4

Studio Apartments for Rent in Kokomo, IN

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  • /26

    Starting at $750 Per Month

    • Studio - 2 Beds

    200 N Union St, Kokomo, IN 46901

    Welcome to the brand new Macy Apartments located in downtown Kokomo. You are across the street from the local YMCA, across the street from the trolley station, walking distance to locally owned restaurants, shops, and a brewery. If you like the outdoors, the walking and biking trails are just around the corner. We currently have a couple Studios and 2 bedrooms available with multiple floor plans.

    The Macy Apartments

    (765) 753-4841

    200 N Union St, Kokomo, IN 46901
  • /29

    Starting at $715 Per Month

    • Studio - 2 Beds

    2241 W Jefferson St, Kokomo, IN 46901

    Nestled in a peaceful park-like setting, Turtle Creek Apartments of Kokomo offers just the right combination of comfort, convenience and value. Our friendly management team is dedicated to giving you a comfortable apartment home and exceptional service.

    Turtle Creek Kokomo

    (765) 753-4534

    2241 W Jefferson St, Kokomo, IN 46901
  • /20

    Starting at $880 Per Month

    • Studio - 2 Beds

    306 S Main St, Kokomo, IN 46901

    306 Riverfront District offers luxury living on the riverfront in dowtown Kokomo. We offer studio, one and two bedroom apartment homes with several different floor plans to choose from.

    306 Riverfront

    (765) 753-6488

    306 S Main St, Kokomo, IN 46901
  • /13

    Starting at $699 Per Month

    • Studio - 1 Bed

    1231 W Walnut St, Kokomo, IN 46901

    Walnut Manor – Historic Charm in the Heart of Kokomo1231 W Walnut St, Kokomo, INStep into timeless elegance at Walnut Manor, a beautifully preserved 24-unit brick apartment complex nestled in the heart of Kokomo. This historic gem offers a blend of classic architecture and modern convenience, featuring original hardwood floors in every unit and secure keyless entry throughout the

    Walnut Manor

    (765) 626-3279

    1231 W Walnut St, Kokomo, IN 46901

Why Live in Kokomo

Kokomo's rich automotive heritage comes alive through unique attractions like the Elwood Haynes Museum and the annual Haynes Apperson Festival. The city's cultural scene centers around the historic Seiberling Mansion, while America's oldest art glass company, Kokomo Opalescent Glass, welcomes visitors for factory tours. Foster Park serves as a community gathering spot with its Arts Pavilion and concert series, while Highland Park features the famous Old Ben, known as the World's Largest Steer. Local dining ranges from upscale options at Marble The Steakhouse to craft beers and house-smoked barbecue at Half Moon Restaurant & Brewery.

The housing market in Kokomo presents affordable options across various neighborhoods. The median single family home price stands at $180,000, with median townhome prices at $143,500. One bedroom condos have a median price of $113,500, while two bedroom condos typically sell for $208,000. Indian Heights features single family homes with a median price of $140,000, while Maple Crest commands higher prices with a median of $196,800.

Living costs in Kokomo fall 16.8% below the national average. A family with school age children needs approximately $89,000 annually to live comfortably, while renters should aim for $45,000. Property taxes remain competitive at 0.73%, lower than Indianapolis at 0.93%. The city maintains strong employment opportunities through major manufacturers like Stellantis and Delphi Technologies. Western Middle School, rated A minus by Niche, serves several neighborhoods including Indian Heights and Westbrook. Indiana University Kokomo provides higher education opportunities within the city limits. The free City Line Trolley connects downtown to shopping districts, making commuting convenient for residents.

Frequently Asked Questions

How much does it cost to rent a home in Kokomo, IN?
The median rent for a home in Kokomo, IN is $1,407 per month, though prices vary by neighborhood, size, and property type. As of May 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 Kokomo, IN?
To comfortably afford the median rent in Kokomo, IN, a household needs to earn roughly $56,280 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 $1,407 per month in Kokomo, IN, renters typically need to show $4,221 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 Kokomo, IN?
In Kokomo, IN, the price-to-rent ratio is 10.4, 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.

Rental Home Trends in Kokomo, IN

Rental Home Trends

Number of Homes for Rent
4
Median Rent
$1,407
Median Single Family Home Rent
$1,165
Median Condo Rent
$738
How to Rent a Home