States › Indiana › Rensselaer

Is Rensselaer, IN expensive to live in?

OKRent takes 22 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,17433% lower than U.S. average
💵 Families earn per year (2026)$65,067about $5,422/month · 25% lower than U.S. average
🔑 House price$153,80054% lower than U.S. average

Rent is lower than in 78% of U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards.

How much money do I need?

To rent here comfortably, you should earn about $46,960 a year. That is $23 an hour at a full-time job.

Is rent cheaper than other Indiana cities?

Yes. Rent here is cheaper than in most of Indiana. It is number 62 of 132 cities from cheapest to most expensive.

Rensselaer
$1,174
Bright
$961
Cicero
$815
Monticello
$1,207
New Whiteland
$1,620
Hartford City
$1,399
Pendleton
$1,490

How much do households earn in Rensselaer?

Under $25k
13.4%
$25k–50k
31.4%
$50k–100k
40.1%
$100k–150k
9.9%
$150k+
1.6%

Share of households by yearly income. 11.4% of households earn $100,000 or more.

Rent by apartment size in Rensselaer

SizeRensselaerU.S. average
1 bedroom$790$1,324
2 bedrooms$972$1,509
3 bedrooms$1,189$1,698

Median monthly rent plus utilities for all renters, by number of bedrooms.

How expensive is Rensselaer overall?

Everyday prices in Indiana overall are 7% below the U.S. average (index 93.3, U.S. = 100).

Housing
74
Goods (food, clothes…)
96
Utilities
86
Other services
99
U.S. average
100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Rensselaer, so the Indiana figure is shown.

Taxes and bills in Rensselaer

🏛️ Property tax$698a year · 0.45% of home value · U.S. $3,119
⚡ Electric bill$163a month (typical) · U.S. $156

Life in Rensselaer

Commute to work21.3 minU.S.: 26.4 min
College degree18.4%U.S.: 35.7%
Own their home63.4%U.S.: 65.2%
Below poverty line15.3%U.S.: 12.5%
Unemployment5.8%U.S.: 5.2%

Is it cheaper to rent or buy in Rensselaer?

Buying is cheaper month to month: about $107 a month less than renting.

Renting
$1,174
Owning
$1,067

Owning assumes a typical $153,800 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $15,380 for the down payment.

Frequently asked questions

What is the average rent in Rensselaer, IN?

Renting in Rensselaer costs a median of about $1,174 a month in 2026, including utilities. The Indiana median is $1,219.

How much do I need to make to live in Rensselaer?

To keep rent under 30% of income, you need about $46,960 a year, or $23 an hour at a full-time job.

Is Rensselaer cheap or expensive?

Rensselaer is rated OK: rent takes 21.7% of the typical household income of $65,067. It ranks 62nd cheapest of 132 Indiana cities we track.

How much are property taxes in Rensselaer?

The median homeowner in Rensselaer pays $698 a year in property taxes, about 0.45% of the median home value.

Is Rensselaer more expensive than the national average?

Overall prices in Indiana are 7% below the U.S. average, according to the U.S. Bureau of Economic Analysis.

How much does a house cost in Rensselaer?

The median home value in Rensselaer is $153,800, about 2.4 times the typical yearly household income.

5,573 people live in Rensselaer. Numbers are typical (middle) values.