Apartments in Garyton Portage

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$1,397
2174 Swanson Rd Portage, IN
2 BR | Available Now
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$1,500
5616 Fitz Ave Portage, IN
2 BR | Dec. 1, 2024
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$950
Portage, IN
2 BR | Ask for Availability
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$995
5618-20 Aspen Ave Portage, IN
2 BR | Available Now
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$1,130 - 1,505
5990 Wonderland Dr Portage, IN
1 - 2 BR | Nov. 22, 2024
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$1,350
Hobart, IN
2 BR | Available Now
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  1. Home
  2. Michigan City, IN Area Apartments
  3. Portage
  4. Garyton

Portage:
November Rent Report

Welcome to the November 2024 Portage Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the November 2024 key findings and figures for the Portage rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Portage and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Portage average rent prices in the chart below.

Monthly Rent Report

$1,850
$1,390
$930
$460
$0
Dec. 2023
Jan. 2024
Feb. 2024
Mar. 2024
Apr. 2024
May. 2024
Jun. 2024
Jul. 2024
Aug. 2024
Sep. 2024
Oct. 2024
Nov. 2024
1 BR       2 BR

Portage Rent Prices Increase From October to November

Portage rent prices increased over the last month. From October to November, the city experienced a 0.98% increase for the price of a one-bedroom apartment. The rent price for a Portage one-bedroom apartments currently stands at $1,449.0.

When we take a look at the two-bedroom comparison from October to November, Portage experienced a -0.27% decrease for the price of a two-bedroom apartment. The rent price for a Portage two-bedroom apartments currently stands at $1,482.0.

November Prices: Portage vs. Surrounding Areas

Rent Prices in Portage and Surrounding Areas

Rent prices have increased in Portage over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 0 of the Portage suburbs increased last month. On the other hand, 0 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rents did not increase in any of the Portage suburbs

  • Rents did not decrease in any of the Portage suburbs.

November 2024 Pricing Trends: Portage vs. National Comparisons

New York, NY
San Francisco, CA
Los Angeles, CA
Washington, DC
Chicago, IL
Columbus, OH
Minneapolis, MN
Pittsburgh, PA
$4,211
$3,115
$2,373
$2,354
$1,903
$1,338
$1,246
$1,202
$0
$1,400
$2,800
$4,200
$5,600
Median Rent

Portage Rent Prices More Affordable Than Major Cities

Rent growth in Portage over the past year has been on the rise. When compared to major cities nearby, along with some of the most expensive cities in the country, Portage average rent prices appear to be relatively affordable for local residents.

The price for a Portage one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

For more information about Portage and surrounding area rent prices, take a look at the complete data set below.

Data set for Portage and suburbs

1 BR November 1 BR M/M % Change 2 BR November 2 BR M/M % Change

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.