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Anderson, IN Homes for Rent

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  • /15

    Starting at $869 Per Month

    • 1 - 3 Beds

    3634 Oaklawn Dr, Anderson, IN 46013

    At Cedar Ridge Townhomes & Apartments, you'll discover your comfort is our number one priority! With a dependable maintenance team, friendly staff and the convenient location, you'll see why you'll want to call Cedar Ridge HOME! Offering one and two bedroom apartments and two and three bedroom townhomes we are sure to have the perfect home for you. Choose Cedar Ridge "When Where YOU Live Matters"!

    Cedar Ridge Townhomes

    3634 Oaklawn Dr, Anderson, IN 46013
  • /41

    Starting at $815 Per Month

    • 2 - 3 Beds

    4325 S Madison Ave, Anderson, IN 46013

    Villages on Madison offers spacious 1 & 2 bedroom apartments, as well as 2 & 3 bedroom townhomes - all with large closets and a patio or deck. Upgraded apartments are available. Community amenities include a pool, playground, and laundry center. Contact us today to schedule a tour!

    Villages on Madison Apartments

    4325 S Madison Ave, Anderson, IN 46013
  • /35

    Starting at $935 Per Month

    • 2 - 4 Beds

    924 Sun Valley Dr, Anderson, IN 46016

    Located in the heart of Anderson, Sun Valley Townhomes offers 2, 3 and 4 bedroom condo style townhomes at affordable prices starting at $570.00. Sun Valley Townhomes is close to Ball State University, Anderson University, Fairview Park, Community and St John's Hospital, Nestle and Hoosier Park. Minutes from I-69, HWY 9 and Martin Luther King Boulevard. We are walking distance to downtown area and

    Sun Valley Townhomes

    924 Sun Valley Dr, Anderson, IN 46016
  • /21

    Starting at $985 Per Month

    • 1 - 3 Beds

    1326 Mcintosh Ln, Anderson, IN 46013

    Discover comfortable living at Applecreek Apartments in Anderson, Indiana. Our pet-friendly community offers one-,two- and three-bedroom apartments perfect for any lifestyle. Each home features open concept kitchens, full-size washer and dryer hook-ups, large closets and private patios or balconies. Surrounded by beautifully landscaped grounds, residents can enjoy a variety of community amenities

    Applecreek

    1326 Mcintosh Ln, Anderson, IN 46013
  • /25

    Starting at $950 Per Month

    • 1 - 3 Beds

    101 S Rangeline Rd, Anderson, IN 46012

    Spacious one, two and three bedroom apartments located off State Road 32 with central air, private entrances, and washer/dryers connections in every home. Plus pool, playground and basketball court. Wonderful on-site staff are here to provide the best service possible. Pets are welcome. Call today for a tour of your new home!

    Madison Lakes

    101 S Rangeline Rd, Anderson, IN 46012
  • /7

    Starting at $790 Per Month

    • Studio - 2 Beds

    319 E 12th St, Anderson, IN 46016

    Longfellow Plaza is an affordable, older adult (62+) community with apartments available to those with little or no income at very low prices. Services that are close to the community include restaurants, a Post Office, medical facilities and various shops.Our buildings comprise the campus that housed the historic Longfellow Elementary School. Closed in 1982, the school had served the

    Longfellow Plaza Affordable Senior Community

    319 E 12th St, Anderson, IN 46016
  • /20

    Starting at $1,020

    Total Monthly Price

    • 1 - 3 Beds

    2601 Morning Star Ln, Anderson, IN 46011

    Experience the best of the best at Four Winds Apartments with our newly upgraded interiors! Our stunning renovations include modern ceramic tile backsplashes, sleek countertops, plush carpeting, stylish plank flooring, over-the-range microwaves, upgraded cabinetry, sophisticated lighting, and high-end fixtures. These enhancements bring a whole new level of elegance you have to see to

    Four Winds Apartments

    2601 Morning Star Ln, Anderson, IN 46011
  • /11

    Starting at $1,170 Per Month

    • 1 - 2 Beds

    1212 Meridian St, Anderson, IN 46016

    Built in 1894, 1212 Meridian seamlessly blends historic charm with modern finishes. This distinguished property features uniquely designed units, each showcasing high-end finishes and character-rich details. Exposed brick, granite countertops, brand-new cabinets, appliances, and fixtures elevate every space, while in-unit laundry and a high efficiency HVAC system ensure contemporary comfort. The

