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Decatur, IN Home for Rent

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    $1,800 Per Month

    • 4 Beds
    • 2 Baths
    • 2,600 Sq Ft
    • House for Rent

    110 S 4th St, Decatur, IN 46733

    4 possibly 5 Bedroom 2 Bathroom house close to downtown original wood floors updated kitchen one car detached garage large back yard $1800 a month $1800 security deposit Credit and Background check required. 4 possibly 5 Bedroom 2 Bathroom house close to downtown original wood floors updated kitchen one car detached garage large back yard $1800 a month $1800 security deposit Credit and

    110 S 4th St, Decatur, IN 46733

Why Live in Decatur

Decatur is a small city in northeastern Indiana, just a few miles from the Ohio border, known for its artistic community and numerous events. The town of 10,000 residents celebrates its artistic heritage with permanent sculptures by local and national artists and an annual sculpture tour that unveils new works each year. Decatur features a variety of home styles, including two-story homes, bungalows, and ranch-style houses, with larger lots available on the outskirts of town. The median home price is significantly below the national average. The city hosts many community events at Madison Street Plaza, such as a Thursday night concert series, Decatur Germanfest, car shows, and a weekly farmers market. The Callithumpian Festival, one of the oldest Halloween festivals in the nation, is also a highlight. Downtown Decatur is active with family-owned restaurants like Pizza King and Famous Monster Pizza, which offers a unique movie-themed dining experience. For more retail options, residents often travel to Fort Wayne, 20 miles away. The area is served by North Adams Community Schools, which are highly rated and offer dual credit and Advanced Placement courses. Decatur boasts about a dozen parks, including Kekionga Park and the REV Sports Complex, which provide various recreational activities. Major employers in the area include Fleetwood RV, Formula Boats, and Bunge. The city is accessible via U.S. Route 27 and U.S. Route 224, with Fort Wayne International Airport located 20 miles north. Adams Memorial Hospital has been providing care for over 100 years.

Frequently Asked Questions

How much does it cost to rent a home in Decatur, IN?
The median rent for a home in Decatur, IN is $1,800 per month, though prices vary by neighborhood, size, and property type. As of September 2026, single-family homes tend to be the most affordable option.
How much do you need to make to afford rent in Decatur, IN?
To comfortably afford the median rent in Decatur, IN, a household needs to earn roughly $72,000 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 $1,800 per month in Decatur, IN, renters typically need to show $5,400 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 Decatur, IN?
In Decatur, IN, the price-to-rent ratio is 8.7, 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 Decatur, IN are best for renting a home?
The best neighborhood for renting in Decatur, IN depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Oakdale, Southwest Fort Wayne, Pettit-Rudisill, Oxford and Renaissance Pointe, each with its own character and price range.

Rental Home Trends

Number of Homes for Rent
1
Median Rent
$1,800
Median Single Family Home Rent
$1,800
How to Rent a Home