2-Bedroom Apartment Rent in Sheridan, IN
Median asking rent for a 2-bedroom apartment in Sheridan, Indiana as of August 2026. That's +40% lower than the citywide median of $2,050 and +26% below the national 2-bedroom median of $1,657.
Income needed for a 2-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 2-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 2-bedroom in Indiana
| # | City | 2-Bedroom rent |
|---|---|---|
| 1 | East Chicago | $930 |
| 2 | Marion | $930 |
| 3 | New Castle | $930 |
| 4 | Richmond | $940 |
| 5 | Angola | $970 |
| 6 | La Porte | $978 |
| 7 | Muncie | $978 |
| 8 | Kokomo | $990 |
| 9 | Michigan City | $1,020 |
| 10 | Terre Haute | $1,023 |
| 11 | Elkhart | $1,055 |
| 12 | Warsaw | $1,060 |
| 13 | Evansville | $1,068 |
| 14 | Mishawaka | $1,085 |
| 15 | Anderson | $1,100 |
Most expensive cities for a 2-bedroom in Indiana
| # | City | 2-Bedroom rent |
|---|---|---|
| 1 | Zionsville | $1,870 |
| 2 | Whitestown | $1,790 |
| 3 | Carmel | $1,783 |
| 4 | McCordsville | $1,620 |
| 5 | Lawrence | $1,620 |
| 6 | Avon | $1,600 |
| 7 | Westfield | $1,580 |
| 8 | Fishers | $1,577 |
| 9 | Granger | $1,540 |
| 10 | Brownsburg | $1,510 |
| 11 | Sellersburg | $1,460 |
| 12 | Munster | $1,450 |
| 13 | Merrillville | $1,440 |
| 14 | Noblesville | $1,415 |
| 15 | Highland | $1,390 |
Nearby cities — 2-bedroom rent
Considering nearby alternatives? 1 of these cities have cheaper 2-bedroom rents than Sheridan.
| City | Distance | 2-Bedroom rent | vs Sheridan |
|---|---|---|---|
| Westfield, IN | 8.2 mi | $1,580 | +$360 (+30%) |
| Whitestown, IN | 10.8 mi | $1,790 | +$570 (+47%) |
| Carmel, IN | 14.2 mi | $1,783 | +$563 (+46%) |
| Lebanon, IN | 17.1 mi | $1,220 | — |
| Noblesville, IN | 17.5 mi | $1,415 | +$195 (+16%) |
| Frankfort, IN | 21.3 mi | $1,220 | — |
| Brownsburg, IN | 21.7 mi | $1,510 | +$290 (+24%) |
| Speedway, IN | 23.8 mi | $1,220 | — |
| Lawrence, IN | 24.1 mi | $1,620 | +$400 (+33%) |
| Fishers, IN | 24.1 mi | $1,577 | +$357 (+29%) |
| Indianapolis, IN | 24.6 mi | $1,358 | +$138 (+11%) |
| Kokomo, IN | 24.8 mi | $990 | $-230 (-19%) |
2-Bedroom rent in Sheridan — common questions
How much is a 2-bedroom apartment in Sheridan?
As of August 2026, the median 2-bedroom apartment rent in Sheridan, Indiana is $1,220 per month. This is +40% below the citywide median of $2,050.
What income do you need to afford a 2-bedroom in Sheridan?
Using the standard 30% rent-to-income rule, you would need an annual income of about $48,800 ($4,067/month gross), which works out to roughly $23.46/hour at a full-time job.
Is Sheridan expensive for a 2-bedroom compared to the rest of the US?
Sheridan's 2-bedroom median of $1,220 is +26% below the national 2-bedroom median of $1,657. It ranks in the 21th percentile of US cities tracked.
How does Sheridan rank for 2-bedroom rent in Indiana?
Among the 62 cities in Indiana with 2-bedroom data, Sheridan ranks #31 from cheapest to most expensive.
Are there cheaper 2-bedroom options near Sheridan?
Yes — nearby cities with cheaper 2-bedroom rents include Kokomo ($990).