    1212 Meridian Flats

    1212 Meridian St, Anderson, IN 46016
  • /8

    Starting at $600 Per Month

    • 1 - 3 Beds

    628 Walnut St, Anderson, IN 46012

    Courtyard Village Apartments is a charming 19-unit community offering spacious 1, 2, and 3-bedroom layouts, featuring classic brick exteriors, lush landscaping, and inviting greenspace. Ideally located near Anderson University, residents enjoy a quiet, well-maintained setting with convenient access to campus, shopping, dining, and local amenities—perfect for students, professionals, and families

    Courtyard Village Apartments

    628 Walnut St, Anderson, IN 46012
  • /3

    Starting at $250 Per Month

    • 1 Bed

    524 W 53rd St, Anderson, IN 46013

    The Tower at Southdale provides its residents with an atmosphere of growth, security, and serenity – growth through social contact and stimulating activities, security in familiar surroundings which are protected from unwanted intruders, and serenity in a home free of the responsibilities of maintenance and upkeep.The Tower at Southdale is a smoke-free community.Our residents

    The Towers at Southdale Affordable Senior

    524 W 53rd St, Anderson, IN 46013
  • /32

    Starting at $995 Per Month

    • 1 - 2 Beds

    1800 Cross Lakes Blvd, Anderson, IN 46012

    Spacious one and two bedroom apartments in Anderson, Indiana. Enjoy a relaxing lifestyle with a private deck or patio, bonus storage closet, and convenient access to shopping and I-69. Relax by the pool or fish in one of our three stocked lakes. For the active we have three miles of sidewalks, tennis and basketball courts, a fitness center, and a playground. Upgraded apartments available. Contact

    Cross Lakes

    1800 Cross Lakes Blvd, Anderson, IN 46012
  • /13

    $1,070 Per Month

    • 2 Beds
    • 1 Bath
    • 851 Sq Ft
    • House for Rent

    4106 Delaware St, Anderson, IN 46013

    Tour this charmingly refreshed 2-bedroom, 1-bath home on Delaware St.We are pet-friendly! Your dogs and cats are welcome at 4106 Delaware Street.Modern updates define this home's inviting character. Inside, find desirable features like whole-home Air Conditioning, convenient washer/dryer hookups, and a kitchen equipped with granite/quartz surfaces, a refrigerator, sits on a

    4106 Delaware St, Anderson, IN 46013
  • /7

    $1,000 Per Month

    • 2 Beds
    • 1 Bath
    • Condo for Rent

    2800 Crystal St Unit K-2, Anderson, IN 46012

    Property Id: 2157906Welcome to your new home at 2800 Crystal St in Anderson, IN! This charming 2 bedroom, 1 bathroom apartment is perfect for you and your small dog. Enjoy central amenities and a peaceful neighborhood. Rent starts at $950/month. Don't miss out on this opportunity!

    2800 Crystal St Unit K-2, Anderson, IN 46012
  • /15

    $999 Per Month

    • 3 Beds
    • 2 Baths
    • House for Rent

    144 Hollywood Blvd, Anderson, IN 46016

    Property Id: 992324Are you searching for your next place to live? Just FOLLOW these directions to END YOUR SEARCH. CALL . SCHEDULE a TOUR when you CALL . Take your tour then SUBMIT your RENTAL APPLICATION. Wait for us to verify it MEETS our BASIC RENTAL REQUIRMENTS, such as applicant's monthly income MUST BE 3Xs 1 month's rent. Applicant CANNOT have Felonies. Evictions, Bankruptcies, or

    144 Hollywood Blvd, Anderson, IN 46016
  • /14

    $990 Per Month

    • 2 Beds
    • 1 Bath
    • 932 Sq Ft
    • House for Rent

    2332 W 9th St, Anderson, IN 46016

    Property Id: 252839Large yard and 1 car garage. New gas furnace and water heater. All new appliances. NO PETS. NO HUD/Section 8. Must fill out follow up questionnaire. Check your spam folder.

