What is the median rent in Albany, IN?
The median gross rent in Albany, IN is $683 (±$307) a month, according to the US Census Bureau’s 2020–2024 American Community Survey.
That is across 217 rented homes; gross rent is the contract rent plus the utilities and fuels a renter pays separately.
In Albany, the median gross rent went from $653 in 2015–2019 to $683 in 2020–2024 (+4.6%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Figures last updated on .
- Median gross rent
- $683 (±$307)
- Rented homes
- 217 (±80)
- $2,000 or more
- 0.0%
- Since 2015–2019
- +4.6%
How much rent costs in Albany
| Monthly gross rent | Albany | Delaware County | Indiana | United States |
|---|---|---|---|---|
| Less than $500 | 29.0% (±17.7 points) | 9.4% | 7.1% | 6.3% |
| $500 to $999 | 36.4% (±16.3 points) | 52.6% | 36.9% | 20.2% |
| $1,000 to $1,499 | 34.6% (±20.3 points) | 30.2% | 38.5% | 28.1% |
| $1,500 to $1,999 | 0.0% (±15.8 points) | 4.8% | 12.0% | 21.1% |
| $2,000 to $2,499 | 0.0% (±15.8 points) | 2.3% | 3.6% | 12.0% |
| $2,500 to $2,999 | 0.0% (±15.8 points) | 0.4% | 1.0% | 5.5% |
| $3,000 or more | 0.0% (±15.8 points) | 0.3% | 0.9% | 6.8% |
The most common range is $500 to $999, paid by 36.4% of renting households.
0.0% of rented homes in Albany cost $2,000 or more a month.
Albany against Delaware County, its state and the nation
| Albany | Delaware County | Indiana | United States | |
|---|---|---|---|---|
| Median gross rent | $683 (±$307) | $906 (±$26) | $1,062 (±$5) | $1,413 |
| Rented homes paying rent | 217 (±80) | 14,608 (±751) | 758,146 (±6,704) | 42,849,984 |
In Albany, median gross rent is not measurably different from Delaware County ($906).
It is also lower than in Indiana ($1,062).
It is lower than the national figure ($1,413).
In Delaware County, Albany ranks 16 of 17 places with a published estimate, from highest to lowest median gross rent.
Statewide, it ranks 1080 of 1,204.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How rent in Albany has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median gross rent | $653 (±$100) | $683 (±$307) | +4.6% | No measurable change after inflation |
| Households that rent | 35.7% (±8.3 points) | 18.4% (±6.2 points) | −17.3 percentage points | Measurable decrease |
| Rental vacancy rate | 14.1% (±11.5 points) | 17.0% (±14.4 points) | +2.9 percentage points | Not a measurable change |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median gross rent in places near Albany
| Place | Distance | Median gross rent | Compared with this place |
|---|---|---|---|
| Albany | — | $683 (±$307) | — |
| Delaware Township (Delaware County) | 3.2 mi | $654 (±$218) | Not measurably different |
| Richland Township (Jay County) | 3.7 mi | $845 (±$76) | Not measurably different |
| Green Township (Randolph County) | 4.6 mi | $1,679 (±$359) | Higher |
| Dunkirk | 4.9 mi | $700 (±$272) | Not measurably different |
| Redkey | 5.1 mi | $905 (±$184) | Not measurably different |
| Eaton | 6.7 mi | $690 (±$47) | Not measurably different |
| Monroe Township (Randolph County) | 7.5 mi | $818 (±$143) | Not measurably different |
| Liberty Township (Delaware County) | 8.1 mi | $863 (±$125) | Not measurably different |
Nearby places with a measurably higher figure: Green Township (Randolph County), IN ($1,679).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median gross rent across Delaware County, place by place
| Rank | Place | Median gross rent |
|---|---|---|
| 10 | Center Township (Delaware County) | $889 (±$24) |
| 11 | Liberty Township (Delaware County) | $863 (±$125) |
| 12 | Gaston | $789 (±$141) |
| 13 | Daleville | $779 (±$276) |
| 14 | Eaton | $690 (±$47) |
| 15 | Union Township (Delaware County) | $688 (±$38) |
| 16 | Albany | $683 (±$307) |
| 17 | Delaware Township (Delaware County) | $654 (±$218) |
Showing 8 of 17 places in Delaware County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Albany
What is the average rent in Albany, IN?
The Census Bureau publishes the median rather than the average: the median gross rent in Albany is $683 (±$307) a month (2020–2024 American Community Survey), so half of renting households pay less and half pay more.
How much has rent gone up in Albany?
In Albany, the median gross rent went from $653 in 2015–2019 to $683 in 2020–2024 (+4.6%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
How many rentals in Albany cost more than $2,000 a month?
0.0% of rented homes in Albany have a gross rent of $2,000 or more a month, and 29.0% cost less than $500.
Is rent in Albany higher than in Delaware County?
In Albany, median gross rent is not measurably different from Delaware County ($906).
It is also lower than in Indiana ($1,062).
It is lower than the national figure ($1,413).
Is this the rent for an apartment listed today?
No: these are rents households reported paying across 2020–2024, not asking rents for vacant homes, which usually run higher.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Albany town, Indiana
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Albany town, Indiana
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Albany town, Indiana
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Albany town, Indiana (place:00802, in state:18).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B25064_001E, B25064_001M, DP04_0047PE, DP04_0047PM, DP04_0005E, DP04_0005M from the 2019 release.
The API needs a free key.
DP04_0134E, DP04_0134M, DP04_0126E, DP04_0126M, DP04_0127PE, DP04_0127PM, DP04_0128PE, DP04_0128PM, DP04_0129PE, DP04_0129PM, DP04_0130PE, DP04_0130PM, DP04_0131PE, DP04_0131PM, DP04_0132PE, DP04_0132PM, DP04_0133PE, DP04_0133PM
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
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- Income and affordability in Albany
- Home values in Albany
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- Bedrooms in Albany
- Age of homes in Albany
- Heating fuel in Albany
- Commute and cars in Albany
- Population growth in Albany
- How long people stay in Albany
- Crowding and facilities in Albany
- Indiana landlord and tenant rules
- Housing across Delaware County
- Indiana places ranked by median rent
- Housing data for every place in Indiana