Newest Home for Rent in Chesterfield, IN

The median rent for a home in Chesterfield, IN is $949 per month, though prices vary by neighborhood, size, and property type. As of August 2026, single-family homes tend to be the most affordable option.

To comfortably afford the median rent in Chesterfield, IN, a household needs to earn roughly $37,960 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 $949 per month in Chesterfield, IN, renters typically need to show $2,847 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.

In Chesterfield, IN, the price-to-rent ratio is 11.4, 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.

The best neighborhood for renting in Chesterfield, IN depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Industry, Brooks-Luxhaven, Old West End, Thomas Park-Avondale and Westside, each with its own character and price range.