    2332 W 9th St, Anderson, IN 46016
  • /8

    $1,200 Per Month

    • 4 Beds
    • 1 Bath
    • 1,714 Sq Ft
    • House for Rent

    621 E 31st St, Anderson, IN 46016

    Property Id: 2709011Rent2Own Home in Anderson IN!Never thought you’d own a home? Think again … Stop throwing your money away in rent!No Bank Qualifying. Flexible Financing!This well-kept home offers bright living spaces, comfortable bedrooms, and a functional layout ideal for everyday living. Located in a quiet, established neighborhood close to shopping, parks,

    621 E 31st St, Anderson, IN 46016
  • /7

    $1,000 Per Month

    • 2 Beds
    • 1 Bath
    • Condo for Rent

    2800 Crystal St Unit M-2, Anderson, IN 46012

    Property Id: 2157920Welcome to your new 2 bedroom, 1 bathroom apartment in Anderson, IN! This unit on Crystal St boasts central amenities, on-site laundry, and a beautiful lawn. Enjoy the convenience of accessibility features and pet-friendly living for small dogs. Rent starts at $900/month. Don't miss out on this gem!

    2800 Crystal St Unit M-2, Anderson, IN 46012
  • /11

    $1,400 Per Month

    • 2 Beds
    • 1 Bath
    • 921 Sq Ft
    • House for Rent

    9 Dixie Dr, Anderson, IN 46016

    Property Id: 828696Charming 2b 1 bath house $1400 INCLUDES ALL UTILITIES!!! Which actually gives you a discount in the summer and winter months. You’ll be responsible for wifi only. This is a multi family property there are two seperate houses. The back house is rented. They are not connected. This is a charming 2 bd 1 bath sitting on the end of a dead end

    9 Dixie Dr, Anderson, IN 46016
  • /20

    $1,750 Per Month

    • 4 Beds
    • 2 Baths
    • 1,394 Sq Ft
    • House for Rent

    209 E 35th St, Anderson, IN 46013

    Property Id: 2039565This updated 4-bed, 2-bath home in Anderson offers a flexible 1,394 sq ft layout; great for families, roommates, or anyone needing a private suite. Three bedrooms and a full bath sit on one side of the home, while a fourth bedroom in the back features its own bathroom and nearby living area, ideal as an in-law suite or guest space. The home includes two living areas, a

    209 E 35th St, Anderson, IN 46013
  • /4

    $775 Per Month

    • 1 Bed
    • 1 Bath
    • 750 Sq Ft
    • Condo for Rent

    712 Ranike Dr Unit 3, Anderson, IN 46012

    Property Id: 2729976Freshly painted 1-bedroom, 1-bath home in a quiet and friendly neighborhood, featuring brand-new vinyl flooring throughout and an updated kitchen faucet. Conveniently located near the university and downtown, with easy access to numerous amenities, restaurants, and gas stations.Security deposit is due at signing aling with rent. Tenant pay for Gas and water to

    712 Ranike Dr Unit 3, Anderson, IN 46012
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    $1,000 Per Month

    • 2 Beds
    • 1 Bath
    • 750 Sq Ft
    • Condo for Rent

    2800 Crystal St Unit K-6, Anderson, IN 46012

    Property Id: 2235001Welcome to your new home at 2800 Crystal St in Anderson, IN! This charming 2 bedroom, 1 bathroom apartment is perfect for dogs. With on-site laundry and central amenities, this unit won't last long. Schedule a tour today!

    2800 Crystal St Unit K-6, Anderson, IN 46012
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    $1,220 Per Month

    • 2 Beds
    • 1 Bath
    • 1,196 Sq Ft
    • House for Rent

    1320 Lafayette Ct, Anderson, IN 46012

    Discover this freshly renovated 2-bedroom, 1-bath home on Lafayette Ct.We are pet-friendly! Your dogs and cats are welcome at 1320 Lafayette Court.Step into a refreshed interior with a contemporary vibe. This home comes equipped with modern essentials: whole-home Air Conditioning, a gas Stove, Oven, and refrigerator. Granite and quartz countertops grace the modernized kitchen,

    1320 Lafayette Ct, Anderson, IN 46012
  • /20

    $1,025 Per Month

    • 3 Beds
    • 1 Bath
    • 850 Sq Ft
    • House for Rent

    1308 W 4th St, Anderson, IN 46016

    *** SUMMER Leasing Special***We are currently running a seasonal leasing special for $200 off your first month's rent with any lease signed and a move-in date prior to 08/14/2026.*** SUMMER Leasing Special***Glimpse a charming sanctuary at 1308 W 4th St, nestled in the heart of Anderson, IN. This delightful 850 sq ft home offers a cozy retreat with three comfortable bedrooms,

