City Report · IN

Westfield

Pop. 54,677·6th most expensive in Indiana·Westfield rents are up 7.0% over the past year
Median rent (all units)
$1,986/mo
Year-over-Year
+7.0%
Month-over-Month
-0.8%
vs US Median
+$21
Falling (Monthly)
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Most AffordableMost Expensive
Westfield · $1,986
More expensive than 58% of US cities · National median $1,965/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
$1,986/mo
Expected by trend
$2,070/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
Research median
$1,580/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
$23,832/yr
At $1,986/mo median
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (7.0% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+7.0% YoY, -0.8% MoM), not inventory.
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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 → $1,986
up 35.4%
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 $519 per month, settling near $1,986 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 20.4 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

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View Westfield rent history (2015–2026) →
Salary vs rent

Can you afford rent in Westfield on your salary?

At $1,986/mo, how Westfield rent compares to typical pay (30% rule).

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: July 20, 2026

The median rent in Westfield is $1,986/mo as of July 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 7.0% over the past year.

FAQ

Frequently asked questions

Is Westfield an affordable city for renters?

Westfield is considered very affordable for renters. At $1,986/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 $1,986/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 7.0% over the past year as of July 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 #6 out of 65 tracked cities at $1,986/mo.

Which nearby cities are cheaper to rent in than Westfield?

Several nearby cities have lower median rents than Westfield ($1,986/mo): Sheridan ($1,525/mo), Noblesville ($1,716/mo), Zionsville ($1,825/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.

How does Westfield rent compare to the national average?

Westfield's median rent of $1,986/mo is $21 (1%) above the US national median of $1,965/mo. Within Indiana, it ranks #6 out of 65 tracked cities.
Income Affordability
19%
VERY AFFORDABLE

At $1,986/mo, rent takes ~19% of Westfield's median household income ($122,789/yr). The standard benchmark is 30%.

Westfield 19%Benchmark 30%
State income tax3.05%
Run the Westfield affordability calculator →
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Westfield, IN

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