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Anderson, IN Townhomes for Rent

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  • 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

    (765) 703-4973

    3634 Oaklawn Dr, Anderson, IN 46013
  • 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 $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

    (765) 374-6376

    924 Sun Valley Dr, Anderson, IN 46016
  • 700 High St, Anderson, IN 46012
    700 High St, Anderson, IN 46012
    700 High St, Anderson, IN 46012
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    $950

    Total Monthly Price

    • 2 Beds
    • 1.5 Baths
    • 900 Sq Ft
    • Townhouse for Rent

    700 High St, Anderson, IN 46012

    2 bed, 1.5 bath, in HPPCA, near Anderson University. New kitchen appliances provided. W/D provided. New flooring, fresh paint. Central Air. Water, sewer, storm, lawncare, and trash provided. Bedrooms upstairs, living area downstairs. NO PETS. NO SMOKING. 1 surface spot and 1 carport with storage provided.

    700 High St, Anderson, IN 46012
  • 3614 Columbus Ave, Anderson, IN 46013
    3614 Columbus Ave, Anderson, IN 46013
    3614 Columbus Ave, Anderson, IN 46013
    /5

    $775

    Total Monthly Price

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

    3614 Columbus Ave, Anderson, IN 46013

    ***SIGN 12 MO LEASE, GET 2ND MO RENT FREE******FRESHLY PAINTED***1 BEDROOM, 1 BATH DUPLEX. THE LIVING ROOM & BEDROOM HAVE HARDWOOD FLOORS. THE KITCHEN HAS LAMINATE FLOORING & GAS STOVE AND REFRIGERATOR ARE PROVIDED. THE BATHROOM HAS A TUB & SHOWER COMBO WITH LAMINATE FLOORING, BASEMENT INCLUDES W/D HK-UP. TENANTS HAVE NO USE OF THE GARAGE. TENANT PAYS FOR ALL UTILITIES. NO PETS

    3614 Columbus Ave, Anderson, IN 46013
Indiana Madison County Anderson

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 $763 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

There are currently 4 townhouses available for rent in Anderson, IN. The median rent is $763 per month, with 2-bedroom townhouses renting at $850.

Rental Home Trends

Number of Townhouses for Rent
4
Median Townhouse Rent
$763
Median 2 Bedroom Townhouse Rent
$850
How to Rent a Home

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