The Macy Apartments
200 N Union St,
Kokomo, IN 46901
Studio - 2 Beds | $815 - 2,200
Rental Market Trends in Kokomo, IN
What is the average rent in Kokomo, IN?
$842/month
Average Rent
645 Sq Ft
Average Apartment Size
+3.3%
Increase in the Last Year
As of November 2024, the average rent in Kokomo, IN is $842 per month. This is 46% lower than the national average rent of $1,559/month, making renting in Kokomo more affordable than most cities in the US. When you rent an apartment in Kokomo, you can expect to pay about $706 per month for a studio, $842 for a one-bedroom apartment, and around $1,023 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,218 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Kokomo, IN?
In the past year, rent has increased by 3.3%, which averages out to $28 more per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated November 2024
Legend
2023
2024
Rent Ranges in Kokomo, IN
Last Updated November 2024
$700 - $1,000
Most rental prices fall within this range
Percentage*
Rent Range
15%
Below $700/month
59%
$700 - $1,000/month
23%
$1,001 - $1,500/month
3%
$1,501 - $2,000/month
0%
Above $2,000/month
What salary do I need to live comfortably in Kokomo, IN?
Because the average rent in Kokomo is $842, you’ll want to make about $2,806 per month or $33,672 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does Kokomo, IN compare to other nearby cities and neighborhoods?
Use the tool below to compare Kokomo, IN to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
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Property Management Companies in Kokomo, IN
Birge & Held
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20,711
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Ludwig and Company
-
18
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3,229
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13
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PRE/3
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176
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13,838
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114
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Flaherty & Collins, Inc
-
48
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37
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Methodology
† Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
* Percentages may not total 100 due to rounding.