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Delphi, IN Homes for Rent

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    Starting at $957 Per Month

    • Studio - 2 Beds

    220 E Front St, Delphi, IN 46923

    Welcome to The Interurban Apartments, a beacon of modern living nestled in the heart of Delphi, Indiana. Elevate your living experience with our meticulously designed apartments. Each unit boasts high-end finishes, spacious layouts, and modern conveniences, ensuring every moment at home is a testament to luxury and comfort.Whether you're looking for the cozy charm of a studio, the

    The Interurban Apartments

    220 E Front St, Delphi, IN 46923
  • /7

    $850 Per Month

    • 1 Bed
    • 1 Bath
    • Condo for Rent

    114 E Franklin St Unit 4, Delphi, IN 46923

    Welcome to the beautifully renovated 1 bedroom, 1 bathroom apartment located in the heart of Delphi, IN. This upstairs apartment offers a modern living space that has been newly renovated to provide a comfortable living experience with all brand new appliances. The building features a shared coin-operated washer and dryer for ease of use. This apartment's prime location in downtown Delphi ensures

    114 E Franklin St Unit 4, Delphi, IN 46923
  • /6

    $825 Per Month

    • 1 Bed
    • 1 Bath
    • Condo for Rent

    111 W Franklin St Unit 4, Delphi, IN 46923

    This one bedroom apartment is perfect for a first starter apartment centrally located in Delphi IN. Open concept layout, vinyl flooring throughout and affordable! Tenant would be responsible for electric and a monthly $30 flat water fee. Call today to make this unit yours at or visit our website to apply at !

    111 W Franklin St Unit 4, Delphi, IN 46923
  • /9

    $1,150 Per Month

    • 2 Beds
    • 1 Bath
    • 1,008 Sq Ft
    • House for Rent

    422 N Indiana St, Delphi, IN 46923

    Bottom unit. 2 Bedroom, 1 Bath.

    422 N Indiana St, Delphi, IN 46923

Why Live in Delphi

Delphi, Indiana, a small rural city with a rich historical background, is known for its community spirit and its title as the "bacon capital of the state." Founded due to its strategic position on the Wabash and Erie Canal, Delphi has a strong sense of togetherness and offers small-town living with lower home prices. The city hosts the annual Indiana Bacon Festival, featuring a cook-off, live music, and local breweries and wineries. The Delphi Opera House, a historic venue from 1865, is central to the city's cultural events, hosting performances by local musicians and comedians. Delphi's downtown area is home to long-standing businesses like Paretta’s Italian Ristorante and the Dog House bar, which offers live music and a pet-friendly atmosphere. Architecturally, Delphi boasts Greek Revival, Victorian, ranch-style, and Colonial Revival homes, many dating back to the canal's active years. The Wabash and Erie Canal Park provides hiking trails, a historic village, and a canal boat jungle gym for children. Students in Delphi attend schools within the Delphi Community School Corporation, with Delphi Community High being highly rated. The Hoosier Heartland Highway connects Delphi to Lafayette and Fort Wayne, providing access to Interstate 65 and nearby medical facilities like Indiana University Health White Memorial Hospital in Monticello.

Frequently Asked Questions

How much does it cost to rent a home in Delphi, IN?
The median rent for a home in Delphi, IN is $887 per month, though prices vary by neighborhood, size, and property type. As of September 2026, condos tend to be the most affordable option while single-family homes are currently more expensive.
How much do you need to make to afford rent in Delphi, IN?
To comfortably afford the median rent in Delphi, IN, a household needs to earn roughly $35,480 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 $887 per month in Delphi, IN, renters typically need to show $2,661 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 Delphi, IN?
In Delphi, IN, the price-to-rent ratio is 19.3, 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 Delphi, IN are best for renting a home?
The best neighborhood for renting in Delphi, IN depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Columbian Park, Valley Center, Ellsworth Romig, Old Romney and Monon, each with its own character and price range.

Rental Home Trends

Number of Homes for Rent
4
Median Rent
$887
Median Single Family Home Rent
$1,925
Median Condo Rent
$850
How to Rent a Home