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Anderson, IN Townhomes for Rent

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  • 924 Sun Valley Dr, Anderson, IN 46016
    924 Sun Valley Dr, Anderson, IN 46016
    924 Sun Valley Dr, Anderson, IN 46016
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    Starting at $1,300 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
  • 3634 Oaklawn Dr, Anderson, IN 46013
    3634 Oaklawn Dr, Anderson, IN 46013
    3634 Oaklawn Dr, Anderson, IN 46013
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    Starting at $859 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
  • 1309 Pearl St, Anderson, IN 46016
    1309 Pearl St, Anderson, IN 46016
    1309 Pearl St, Anderson, IN 46016
    /20

    $875 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
  • 1326 1/2 E 35th St, Anderson, IN 46013
    1326 1/2 E 35th St, Anderson, IN 46013
    1326 1/2 E 35th St, Anderson, IN 46013
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    $699

    Total Monthly Price

    • 2 Beds
    • 1 Bath
    • 800 Sq Ft
    • Townhouse for Rent

    1326 1/2 E 35th St, Anderson, IN 46013

    2 BEDROOM DUPLEX. LARGE LIVING ROOM WITH PINE PANELING. BOTH BEDROOMS AND LIVING ROOM HAVE CARPET. KITCHEN HAS OAK CABINETS AND INCLUDES A GAS STOVE AND REFRIGERATOR. 1 BATHROOM WITH TUB AND SHOWER COMBO. WASHER/DRYER HOOK-UP IN KITCHEN. OFF STREET PARKING. LAWN CARE IS PROVIDED. NO PETS ALLOWED. TENANT PAYS ALL UTILITIES. RENTERS INSURANCE REQUIRED AT TENANT COST.

    1326 1/2 E 35th St, Anderson, IN 46013
  • 2528 Lincoln St, Anderson, IN 46016
    2528 Lincoln St, Anderson, IN 46016
    2528 Lincoln St, Anderson, IN 46016
    /7

    $749

    Total Monthly Price

    • 1 Bed
    • 1 Bath
    • 900 Sq Ft
    • Townhouse for Rent

    2528 Lincoln St, Anderson, IN 46016

    2528 Lincoln StreetAnderson, IN 46016$749 Rent$749 Security Deposit$35 Application FeeThis beautiful 1 bedroom duplex offers all the amenities. It boasts a convenient location in central Anderson as well as all of the appliances being included.The cook in the family will enjoy the open concept kitchen with refrigerator and electric range. Meanwhile, you'll all

    2528 Lincoln St, Anderson, IN 46016
Indiana Madison County

Townhomes for Rent in Anderson, IN

Frequently Asked Questions

How much does it cost to rent a townhouse in Anderson, IN?
The median rent for a townhouse in Anderson, IN is $724 per month, though prices vary by neighborhood, size, and property type. As of August 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 $39,800 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 $995 per month in Anderson, IN, renters typically need to show $2,985 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 14.0, 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.

Townhouse Rental Trends in Anderson, IN

There are currently 5 townhouses available for rent in Anderson, IN. The median rent is $724 per month, with 2-bedroom townhouses renting at $725 and 3-bedroom townhouses at $875.

Rental Home Trends

Number of Townhouses for Rent
5
Median Townhouse Rent
$724
Median 2 Bedroom Townhouse Rent
$725
Median 3 Bedroom Townhouse Rent
$875
How to Rent a Home

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