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Studio Apartment for Rent in New Palestine, IN

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  • 30 E North St, New Palestine, IN 46163
    30 E North St, New Palestine, IN 46163
    30 E North St, New Palestine, IN 46163
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    $2,200 Per Month

    • Studio
    • 1 Bath
    • House for Rent

    30 E North St, New Palestine, IN 46163

    More Pictures Coming SoonSpacious 5-Bedroom Home for Rent in New Palestine30 E. North Street, New Palestine, INRent: $2,200 per monthSecurity Deposit: $2,200Now available for rent, this spacious 5-bedroom single-family home offers plenty of room in a convenient New Palestine location. The property features a two-car attached garage and a fully fenced backyard,

    30 E North St, New Palestine, IN 46163
Indiana Hancock County

Studio Homes for Rent in New Palestine, IN

Why Live in New Palestine

New Palestine, Indiana, is a small town situated less than 30 minutes from Indianapolis, offering a rural feel and close-knit community. Established in 1871, New Palestine features a diverse array of home styles, including historic homes, custom-built properties, and contemporary Craftsman houses. The town's property values are higher than surrounding areas, reflecting its desirable location and amenities. The Southern Hancock County Community School Corporation serves the area, with highly rated schools such as New Palestine High School, Brandywine Elementary School, and New Palestine Intermediate School. The high school is known for its strong athletics program, drawing students from across Hancock County. Residents enjoy outdoor activities at Sugar Creek Township Park, which features soccer fields, playgrounds, and a disc golf course, as well as walking trails and the Pennsy Trail. Community events like New Pal Summer Fest, Music on Depot, Harvest Fest, and Winter Fest foster a close-knit atmosphere. Dining options include popular spots like Barrel Racing Baristas and the local favorite Frosty Boy, known for its ice cream and fast-food menu. Despite its growth, New Palestine maintains its small-town charm, making it a unique place to live.

Learn more about living in New Palestine

Frequently Asked Questions

How much does it cost to rent a home in New Palestine, IN?
The median rent for a home in New Palestine, IN is $2,252 per month, though prices vary by neighborhood, size, and property type. As of August 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 New Palestine, IN?
To comfortably afford the median rent in New Palestine, IN, a household needs to earn roughly $90,080 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 $2,252 per month in New Palestine, IN, renters typically need to show $6,756 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 New Palestine, IN?
In New Palestine, IN, the price-to-rent ratio is 14.4, 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.
What neighborhoods in New Palestine, IN are best for renting a home?
The best neighborhood for renting in New Palestine, IN depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Far Eastside and Martindale-Brightwood, each with its own character and price range.

Rental Trends in New Palestine, IN

There are currently 1 homes available for rent in New Palestine, IN. The median rent is $2,252 per month, with single-family homes renting at $2,303 and condos at $850.

Rental Home Trends

Number of Homes for Rent
1
Median Rent
$2,252
Median Single Family Home Rent
$2,303
Median Condo Rent
$850
How to Rent a Home

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