    1308 W 4th St, Anderson, IN 46016
  • /2

    $725 Per Month

    • 1 Bed
    • 1 Bath
    • 946 Sq Ft
    • House for Rent

    616 1/2 Henry St, Anderson, IN 46016

    Property Id: 2720656 We have central air, good size ,separate, dry ,useable basement space where W/D and also additional storage room are located.*Bedroom and Family room newly carpeted and painted last week. Bathroom has new flooring and upgrades. *Shared off street driveway leads to 1/2 garage w/ LOFT storage* Cozy ,secluded, useable back yard for outside activity.*Stove

    616 1/2 Henry St, Anderson, IN 46016
  • /20

    $900 Per Month

    • 3 Beds
    • 1 Bath
    • 750 Sq Ft
    • Townhouse for Rent

    1309 Pearl St, Anderson, IN 46016

    Unwind in the comfort of Unit 2, 1309 Pearl St, where a beautifully designed 3-bedroom duplex offers an inviting retreat in the heart of Anderson, IN. This charming rental property spans a cozy 750 sq ft, promising an intimate and manageable living space that meets your everyday needs. Step inside to discover a thoughtfully laid out floor plan that maximizes every inch of space, creating a warm

    1309 Pearl St, Anderson, IN 46016
  • /9

    $925

    Total Monthly Price

    • 2 Beds
    • 2 Baths
    • 1,029 Sq Ft
    • Condo for Rent

    903 College Dr Unit 1, Anderson, IN 46012

    LARGE LOWER, 2 BEDROOM, 1 ½ BATH APARTMENT NEAR ANDERSON UNIVERSITY. THE LIVING ROOM IS SPACIOUS WITH A DECORATIVE FIREPLACE AND TALL CEILINGS. THE KITCHEN INCLUDES GAS STOVE AND REFRIGERATOR. A DINING ROOM OFF THE KITCHEN WITH LARGE WINDOWS FOR NATURAL LIGHT. THE FULL BATHROOM INCLUDES TUB AND SHOWER COMBO. CARPETING IN BOTH BEDROOMS. LOTS OF CLOSET SPACE. SHARED LAUNDRY ROOM WITH WASHER/DRYER.

    903 College Dr Unit 1, Anderson, IN 46012
  • /11

    $675 - $725

    Total Monthly Price

    • 2 Beds
    • 1 Bath
    • 600 Sq Ft
    • Condo for Rent

    1807 Meridian St, Anderson, IN 46016

    1807 Meridian St, Anderson, IN 46016
  • /4

    $650

    Total Monthly Price

    • 1 Bed
    • 1 Bath
    • 425 Sq Ft
    • Condo for Rent

    1432 Ohio Ave Unit 3, Anderson, IN 46016

    1432 Ohio Ave Unit 3, Anderson, IN 46016
  • /5

    $825

    Total Monthly Price

    • 2 Beds
    • 1 Bath
    • 550 Sq Ft
    • Condo for Rent

    917 E 8th St Unit 2, Anderson, IN 46012

    917 E. 8th ST. APT 2, ANDERSON *SUMMER SAVINGS! 50% OFF 2ND MONTHS RENT!*SEC DEP $825.00 **HUD ACCEPTED** $825.00 MONTHLY2 BEDROOM 1 BATH LOWER APARTMENT LOCATED 2 BLOCKS FROM ANDERSON UNIVERSITY AND CLOSE TO SCATTERFIELD RD. AND DOWNTOWN. LIVING ROOM HAS CARPET AND BOTH BEDROOMS HAVE NEW CARPETING. BATHROOM HAS TUB/SHOWER COMBO. THE KITCHEN HAS NEW

    917 E 8th St Unit 2, Anderson, IN 46012
  • /6

    $1,025

    Total Monthly Price

    • 2 Beds
    • 1 Bath
    • 600 Sq Ft
    • Condo for Rent

    1215 E 28th St Unit 1, Anderson, IN 46016

    1215 E 28TH ST APT 1**FRESHLY PAINTED & NEW FLOORING**SEC DEP: $1,025.00**INTERNET PROVIDED**RENT: $237.00 WEEKLY $474.00 BIWEEKLY $1,025.00 MONTHLYCUTE 2 BEDROOM LOWER APARTMENT WITH A NICE FRONT PORCH. LARGE, OPEN-CONCEPT LIVING ROOM AND EAT-IN KITCHEN HAVE NEW VINYL PLANK FLOORING. NEW ELECTRIC STOVE, NEW BUILT-IN MICROWAVE AND NEW REFRIGERATOR ARE INCLUDED. BATHROOM HAS TUB

