Rents are 3% below what Noblesville's 10-year trend predicts — a better deal than its own history suggests.
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 $1,741 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: August 17, 2026
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Who lives here
Noblesville, IN is majority owner-occupied, has a large share of families with children, has a median income above the national average, 51.6% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Noblesville, IN has changed in 5 years
Compared with 2021, rent in Noblesville, IN has climbed by $433 per month, settling near $1,741 after starting the period at $1,308. Census figures show median household income at $104,047 today, compared with $89,258 five years earlier. Rent outpaced income growth by roughly 16.5 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. Headcount in the area went from 68,885 to 73,362 between 2021 and 2024, a 6.5% change. The combined trend lines point to a market that has changed measurably from where it stood in early 2021.
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Can you afford rent in Noblesville on your salary?
At $1,741/mo, how Noblesville rent compares to typical pay (30% rule).
Noblesville rent by bedroom count
Median rent for each apartment size in Noblesville. Click any size for full breakdown.
Tips for renters in Noblesville
Last updated: August 17, 2026
The median rent in Noblesville is $1,741/mo as of August 2026. A studio apartment averages $1,050/mo while a 2-bedroom runs $1,415/mo. One-bedroom apartments average $1,210/mo and 3-bedroom units go for $1,840/mo.
At 20% of local median household income ($104,047/yr), Noblesville ranks as affordable compared to the national benchmark of 30%. Rents have increased 0.3% over the past year.
Frequently asked questions
Is Noblesville an affordable city for renters?
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Which Noblesville neighborhoods have the lowest rent?
How does Noblesville rent compare to other cities in Indiana?
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What percentage of Noblesville residents rent vs. own?
How does Noblesville rent compare to the national average?
At $1,741/mo, rent takes ~20% of Noblesville's median household income ($104,047/yr). The standard benchmark is 30%.
How does this area stack up?
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Estimated from ZIP-level data
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