$599
Total Monthly Price
- 1 Bed
- 1 Bath
- 500 Sq Ft
- Condo for Rent
317 1/2 N Harrison St Unit 1/2, Alexandria, IN 46001
Frequently Asked Questions
How much does it cost to rent a condo in Alexandria, IN?
The median rent for a condo in Alexandria, IN is $800 per month, though prices vary by neighborhood, size, and property type. As of September 2026, condos tend to be the most affordable option while single-family homes are currently more expensive.
How much do you need to make to afford rent in Alexandria, IN?
To comfortably afford the median rent in Alexandria, IN, a household needs to earn roughly $42,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $1,050 per month in Alexandria, IN, renters typically need to show $3,150 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Alexandria, IN?
In Alexandria, IN, the price-to-rent ratio is 14.9, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in Alexandria, IN are best for renting a condo?
The best neighborhood for renting in Alexandria, IN depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a condo include Westside, Anthony-Northside, Riverside-Normal City, Thomas Park-Avondale and Sky Park, each with its own character and price range.
