47203 rental market

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Last updated August 20, 2025

Rental market summary

The average rent for all bedrooms and all property types in 47203 is $2,425.

Average rent

$2,425

Month-over-month change

+$1,006

Year-over-year change

+$840

Available rentals

1

Source: Zillow Rentals data

Rental price range

The price range for all bedrooms and all property types is $2,400 to $2,400.

Rent frequencies
Rent priceNumber of rental properties
$2,400+1

Average rent price over time

In the last year, rent has increased by $840 compared to the previous year.

Average rent price over time
Last year (2024)This year (2025)
Jan$1,550$1,512
Feb$1,461$1,537
Mar$1,491$1,651
Apr$1,491$2,650
May$1,607$2,650
Jun$1,661$2,575
Jul$1,585$1,977
Aug$2,195$1,419
Sep$2,000No data
Oct$2,000No data
Nov$1,540No data
Dec$1,519No 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 10% lower than the national average.

47203vs.

$2,425

$2,700

Rent in 47203

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Frequently asked questions

1. What is the average rent in 47203?

The average rent in 47203 is $1,350.

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

Houses in 47203 rent between $775 - $2,500 with an average rent of $1,350.

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

In the last year, the rent in 47203 decreased by $250

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

In the last month, the rent in 47203 decreased by $550

5. How many available rentals are there in 47203?

There are currently 11 rentals available in 47203.

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

The average rent in 47203 is $1,350 — Infinity% higher the national average of $0.