

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

2021 vs 2026

How Newburgh, IN has changed in 5 years

Income
$67,328 → $75,135
up 11.6%
Population
3,365 → 3,395
up 0.9%
Renter share
22.5% → 25.4%
+2.9 pts
Bachelor's+
30.8% → 35.1%
+4.3 pts
Median age
48.9 → 50.8
+1.9 yrs

Local incomes tracked alongside that move, going from a median of $67,328 in 2021 to $75,135 more recently. The renter share has risen from 22.5% to 25.4%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 30.8% to 35.1% across the same window.

Community

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

Can you afford rent in Newburgh on your salary?

At $1,632/mo, how Newburgh rent compares to typical pay (30% rule).

By apartment size

Newburgh rent by bedroom count

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

Local insights

Tips for renters in Newburgh

About renting in Newburgh, IN

Last updated: July 20, 2026

The median rent in Newburgh is $1,632/mo as of July 2026. A studio apartment averages $910/mo while a 2-bedroom runs $1,230/mo. One-bedroom apartments average $960/mo and 3-bedroom units go for $1,520/mo.

At 26% of local median household income ($75,135/yr), Newburgh ranks as affordable compared to the national benchmark of 30%. Rents have increased 25.4% over the past year.

FAQ

Frequently asked questions

Is Newburgh an affordable city for renters?

Newburgh is considered affordable for renters. At $1,632/mo, rent takes approximately 26% of the local median household income ($75,135/yr). The standard benchmark is 30%. Newburgh falls comfortably within that range.

How much income do you need to rent in Newburgh?

To keep rent at or below 30% of gross income, you would need to earn at least $65,000/year (~$31/hour full-time) to afford the median rent of $1,632/mo in Newburgh. The local median household income is $75,135/yr, meaning the typical Newburgh household meets that threshold.

Is rent going up or down in Newburgh?

Rent in Newburgh has increased 25.4% over the past year as of July 2026, putting upward pressure on renter budgets.

How does Newburgh rent compare to other cities in Indiana?

Newburgh is one of the pricier cities in Indiana for rent, ranking #21 out of 65 tracked cities at $1,632/mo.

Which nearby cities are cheaper to rent in than Newburgh?

Several nearby cities have lower median rents than Newburgh ($1,632/mo): Russellville ($890/mo), Hopkinsville ($997/mo), Evansville ($1,038/mo).

What percentage of Newburgh residents rent vs. own?

According to Census data, approximately 25.4% of Newburgh households are renters, while 74.6% are owner-occupied. Newburgh leans toward homeownership, which can mean a smaller rental inventory.

How does Newburgh rent compare to the national average?

Newburgh's median rent of $1,632/mo is $333 (17%) below the US national median of $1,965/mo. Within Indiana, it ranks #21 out of 65 tracked cities.
Income Affordability
26%
AFFORDABLE

At $1,632/mo, rent takes ~26% of Newburgh's median household income ($75,135/yr). The standard benchmark is 30%.

Newburgh 26%Benchmark 30%
State income tax3.05%
Run the Newburgh affordability calculator →
Lowest-rent ZIP codes in Newburgh
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Newburgh, IN

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