    1215 E 28th St Unit 1, Anderson, IN 46016
  • /9

    $1,490

    Total Monthly Price

    • 3 Beds
    • 2 Baths
    • 1,611 Sq Ft
    • House for Rent

    921 W 9th St, Anderson, IN 46016

    921 W 9TH ST ANDERSON **NEWLY REMODELED** SEC DEP: $1,490.00 ***ACCEPTS HUD***$1,490.00 MONTHLY3 BEDROOM, 2 BATH HOUSE THAT’S NEWLY UPDATED THROUGHOUT! NEW PAINT! HARDWOOD FLOORS IN LIVING ROOM, AND ALL THREE BEDROOMS. OPEN CONCEPT LIVING ROOM & DINING AREA. THE KITCHEN HAS A NEW REFRIGERATOR, NEW GAS OVEN AND A NEW DISHWASHER. THE PRIMARY BEDROOM IS ON THE

    921 W 9th St, Anderson, IN 46016
  • /13

    $650

    Total Monthly Price

    • 1 Bed
    • 1 Bath
    • 625 Sq Ft
    • Condo for Rent

    2009 George St, Anderson, IN 46016

    2009 George St, Anderson, IN 46016
  • /7

    $1,250

    Total Monthly Price

    • 3 Beds
    • 1 Bath
    • 1,062 Sq Ft
    • House for Rent

    2212 Sherman St, Anderson, IN 46016

    >SIGN A 13 MONTH LEASE BY 7/31/26 & YOUR SECOND MONTH IS FREE!!**HUD ACCEPTED**3 BEDROOM, 1 BATHROOM HOUSE. LIVING ROOM / DINING ROOM COMBO. THE KITCHEN HAS AN ELECTRIC STOVE AND REFRIGERATOR INCLUDED. THE BATHROOM HAS TUB / SHOWER COMBO. W/D HOOK-UP IN THE BASEMENT AND HAS AN ELECTRIC CONNECTION FOR THE DRYER. VINYL PLANK FLOORING THROUGHOUT. NO SMOKING IN UNIT. TENANT PAYS ALL

    2212 Sherman St, Anderson, IN 46016
  • /13

    $650

    Total Monthly Price

    • 1 Bed
    • 1 Bath
    • 625 Sq Ft
    • Condo for Rent

    2009 George St, Anderson, IN 46016

    2009 George St, Anderson, IN 46016
  • /6

    $875

    Total Monthly Price

    • 2 Beds
    • 1 Bath
    • 720 Sq Ft
    • House for Rent

    319 Lincoln St, Anderson, IN 46016

    ***HUD ACCEPTED***2 BEDROOM 1 BATHROOM HOUSE, ORIGINAL HARDWOOD FLOORS THROUGHOUT, LIVING ROOM WITH LARGE PICTURE WINDOW AND BUILT-IN SHELVES. NICE KITCHEN WITH LOTS OF CABINETS, INCLUDES ELECTRIC STOVE AND REFRIGERATOR. BATHROOM HAS A TUB AND SHOWER COMBO. LAUNDRY ROOM WITH WASHER AND DRYER HOOKUP. 1 CAR ATTACHED GARAGE. TENANT PAYS ALL UTILITIES. TENANT TO MAINTAIN LAWNCARE. PETS MAY

    319 Lincoln St, Anderson, IN 46016
  • /5

    $850

    Total Monthly Price

    • 1 Bed
    • 1 Bath
    • 750 Sq Ft
    • House for Rent

    2418 W 18th St, Anderson, IN 46016

    **SUMMER SPECIAL - 50 % OFF 2ND MONTHS RENT !! **** HUD ACCEPTED**SPACIOUS, 1 BEDROOM 1 BATHROOM HOME. LARGE LIVING ROOM WITH AMPLE NATURAL LIGHT. KITCHEN HAS LOTS OF CABINETS AND COMES WITH A REFRIGERATOR AND ELECTRIC STOVE. BATHROOM HAS A TUB SHOWER COMBO AND A LARGE WALK IN CLOSET. WASHER AND DRYER HOOKUP. LARGE YARD AND ONE CAR GARAGE WITH LOTS OF STORAGE SPACE. TENANT PAYS ALL

