Rents are right about where Noblesville's 10-year trend predicts.
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 $1,692 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
December. Asking rents in Noblesville usually run 1.4% below trend in December and 1% above it in July, about $41 a month apart at today's median. Based on 11 years of data.
Rent in Noblesville is at its highest level since Zillow's records here began in January 2015.
Rent in Noblesville changed +6.2% over the year to September 2026. Across the 49 Indiana cities Zillow tracks, the typical change was +4.5%.
From 2019 to 2024, rent in Noblesville rose 41% while median household income rose 26.6% ($82,218 to $104,047). Rent outpaced income.
Rent in Noblesville is 49.9% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent has risen 8 months in a row, and rose in 8 of the last 12 months.
30% of the median household income ($104,047) is $2,601 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($2,235).
Anderson, 16 miles away, rents for 36% less ($1,088/mo), about $7,200 a year in savings.
From Zillow's monthly rent index (ZORI) for Noblesville. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
Is your rent fair?
Compare your rent to the local median.
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 $446 per month, settling near $1,692 after starting the period at $1,246. Census figures show median household income at $104,047 today, compared with $89,258 five years earlier. Rent outpaced income growth by roughly 19.2 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.
Discussions about Noblesville
No discussions yet. Start the conversation.
Can you afford rent in Noblesville on your salary?
At $1,692/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: October 17, 2026
The median rent in Noblesville is $1,692/mo as of October 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 6.2% over the past year.
Frequently asked questions
How much income do you need to rent in Noblesville?
Is rent going up or down in Noblesville?
When is the cheapest time to rent in Noblesville?
Has rent outpaced income in Noblesville?
Which Noblesville neighborhoods have the lowest rent?
How does Noblesville rent compare to other cities in Indiana?
At $1,692/mo, rent takes ~20% of Noblesville's median household income ($104,047/yr). The standard benchmark is 30%.
How does this area stack up?
Pick another city or ZIP to compare.
Estimated from ZIP-level data
Be the first to submit your rent for Noblesville.
No discussions yet.