Gary, Indiana Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Gary, Indiana rental market.
Gary, Indiana
Average Apartment Rent
$990
Y-o-Y Change in Average
Apartment Rent
7%
As of March 2026
Compared to a year ago, Gary, Indiana apartments have recorded a 7% rent increase.
Gary, Indiana Average apartment rent trend
Gary, Indiana Average Apartment Rent
Gary, Indiana Apartment rent ranges
At 58.74%, apartments priced Under $1,000 represent the bulk of Gary, Indiana rentals, while condos priced $1,500 - $2,000 hold the lowest share of the market – 0.42%.
Gary, Indiana Housing tenure**
Renters take up 52% of Gary, Indiana real estate, occupying a total of 14,288 units, while homeowners live in 13,324 properties.
Median number of rooms of renter-occupied housing units**
4.7
Renter median household income**
$28,448
Average household size of renter-occupied housing units**
2.68
Rental vacancy rate**
7.3%
Gary, Indiana Renter-occupied housing units by no. of bedrooms**
There are 5,995 rentals in Gary, Indiana with 2 beds making up the highest share of the market, at 42%. Units with No bedrooms, on the other hand, hold the lowest percentage (1%), amounting to 213 units. Overall, the median number of rooms in Gary, Indiana homes for rent is 4.7.
Gary, Indiana Renter-occupied units by age of householder**
Most condos for rent in Gary, Indiana are occupied by residents in the 35 - 44 years age group (25%), followed by those in the 25 - 34 years age group (23%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 1%.
Gary, Indiana Renter-occupied housing units by family type**
Gary, Indiana Renter-occupied housing units by the presence of own children**
A total of 8,529 apartments for rent in Gary, Indiana, or 60% of all rentals are family households. Additionally, 43% of rental homes include children under the age of 18 – that’s 6,190 units. All in all, the median size of a renter-occupied household in Gary, Indiana is 2.68.
Gary, Indiana Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 8% of the rental market. In contrast, residents with less than a high school degree reside in 15% of the homes for rent in Gary, Indiana.
Gary, Indiana Renter-occupied units by year structure built**
The highest share of Gary, Indiana apartment rentals, namely 19% or 2,656 units, were Built 1939 or earlier, followed by those Built 1970 - 1979 (18%, 2,636 units), and the ones Built 1950 - 1959 (16%, 2,311 units).
Gary, Indiana Renter-occupied units by year householder moved in**
Median year renter moved into unit 2016
Most Gary, Indiana renters (40%) moved in 2010 to 2017, while only 3% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Gary, Indiana condos for rent is 2016.
Gary, Indiana Renter-occupied housing units by vehicles available**
When it comes to transportation options, 52% of Gary, Indiana renters have 1 vehicle available per household, 24% of them have No vehicle available, and 18% have 2 vehicles available.
Gary, Indiana Means of transportation to work of householders living in renter-occupied housing units**
Gary, Indiana Geographical mobility in the past year for householders living in renter-occupied housing units**
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Gary, Indiana apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
