Studio Apartment Rent in Valparaiso, IN
Median asking rent for a studio apartment in Valparaiso, Indiana as of August 2026. That's +36% lower than the citywide median of $1,450 and +28% below the national studio median of $1,290.
Income needed for a studio 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 studio at the current median rent.
Rent by apartment size in Valparaiso
Compare Valparaiso's median rent across every apartment size.
Cheapest cities for a studio in Indiana
| # | City | Studio rent |
|---|---|---|
| 1 | Crawfordsville | $598 |
| 2 | Marion | $650 |
| 3 | East Chicago | $670 |
| 4 | Michigan City | $700 |
| 5 | Richmond | $710 |
| 6 | Angola | $730 |
| 7 | New Castle | $730 |
| 8 | Muncie | $735 |
| 9 | Mishawaka | $740 |
| 10 | South Bend | $775 |
| 11 | Kokomo | $780 |
| 12 | Evansville | $792 |
| 13 | Anderson | $793 |
| 14 | Terre Haute | $803 |
| 15 | Lafayette | $810 |
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? 5 of these cities have cheaper studio rents than Valparaiso.
| City | Distance | Studio rent | vs Valparaiso |
|---|---|---|---|
| Portage, IN | 11.8 mi | $870 | $-60 (-6%) |
| Hobart, IN | 12.8 mi | $880 | $-50 (-5%) |
| Lake Station, IN | 15.5 mi | $890 | $-40 (-4%) |
| Crown Point, IN | 18.2 mi | $990 | +$60 (+6%) |
| Merrillville, IN | 18.3 mi | $1,030 | +$100 (+11%) |
| Gary, IN | 20.9 mi | $840 | $-90 (-10%) |
| Michigan City, IN | 20.9 mi | $700 | $-230 (-25%) |
| Schererville, IN | 26.3 mi | $980 | +$50 (+5%) |
| Highland, IN | 27.5 mi | $1,000 | +$70 (+8%) |
| East Chicago, IN | 29.5 mi | $670 | $-260 (-28%) |
| Munster, IN | 30.6 mi | $1,040 | +$110 (+12%) |
| Lansing, IL | 34 mi | $1,270 | +$340 (+37%) |
Studio rent in Valparaiso — common questions
How much is a studio apartment in Valparaiso?
As of August 2026, the median studio apartment rent in Valparaiso, Indiana is $930 per month. This is +36% below the citywide median of $1,450.
What income do you need to afford a studio in Valparaiso?
Using the standard 30% rent-to-income rule, you would need an annual income of about $37,200 ($3,100/month gross), which works out to roughly $17.88/hour at a full-time job.
Is Valparaiso expensive for a studio compared to the rest of the US?
Valparaiso's studio median of $930 is +28% below the national studio median of $1,290. It ranks in the 21th percentile of US cities tracked.
How does Valparaiso rank for studio rent in Indiana?
Among the 61 cities in Indiana with studio data, Valparaiso ranks #35 from cheapest to most expensive.
Are there cheaper studio options near Valparaiso?
Yes — nearby cities with cheaper studio rents include Portage ($870), Hobart ($880), Lake Station ($890).