Rent in Pendleton, IN
A 2-bedroom in Pendleton, IN (ZIP 46064) typically rents for about $1,325 a month, with a range of $1,079–$1,570. Owner-occupied homes in Madison County pay about 0.74% 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 | $1,190 | $1,011–$1,190 | 1 |
| 1 bed | $1,033 | $866–$1,200 | 1 |
| 2 beds | $1,325 | $1,079–$1,570 | 1 |
| 3 beds | $1,745 | $1,439–$2,050 | 1 |
| 4 beds | $2,070 | $1,749–$2,070 | 1 |
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).
Pendleton ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Pendleton, IN?
- About $1,325 a month: the median of the typical rents in 1 ZIP code, which range from $1,079–$1,570. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Pendleton, IN?
- About $1,033 a month: the median of the typical rents in 1 ZIP code, which range from $866–$1,200. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Pendleton, IN?
- About $1,745 a month: the median of the typical rents in 1 ZIP code, which range from $1,439–$2,050. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Pendleton, IN?
- About $1,190 a month: the median of the typical rents in 1 ZIP code, which range from $1,011–$1,190. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Pendleton, IN?
- About $2,070 a month: the median of the typical rents in 1 ZIP code, which range from $1,749–$2,070. Figures are gross rent (rent plus tenant-paid utilities).
- What is the property tax rate in Pendleton, IN?
- Owner-occupied homes in Madison County pay a typical 0.74% 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 Pendleton 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).