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

As of August 2026, the median monthly rent in Westfield, IN is $1,983. This figure is based on aggregated data from public sources and community-submitted rents.

Is Westfield cheaper than other Indiana cities?

Westfield is one of the pricier cities in Indiana, ranking #7 out of 62 cities tracked at $1,983/mo.

When was Westfield rent data last updated?

Westfield rent data reflects August 2026 and was last refreshed on August 17, 2026. RentDataNow refreshes all data monthly using public and private datasets.

What is the Fair Market Rent in Westfield, IN?

HUD sets the Fair Market Rent for a two-bedroom home in Westfield, IN at $1,580 per month, which is 20% below the $1,983 market median. Fair Market Rent is the Housing Choice Voucher (Section 8) payment standard. It is a 40th-percentile gross rent that includes essential utilities such as electricity, water, gas, sewer, and trash, and HUD updates it once a year, so it measures something different from current market asking rent.

City Report · IN

Westfield

Name: Average Rent Prices in Westfield, IN
Creator: RentDataNow
License: https://creativecommons.org/licenses/by/4.0/

Pop. 54,677·7th most expensive in Indiana·Westfield rents are up 7.2% over the past year

Median rent (all units)

$1,983/mo

Year-over-Year

+7.2%

Month-over-Month

-0.1%

vs US Median

+$21

Stable (Monthly)

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Most AffordableMost Expensive

Westfield · $1,983

More expensive than 58% of US cities · National median $1,962/mo

Rent Reality Score

58/100

Fairly priced

OverheatedFairGreat value

Rents are 4% below what Westfield's 10-year trend predicts — a better deal than its own history suggests.

Actual rent

$1,983/mo

Expected by trend

$2,066/mo

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

Medians by bedroom

Rent by unit size

Studio

$1,180

1 BR

$1,350

2 BR

$1,580

3 BR

$2,060

4 BR+

$2,500

Fair Market Rent (HUD)

$1,580/mo

These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,983 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 →

Rent trends

12-month history

Loading…

Last updated: August 17, 2026

Annual cost

$23,796/yr

At $1,983/mo median

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 7.2% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+7.2% YoY, -0.1% MoM), not inventory.

Rent check

Is your rent fair?

Compare your rent to the local median.

Demographics

Who lives here

Westfield, IN is majority owner-occupied, has a large share of families with children, has a median income above the national average, 59.8% of residents hold a bachelor's degree or higher.

Population

54,677

Median income

$122,789

Median age

36.9

Renters

20.5%

Age distribution

25.9%

20.8%

28.2%

12.4%

12.7%

Under 1825.9%

18–3420.8%

35–5428.2%

55–6412.4%

65+12.7%

Gender

47.9%

52.1%

Male47.9%

Female52.1%

Race & ethnicity

78.7%

White78.7%

Black6.3%

Hispanic8.4%

Asian3.7%

Other2.9%

Education (25+)

15.7%

21.9%

59.8%

No HS diploma2.6%

HS diploma15.7%

Some college21.9%

Bachelor's+59.8%

Housing tenure

79.5%

20.5%

Owner79.5%

Renter20.5%

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

2021 vs 2026

How Westfield, IN has changed in 5 years

Rent

$1,467 → $1,983

up 35.2%

Income

$106,777 → $122,789

up 15.0%

Population

45,695 → 54,677

up 19.7%

Renter share

19.6% → 20.5%

+0.9 pts

Bachelor's+

55.9% → 59.8%

+3.9 pts

Compared with 2021, rent in Westfield, IN has increased by $516 per month, settling near $1,983 after starting the period at $1,467. Census figures show median household income at $122,789 today, compared with $106,777 five years earlier. Rent outpaced income growth by roughly 20.2 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. Headcount in the area went from 45,695 to 54,677 between 2021 and 2024, a 19.7% change. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 55.9% to 59.8%. The combined trend lines point to a market that has changed measurably from where it stood in early 2021.

Community

Discussions about Westfield

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View Westfield rent history (2015–2026) →

Salary vs rent

Can you afford rent in Westfield on your salary?

At $1,983/mo, how Westfield rent compares to typical pay (30% rule).

Registered Nurse

Avg $86,922/yr · Rent = 27.4% income

affordable

Elementary School Teacher

Avg $61,714/yr · Rent = 38.6% income

stretched

Police Officer

Avg $71,088/yr · Rent = 33.5% income

stretched

Software Developer

Avg $127,061/yr · Rent = 18.7% income

very comfortable

Lawyer

Avg $162,352/yr · Rent = 14.7% income

very comfortable

Firefighter

Avg $57,785/yr · Rent = 41.2% income

rent-burdened

Truck Driver

Avg $52,173/yr · Rent = 45.6% income

rent-burdened

Electrician

Avg $64,308/yr · Rent = 37% income

stretched

By apartment size

Westfield rent by bedroom count

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

Local insights

Tips for renters in Westfield

About renting in Westfield, IN

Last updated: August 17, 2026

The median rent in Westfield is $1,983/mo as of August 2026. A studio apartment averages $1,180/mo while a 2-bedroom runs $1,580/mo. One-bedroom apartments average $1,350/mo and 3-bedroom units go for $2,060/mo.

At 19% of local median household income ($122,789/yr), Westfield ranks as affordable compared to the national benchmark of 30%. Rents have increased 7.2% over the past year.

FAQ

Frequently asked questions

Is Westfield an affordable city for renters?

Westfield is considered very affordable for renters. At $1,983/mo, rent takes approximately 19% of the local median household income ($122,789/yr). The standard benchmark is 30%. Westfield falls comfortably within that range.

How much income do you need to rent in Westfield?

To keep rent at or below 30% of gross income, you would need to earn at least $79,000/year (~$38/hour full-time) to afford the median rent of $1,983/mo in Westfield. The local median household income is $122,789/yr, meaning the typical Westfield household meets that threshold.

Is rent going up or down in Westfield?

Rent in Westfield has increased 7.2% over the past year as of August 2026, putting upward pressure on renter budgets.

How does Westfield rent compare to other cities in Indiana?

Westfield is one of the pricier cities in Indiana for rent, ranking #7 out of 62 tracked cities at $1,983/mo.

Which nearby cities are cheaper to rent in than Westfield?

Several nearby cities have lower median rents than Westfield ($1,983/mo): Noblesville ($1,741/mo), Carmel ($1,832/mo), Zionsville ($1,840/mo).

What percentage of Westfield residents rent vs. own?

According to Census data, approximately 20.5% of Westfield households are renters, while 79.5% are owner-occupied. Westfield leans toward homeownership, which can mean a smaller rental inventory.