Last updated
Average Rent in Gary 46406 & Rent Trends
Rent prices and market trends across 1 apartment community in Gary 46406, Gary, IN. Updated daily.
Market Average
$969/mo
Lowest Available
$950/mo
cheapest unit on market
Communities
1
tracked daily
Units Listed
8
available now
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Gary 46406 vs Gary, IN Average
Gary 46406 is the same price as the Gary, IN average . The citywide average is $969/mo across all neighborhoods.
Is Rent Going Up or Down in Gary 46406?
As of October 2026, the average rent in Gary 46406 is $969 per month across 1 apartment community and 8 available units.
The most affordable option is Concord Commons starting at $950/mo. By unit type, a 2-bedroom averages $969/mo.
Prices range from $950 to $1,000 per month. The most common price point is the $800 range, where 8 units are currently listed.
Rent by Bedroom Type in Gary 46406
Rent Prices by Apartment in Gary 46406
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| Concord Commons | $950/mo | $969/mo | 8 | 3.2 |
Frequently Asked Questions About Rent in Gary 46406
What is the average rent in Gary 46406?
Is rent going up or down in Gary 46406?
What is the cheapest apartment in Gary 46406?
How many apartments are available in Gary 46406?
What salary do I need to live comfortably in Gary 46406?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$39,000/year
Based on the 30 percent rule, using our tracked average rent of $969/mo.
Comfortable income
$47,000/year
Based on the 25 percent rule, leaving more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($950/mo), you need to earn at least $38,000/year.
Median household income in Gary 46406 is $37,380 , about 20% below the comfortable-living threshold.
Cost of living in Gary 46406
Overall prices in Gary 46406 runs above the national average by about 2% (BEA Regional Price Parity index 102.5, where 100 equals the U.S. average). The breakdown below estimates monthly costs for a single adult, using national consumer-spending baselines from the Bureau of Labor Statistics scaled by Gary 46406's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $969 |
| Utilities | $477 |
| Groceries | $563 |
| Transportation | $1,138 |
| Healthcare | $555 |
| Other goods and services | $888 |
| Estimated total | $4,590/mo |
Population
68,604
Median household income
$37,380
Census median rent
$975/mo
Census rent burden
34.8%
Median age
36.4
Mean commute
26 min
Methodology
Rent data
Sourced directly from each tracked apartment community and refreshed every 24 hours. Every listed unit price on this page is real and listed today.
Cost of living
Estimates combine national consumer-spending baselines from the U.S. Bureau of Labor Statistics (Consumer Expenditure Survey) with the U.S. Bureau of Economic Analysis Regional Price Parities (MARPP dataset). Both are peer-reviewed federal data releases published annually.
Salary to live comfortably
Applies the standard 25 to 30 percent rent-to-income rule on top of the listed rent. This is the same affordability guideline used by most landlords and credit-scoring models.
Demographic figures
Median household income, population, median age, commute time, Census median rent, and rent as percentage of income come from the U.S. Census Bureau's American Community Survey 5-year estimates, the most recent complete release.
Cost of living and demographic figures were last published in 2023.
Google Search Trends for Gary 46406 Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Explore Gary 46406 Apartments
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