1

Newest Home for Rent in Selma, IN

Section Image
  • /18

    $765 Per Month

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

    1015 S Pittenger Rd, Selma, IN 47383

    This completely renovated, cozy 2 bedroom and 1 bath part single-family residence are now available for rent in Selma, Indiana. Original hardwood floors in the rooms updated floors in the kitchen, bathroom, and other areas of the unit, fresh paint, and a tranquil neighborhood. The property has a large front and backyard, but no fence. It comes with a refrigerator, stove, and washer/dryer hookups.

    1015 S Pittenger Rd, Selma, IN 47383

Frequently Asked Questions

How much does it cost to rent a home in Selma, IN?
The median rent for a home in Selma, IN is $765 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 Selma, IN?
To comfortably afford the median rent in Selma, IN, a household needs to earn roughly $30,600 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 $765 per month in Selma, IN, renters typically need to show $2,295 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 Selma, IN?
In Selma, IN, the price-to-rent ratio is 19.6, 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 Selma, IN are best for renting a home?
The best neighborhood for renting in Selma, IN depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Industry, Anthony-Northside, Southside, East Central and McKinley, each with its own character and price range.

Rental Home Trends

Number of Homes for Rent
1
Median Rent
$765
Median Single Family Home Rent
$765
How to Rent a Home