1-Bedroom Apartment Rent in Sheridan, IN
Median asking rent for a 1-bedroom apartment in Sheridan, Indiana as of March 2026. That's +28% lower than the citywide median of $1,450 and +25% below the national 1-bedroom median of $1,395.
Income needed for a 1-bedroom in Sheridan
Using the standard 30% rent-to-income guideline (the threshold above which households are considered rent-burdened), here's what you need to earn to comfortably afford a 1-bedroom at the current median rent.
Rent by apartment size in Sheridan
Compare Sheridan's median rent across every apartment size.
Cheapest cities for a 1-bedroom in Indiana
| # | City | 1-Bedroom rent |
|---|---|---|
| 1 | La Porte | $689 |
| 2 | Richmond | $720 |
| 3 | New Castle | $730 |
| 4 | Crawfordsville | $731 |
| 5 | Angola | $740 |
| 6 | Marion | $740 |
| 7 | East Chicago | $770 |
| 8 | Logansport | $780 |
| 9 | Kokomo | $790 |
| 10 | Greencastle | $800 |
| 11 | Muncie | $800 |
| 12 | Fortville | $801 |
| 13 | Terre Haute | $810 |
| 14 | Delphi | $820 |
| 15 | Evansville | $835 |
Most expensive cities for a 1-bedroom in Indiana
| # | City | 1-Bedroom rent |
|---|---|---|
| 1 | Zionsville | $1,600 |
| 2 | Whitestown | $1,530 |
| 3 | Carmel | $1,527 |
| 4 | McCordsville | $1,390 |
| 5 | Lawrence | $1,385 |
| 6 | Avon | $1,370 |
| 7 | Westfield | $1,350 |
| 8 | Fishers | $1,343 |
| 9 | Granger | $1,310 |
| 10 | Brownsburg | $1,290 |
| 11 | Noblesville | $1,210 |
| 12 | Sellersburg | $1,200 |
| 13 | Munster | $1,190 |
| 14 | Merrillville | $1,190 |
| 15 | Plainfield | $1,180 |
Nearby cities — 1-bedroom rent
Considering nearby alternatives? 1 of these cities have cheaper 1-bedroom rents than Sheridan.
| City | Distance | 1-Bedroom rent | vs Sheridan |
|---|---|---|---|
| Westfield, IN | 8.2 mi | $1,350 | +$310 (+30%) |
| Whitestown, IN | 10.8 mi | $1,530 | +$490 (+47%) |
| Carmel, IN | 14.2 mi | $1,527 | +$487 (+47%) |
| Lebanon, IN | 17.1 mi | $1,040 | — |
| Noblesville, IN | 17.5 mi | $1,210 | +$170 (+16%) |
| Frankfort, IN | 21.3 mi | $1,040 | — |
| Brownsburg, IN | 21.7 mi | $1,290 | +$250 (+24%) |
| Speedway, IN | 23.8 mi | $1,040 | — |
| Lawrence, IN | 24.1 mi | $1,385 | +$345 (+33%) |
| Fishers, IN | 24.1 mi | $1,343 | +$303 (+29%) |
| Indianapolis, IN | 24.6 mi | $1,159 | +$119 (+11%) |
| Kokomo, IN | 24.8 mi | $790 | $-250 (-24%) |
1-Bedroom rent in Sheridan — common questions
How much is a 1-bedroom apartment in Sheridan?
As of March 2026, the median 1-bedroom apartment rent in Sheridan, Indiana is $1,040 per month. This is +28% below the citywide median of $1,450.
What income do you need to afford a 1-bedroom in Sheridan?
Using the standard 30% rent-to-income rule, you would need an annual income of about $41,600 ($3,467/month gross), which works out to roughly $20.00/hour at a full-time job.
Is Sheridan expensive for a 1-bedroom compared to the rest of the US?
Sheridan's 1-bedroom median of $1,040 is +25% below the national 1-bedroom median of $1,395. It ranks in the 25th percentile of US cities tracked.
How does Sheridan rank for 1-bedroom rent in Indiana?
Among the 69 cities in Indiana with 1-bedroom data, Sheridan ranks #42 from cheapest to most expensive.
Are there cheaper 1-bedroom options near Sheridan?
Yes — nearby cities with cheaper 1-bedroom rents include Kokomo ($790).