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Studio Apartments for Rent in Anderson, IN

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  • /33

    Starting at $779 Per Month

    • Studio - 1 Bed

    600 Main St, Anderson, IN 46016

    Harter House Anderson is a 55+ Senior Living Community. We don't just rent apartments. From the moment you walk through the front door, you'll feel comfort and security which makes our residents happy to call us home. Harter House is conveniently located close to shopping, local museums and parks with sponsored activities to develop new hobbies while getting to know your neighbors.

    Harter House

    (765) 734-9132

    600 Main St, Anderson, IN 46016
  • /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

    (765) 754-9353

    319 E 12th St, Anderson, IN 46016
  • /10

    $700 Per Month

    • Studio
    • 1 Bath
    • 252 Sq Ft
    • Condo for Rent

    21 W 8th St Unit 2, Anderson, IN 46016

    Make your next move to the heart of Downtown Anderson. This unit is within walking distance of public transportation. It is situated on the second floor of the Burro Loco Restaurant building. Double-entry doors for extra security. Text for Details - . Currently Accepting Applications for this unit at Utilities are included with the rent.Studio Upstairs Apartment. Located downtown

    21 W 8th St Unit 2, Anderson, IN 46016

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 $975 per month, though prices vary by neighborhood, size, and property type. As of May 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 $39,000 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 $975 per month in Anderson, IN, renters typically need to show $2,925 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 14.1, 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.

Rental Home Trends in Anderson, IN

Rental Home Trends

Number of Homes for Rent
3
Median Rent
$975
Median Single Family Home Rent
$1,130
Median Townhouse Rent
$763
Median Condo Rent
$895
How to Rent a Home