2-Bedroom Apartment Rent in Valparaiso, IN
Median asking rent for a 2-bedroom apartment in Valparaiso, Indiana as of August 2026. That's +11% lower than the citywide median of $1,450 and +22% below the national 2-bedroom median of $1,655.
Income needed for a 2-bedroom in Valparaiso
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 Valparaiso
Compare Valparaiso's median rent across every apartment size.
Cheapest cities for a 2-bedroom in Indiana
| # | City | 2-Bedroom rent |
|---|---|---|
| 1 | Crawfordsville | $821 |
| 2 | East Chicago | $930 |
| 3 | Marion | $930 |
| 4 | New Castle | $930 |
| 5 | Richmond | $940 |
| 6 | Angola | $970 |
| 7 | La Porte | $978 |
| 8 | Muncie | $978 |
| 9 | Kokomo | $990 |
| 10 | Michigan City | $1,020 |
| 11 | Terre Haute | $1,023 |
| 12 | Elkhart | $1,055 |
| 13 | Warsaw | $1,060 |
| 14 | Evansville | $1,068 |
| 15 | Mishawaka | $1,085 |
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? 5 of these cities have cheaper 2-bedroom rents than Valparaiso.
| City | Distance | 2-Bedroom rent | vs Valparaiso |
|---|---|---|---|
| Portage, IN | 11.8 mi | $1,210 | $-85 (-7%) |
| Hobart, IN | 12.8 mi | $1,220 | $-75 (-6%) |
| Lake Station, IN | 15.5 mi | $1,240 | $-55 (-4%) |
| Crown Point, IN | 18.2 mi | $1,380 | +$85 (+7%) |
| Merrillville, IN | 18.3 mi | $1,440 | +$145 (+11%) |
| Gary, IN | 20.9 mi | $1,170 | $-125 (-10%) |
| Michigan City, IN | 20.9 mi | $1,020 | $-275 (-21%) |
| La Porte, IN | 26 mi | $978 | $-317 (-24%) |
| Schererville, IN | 26.3 mi | $1,360 | +$65 (+5%) |
| Highland, IN | 27.5 mi | $1,390 | +$95 (+7%) |
| East Chicago, IN | 29.5 mi | $930 | $-365 (-28%) |
| Munster, IN | 30.6 mi | $1,450 | +$155 (+12%) |
2-Bedroom rent in Valparaiso — common questions
How much is a 2-bedroom apartment in Valparaiso?
As of August 2026, the median 2-bedroom apartment rent in Valparaiso, Indiana is $1,295 per month. This is +11% below the citywide median of $1,450.
What income do you need to afford a 2-bedroom in Valparaiso?
Using the standard 30% rent-to-income rule, you would need an annual income of about $51,800 ($4,317/month gross), which works out to roughly $24.90/hour at a full-time job.
Is Valparaiso expensive for a 2-bedroom compared to the rest of the US?
Valparaiso's 2-bedroom median of $1,295 is +22% below the national 2-bedroom median of $1,655. It ranks in the 26th percentile of US cities tracked.
How does Valparaiso rank for 2-bedroom rent in Indiana?
Among the 62 cities in Indiana with 2-bedroom data, Valparaiso ranks #41 from cheapest to most expensive.
Are there cheaper 2-bedroom options near Valparaiso?
Yes — nearby cities with cheaper 2-bedroom rents include Portage ($1,210), Hobart ($1,220), Lake Station ($1,240).