At $1,636/mo, rent takes about 33% of the local median household income, slightly above the 30% benchmark.
Rent by unit size
These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,636 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.
Source: HUD Small Area Fair Market Rents. Read the methodology →
12-month history
Last updated: August 17, 2026
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Who lives here
Speedway, IN is roughly split between renters and owners, has a large share of families with children, has a median income below the national average, 34.3% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Speedway, IN has changed in 5 years
Median household income grew from $49,044 to $60,147 between 2021 and 2024, a 22.6% shift. Headcount in the area went from 13,613 to 13,968 between 2021 and 2024, a 2.6% change. About 54.8% of households rent today, against 53% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 32.3% to 34.3%.
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Can you afford rent in Speedway on your salary?
At $1,636/mo, how Speedway rent compares to typical pay (30% rule).
Speedway rent by bedroom count
Median rent for each apartment size in Speedway. Click any size for full breakdown.
Tips for renters in Speedway
Last updated: August 17, 2026
The median rent in Speedway is $1,636/mo as of August 2026. A studio apartment averages $890/mo while a 2-bedroom runs $1,220/mo. One-bedroom apartments average $1,040/mo and 3-bedroom units go for $1,590/mo.
At 33% of local median household income ($60,147/yr), Speedway ranks as moderate compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.
Frequently asked questions
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Is rent going up or down in Speedway?
How does Speedway rent compare to other cities in Indiana?
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What percentage of Speedway residents rent vs. own?
How does Speedway rent compare to the national average?
At $1,636/mo, rent takes ~33% of Speedway's median household income ($60,147/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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