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Newest Homes for Rent in Lapel, IN

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  • 424 S Main St, Lapel, IN 46051
    424 S Main St, Lapel, IN 46051
    424 S Main St, Lapel, IN 46051
    /27

    $1,545 Per Month

    • 3 Beds
    • 1 Bath
    • 989 Sq Ft
    • House for Rent

    424 S Main St, Lapel, IN 46051

    Discover this delightful 3-bedroom, 1-bath ranch home at 424 S Main St, Lapel, IN. Nestled on a spacious 0.2-acre lot, this residence features a cozy covered front porch—perfect for relaxation—and a fenced backyard ideal for outdoor activities. Inside, you'll find 989 square feet of living space, an eat-in kitchen, and updated vinyl windows. The detached garage includes a workshop area, catering

    424 S Main St, Lapel, IN 46051
  • 112 W 14th St Unit 112 W. 14th St., Lapel, IN 46051
    112 W 14th St Unit 112 W. 14th St., Lapel, IN 46051
    112 W 14th St Unit 112 W. 14th St., Lapel, IN 46051
    /6

    $1,050

    Total Monthly Price

    • 2 Beds
    • 1 Bath
    • 800 Sq Ft
    • Condo for Rent

    112 W 14th St Unit 112 W. 14th St., Lapel, IN 46051

    Sit on your front porch and watch the world go by in friendly and safe Lapel. This apartment is within walking distance of downtown Lapel. It is also close to State Road 32 and is in the Lapel School district. It is a two-bedroom, one-bath apartment. The interior was completely remodeled in early 2021. We take care of all lawn maintenance. There is a sitting area on the front porch facing W. 14th

    112 W 14th St Unit 112 W. 14th St., Lapel, IN 46051
Indiana Madison County Lapel

Newest Homes for Rent in Lapel, IN

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 $1,297 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 Lapel, IN?
To comfortably afford the median rent in Lapel, IN, a household needs to earn roughly $51,880 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 $1,297 per month in Lapel, IN, renters typically need to show $3,891 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 16.7, 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, East Carmel, West Noblesville, I-69 Fall Creek and Castleton, each with its own character and price range.

Rental Home Trends in Lapel, IN

There are currently 2 homes available for rent in Lapel, IN. The median rent is $1,297 per month, with single-family homes renting at $1,545 and condos at $1,050.

Rental Home Trends

Number of Homes for Rent
2
Median Rent
$1,297
Median Single Family Home Rent
$1,545
Median Condo Rent
$1,050
How to Rent a Home

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