Rent in Montpelier, IN
A 2-bedroom in Montpelier, IN (ZIP 47359) typically rents for about $643 a month, with a range of $643–$1,014. Owner-occupied homes in Blackford County pay about 0.81% of their value a year in property tax, and the 30-year fixed mortgage rate averaged 7.32% in the week of Oct 22, 2026.
Rent by bedrooms
| Size | Typical | Range across ZIPs | ZIPs |
|---|---|---|---|
| Studio | $759 | $759 | 1 |
| 1 bed | $496 | $496–$775 | 1 |
| 2 beds | $643 | $643–$1,014 | 1 |
| 3 beds | $836 | $836–$1,373 | 1 |
| 4 beds | $935 | $935–$1,589 | 1 |
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).
Montpelier ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Montpelier, IN?
- About $643 a month: the median of the typical rents in 1 ZIP code, which range from $643–$1,014. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Montpelier, IN?
- About $496 a month: the median of the typical rents in 1 ZIP code, which range from $496–$775. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Montpelier, IN?
- About $836 a month: the median of the typical rents in 1 ZIP code, which range from $836–$1,373. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Montpelier, IN?
- About $759 a month: the median of the typical rents in 1 ZIP code, which range from $759. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Montpelier, IN?
- About $935 a month: the median of the typical rents in 1 ZIP code, which range from $935–$1,589. Figures are gross rent (rent plus tenant-paid utilities).
- What is the property tax rate in Montpelier, IN?
- Owner-occupied homes in Blackford County pay a typical 0.81% 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 7.32% in the week of Oct 22, 2026 (Freddie Mac PMMS via FRED). It's a national average for owner-occupied loans; investment property loans usually cost more.
- Where do these Montpelier rent figures come from?
- Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).