What is the median rent in Albion, IN?
The median gross rent in Albion, IN is $962 (±$164) a month, according to the US Census Bureau’s 2020–2024 American Community Survey.
That is across 275 rented homes; gross rent is the contract rent plus the utilities and fuels a renter pays separately.
In Albion, the median gross rent went from $721 in 2015–2019 to $962 in 2020–2024 (+33.4%).
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
- $962 (±$164)
- Rented homes
- 275 (±102)
- $2,000 or more
- 0.0%
- Since 2015–2019
- +33.4%
How much rent costs in Albion
| Monthly gross rent | Albion | Noble County | Indiana | United States |
|---|---|---|---|---|
| Less than $500 | 6.5% (±7.4 points) | 10.4% | 7.1% | 6.3% |
| $500 to $999 | 46.9% (±19.6 points) | 61.2% | 36.9% | 20.2% |
| $1,000 to $1,499 | 46.5% (±19.7 points) | 26.7% | 38.5% | 28.1% |
| $1,500 to $1,999 | 0.0% (±12.7 points) | 1.4% | 12.0% | 21.1% |
| $2,000 to $2,499 | 0.0% (±12.7 points) | 0.0% | 3.6% | 12.0% |
| $2,500 to $2,999 | 0.0% (±12.7 points) | 0.0% | 1.0% | 5.5% |
| $3,000 or more | 0.0% (±12.7 points) | 0.3% | 0.9% | 6.8% |
The most common range is $500 to $999, paid by 46.9% of renting households.
0.0% of rented homes in Albion cost $2,000 or more a month.
Albion against Noble County, its state and the nation
| Albion | Noble County | Indiana | United States | |
|---|---|---|---|---|
| Median gross rent | $962 (±$164) | $832 (±$32) | $1,062 (±$5) | $1,413 |
| Rented homes paying rent | 275 (±102) | 3,799 (±447) | 758,146 (±6,704) | 42,849,984 |
In Albion, median gross rent is not measurably different from Noble County ($832).
It is not measurably different from Indiana ($1,062).
It is lower than the national figure ($1,413).
In Noble County, Albion ranks 1 of 15 places with a published estimate, from highest to lowest median gross rent.
Statewide, it ranks 430 of 1,204.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How rent in Albion has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median gross rent | $721 (±$30) | $962 (±$164) | +33.4% | No measurable change after inflation |
| Households that rent | 49.9% (±7.5 points) | 31.8% (±9.7 points) | −18.1 percentage points | Measurable decrease |
| Rental vacancy rate | 3.7% (±6.0 points) | 8.8% (±9.2 points) | +5.1 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 Albion
| Place | Distance | Median gross rent | Compared with this place |
|---|---|---|---|
| Albion | — | $962 (±$164) | — |
| Albion Township | 0.3 mi | $962 (±$164) | Not measurably different |
| Jefferson Township (Noble County) | 3.2 mi | $571 (±$209) | Lower |
| Orange Township (Noble County) | 6.7 mi | $894 (±$50) | Not measurably different |
| Green Township (Noble County) | 7.0 mi | $816 (±$237) | Not measurably different |
| Rome City | 7.1 mi | $869 (±$70) | Not measurably different |
| Noble Township (Noble County) | 7.1 mi | $571 (±$59) | Lower |
| Allen Township (Noble County) | 8.3 mi | $766 (±$76) | Lower |
| Kendallville | 8.9 mi | $821 (±$98) | Not measurably different |
Nearby places with a measurably lower figure: Jefferson Township (Noble County), IN ($571), Noble Township (Noble County), IN ($571), Allen Township (Noble County), IN ($766).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median gross rent across Noble County, place by place
| Rank | Place | Median gross rent |
|---|---|---|
| 1 (tie) | Albion | $962 (±$164) |
| 1 (tie) | Albion Township | $962 (±$164) |
| 3 | Cromwell | $938 (±$264) |
| 4 (tie) | Orange Township (Noble County) | $894 (±$50) |
| 4 (tie) | Sparta Township (Noble County) | $894 (±$167) |
| 6 | Rome City | $869 (±$70) |
| 7 | Perry Township (Noble County) | $860 (±$45) |
Showing 7 of 15 places in Noble 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 Albion
What is the average rent in Albion, IN?
The Census Bureau publishes the median rather than the average: the median gross rent in Albion is $962 (±$164) 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 Albion?
In Albion, the median gross rent went from $721 in 2015–2019 to $962 in 2020–2024 (+33.4%).
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 Albion cost more than $2,000 a month?
0.0% of rented homes in Albion have a gross rent of $2,000 or more a month, and 6.5% cost less than $500.
Is rent in Albion higher than in Noble County?
In Albion, median gross rent is not measurably different from Noble County ($832).
It is not measurably different from 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 — Albion town, Indiana
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Albion town, Indiana
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Albion 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 Albion town, Indiana (place:00820, 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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- Bedrooms in Albion
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- Heating fuel in Albion
- Commute and cars in Albion
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- Population growth in Albion
- How long people stay in Albion
- Indiana landlord and tenant rules
- Housing across Noble County
- Indiana places ranked by median rent
- Housing data for every place in Indiana