Rent in Gary, IN
Across Gary's 8 ZIP codes, a 2-bedroom typically rents for about $1,108 a month, with figures from $865–$1,490. The highest typical rent is in 46401 ($1,420) and the lowest in 46407 ($1,009). Owner-occupied homes in Lake County pay about 0.92% of their value a year in property tax, and the 30-year fixed mortgage rate averaged 7.24% in the week of Oct 29, 2026.
Rent by bedrooms
| Size | Typical | Range across ZIPs | ZIPs |
|---|---|---|---|
| Studio | $1,000 | $900–$1,160 | 8 |
| 1 bed | $927 | $433–$1,230 | 8 |
| 2 beds | $1,108 | $865–$1,490 | 8 |
| 3 beds | $1,398 | $1,034–$1,810 | 8 |
| 4 beds | $1,562 | $1,183–$1,980 | 8 |
Typical = median of each ZIP's best guess. Gross rent (rent plus tenant-paid utilities). Sources: HUD Small Area Fair Market Rents (Oct 1, 2026), Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).
Gary ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Gary, IN?
- About $1,108 a month: the median of the typical rents in 8 ZIP codes, which range from $865–$1,490. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Gary, IN?
- About $927 a month: the median of the typical rents in 8 ZIP codes, which range from $433–$1,230. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Gary, IN?
- About $1,398 a month: the median of the typical rents in 8 ZIP codes, which range from $1,034–$1,810. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Gary, IN?
- About $1,000 a month: the median of the typical rents in 8 ZIP codes, which range from $900–$1,160. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Gary, IN?
- About $1,562 a month: the median of the typical rents in 8 ZIP codes, which range from $1,183–$1,980. Figures are gross rent (rent plus tenant-paid utilities).
- Which Gary ZIP code has the highest rent?
- For a 2-bedroom, 46401 has the highest typical rent at $1,420 a month, and 46407 the lowest at $1,009.
- What is the property tax rate in Gary, IN?
- Owner-occupied homes in Lake County pay a typical 0.92% of their value a year (Census ACS, median taxes paid ÷ median home value, Dec 31, 2024). Investors often pay more after a purchase: the home is reassessed at the sale price and there is no homestead exemption.
- What is the current 30-year mortgage rate?
- The 30-year fixed rate averaged 7.24% in the week of Oct 29, 2026 (Freddie Mac PMMS via FRED). It's a national average for owner-occupied loans; investment property loans usually cost more.
- Where do these Gary rent figures come from?
- HUD Small Area Fair Market Rents (Oct 1, 2026), Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).