Studio Apartment Rent in Sheridan, IN
Median asking rent for a studio apartment in Sheridan, Indiana as of March 2026. That's +39% lower than the citywide median of $1,450 and +31% below the national studio median of $1,290.
Income needed for a studio 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 studio at the current median rent.
Rent by apartment size in Sheridan
Compare Sheridan's median rent across every apartment size.
Cheapest cities for a studio in Indiana
| # | City | Studio rent |
|---|---|---|
| 1 | Crawfordsville | $624 |
| 2 | Marion | $650 |
| 3 | East Chicago | $670 |
| 4 | Michigan City | $700 |
| 5 | Richmond | $710 |
| 6 | Delphi | $720 |
| 7 | Angola | $730 |
| 8 | New Castle | $730 |
| 9 | Muncie | $735 |
| 10 | Mishawaka | $740 |
| 11 | Greencastle | $750 |
| 12 | Logansport | $770 |
| 13 | South Bend | $775 |
| 14 | Kokomo | $780 |
| 15 | Evansville | $792 |
Most expensive cities for a studio in Indiana
| # | City | Studio rent |
|---|---|---|
| 1 | Zionsville | $1,390 |
| 2 | Whitestown | $1,330 |
| 3 | Carmel | $1,327 |
| 4 | McCordsville | $1,210 |
| 5 | Lawrence | $1,205 |
| 6 | Avon | $1,190 |
| 7 | Westfield | $1,180 |
| 8 | Fishers | $1,170 |
| 9 | Brownsburg | $1,120 |
| 10 | Sellersburg | $1,100 |
| 11 | Granger | $1,070 |
| 12 | Noblesville | $1,050 |
| 13 | Columbus | $1,045 |
| 14 | Munster | $1,040 |
| 15 | Plainfield | $1,030 |
Nearby cities — studio rent
Considering nearby alternatives? 1 of these cities have cheaper studio rents than Sheridan.
| City | Distance | Studio rent | vs Sheridan |
|---|---|---|---|
| Westfield, IN | 8.2 mi | $1,180 | +$290 (+33%) |
| Whitestown, IN | 10.8 mi | $1,330 | +$440 (+49%) |
| Carmel, IN | 14.2 mi | $1,327 | +$437 (+49%) |
| Lebanon, IN | 17.1 mi | $890 | — |
| Noblesville, IN | 17.5 mi | $1,050 | +$160 (+18%) |
| Frankfort, IN | 21.3 mi | $890 | — |
| Brownsburg, IN | 21.7 mi | $1,120 | +$230 (+26%) |
| Speedway, IN | 23.8 mi | $890 | — |
| Lawrence, IN | 24.1 mi | $1,205 | +$315 (+35%) |
| Fishers, IN | 24.1 mi | $1,170 | +$280 (+31%) |
| Indianapolis, IN | 24.6 mi | $1,003 | +$113 (+13%) |
| Kokomo, IN | 24.8 mi | $780 | $-110 (-12%) |
Studio rent in Sheridan — common questions
How much is a studio apartment in Sheridan?
As of March 2026, the median studio apartment rent in Sheridan, Indiana is $890 per month. This is +39% below the citywide median of $1,450.
What income do you need to afford a studio in Sheridan?
Using the standard 30% rent-to-income rule, you would need an annual income of about $35,600 ($2,967/month gross), which works out to roughly $17.12/hour at a full-time job.
Is Sheridan expensive for a studio compared to the rest of the US?
Sheridan's studio median of $890 is +31% below the national studio median of $1,290. It ranks in the 19th percentile of US cities tracked.
How does Sheridan rank for studio rent in Indiana?
Among the 67 cities in Indiana with studio data, Sheridan ranks #34 from cheapest to most expensive.
Are there cheaper studio options near Sheridan?
Yes — nearby cities with cheaper studio rents include Kokomo ($780).