What is the median rent in Lafayette Township (Madison County), IN?

Name: Median rent in Lafayette Township (Madison County), IN, 2020–2024
Creator: US Census Bureau
License: https://www.census.gov/data/developers/about/terms-of-service.html

The median gross rent in Lafayette Township (Madison County), IN is $748 (±$93) a month, according to the US Census Bureau’s 2020–2024 American Community Survey.

That is across 375 rented homes; gross rent is the contract rent plus the utilities and fuels a renter pays separately.

In Lafayette Township (Madison County), the median gross rent went from $742 in 2015–2019 to $748 in 2020–2024 (+0.8%).

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 November 12, 2026.

Median gross rent: $748 (±$93)
Rented homes: 375 (±132)
$2,000 or more: 0.0%
Since 2015–2019: +0.8%

How much rent costs in Lafayette Township (Madison County)

Share of rented homes in each gross-rent range, 2020–2024
Monthly gross rent	Lafayette Township (Madison County)	Madison County	Indiana	United States
Less than $500	0.0% (±9.5 points)	7.8%	7.1%	6.3%
$500 to $999	71.5% (±21.5 points)	50.1%	36.9%	20.2%
$1,000 to $1,499	28.5% (±21.5 points)	34.0%	38.5%	28.1%
$1,500 to $1,999	0.0% (±9.5 points)	5.5%	12.0%	21.1%
$2,000 to $2,499	0.0% (±9.5 points)	2.0%	3.6%	12.0%
$2,500 to $2,999	0.0% (±9.5 points)	0.2%	1.0%	5.5%
$3,000 or more	0.0% (±9.5 points)	0.4%	0.9%	6.8%

The most common range is $500 to $999, paid by 71.5% of renting households.

0.0% of rented homes in Lafayette Township (Madison County) cost $2,000 or more a month.

Lafayette Township (Madison County) against Madison County, its state and the nation

Estimate (90% margin of error)
	Lafayette Township (Madison County)	Madison County	Indiana	United States
Median gross rent	$748 (±$93)	$939 (±$24)	$1,062 (±$5)	$1,413
Rented homes paying rent	375 (±132)	14,994 (±731)	758,146 (±6,704)	42,849,984

In Lafayette Township (Madison County), median gross rent is lower than in Madison County ($939).

It is also lower than in Indiana ($1,062).

It is lower than the national figure ($1,413).

In Madison County, Lafayette Township (Madison County) ranks 23 of 23 places with a published estimate, from highest to lowest median gross rent.

Statewide, it ranks 974 of 1,204.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

How rent in Lafayette Township (Madison County) has changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
	2015–2019	2020–2024	Amount of change	Verdict
Median gross rent	$742 (±$113)	$748 (±$93)	+0.8%	No measurable change after inflation
Households that rent	29.4% (±5.2 points)	19.8% (±6.3 points)	−9.6 percentage points	Measurable decrease
Rental vacancy rate	7.8% (±8.3 points)	6.6% (±10.7 points)	−1.2 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 Lafayette Township (Madison County)

Nearest places with a published estimate, compared with Lafayette Township (Madison County)
Place	Distance	Median gross rent	Compared with this place
Lafayette Township (Madison County)	—	$748 (±$93)	—
Frankton	3.8 mi	$1,186 (±$153)	Higher
Edgewood	5.1 mi	$1,050 (±$528)	Not measurably different
Richland Township (Madison County)	5.6 mi	$2,125 (±$384)	Higher
Pipe Creek Township (Madison County)	5.9 mi	$879 (±$76)	Higher
Anderson	6.4 mi	$925 (±$28)	Higher
Anderson Township (Madison County)	6.4 mi	$920 (±$24)	Higher
Orestes	6.5 mi	$748 (±$295)	Not measurably different
Alexandria	6.6 mi	$801 (±$80)	Not measurably different

Nearby places with a measurably higher figure: Frankton, IN ($1,186), Richland Township (Madison County), IN ($2,125), Pipe Creek Township (Madison County), IN ($879).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Median gross rent across Madison County, place by place

Rank	Place	Median gross rent
17	Elwood	$860 (±$82)
18	Monroe Township (Madison County)	$832 (±$77)
19	Alexandria	$801 (±$80)
20 (tie)	Summitville	$760 (±$73)
20 (tie)	Van Buren Township (Madison County)	$760 (±$73)
22 (tie)	Orestes	$748 (±$295)
22 (tie)	Lafayette Township (Madison County)	$748 (±$93)

Showing 7 of 23 places in Madison 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 Lafayette Township (Madison County)

What is the average rent in Lafayette Township (Madison County), IN?

The Census Bureau publishes the median rather than the average: the median gross rent in Lafayette Township (Madison County) is $748 (±$93) 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 Lafayette Township (Madison County)?

In Lafayette Township (Madison County), the median gross rent went from $742 in 2015–2019 to $748 in 2020–2024 (+0.8%).

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 Lafayette Township (Madison County) cost more than $2,000 a month?

0.0% of rented homes in Lafayette Township (Madison County) have a gross rent of $2,000 or more a month, and 0.0% cost less than $500.

Is rent in Lafayette Township (Madison County) higher than in Madison County?

In Lafayette Township (Madison County), median gross rent is lower than in Madison County ($939).

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

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 Lafayette township, Madison County, Indiana (county subdivision:40752, in state:18 county:095).

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.

Request a Census API 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.