Redwood Merrillville
8413 Jennings Pl,
Merrillville, IN 46410
2 Beds | $2,299 - $3,155
Rental Market Trends in Merrillville, IN
What is the average rent in Merrillville, IN?
$1,275/month
Average Rent
771 Sq Ft
Average Apartment Size
+4.5%
Increase in the Last Year
As of January 2025, the average rent in Merrillville, IN is $1,275 per month. This is 18% lower than the national average rent of $1,553/month, making renting in Merrillville more affordable than most cities in the US. When you rent an apartment in Merrillville, you can expect to pay about $838 per month for a studio, $1,275 for a one-bedroom apartment, and around $1,510 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,993 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 Merrillville, IN?
In the past year, rent has increased by 4.5%, which averages out to $58 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 January 2025
Legend
2024
2025
Rent Ranges in Merrillville, IN
Last Updated January 2025
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
24%
$700 - $1,000/month
47%
$1,001 - $1,500/month
24%
$1,501 - $2,000/month
6%
Above $2,000/month
What salary do I need to live comfortably in Merrillville, IN?
Because the average rent in Merrillville is $1,275, you’ll want to make about $4,250 per month or $51,000 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 Merrillville, IN compare to other nearby cities and neighborhoods?
Use the tool below to compare Merrillville, 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.
Nearby City Rent Trends
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Dynasty Properties
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Woodlake Properties
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Equity Property Management, LLC
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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.