How much does it cost to rent in Valparaiso, IN?

As of July 2026, the median monthly rent in Valparaiso, IN is $1,550. This figure is based on aggregated data from public sources and community-submitted rents.

Is Valparaiso cheaper than other Indiana cities?

Valparaiso falls in the middle range for Indiana, ranking #27 out of 65 cities at $1,550/mo.

When was Valparaiso rent data last updated?

Valparaiso rent data reflects July 2026 and was last refreshed on July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.

City Report · IN

Valparaiso

Name: Average Rent Prices in Valparaiso, IN
Creator: RentDataNow
License: https://rentdatanow.com/terms-of-service

Pop. 34,733·27th most expensive in Indiana·Valparaiso rents are up 9.2% over the past year

Median rent (all units)

$1,550/mo

Year-over-Year

+9.2%

Month-over-Month

-0.9%

vs US Median

-$415

Falling (Monthly)

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Most AffordableMost Expensive

Valparaiso · $1,550

More affordable than 72% of US cities · National median $1,965/mo

Rent Reality Score

47/100

Fairly priced

OverheatedFairGreat value

Rents are right about where Valparaiso's 10-year trend predicts.

Actual rent

$1,550/mo

Expected by trend

$1,528/mo

The Rent Reality Score compares today's median rent to where Valparaiso's own long-run trajectory projects it should be. See the full rankings →

Medians by bedroom

Rent by unit size

Studio

$930

1 BR

$1,065

2 BR

$1,295

3 BR

$1,595

4 BR+

$1,720

Research median

$1,295/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: July 20, 2026

Annual cost

$18,600/yr

At $1,550/mo median

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 9.2% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+9.2% YoY, -0.9% MoM), not inventory.

Rent check

Is your rent fair?

Compare your rent to the local median.

Demographics

Who lives here

Valparaiso, IN is majority owner-occupied, 40.6% of residents hold a bachelor's degree or higher.

Population

34,733

Median income

$69,872

Median age

Renters

42%

Age distribution

19.1%

27.8%

25.1%

16.9%

Under 1819.1%

18–3427.8%

35–5425.1%

55–6411.1%

65+16.9%

Gender

47.4%

52.6%

Male47.4%

Female52.6%

Race & ethnicity

84.7%

White84.7%

Black3.3%

Hispanic9.9%

Asian2.6%

Education (25+)

25.8%

28.3%

40.6%

No HS diploma5.3%

HS diploma25.8%

Some college28.3%

Bachelor's+40.6%

Housing tenure

58%

42%

Owner58%

Renter42%

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

2022 vs 2026

How Valparaiso, IN has changed in 5 years

Rent

$1,295 → $1,550

up 19.7%

Income

$56,465 → $69,872

up 23.7%

Population

33,820 → 34,733

up 2.7%

Renter share

46.2% → 42%

-4.2 pts

Bachelor's+

41.3% → 40.6%

-0.7 pts

Median age

36.5 → 37

+0.5 yrs

Across the past five years, the going rent in Valparaiso, IN has shifted from $1,295 to $1,550, up 19.7% since 2022. Local incomes tracked alongside that move, going from a median of $56,465 in 2021 to $69,872 more recently. With wages climbing faster than rent over the same window, renters here have a bit more breathing room than they did five years back. Census counts show Valparaiso, IN adding about 913 residents over the five-year window, up 2.7% on net. The renter share has eased from 46.2% to 42%, with owner-occupied housing accounting for the remainder. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the Valparaiso, IN market of 2022.

Community

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View Valparaiso rent history (2015–2026) →

Salary vs rent

Can you afford rent in Valparaiso on your salary?

At $1,550/mo, how Valparaiso rent compares to typical pay (30% rule).

Registered Nurse

Avg $86,922/yr · Rent = 21.4% income

affordable

Elementary School Teacher

Avg $61,714/yr · Rent = 30.1% income

stretched

Police Officer

Avg $71,088/yr · Rent = 26.2% income

affordable

Software Developer

Avg $127,061/yr · Rent = 14.6% income

very comfortable

Lawyer

Avg $162,352/yr · Rent = 11.5% income

very comfortable

Firefighter

Avg $57,785/yr · Rent = 32.2% income

stretched

Truck Driver

Avg $52,173/yr · Rent = 35.7% income

stretched

Electrician

Avg $64,308/yr · Rent = 28.9% income

affordable

By apartment size

Valparaiso rent by bedroom count

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

Local insights

Tips for renters in Valparaiso

About renting in Valparaiso, IN

Last updated: July 20, 2026

The median rent in Valparaiso is $1,550/mo as of July 2026. A studio apartment averages $930/mo while a 2-bedroom runs $1,295/mo. One-bedroom apartments average $1,065/mo and 3-bedroom units go for $1,595/mo.

At 27% of local median household income ($69,872/yr), Valparaiso ranks as affordable compared to the national benchmark of 30%. Rents have increased 9.2% over the past year.

FAQ

Frequently asked questions

Is Valparaiso an affordable city for renters?

Valparaiso is considered affordable for renters. At $1,550/mo, rent takes approximately 27% of the local median household income ($69,872/yr). The standard benchmark is 30%. Valparaiso falls comfortably within that range.

How much income do you need to rent in Valparaiso?

To keep rent at or below 30% of gross income, you would need to earn at least $62,000/year (~$30/hour full-time) to afford the median rent of $1,550/mo in Valparaiso. The local median household income is $69,872/yr, meaning the typical Valparaiso household meets that threshold.

Is rent going up or down in Valparaiso?

Rent in Valparaiso has increased 9.2% over the past year as of July 2026, putting upward pressure on renter budgets.

Which Valparaiso neighborhoods have the lowest rent?

The most affordable ZIP codes in Valparaiso are 46383 ($1,409/mo), and 46385 ($1,744/mo). Citywide, the median rent in Valparaiso is $1,550/mo.

How does Valparaiso rent compare to other cities in Indiana?

Valparaiso is middle-of-the-pack for Indiana for rent, ranking #27 out of 65 tracked cities at $1,550/mo.

Which nearby cities are cheaper to rent in than Valparaiso?

Several nearby cities have lower median rents than Valparaiso ($1,550/mo): Hobart ($1,376/mo), Lake Station ($1,450/mo), Portage ($1,512/mo).

What percentage of Valparaiso residents rent vs. own?

According to Census data, approximately 42% of Valparaiso households are renters, while 58% are owner-occupied. Valparaiso leans toward homeownership, which can mean a smaller rental inventory.

How does Valparaiso rent compare to the national average?

Valparaiso's median rent of $1,550/mo is $415 (21%) below the US national median of $1,965/mo. Within Indiana, it ranks #27 out of 65 tracked cities.

Income Affordability

27%

AFFORDABLE

At $1,550/mo, rent takes ~27% of Valparaiso's median household income ($69,872/yr). The standard benchmark is 30%.

Valparaiso 27%Benchmark 30%

State income tax3.05%

Run the Valparaiso affordability calculator →

Nearby cities