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Indianapolis Rent Soars, Wages Lag | Indianapolis News
Description
Rent in Indianapolis is skyrocketing—averaging $1,494 a month, up nearly 48% since 2019—with other Indiana cities like South Bend seeing even steeper jumps. Meanwhile, wages aren’t keeping up: you’d need to earn nearly $25/hour to afford a decent two-bedroom, but most renters make under $22/hour. For those with the lowest incomes, the crisis is worse—there are only 26 affordable units for every 100 struggling households. Housing costs are reshaping budgets across the state.
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