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Studio Apartment for Rent in East Chicago, IN

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    $700 Per Month

    • Studio
    • 1 Bath
    • 500 Sq Ft
    • Condo for Rent

    4901 Walsh Ave Unit 2, East Chicago, IN 46312

    *** AVAILABLE MOVE-IN DATE 9/1***Prospective tenants are NOT REQUIRED TO PAY 3rd Party Application fees. ALL applications MUST be submitted via the PMI NWI website. Applications submitted through 3RD PARTY websites/vendors WILL NOT BE ACCEPTED.PLEASE SUBMIT ANY QUESTIONS THROUGH THE "REQUEST A TOUR", "CHECK AVAILABILITY", or other contact options provided.Welcome to this

    4901 Walsh Ave Unit 2, East Chicago, IN 46312

Why Live in East Chicago

East Chicago, Indiana, known as "America's Workshop," has a rich industrial history centered around the Indiana Harbor. The city’s economy is heavily influenced by Cleveland-Cliffs’ Indiana Harbor Works, the largest employer, and the Ameristar Casino East Chicago, a significant economic contributor. The city offers affordable housing, with median home prices around $150,000, featuring single-family brick bungalows in western neighborhoods like Calumet and Northside, and multifamily units in Indiana Harbor. East Chicago is actively working to improve walkability and homeownership through initiatives like the 2023 Sidewalk and Alley Plan and the Home Ownership Program. The School City of East Chicago encompasses seven public schools, and the East Chicago Lighthouse Charter School provides a literacy-focused curriculum for K-8 students. Ivy Tech Community College’s Lake County Campus offers various two-year degree programs. The city’s parks and recreation system has seen significant investment, with Washington Park offering a community pool, walking paths, and a greenhouse. Jeorse Park Beach, located on Lake Michigan, is one of the few free beaches in Northwest Indiana, featuring sculptures, shelters, and picnic areas. East Chicago’s downtown areas, divided by the Indiana Harbor Belt, offer a variety of local markets and dining options, with Chicago Avenue and Main Street hosting numerous shops and eateries. The city is accessible via the South Shore Line commuter rail and Interstate 94, with free bus service and the developing Marquette Greenway trail enhancing connectivity.

Frequently Asked Questions

How much does it cost to rent a home in East Chicago, IN?
The median rent for a home in East Chicago, IN is $1,162 per month, though prices vary by neighborhood, size, and property type. As of August 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 East Chicago, IN?
To comfortably afford the median rent in East Chicago, IN, a household needs to earn roughly $46,480 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 $1,162 per month in East Chicago, IN, renters typically need to show $3,486 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 East Chicago, IN?
In East Chicago, IN, the price-to-rent ratio is 11.1, 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 East Chicago, IN are best for renting a home?
The best neighborhood for renting in East Chicago, IN depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include South Shore, Kenwood, River North, Magnificent Mile and Auburn Gresham, each with its own character and price range.

Rental Home Trends

Number of Homes for Rent
1
Median Rent
$1,162
Median Single Family Home Rent
$1,300
Median Townhouse Rent
$1,025
Median Condo Rent
$1,150
How to Rent a Home