Housing in Marion County

The inside story on rent prices
Source: US Census Bureau - ACS 5 Yr 2024

Both Census and HUD figures represent gross rent — contract rent plus estimated utility costs for electricity, heat, water, and sewer.

Rent in Marion County averages $1,153/month for a 2‑bedroom in 2024, compared to the Indiana median of $1,062 and the national median of $1,413. Local renters spend approximately 30% of household income on rent, below the national average of 32%.

HUD 2026 50th Percentile Rent Estimates for Marion County FMR Area are $1,200 for a studio, $1,361 for 1‑bedroom, $1,582 for 2‑bedroom, $2,048 for 3‑bedroom, and $2,511 for 4‑bedroom.

HUD 2026 Rent Estimates reflect market movement since 2024 Census data — a $429 increase for a 2-bedroom in Marion County shows a 37% rise over that period.

The U.S. Bureau of Labor Statistics annual unemployment rate for Marion County was 4.2% in 2024, compared to Indiana at 4.2% and the national rate of 4.0%.

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Towns near Indianapolis

City
County
State
Miles
Hamilton
IN
0.0
Hamilton
IN
2.1
Hamilton
IN
5.0
Hamilton
IN
7.6
Boone
IN
8.6
Hamilton
IN
8.9
Boone
IN
13.1
Hamilton
IN
13.3
Hamilton
IN
13.6
Marion
IN
15.7
Hendricks
IN
15.8
Hamilton
IN
16.8
Hamilton
IN
19.3
Hendricks
IN
19.3
Hendricks
IN
19.5
Boone
IN
19.8
Marion
IN
22.2
Hendricks
IN
22.8
Hendricks
IN
23.0
Marion
IN
23.3
Hendricks
IN
25.4
Boone
IN
26.9
Boone
IN
27.0
Hendricks
IN
27.6
Boone
IN
27.7
Hendricks
IN
28.2
Hendricks
IN
31.7
Hendricks
IN
32.3
Hendricks
IN
33.9

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