Rent in Kokomo, IN
Across Kokomo's 4 ZIP codes, a 2-bedroom typically rents for about $1,073 a month, with figures from $868–$1,179. The highest typical rent is in 46904 ($1,179) and the lowest in 46901 ($868). 2 ZIPs have ZIP-level figures from HUD or Census; the other 2 use the county Fair Market Rent. Owner-occupied homes in Howard County pay about 0.72% 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 | $900 | $879–$909 | 4 |
| 1 bed | $840 | $657–$915 | 4 |
| 2 beds | $1,073 | $868–$1,179 | 4 |
| 3 beds | $1,247 | $1,022–$1,420 | 4 |
| 4 beds | $1,451 | $1,106–$1,636 | 4 |
Typical = median of each ZIP's best guess. Gross rent (rent plus tenant-paid utilities). Sources: Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).
Kokomo ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Kokomo, IN?
- About $1,073 a month: the median of the typical rents in 4 ZIP codes, which range from $868–$1,179. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Kokomo, IN?
- About $840 a month: the median of the typical rents in 4 ZIP codes, which range from $657–$915. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Kokomo, IN?
- About $1,247 a month: the median of the typical rents in 4 ZIP codes, which range from $1,022–$1,420. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Kokomo, IN?
- About $900 a month: the median of the typical rents in 4 ZIP codes, which range from $879–$909. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Kokomo, IN?
- About $1,451 a month: the median of the typical rents in 4 ZIP codes, which range from $1,106–$1,636. Figures are gross rent (rent plus tenant-paid utilities).
- Which Kokomo ZIP code has the highest rent?
- For a 2-bedroom, 46904 has the highest typical rent at $1,179 a month, and 46901 the lowest at $868.
- What is the property tax rate in Kokomo, IN?
- Owner-occupied homes in Howard County pay a typical 0.72% 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 Kokomo rent figures come from?
- Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).