Rentometer, Inc. | Data as of 10/23/2025
Valparaiso, Indiana offers a diverse rental landscape that caters to students, young professionals, and growing families alike. Its vibrant downtown core, historic districts, and close proximity to the IndianaâMichigan border make it a soughtâafter location for both apartments and singleâfamily homes. Residents enjoy easy access to Valparaiso University, scenic waterfront parks along the Kankakee River, and a variety of cultural attractions such as the historic Broadway district and local art venues. The cityâs walkable neighborhoods, like the bustling Eastedge and the familyâfriendly south side, provide convenient options for dining, shopping, and outdoor recreation, enhancing the overall appeal for renters seeking a balanced lifestyle.
The rental market reflects this variety, with studio apartments typically sitting in the $900s and oneâbedroom units often falling in the $1,300â$1,500 range. Twoâ and threeâbedroom apartments tend to be priced in the $1,500â$2,100 bracket, while larger family homes commonly range from the $1,900 to the $2,600 bracket. Whether youâre looking for a modern apartment near campus or a spacious house in a quiet suburb, Valparaisoâs rental options provide flexibility and comfort. Keywords such as âValparaiso rentals,â âValparaiso Indiana apartments,â and âValparaiso housing marketâ capture the cityâs dynamic rental environment, helping prospective tenants find the perfect home in this welcoming Midwestern community.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | Studio | $915 | $870 | $825 - $1,050 | $825 - $1,050 |
| Apartment | 1 Bedroom | $1,416 | $1,350 | $1,002 - $1,946 | $1,225 - $1,601 |
| Apartment | 2 Bedroom | $1,585 | $1,535 | $1,126 - $2,508 | $1,425 - $1,700 |
| Apartment | 3 Bedroom | $2,095 | $2,069 | $1,475 - $2,602 | $1,795 - $2,501 |
| House | 2 Bedroom | $1,910 | $1,787 | $1,375 - $2,950 | $1,500 - $2,295 |
| House | 3 Bedroom | $2,302 | $2,200 | $1,500 - $3,650 | $1,800 - $2,600 |
| House | 4+ Bedroom | $2,570 | $2,450 | $1,925 - $3,300 | $2,000 - $3,100 |
In the current period, the average rent in Valparaiso was $915 for Studio, $1,391 for 1 Bedroom, $1,680 for 2 Bedroom, $2,243 for 3 Bedroom, and $2,628 for 4+ Bedroom.
Data provided by Rentometer, Inc.