Pendleton, IN Condos for Rent

/5
$850

Total Monthly Price
- 1 Bed
- 1 Bath
- 650 Sq Ft
- Condo for Rent
123 Franklin St Unit B, Pendleton, IN 46064

123 FRANKLIN ST. #B PENDLETON SEC DEP $850.00 **PENDLETON SCHOOLS!** $850.00 MONTHLY1 BEDROOM, 1 BATHROOM DUPLEX, LOCATED IN PENDLETON. THE UNIT HAS NICE VINYL PLANK FLOORING. THE LIVING ROOM HAS A PICTURE WINDOW AND A LARGE CLOSET. THE KITCHEN INCLUDES A REFRIGERATOR, GAS STOVE, AND A STACKABLE WASHER AND DRYER. THE BEDROOM HAS A “BUILT IN” WINDOW A/C UNIT. BATHROOM WITH TUB

123 Franklin St Unit B, Pendleton, IN 46064
/4
$750

Total Monthly Price
- 1 Bed
- 1 Bath
- 347 Sq Ft
- Condo for Rent
338 S Pendleton Ave Unit C, Pendleton, IN 46064

*BACK TO SCHOOL SPECIAL- 2ND MONTH FREE RENT!****SHARED BALCONY**UPPER 1 BEDROOM APT, OPEN CONCEPT LIVING ROOM - KITCHEN. STOVE AND REFRIGERATOR PLUSWINDOW AC ARE INCLUDED, BATHROOM HAS TUB AND SHOWER COMBO, SHARED LAUNDRY AREA WITH COIN OPERATED WASHER AND DRYER, SHARED UPPER PATIO DECK. WITHIN WALKING DISTANCE FROM DOWNTOWN PENDLETON. TENANT PAYS ELECTRIC ONLY. OWNER PAYS

338 S Pendleton Ave Unit C, Pendleton, IN 46064

Indiana Madison County

Frequently Asked Questions

How much does it cost to rent a condo in Pendleton, IN?

The median rent for a condo in Pendleton, IN is $825 per month, though prices vary by neighborhood, size, and property type. As of August 2026, condos tend to be the most affordable option while townhouses and single-family homes are currently more expensive.

How much do you need to make to afford rent in Pendleton, IN?

To comfortably afford the median rent in Pendleton, IN, a household needs to earn roughly $79,800 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 $1,995 per month in Pendleton, IN, renters typically need to show $5,985 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 Pendleton, IN?

In Pendleton, IN, the price-to-rent ratio is 14.2, 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 Pendleton, IN are best for renting a condo?

The best neighborhood for renting in Pendleton, IN depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a condo include Downtown Carmel, Near Eastside, Mapleton-Fall Creek, East Westfield and Devington, each with its own character and price range.

Condo Rental Trends in Pendleton, IN

There are currently 2 condos available for rent in Pendleton, IN. The median rent is $825 per month, with 1-bedroom condos renting at $825.

Rental Home Trends

Number of Condos for Rent 2	Median Condo Rent $825
Median 1 Bedroom Condo Rent $825

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Rentals in Pendleton

Condos for Rent by Bedrooms in Pendleton

1 Bedroom Condos for Rent in Pendleton

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