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City Report · IN

Schererville

Pop. 29,701·4th most expensive in Indiana·Rental market data updated monthly for Schererville, IN
Median rent (all units)
$2,037/mo
Year-over-Year
Stable
Month-over-Month
+0.7%
vs US Median
+$72
Rising (Monthly)
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Most AffordableMost Expensive
Schererville · $2,037
More expensive than 63% of US cities · National median $1,965/mo
Affordability
27% of income
AFFORDABLE
0%30% benchmark60%+

At $2,037/mo, rent takes about 27% of the local median household income, comfortably within the 30% benchmark.

Income to afford
$81,000/yr
Local median income
$89,466/yr
Based on the 30%-of-income rule using Schererville's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$980
1 BR
$1,120
2 BR
$1,360
3 BR
$1,680
4 BR+
$1,800
Research median
$1,360/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: May 18, 2026

Annual cost
$24,444/yr
At $2,037/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, +0.7% MoM), not inventory.
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Demographics

Who lives here

Schererville, IN is majority owner-occupied, has a large retiree population, has a median income above the national average, 34.4% of residents hold a bachelor's degree or higher.

Population
29,701
Median income
$89,466
Median age
44.9
Renters
20.1%
Age distribution
19.8%
17.5%
26.9%
13.9%
21.9%
Under 1819.8%
18–3417.5%
35–5426.9%
55–6413.9%
65+21.9%
Gender
46.9%
53.1%
Male46.9%
Female53.1%
Race & ethnicity
73.3%
16.2%
White73.3%
Black8.1%
Hispanic16.2%
Asian2.1%
Education (25+)
28.2%
32.8%
34.4%
No HS diploma4.5%
HS diploma28.2%
Some college32.8%
Bachelor's+34.4%
Housing tenure
79.9%
20.1%
Owner79.9%
Renter20.1%

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

2021 vs 2026

How Schererville, IN has changed in 5 years

Income
$77,530 → $89,466
up 15.4%
Population
29,381 → 29,701
up 1.1%
Renter share
21.4% → 20.1%
-1.3 pts
Bachelor's+
35.1% → 34.4%
-0.7 pts
Median age
44.2 → 44.9
+0.7 yrs

On the earnings side, the typical household in Schererville, IN now reports about $89,466, up from $77,530 in 2021. The population has grown by 1.1% since 2021, moving from about 29,381 residents to roughly 29,701.

Community

Discussions about Schererville

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

Can you afford rent in Schererville on your salary?

At $2,037/mo, how Schererville rent compares to typical pay (30% rule).

By apartment size

Schererville rent by bedroom count

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

Local insights

Tips for renters in Schererville

About renting in Schererville, IN

Last updated: May 18, 2026

The median rent in Schererville is $2,037/mo as of May 2026. A studio apartment averages $980/mo while a 2-bedroom runs $1,360/mo. One-bedroom apartments average $1,120/mo and 3-bedroom units go for $1,680/mo.

At 27% of local median household income ($89,466/yr), Schererville ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

Is Schererville an affordable city for renters?

Schererville is considered affordable for renters. At $2,037/mo, rent takes approximately 27% of the local median household income ($89,466/yr). The standard benchmark is 30%. Schererville falls comfortably within that range.

How much income do you need to rent in Schererville?

To keep rent at or below 30% of gross income, you would need to earn at least $81,000/year (~$39/hour full-time) to afford the median rent of $2,037/mo in Schererville. The local median household income is $89,466/yr, meaning the typical Schererville household meets that threshold.

Is rent going up or down in Schererville?

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

How does Schererville rent compare to other cities in Indiana?

Schererville is one of the pricier cities in Indiana for rent, ranking #4 out of 64 tracked cities at $2,037/mo.

Which nearby cities are cheaper to rent in than Schererville?

Several nearby cities have lower median rents than Schererville ($2,037/mo): Gary ($1,366/mo), Merrillville ($1,550/mo), Highland ($1,557/mo).

What percentage of Schererville residents rent vs. own?

According to Census data, approximately 20.1% of Schererville households are renters, while 79.9% are owner-occupied. Schererville leans toward homeownership, which can mean a smaller rental inventory.

How does Schererville rent compare to the national average?

Schererville's median rent of $2,037/mo is $72 (4%) above the US national median of $1,965/mo. Within Indiana, it ranks #4 out of 64 tracked cities.
Income Affordability
27%
AFFORDABLE

At $2,037/mo, rent takes ~27% of Schererville's median household income ($89,466/yr). The standard benchmark is 30%.

Schererville 27%Benchmark 30%
State income tax3.05%
Run the Schererville affordability calculator →
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Schererville, IN

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