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Lapel, IN Home for Rent

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    $1,775

    Total Monthly Price

    • 4 Beds
    • 2 Baths
    • 952 Sq Ft
    • House for Rent

    108 W 5th St, Lapel, IN 46051

    *LAPEL SCHOOLS~ A FOUR STAR SCHOOL!*4 BEDROOM 2-STORY HOUSE WITH 2 FULL BATHROOMS LOCATED IN THE HEART OF LAPEL! THE HOUSE IS NEWLY REMODELED- NEW FLOORING & PAINT THROUGHOUT! THE LIVING ROOM HAS VINYL PLANK FLOORING. THE EAT-IN KITCHEN HAS NEW COUNTERTOPS AND BACKSPLASH. A REFRIGERATOR, ELECTRIC RANGE, AND A DISHWASHER ARE PROVIDED. ONE BATHROOM WITH A TUB AND SHOWER COMBO. THE 2ND

    108 W 5th St, Lapel, IN 46051

Why Live in Lapel

Lapel, Indiana, is a small town with a population of around 2,500, offering a laid-back lifestyle and convenient commuting options to nearby Hamilton County. The town has deep agricultural roots, demonstrated by the community's support for local farmers after tornadoes in April 2025. Housing in Lapel includes midcentury cottages, bungalows, ranch-style, and gable-front homes, along with new builds featuring traditional, modern farmhouse, and Craftsman styles. The town's lower median home price of $250,000 is a significant draw compared to neighboring Noblesville and Fishers. Lapel's schools, part of the Frankton-Lapel Community Schools district, are highly rated, with Lapel High School offering Advanced Placement and dual-credit classes. Community spirit is evident at local sports events, where residents cheer on the Lapel High School Bulldogs. Lapel features several parks, including Brookside Park with its sports complex, Memorial Park's skatepark, and Woodward Park's splash pad and playground. Residents enjoy proximity to Ruoff Music Center, Geist Reservoir, and Harrah’s Hoosier Park Casino Racetrack. Dining options include King Dough and Pax Verum Brewing Company, and Smoky’s Concession Stand. For shopping, Hamilton Town Center is a short drive away. The annual Village Fair is a cherished tradition, attracting former residents back to town. Lapel is less than 10 miles from Anderson and Noblesville, with downtown Indianapolis reachable in about 45 minutes via I-69.

Frequently Asked Questions

How much does it cost to rent a home in Lapel, IN?
The median rent for a home in Lapel, IN is $1,775 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 Lapel, IN?
To comfortably afford the median rent in Lapel, IN, a household needs to earn roughly $71,000 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 $1,775 per month in Lapel, IN, renters typically need to show $5,325 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 Lapel, IN?
In Lapel, IN, the price-to-rent ratio is 12.2, 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 Lapel, IN are best for renting a home?
The best neighborhood for renting in Lapel, IN depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Brooks-Luxhaven, West Noblesville, East Carmel, Castleton and East Westfield, each with its own character and price range.

Rental Home Trends

Number of Homes for Rent
1
Median Rent
$1,775
Median Single Family Home Rent
$1,775
How to Rent a Home