Study: Noblesville rents rising but still affordable

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This comparison chart from Apartment List shows Noblesville’s rent growth compared to the state and nation. (Image courtesy of Apartment List)

A recent study by Apartment List, an apartment search site, shows Noblesville rents rising in the past year but still being more affordable compared to nearby cities, such as Carmel, Fishers and Zionsville.

Rents in Noblesville are up 6.4 percent from the previous year, the second-fastest growth rate among the nation’s small-sized cities, just behind Odessa, Texas. In comparison, Apartment Lists’ national rent index grew by only 0.9 percent during the past year.

According to the study, since 2014, rents in Noblesville have grown by 7.6 percent, trailing the national average of 13 percent. The median rent for a two-bedroom apartment in Noblesville is $1,019, compared to the national average of $1,174. That rate is $70, $120 and $500 cheaper than Fishers, Carmel and Zionsville, respectively.

To see the full study and methodology, visit apartmentlist.com/in/noblesville#rent-report.


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