47203 rental market

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Last updated August 29, 2025

Rental market summary

The average rent for all bedrooms and all property types in 47203 is $1,250.

Average rent

$1,250

Month-over-month change

-$200

Year-over-year change

-$33

Available rentals

13

Source: Zillow Rentals data

Rental price range

The price range for all bedrooms and all property types is $775 to $4,000.

Rent frequencies
Rent priceNumber of rental properties
$8001
$9001
$1,0002
$1,1004
$1,2001
$1,3001
$1,4001
$1,6001
$1,7001
$2,1001
$2,2001
$2,3001
$2,4001
$3,9001
$4,000+1

Average rent price over time

In the last year, rent has decreased by $33 compared to the previous year.

Average rent price over time
Last year (2024)This year (2025)
Jan$1,100$1,364
Feb$1,025$1,395
Mar$1,000$1,279
Apr$1,000$1,820
May$1,275$2,000
Jun$1,200$2,186
Jul$1,250$1,800
Aug$1,500$1,450
Sep$1,286No data
Oct$1,350No data
Nov$1,272No data
Dec$1,275No data

Market temperature

The 47203 rental market temperature is WARM. Market temperature is based on changes in renter demand compared to the national average. For example, a hot market has increasing demand.

warm

Temperature is based on all bedrooms and all property types.

Compare average rent in markets

Rent in 47203 is 40% lower than the national average.

47203vs.

$1,250

$2,100

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Frequently asked questions

1. What is the average rent in 47203?

The average rent in 47203 is $1,250.

2. How much does it cost to rent a house in 47203?

Houses in 47203 rent between $775 - $4,000 with an average rent of $1,250.

3. How has the rent in 47203 changed in the last year?

In the last year, the rent in 47203 decreased by $33

4. How much has the rent in 47203 increased/decreased in the last month?

In the last month, the rent in 47203 decreased by $200

5. How many available rentals are there in 47203?

There are currently 13 rentals available in 47203.

6. How do rent prices in 47203 compare with the national average?

The average rent in 47203 is $1,250 — 40.48% lower the national average of $2,100.