Rents are 5% below what Valparaiso's 10-year trend predicts — a better deal than its own history suggests.
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 $1,450 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
Valparaiso, IN is majority owner-occupied, 40.6% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Valparaiso, IN has changed in 5 years
Across the past five years, the going rent in Valparaiso, IN has shifted from $1,295 to $1,450, up 12.0% 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.
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Can you afford rent in Valparaiso on your salary?
At $1,450/mo, how Valparaiso rent compares to typical pay (30% rule).
Valparaiso rent by bedroom count
Median rent for each apartment size in Valparaiso. Click any size for full breakdown.
Tips for renters in Valparaiso
Last updated: August 17, 2026
The median rent in Valparaiso is $1,450/mo as of August 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 25% of local median household income ($69,872/yr), Valparaiso ranks as affordable compared to the national benchmark of 30%. Rents have increased 1.3% over the past year.
Frequently asked questions
Is Valparaiso an affordable city for renters?
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What percentage of Valparaiso residents rent vs. own?
How does Valparaiso rent compare to the national average?
At $1,450/mo, rent takes ~25% of Valparaiso's median household income ($69,872/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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