4

Lake Station, IN Homes for Rent

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  • /19

    $1,395 Per Month

    • 3 Beds
    • 1 Bath
    • House for Rent

    5649 E 13th Place, Gary, IN 46403

    (English/Spanish-Inglés/Español)English/Inglés: Updated 3-Bedroom Home with Modern Finishes, Kitchen & Private YardThis cozy 3-bedroom, 1-bathroom single-family home located at 5649 East 13th Place in Gary, Indiana offers comfortable, updated living space for $1,395/month. Featuring a stylish neutral interior layout, durable vinyl plank flooring, and a expansive private lawn, this

    5649 E 13th Place, Gary, IN 46403
  • /12

    $1,095 Per Month

    • 2 Beds
    • 1 Bath
    • 768 Sq Ft
    • House for Rent

    3464 Iowa St, Lake Station, IN 46405

    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.Discover comfort and convenience in this charming

    3464 Iowa St, Lake Station, IN 46405
  • /10

    $2,950 Per Month

    • 3 Beds
    • 2 Baths
    • 1,405 Sq Ft
    • House for Rent

    2250 S Shelby St, Lake Station, IN 46405

    NEW CONSTRUCTION - 3 bedrooms, 2 bath, beauty mirror in master, blue tooth speaker, all new, appliance included (stove fridge dishwasher- wash/dry extra), fenced yard.

    2250 S Shelby St, Lake Station, IN 46405
  • /12

    $1,250 Per Month

    • 2 Beds
    • 1 Bath
    • 735 Sq Ft
    • House for Rent

    2524 Cass St, Gary, IN 46405

    Discover the charm of this cozy, newly updated 735 square foot home in the heart of Lake Station, IN. This quaint residence features two inviting bedrooms and a well-appointed bathroom, providing a comfortable living space for anyone seeking a serene environment. The house retains its vintage character while offering modern conveniences, including a reliable air conditioning system to keep you

    2524 Cass St, Gary, IN 46405

Why Live in Lake Station

Lake Station, IN, is a laidback city known for its winding waterways and parks. Located 4 miles from Lake Michigan and about 40 miles from Chicago, it offers affordable housing in a close-knit community. Homes in Lake Station are typically smaller, with many properties built in the early to mid-20th century, featuring bungalow and ranch styles. Riverview Park is a central hub for outdoor recreation, offering an outdoor swimming pool, archery range, volleyball and basketball courts, and a large green space by the river. Residents can also enjoy fishing and boating at Grand Boulevard Lake, which has a one-mile lakeside nature loop for walking or biking. For dining, Central Avenue hosts local favorites like Taqueria Mazamitla and Tap House 1233 Grill, with fresh ice cream available at Bajo Cero Michoacana. The He Ain't Here Lounge is a popular spot for drinks. Community events are held throughout the year at Riverview Park, including seasonal festivities like an Easter egg hunt, Halloween event, and pride festival. The Lake Station Community Schools district serves local children, with students advancing to Thomas A. Edison Junior/ Senior High School, which offers extracurriculars like creative writing club and Civil Air Patrol. While residents can walk to local shops, most rely on cars for errands and commuting, with U.S. Route 6 and Interstate 94 providing access to Downtown Chicago, located about 38 miles northwest.

Frequently Asked Questions

How much does it cost to rent a home in Lake Station, IN?
The median rent for a home in Lake Station, IN is $2,100 per month, though prices vary by neighborhood, size, and property type. As of July 2026, single-family homes tend to be the most affordable option.
How much do you need to make to afford rent in Lake Station, IN?
To comfortably afford the median rent in Lake Station, IN, a household needs to earn roughly $84,000 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 $2,100 per month in Lake Station, IN, renters typically need to show $6,300 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 Lake Station, IN?
In Lake Station, IN, the price-to-rent ratio is 7.5, 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 Lake Station, IN are best for renting a home?
The best neighborhood for renting in Lake Station, IN depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Aetna, Miller, Midtown, Downtown Gary and Glen Park, each with its own character and price range.

Rental Home Trends

Number of Homes for Rent
4
Median Rent
$2,100
Median Single Family Home Rent
$1,550
How to Rent a Home