Indiana Rental Market Report: July 2025

The Indiana rental market in July 2025 is showing signs of both resilience and transformation. With summer in full swing, many families and professionals are on the move, seeking new housing before the school year begins. This seasonal demand continues to push vacancy rates down in desirable neighborhoods across the state.

According to recent data from the Indiana Housing Dashboard, average rental prices have remained relatively stable month-over-month, though certain cities—like Indianapolis, Bloomington, and Fort Wayne—have seen modest increases. In suburban and rural areas, demand for well-maintained single-family rentals and duplexes continues to grow.

What Renters Are Looking For

• Homes with dedicated outdoor space (yards, patios)
• Proximity to schools and healthcare
• In-unit laundry or hookups
• Air conditioning and modern appliances
• Pet-friendly lease terms

Tenants are increasingly prioritizing quality of life over square footage. Walkability, safety, and responsive management are ranking higher than ever in renter surveys.

Tips for Renters This Month

1. Act quickly: Inventory is limited in many areas, especially for 3-bedroom units under $1,600/month.
2. Have documents ready: Proof of income, rental history, and references are commonly requested during application.
3. Join waitlists: Many landlords are operating with full units and notify waitlist applicants first.
4. Check for included utilities: With rising energy prices, rentals that include trash or sewer removal offer added value.

At Five Twelve Real Estate and Indiana House Rentals, we’re committed to keeping our communities informed and prepared. If you’re actively searching, keep an eye on our listings—new properties are added regularly and our waitlist gets first dibs.