Houses For Rent In Indiana Craigslist (2024)

FAQs

What is needed to rent a house in Indiana? ›

Rental Application Procedures

Once a suitable rental has been identified, prospective tenants will need to undergo a rental application process. This typically requires providing proof of income, consent to a background check, and references. Many Indiana landlords also require a rental application fee.

Renter Fraction in Indiana

In 2019 30.69% of households were renters according to Census ACS data.

Landlords typically look for a credit score of 620 or higher. A higher credit score may increase your chances of getting approved and may result in better rental terms. Other factors like income, rental history, and employment stability also play a role in the approval process.

Unlike some other states, Indiana does not have any statewide restrictions on how much a landlord can raise the rent. Landlords have free rein to raise rents to market rates when a lease term ends or with proper notice during a monthly tenancy.

Typically, in a residential single family zone the maximum allowable occupancy is 1) a single family or 2) three adults. In a residential, multi-dwelling zone up to five adults may be allowed to live in the same unit.

Renters make up a much larger share of households in California (44%) than in the rest of the US (35%)—or in any state other than New York (46%), according to the US Census. This pattern predates the current surge in housing prices and has proved remarkably consistent over the last six decades.

California was the state with the highest share of renter households in the United States in 2022. About 30 percent of the households lived in rental accommodation in that year.

In Indiana, landlords are generally not required to obtain a license statewide. However, some cities and counties have their own licensing requirements. For example, landlords in Indianapolis must obtain a landlord registration and inspection program permit.

Most landlords require the renter to pay a security deposit at the beginning of the rental agreement.

Credit Score Requirement: To secure better interest rates, aim for a credit score of 670 or higher. The average credit score required in Indiana is 704. Down Payment and Closing Cost Requirement: Allocate 20% of the home's sale price towards a down payment, and budget 2% to 5% for closing costs.

What can't a landlord do in Indiana? ›

When Indiana landlords and tenants enter into a lease (usually for one year), the landlord cannot raise the rent or change the lease in any way during the term of the lease unless otherwise stated in the lease or agreed to in a writing signed by the landlord and tenant.