$1,000 Per Month
- 1 Bed
- 1 Bath
- 775 Sq Ft
- Condo for Rent
547 W Main St Unit 549 W Main St, Danville, IN 46122
Frequently Asked Questions
How much does it cost to rent a condo in Danville, IN?
The median rent for a condo in Danville, IN is $1,278 per month, though prices vary by neighborhood, size, and property type. As of July 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 Danville, IN?
To comfortably afford the median rent in Danville, IN, a household needs to earn roughly $75,480 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 $1,887 per month in Danville, IN, renters typically need to show $5,661 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 Danville, IN?
In Danville, IN, the price-to-rent ratio is 16.1, 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.
What neighborhoods in Danville, IN are best for renting a condo?
The best neighborhood for renting in Danville, IN depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a condo include Eagle Creek, Snacks/Guion Creek, Near Northside, Saint Joseph Historic Neighborhood and West Carmel, each with its own character and price range.