    2418 W 18th St, Anderson, IN 46016
  • /5

    $625

    Total Monthly Price

    • 1 Bed
    • 1 Bath
    • 392 Sq Ft
    • Condo for Rent

    702 W 5th St Unit 3, Anderson, IN 46016

    702 W 5th St Unit 3, Anderson, IN 46016
  • /11

    $675 - $725

    Total Monthly Price

    • 2 Beds
    • 1 Bath
    • 600 Sq Ft
    • Condo for Rent

    1807 Meridian St, Anderson, IN 46016

    1807 Meridian St, Anderson, IN 46016
  • /6

    $1,000

    Total Monthly Price

    • 2 Beds
    • 1 Bath
    • 950 Sq Ft
    • House for Rent

    1925 Euclid Dr, Anderson, IN 46011

    1925 EUCLID DR. ANDERSON***HUD ACCEPTED***SEC DEP $1000.00 $1000.00 MONTHLY2 BEDROOM 1 BATHROOM HOUSE, ORIGINAL HARDWOOD FLOORS THROUGHOUT, LIVING ROOM WITH A BAY WINDOW. KITCHEN INCLUDES A GAS STOVE AND REFRIGERATOR. BATHROOM HAS A TUB AND SHOWER COMBO. WASHER AND DRYER HOOKUP IN BASEMENT. PARTIALLY FENCED BACKYARD. TENANT PAYS ALL UTILITIES. TENANT TO MAINTAIN LAWNCARE. NO

    1925 Euclid Dr, Anderson, IN 46011
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    $875

    Total Monthly Price

    • 2 Beds
    • 1 Bath
    • 864 Sq Ft
    • House for Rent

    2904 Lincoln St, Anderson, IN 46016

    *SUMMER SAVINGS! 50% OFF 2ND MONTHS RENT!***HUD ACCEPTED**2 BEDROOM 1 BATH UNIT OF A DUPLEX. NEW VINYL PLANK FLOORING THROUGHOUT. THE EAT IN KITCHEN HAS LOTS OF CABINET SPACE. AN ELECTRIC STOVE AND REFRIGERATOR ARE INCLUDED. THE BATHROOM HAS A TUB AND SHOWER COMBO. EACH BEDROOM HAS A CLOSET. LARGE BASEMENT WITH W/D HK-UP FOR AN ELECTRIC DRYER. 1 CAR DETACHED GARAGE. **NOTE GARAGE

    2904 Lincoln St, Anderson, IN 46016

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Why Live in Anderson

Anderson, located 45 miles northeast of Indianapolis, IN, is a community known for its resilience and ongoing economic revival. Historically significant, Anderson was once dubbed the “Queen City of the Gas Belt” due to a natural gas boom in the early 20th century. Today, the city is diversifying its economy with major employers like Nestle, NTN Driveshaft, and Harrah’s Hoosier Park Racing and Casino. Anderson University, a Church of God-affiliated liberal arts institution, adds to the local culture and economy. The city’s downtown arts scene is anchored by the historic Paramount Theatre, which hosts various events, and the Anderson Museum of Art, which features local artwork and community events. Recreational opportunities abound with the White River Trail, Shadyside Lake, and Mounds State Park, known for its ancient earthworks. Anderson also offers two public golf courses and the Anderson Speedway for racing enthusiasts. Housing in Anderson reflects its varied history, with styles ranging from late 19th-century Queen Anne to mid-century ranch homes. The median home price is significantly lower than the national average, attracting buyers from nearby Indianapolis. Liberty Christian School is highly rated, providing quality education options. Despite challenges like occasional flooding near the White River and Killibuck Creek, Anderson’s community spirit and strategic location along Interstate 69 continue to drive its resurgence.

Frequently Asked Questions

How much does it cost to rent a home in Anderson, IN?
The median rent for a home in Anderson, IN is $1,000 per month, though prices vary by neighborhood, size, and property type. As of July 2026, townhouses tend to be the most affordable option while condos and single-family homes are currently more expensive.
How much do you need to make to afford rent in Anderson, IN?
To comfortably afford the median rent in Anderson, IN, a household needs to earn roughly $40,000 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 $1,000 per month in Anderson, IN, renters typically need to show $3,000 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 Anderson, IN?
In Anderson, IN, the price-to-rent ratio is 13.8, 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 Anderson, IN are best for renting a home?
The best neighborhood for renting in Anderson, IN depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Brooks-Luxhaven, West Noblesville, East Carmel and Westside, each with its own character and price range.

Rental Home Trends

Number of Homes for Rent
122
Median Rent
$1,000
Median Single Family Home Rent
$1,070
Median Townhouse Rent
$788
Median Condo Rent
$975
How to Rent a Home