At $1,949/mo, rent takes about 27% 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 $1,949 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: September 25, 2026
What the numbers show
30% of the median household income ($86,806) is $2,170 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($1,920).
From Zillow's monthly rent index (ZORI) for Pendleton. 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
Pendleton, IN is majority owner-occupied, has a large share of families with children, 33.6% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Pendleton, IN has changed in 5 years
Local incomes tracked alongside that move, going from a median of $76,028 in 2021 to $86,806 more recently. Census counts show Pendleton, IN adding about 488 residents over the five-year window, up 10.1% on net. The renter share has eased from 33.4% to 26.5%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 37.5% to 33.6% across the same window.
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Can you afford rent in Pendleton on your salary?
At $1,949/mo, how Pendleton rent compares to typical pay (30% rule).
Pendleton rent by bedroom count
Median rent for each apartment size in Pendleton. Click any size for full breakdown.
Tips for renters in Pendleton
Last updated: September 25, 2026
The median rent in Pendleton is $1,949/mo as of September 2026. A studio apartment averages $890/mo while a 2-bedroom runs $1,230/mo. One-bedroom apartments average $1,040/mo and 3-bedroom units go for $1,610/mo.
At 27% of local median household income ($86,806/yr), Pendleton ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.
Frequently asked questions
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How does Pendleton rent compare to other cities in Indiana?
Which nearby cities are cheaper to rent in than Pendleton?
At $1,949/mo, rent takes ~27% of Pendleton's median household income ($86,806/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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