What is the median rent in Monroe Township (Madison County), IN?
The median gross rent in Monroe Township (Madison County), IN is $832 (±$77) a month, according to the US Census Bureau’s 2020–2024 American Community Survey.
That is across 1,042 rented homes; gross rent is the contract rent plus the utilities and fuels a renter pays separately.
In Monroe Township (Madison County), the median gross rent went from $784 in 2015–2019 to $832 in 2020–2024 (+6.1%).
Prices (CPI-U) rose 22.7% over the same years, so it rose more slowly than prices: a measurable decrease after inflation.
Figures last updated on .
- Median gross rent
- $832 (±$77)
- Rented homes
- 1,042 (±261)
- $2,000 or more
- 1.0%
- Since 2015–2019
- +6.1%
How much rent costs in Monroe Township (Madison County)
| Monthly gross rent | Monroe Township (Madison County) | Madison County | Indiana | United States |
|---|---|---|---|---|
| Less than $500 | 2.3% (±2.5 points) | 7.8% | 7.1% | 6.3% |
| $500 to $999 | 63.0% (±13.9 points) | 50.1% | 36.9% | 20.2% |
| $1,000 to $1,499 | 32.1% (±14.2 points) | 34.0% | 38.5% | 28.1% |
| $1,500 to $1,999 | 1.7% (±2.7 points) | 5.5% | 12.0% | 21.1% |
| $2,000 to $2,499 | 1.0% (±1.5 points) | 2.0% | 3.6% | 12.0% |
| $2,500 to $2,999 | 0.0% (±3.5 points) | 0.2% | 1.0% | 5.5% |
| $3,000 or more | 0.0% (±3.5 points) | 0.4% | 0.9% | 6.8% |
The most common range is $500 to $999, paid by 63.0% of renting households.
1.0% of rented homes in Monroe Township (Madison County) cost $2,000 or more a month.
Monroe Township (Madison County) against Madison County, its state and the nation
| Monroe Township (Madison County) | Madison County | Indiana | United States | |
|---|---|---|---|---|
| Median gross rent | $832 (±$77) | $939 (±$24) | $1,062 (±$5) | $1,413 |
| Rented homes paying rent | 1,042 (±261) | 14,994 (±731) | 758,146 (±6,704) | 42,849,984 |
In Monroe 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, Monroe Township (Madison County) ranks 18 of 23 places with a published estimate, from highest to lowest median gross rent.
Statewide, it ranks 783 of 1,204.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How rent in Monroe Township (Madison County) has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median gross rent | $784 (±$50) | $832 (±$77) | +6.1% | Down after inflation |
| Households that rent | 26.6% (±4.7 points) | 30.2% (±6.7 points) | +3.6 percentage points | Not a measurable change |
| Rental vacancy rate | 10.8% (±10.2 points) | 0.0% (±3.4 points) | −10.8 percentage points | Measurable decrease |
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 Monroe Township (Madison County)
| Place | Distance | Median gross rent | Compared with this place |
|---|---|---|---|
| Monroe Township (Madison County) | — | $832 (±$77) | — |
| Alexandria | 0.8 mi | $801 (±$80) | Not measurably different |
| Orestes | 3.5 mi | $748 (±$295) | Not measurably different |
| Summitville | 4.9 mi | $760 (±$73) | Not measurably different |
| Van Buren Township (Madison County) | 5.6 mi | $760 (±$73) | Not measurably different |
| Richland Township (Madison County) | 6.0 mi | $2,125 (±$384) | Higher |
| Frankton | 6.8 mi | $1,186 (±$153) | Higher |
| Lafayette Township (Madison County) | 7.2 mi | $748 (±$93) | Not measurably different |
| Pipe Creek Township (Madison County) | 7.6 mi | $879 (±$76) | Not measurably different |
Nearby places with a measurably higher figure: Richland Township (Madison County), IN ($2,125), Frankton, IN ($1,186).
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 |
|---|---|---|
| 12 | Chesterfield | $964 (±$83) |
| 13 | Union Township (Madison County) | $963 (±$65) |
| 14 | Anderson | $925 (±$28) |
| 15 | Anderson Township (Madison County) | $920 (±$24) |
| 16 | Pipe Creek Township (Madison County) | $879 (±$76) |
| 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 12 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 Monroe Township (Madison County)
What is the average rent in Monroe Township (Madison County), IN?
The Census Bureau publishes the median rather than the average: the median gross rent in Monroe Township (Madison County) is $832 (±$77) 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 Monroe Township (Madison County)?
In Monroe Township (Madison County), the median gross rent went from $784 in 2015–2019 to $832 in 2020–2024 (+6.1%).
Prices (CPI-U) rose 22.7% over the same years, so it rose more slowly than prices: a measurable decrease after inflation.
How many rentals in Monroe Township (Madison County) cost more than $2,000 a month?
1.0% of rented homes in Monroe Township (Madison County) have a gross rent of $2,000 or more a month, and 2.3% cost less than $500.
Is rent in Monroe Township (Madison County) higher than in Madison County?
In Monroe 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
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Monroe township, Madison County, Indiana
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Monroe township, Madison County, Indiana
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Monroe township, Madison County, 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 Monroe township, Madison County, Indiana (county subdivision:50382, 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.
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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- Population growth in Monroe Township (Madison County)
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- Crowding and facilities in Monroe Township (Madison County)
- Indiana landlord and tenant rules
- Housing across Madison County
- Indiana places ranked by median rent
- Housing data for every place in Indiana