Rent in Valparaiso, IN
Across Valparaiso's 3 ZIP codes, a 2-bedroom typically rents for about $1,420 a month, with figures from $1,238–$1,590. The highest typical rent is in 46384 ($1,480) and the lowest in 46383 ($1,354). Owner-occupied homes in Porter County pay about 0.83% 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 | $1,160 | $928–$1,240 | 3 |
| 1 bed | $1,180 | $848–$1,310 | 3 |
| 2 beds | $1,420 | $1,238–$1,590 | 3 |
| 3 beds | $1,713 | $1,486–$1,940 | 3 |
| 4 beds | $2,034 | $1,898–$2,117 | 3 |
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).
Valparaiso ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Valparaiso, IN?
- About $1,420 a month: the median of the typical rents in 3 ZIP codes, which range from $1,238–$1,590. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Valparaiso, IN?
- About $1,180 a month: the median of the typical rents in 3 ZIP codes, which range from $848–$1,310. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Valparaiso, IN?
- About $1,713 a month: the median of the typical rents in 3 ZIP codes, which range from $1,486–$1,940. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Valparaiso, IN?
- About $1,160 a month: the median of the typical rents in 3 ZIP codes, which range from $928–$1,240. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Valparaiso, IN?
- About $2,034 a month: the median of the typical rents in 3 ZIP codes, which range from $1,898–$2,117. Figures are gross rent (rent plus tenant-paid utilities).
- Which Valparaiso ZIP code has the highest rent?
- For a 2-bedroom, 46384 has the highest typical rent at $1,480 a month, and 46383 the lowest at $1,354.
- What is the property tax rate in Valparaiso, IN?
- Owner-occupied homes in Porter County pay a typical 0.83% 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 Valparaiso 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).