Cheapest rent-to-own markets in Indiana.
Rent-to-own works best where monthly carrying costs are reachable on a typical household income. This ranks Indiana by estimated monthly payment on a median-priced home with a 10% option fee.
Last updated
Indiana ranking
50 cities ranked. Click any row for the matching local page.
| # | City | Est. monthly payment | Score | |
|---|---|---|---|---|
| 1 | Zionsville | $3,080/mo | 35 | View → |
| 2 | Carmel | $2,960/mo | 38 | View → |
| 3 | Granger | $2,663/mo | 47 | View → |
| 4 | Westfield | $2,647/mo | 47 | View → |
| 5 | Fishers | $2,591/mo | 49 | View → |
| 6 | Mc Cordsville | $2,526/mo | 51 | View → |
| 7 | Brownsburg | $2,494/mo | 52 | View → |
| 8 | Avon | $2,470/mo | 52 | View → |
| 9 | Newburgh | $2,462/mo | 53 | View → |
| 10 | Saint John | $2,430/mo | 53 | View → |
| 11 | Floyds Knobs | $2,366/mo | 55 | View → |
| 12 | Noblesville | $2,334/mo | 56 | View → |
| 13 | Dyer | $2,326/mo | 56 | View → |
| 14 | Greenwood | $2,294/mo | 57 | View → |
| 15 | Crown Point | $2,294/mo | 57 | View → |
| 16 | Munster | $2,318/mo | 57 | View → |
| 17 | Fortville | $2,302/mo | 57 | View → |
| 18 | Schererville | $2,238/mo | 59 | View → |
| 19 | Chesterton | $2,158/mo | 61 | View → |
| 20 | New Palestine | $2,158/mo | 61 | View → |
| 21 | Valparaiso | $2,141/mo | 62 | View → |
| 22 | Indianapolis | $2,085/mo | 63 | View → |
| 23 | Georgetown | $2,085/mo | 63 | View → |
| 24 | Plainfield | $2,069/mo | 64 | View → |
| 25 | Lawrenceburg | $2,021/mo | 65 | View → |
| 26 | Columbus | $2,005/mo | 66 | View → |
| 27 | Batesville | $1,989/mo | 66 | View → |
| 28 | Greenfield | $1,957/mo | 67 | View → |
| 29 | Pendleton | $1,949/mo | 67 | View → |
| 30 | Danville | $1,949/mo | 67 | View → |
| 31 | Mount Vernon | $1,941/mo | 67 | View → |
| 32 | Westville | $1,933/mo | 68 | View → |
| 33 | Syracuse | $1,917/mo | 68 | View → |
| 34 | Fort Wayne | $1,869/mo | 69 | View → |
| 35 | Sellersburg | $1,893/mo | 69 | View → |
| 36 | Mooresville | $1,845/mo | 70 | View → |
| 37 | Lowell | $1,861/mo | 70 | View → |
| 38 | Middlebury | $1,845/mo | 70 | View → |
| 39 | Warsaw | $1,805/mo | 71 | View → |
| 40 | Franklin | $1,821/mo | 71 | View → |
| 41 | Martinsville | $1,813/mo | 71 | View → |
| 42 | Highland | $1,805/mo | 71 | View → |
| 43 | Portage | $1,765/mo | 72 | View → |
| 44 | Jasper | $1,773/mo | 72 | View → |
| 45 | Demotte | $1,789/mo | 72 | View → |
| 46 | Bristol | $1,765/mo | 72 | View → |
| 47 | Evansville | $1,748/mo | 73 | View → |
| 48 | West Lafayette | $1,740/mo | 73 | View → |
| 49 | Goshen | $1,732/mo | 73 | View → |
| 50 | La Porte | $1,748/mo | 73 | View → |
Methodology
Estimated monthly payment = (median home price × 0.9) amortized at 8% over 30 years + 1.2% taxes + 0.5% insurance, divided by 12. Lower payment = better rent-to-own market.
FAQ
- What makes a Indiana rent-to-own market 'cheap'?
- Low estimated monthly payment relative to local incomes. Sub-$1,500/month markets are the most accessible.
- Are option fees included?
- We assume 10% option fee credited toward purchase; the monthly payment estimate excludes that up-front amount.
- Does this guarantee a home at this price?
- No. Listings vary; this is a market-level estimate to compare cities side-by-side.
Other reports for Indiana
Best Cities for Owner Financing
Cities With Most FSBO Activity
Investor Competition by Market
Estimated Owner-Finance Down Payment by City
Cities With Most Cash Buyers
Foreclosure Risk by City
Most Affordable Cities for Buyers
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