Last updated
Average Rent in Kokomo, IN & Rent Trends
Rent prices and market trends across 2 apartment communities in Kokomo, IN. Updated daily.
Market Average
$1,226/mo
Lowest Available
$1,002/mo
cheapest unit on market
Communities
2
tracked daily
Units Listed
3
available now
Rent Watch: cuts and increases
Open Rent Watch →See current options while we confirm new price comparisons. Filter by bedrooms and budget, then inspect each building’s history.
Rent by Neighborhood in Kokomo, IN
Compare average rent across Kokomo, IN neighborhoods. Click any area to see detailed trends.
| Neighborhood | Avg Rent | 30d Change | From | Properties | Units |
|---|---|---|---|---|---|
| Kokomo 46901 | $1,239 | ▲ $31 | $886 | 3 | 26 |
| Kokomo 46902 | $1,024 | ▼ $16 | $845 | 6 | 27 |
Is Rent Going Up or Down in Kokomo, IN?
As of October 2026, the average rent in Kokomo, IN is $1,226 per month across 2 apartment communities and 3 available units.
The most affordable option is Apperson Way Apartments starting at $1,002/mo. By unit type, a 3-bedroom averages $1,226/mo.
Prices range from $1,002 to $1,450 per month. The most common price point is the $1,000 range, where 1 units are currently listed.
Rent Price Distribution
Rent by Bedroom Type in Kokomo, IN
Rent Prices by Apartment in Kokomo, IN
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| Apperson Way Apartments | $1,002/mo | $1,115/mo | 2 | 3.7 |
| Walnut Creek Apartments | $1,450/mo | $1,450/mo | 1 | 4.4 |
Frequently Asked Questions About Rent in Kokomo, IN
What is the average rent in Kokomo, IN?
Is rent going up or down in Kokomo, IN?
What is the cheapest apartment in Kokomo, IN?
How many apartments are available in Kokomo, IN?
What salary do I need to live comfortably in Kokomo, IN?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$49,000/year
Based on the 30 percent rule, using our tracked average rent of $1,226/mo.
Comfortable income
$59,000/year
Based on the 25 percent rule, leaving more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($1,002/mo), you need to earn at least $40,000/year.
Median household income in Kokomo, IN is $54,195 , about 8% below the comfortable-living threshold.
Cost of living in Kokomo, IN
Overall prices in Kokomo, IN runs below the national average by about 10% (BEA Regional Price Parity index 89.6, 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 Kokomo, IN's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $1,226 |
| Utilities | $266 |
| Groceries | $512 |
| Transportation | $633 |
| Healthcare | $309 |
| Other goods and services | $494 |
| Estimated total | $3,440/mo |
Population
59,375
Median household income
$54,195
Census median rent
$917/mo
Census rent burden
30.7%
Median age
39.8
Mean commute
19 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 Kokomo, IN Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Explore Kokomo, IN Apartments
Browse all 2 communities with daily-updated pricing and availability.