$750
Total Monthly Price
- Studio
- 1 Bath
- 900 Sq Ft
- Condo for Rent
1531 1/2 State St Unit 1531 state st, Columbus, IN 47201
Upstairs Studio apartment. Off street parking, outside entrance.You pay Electric, Water, cable & internet No PETS No Smoking
Frequently Asked Questions
How much does it cost to rent a condo in Columbus, IN?
The median rent for a condo in Columbus, IN is $1,700 per month, though prices vary by neighborhood, size, and property type. As of August 2026, condos tend to be the most affordable option while townhouses and single-family homes are currently more expensive.
How much do you need to make to afford rent in Columbus, IN?
To comfortably afford the median rent in Columbus, IN, a household needs to earn roughly $78,000 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 $1,950 per month in Columbus, IN, renters typically need to show $5,850 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 Columbus, IN?
In Columbus, IN, the price-to-rent ratio is 12.0, 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.
