How much does it cost to rent in Pendleton, IN?

As of July 2026, the median monthly rent in Pendleton, IN is $2,068. This figure is based on aggregated data from public sources and community-submitted rents.

Is Pendleton cheaper than other Indiana cities?

Pendleton is one of the pricier cities in Indiana, ranking #3 out of 65 cities tracked at $2,068/mo.

When was Pendleton rent data last updated?

Pendleton rent data reflects July 2026 and was last refreshed on July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.

City Report · IN

Pendleton

Name: Average Rent Prices in Pendleton, IN
Creator: RentDataNow
License: https://rentdatanow.com/terms-of-service

Pop. 5,321·3rd most expensive in Indiana·Rental market data updated monthly for Pendleton, IN

Median rent (all units)

$2,068/mo

Year-over-Year

Stable

Month-over-Month

Stable

vs US Median

+$103

Stable (Monthly)

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Most AffordableMost Expensive

Pendleton · $2,068

More expensive than 62% of US cities · National median $1,965/mo

Affordability

29% of income

AFFORDABLE

0%30% benchmark60%+

At $2,068/mo, rent takes about 29% of the local median household income, comfortably within the 30% benchmark.

Income to afford

$83,000/yr

Local median income

$86,806/yr

Based on the 30%-of-income rule using Pendleton's median rent and household income. See the full affordability breakdown →

Medians by bedroom

Rent by unit size

Studio

$890

1 BR

$1,040

2 BR

$1,230

3 BR

$1,610

4 BR+

$1,920

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

$24,816/yr

At $2,068/mo median

Rent Market Meter

Balanced Market

Renter's MarketBalancedLandlord's Market

Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.

Based on rent-price momentum (+0.0% YoY, +0.0% MoM), not inventory.

Rent check

Is your rent fair?

Compare your rent to the local median.

Demographics

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.

Population

5,321

Median income

$86,806

Median age

38.8

Renters

26.5%

Age distribution

25.1%

18.7%

27%

19.1%

Under 1825.1%

18–3418.7%

35–5427%

55–6410%

65+19.1%

Gender

48.9%

51.1%

Male48.9%

Female51.1%

Race & ethnicity

88.2%

White88.2%

Hispanic9.8%

Other1.4%

Education (25+)

22.5%

39.3%

33.6%

No HS diploma4.6%

HS diploma22.5%

Some college39.3%

Bachelor's+33.6%

Housing tenure

73.5%

26.5%

Owner73.5%

Renter26.5%

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

2021 vs 2026

How Pendleton, IN has changed in 5 years

Income

$76,028 → $86,806

up 14.2%

Population

4,833 → 5,321

up 10.1%

Renter share

33.4% → 26.5%

-6.9 pts

Bachelor's+

37.5% → 33.6%

-3.9 pts

Median age

40.1 → 38.8

-1.3 yrs

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.

Community

Discussions about Pendleton

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View Pendleton rent history (2015–2026) →

Salary vs rent

Can you afford rent in Pendleton on your salary?

At $2,068/mo, how Pendleton rent compares to typical pay (30% rule).

Registered Nurse

Avg $86,922/yr · Rent = 28.5% income

affordable

Elementary School Teacher

Avg $61,714/yr · Rent = 40.2% income

rent-burdened

Police Officer

Avg $71,088/yr · Rent = 34.9% income

stretched

Software Developer

Avg $127,061/yr · Rent = 19.5% income

very comfortable

Lawyer

Avg $162,352/yr · Rent = 15.3% income

very comfortable

Firefighter

Avg $57,785/yr · Rent = 42.9% income

rent-burdened

Truck Driver

Avg $52,173/yr · Rent = 47.6% income

rent-burdened

Electrician

Avg $64,308/yr · Rent = 38.6% income

stretched

By apartment size

Pendleton rent by bedroom count

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

Local insights

Tips for renters in Pendleton

About renting in Pendleton, IN

Last updated: July 20, 2026

The median rent in Pendleton is $2,068/mo as of July 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 29% 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.

FAQ

Frequently asked questions

Is Pendleton an affordable city for renters?

Pendleton is considered affordable for renters. At $2,068/mo, rent takes approximately 29% of the local median household income ($86,806/yr). The standard benchmark is 30%. Pendleton falls comfortably within that range.

How much income do you need to rent in Pendleton?

To keep rent at or below 30% of gross income, you would need to earn at least $83,000/year (~$40/hour full-time) to afford the median rent of $2,068/mo in Pendleton. The local median household income is $86,806/yr, meaning the typical Pendleton household meets that threshold.

Is rent going up or down in Pendleton?

Rent in Pendleton has been relatively stable over the past year, with a 0.0% change year over year as of July 2026.

How does Pendleton rent compare to other cities in Indiana?

Pendleton is one of the pricier cities in Indiana for rent, ranking #3 out of 65 tracked cities at $2,068/mo.

Which nearby cities are cheaper to rent in than Pendleton?

Several nearby cities have lower median rents than Pendleton ($2,068/mo): Anderson ($1,054/mo), Fortville ($1,554/mo), Greenfield ($1,584/mo).

What percentage of Pendleton residents rent vs. own?

According to Census data, approximately 26.5% of Pendleton households are renters, while 73.5% are owner-occupied. Pendleton leans toward homeownership, which can mean a smaller rental inventory.

How does Pendleton rent compare to the national average?

Pendleton's median rent of $2,068/mo is $103 (5%) above the US national median of $1,965/mo. Within Indiana, it ranks #3 out of 65 tracked cities.

Income Affordability

29%

AFFORDABLE

At $2,068/mo, rent takes ~29% of Pendleton's median household income ($86,806/yr). The standard benchmark is 30%.

Pendleton 29%Benchmark 30%

State income tax3.05%

Run the Pendleton affordability calculator →

Nearby cities