Kokomo, IN Rent Report
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Kokomo’s metro rental market offers a diverse blend of apartments and single‑family homes, catering to students, professionals, and growing families alike. Prospective renters will find a solid selection of studio and one‑bedroom apartments near downtown, where historic Brick Street and the vibrant City Line district provide easy access to coffee shops, boutiques, and cultural venues such as the Kokomo Museum of Art. For those seeking more space, two‑ and three‑bedroom apartments are plentiful in neighborhoods like Jefferson Subdivision and the River Valley area, while larger homes with four or more bedrooms are a hallmark of the tranquil, tree‑lined streets surrounding the University of Indianapolis campus and the historic Lake Harry community.
Rental rates across Kokomo generally fall in the $700–$2,200 range, reflecting the city’s affordable cost of living and strong demand for quality housing. Studios and one‑bedroom units typically sit in the high $700s to low $900s, making them ideal for students from Earlham College or young professionals working at the nearby manufacturing hubs. Two‑ and three‑bedroom apartments and homes often range from the $1,000‑$1,500 bracket, providing ample space for small families or roommates. Larger four‑plus bedroom houses, frequently found in the sought‑after Westside and Oak Ridge neighborhoods, command premium rates in the $2,000‑plus segment, offering extensive living areas, modern updates, and proximity to parks such as Billington Park and the Kokomo Reservoir.
Beyond affordability, Kokomo’s rental market benefits from a stable employment base, excellent schools, and a strong sense of community. Residents enjoy convenient access to major roadways like US‑31 and I‑69, as well as a growing downtown revitalization effort that brings new dining, entertainment, and recreational options to the area. Whether you’re looking for a compact studio near the campus or a spacious family home in a quiet suburb, Kokomo’s rental inventory provides flexible, well‑maintained options that match the city’s welcoming Midwestern character.
Kokomo, IN Rent by Property Type & Bedroom Count
Averages, medians, and ranges across recent rental listings
| Property Type | Bedrooms | Average | Median | Min – Max | 25th – 75th |
|---|---|---|---|---|---|
| Apartment | Studio | $765 | $699 | $685 – $1,000 | $695 – $750 |
| Apartment | 1 Bedroom | $840 | $829 | $595 – $1,380 | $725 – $900 |
| Apartment | 2 Bedroom | $1,017 | $945 | $600 – $2,400 | $840 – $1,150 |
| Apartment | 3 Bedroom | $1,193 | $1,131 | $825 – $1,579 | $1,050 – $1,350 |
| Apartment | 4+ Bedroom | $2,534 | $2,960 | $560 – $4,900 | $850 – $3,400 |
| House | 1 Bedroom | $674 | $700 | $550 – $775 | $599 – $725 |
| House | 2 Bedroom | $1,030 | $975 | $500 – $2,500 | $900 – $1,100 |
| House | 3 Bedroom | $1,382 | $1,300 | $795 – $3,200 | $1,150 – $1,500 |
| House | 4+ Bedroom | $2,314 | $1,900 | $1,300 – $6,500 | $1,495 – $2,250 |
Current rent in Kokomo, IN (all property types): Studio $747, 1 Bedroom $813, 2 Bedroom $1,026, 3 Bedroom $1,367, 4+ Bedroom $2,344.
About this data
Rent statistics, listings analysis, and visualizations on this page are produced by Rentometer, Inc.
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