Cheap Apartments for Rent in Kokomo, IN
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PET FRIENDLY$699 - $725/mo
Studio-1 Bed
1 Bath1231-1235 West Walnut Street - Kokomo | 1231 W Walnut St #11458350,
Kokomo, IN 46901
PET FRIENDLY- PET FRIENDLY
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APPLY INSTANTLYFURNISHEDROOM FOR RENT
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PET FRIENDLY$750 - $850/moStudio-1 Bed1 BathConcord Square Apartments | 555 Salem Dr #c73a82a71,
Kokomo, IN 46902
NEW - 2 DAYS AGO
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SPECIAL OFFERPET FRIENDLY$780 - $1,000/moStudio-2 Beds1 BathVillas de Fontenelle | 430 W Rainbow Cir #9-915,
Kokomo, IN 46902
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PET FRIENDLYINCOME RESTRICTED
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Average Rent Trends in Kokomo, IN
Rent in Kokomo, IN varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent stayed about the same in May 2026 compared to the previous month. Rent previously peaked in Mar 2025.
| Month | Average rent |
|---|---|
| Jun 2025 | $975 |
| Jul 2025 | $1,000 |
| Aug 2025 | $995 |
| Sep 2025 | $1,000 |
| Oct 2025 | $953 |
| Nov 2025 | $962 |
| Dec 2025 | $1,000 |
| Jan 2026 | $995 |
| Feb 2026 | $1,000 |
| Mar 2026 | $950 |
| Apr 2026 | $950 |
| May 2026 | $956 |
Average Rent By Bedroom and Home Type
In May 2026, Apartments and Condos were the most affordable home type to rent compared with Townhomes and Houses.
| 1 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $775 | $949 | $1,249 | $1,670 | $914 |
| Townhomes | $750 | $1,000 | $975 | — | $1,000 |
| Apartments and Condos | $725 | $875 | $900 | — | $795 |
| Houses | $800 | $950 | $1,400 | $1,670 | $1,100 |
Frequently Asked Questions about Rentals in Kokomo, IN
- What is the average rent of an apartment in Kokomo, IN?The average rent of an apartment in Kokomo, IN is $869 per month. This is about 55% lower than the national average.
- What is the average rent of a house in Kokomo, IN?The average rent of a house in Kokomo, IN is $1,100 per month. This is about 43% lower than the national average.
- What is the average rent of a townhome in Kokomo, IN?The average rent of a townhome in Kokomo, IN is $1,000 per month. This is about 48% lower than the national average.
- When is the average rent cheapest in Kokomo, IN?In the last year, the average rent in Kokomo, IN was lowest in Oct 2025 when it was $953 per month.
- When is the average rent most expensive in Kokomo, IN?In the last year, the average rent in Kokomo, IN was highest in Mar 2025 when it was $1,180 per month.
- How does the rent of a 1 bedroom apartment compare to a studio apartment in Kokomo, IN?The average rent of a 1 bedroom apartment in Kokomo, IN is $775 per month. That is about $25 more than the cost of a studio apartment.
- How many available rental listings are in Kokomo, IN?There are 131 available rental listings in Kokomo, IN.
- What are some neighborhoods in Kokomo, IN?
- What are some zip codes in Kokomo, IN?
- What are some cities near Kokomo, IN?Some nearby cities include: Galveston, Sharpsville, Miami, Bunker Hill, Russiaville. These cities may have more rental options to explore.