Rentometer, Inc. | Data as of 12/04/2025
Lake Station, Indiana, offers a welcoming blend of small‑city charm and convenient access to the greater Chicago metropolitan area. Nestled along the scenic shores of Lake Michigan, the city benefits from beautiful waterfront parks, a historic downtown district, and easy connections to major highways and public transit. Residents enjoy cultural attractions such as the Lake Station Arts Center, local breweries, and a variety of seasonal festivals that foster a tight‑knit community atmosphere.
The rental market in Lake Station is dominated by single‑family homes, reflecting the area’s family‑oriented character. Two‑bedroom houses generally rent in the $1,300 range, with the median hovering around the same figure, while three‑bedroom homes typically command rates near the $1,500 range. These price points make the city an attractive option for both young professionals seeking a peaceful retreat and growing families looking for spacious, affordable accommodations. The abundance of well‑maintained homes provides renters with a variety of layouts and yard spaces, enhancing the appeal of suburban living.
Popular neighborhoods such as Oak Lake and Riverside Park offer tree‑lined streets, proximity to quality schools, and easy access to shopping, dining, and recreational facilities. Outdoor enthusiasts appreciate the nearby Lake Michigan shoreline and extensive trail networks, while commuters benefit from straightforward routes to nearby employment hubs. With its blend of affordable housing, convenient amenities, and vibrant community life, Lake Station remains a compelling choice for renters seeking a balanced and welcoming Indiana lifestyle.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| House | 2 Bedroom | $1,385 | $1,305 | $1,150 - $2,000 | $1,200 - $1,350 |
| House | 3 Bedroom | $1,448 | $1,447 | $1,250 - $1,600 | $1,395 - $1,550 |
In the current period, the average rent in Lake Station was
$1,385 for 2 Bedroom, and
$1,448 for 3 Bedroom.
Note: This analysis includes only bedroom types with sufficient data.
Data provided by Rentometer, Inc.