Near West Side, IN
June 2026
47401,47403,47404
Long-term Rental Rates
Apartment
| Unit Type | Price | 1 Mo Change | 1 Yr Change |
|---|---|---|---|
| 1-Bedroom | $1,101 – $1,193 | 1.50% | 5.39% |
| 2-Bedroom | $1,323 – $1,433 | 6.02% | -1.08% |
| 3-Bedroom | $1,524 – $1,685 | -1.83% | -3.85% |
| 4-Bedroom | $1,986 – $2,195 | -1.18% | 0.64% |
Condo/Townhome
| Unit Type | Price | 1 Mo Change | 1 Yr Change |
|---|---|---|---|
| 1-Bedroom | $1,214 – $1,251 | 1.92% | -0.11% |
| 2-Bedroom | $1,469 – $1,514 | -0.58% | -1.47% |
| 3-Bedroom | $1,608 – $1,690 | -0.09% | -2.13% |
| 4-Bedroom | $2,066 – $2,172 | -0.11% | 1.15% |
Single-Family
| Unit Type | Price | 1 Mo Change | 1 Yr Change |
|---|---|---|---|
| 1-Bedroom | $1,070 – $1,102 | 0.19% | 0.69% |
| 2-Bedroom | $1,326 – $1,427 | 1.06% | 4.72% |
| 3-Bedroom | $1,798 – $1,987 | -1.22% | 0.85% |
| 4-Bedroom | $2,269 – $2,493 | -2.27% | 4.42% |
In the Near West Side (47401, 47403, 47404) rental market, 1-bedroom apartments registered a median rent of $1,020 in April 2026, reflecting a -5.87% year-over-year decline. Despite a 4.80% month-over-month increase, the annual trend highlights softness in this segment for Near West Side (47401, 47403, 47404).
Compared to apartment units in Near West Side (47401, 47403, 47404), 2-bedroom condos posted a median rent of $1,544, up 2.39% year-over-year and 2.37% month-over-month. The growth in this segment contrasts with 2-bedroom apartment rents, which fell -2.79% YoY, underscoring gains for condo properties.
Among all segments, Near West Side (47401, 47403, 47404) rental trends indicate that 4-bedroom single-family homes achieved the highest median rent at $2,478, representing a 6.75% year-over-year increase. This segment exceeded both 4-bedroom condos by $361 and 4-bedroom apartments by $357, reflecting greater rent premiums for larger single-family units.