Apartments Near Valparaiso University

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$2,000
Valparaiso, IN
4 BR | Available Now
7.4 miles from center of campus
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Valparaiso University

Valparaiso’s median rent is around $839 (based around the average monthly price of a two bedroom), but can swing a few hundred dollars either direction depending on how many beds and baths you require. Valparaiso’s price range is similar to nearby Portage, Chesterton, Hobart, and Crown Point, so if you’re debating whether you should live locally or in one of these neighboring towns then price isn’t an issue. The commute is a larger issue, and the prices that come with filling up your gas tank every week. Cheaper college housing is also available in Valparaiso. The facilities aren’t as nice, but the low costs make up for it. Valparaiso University is 30 miles east of the Illinois state border, 50 miles southeast of Chicago, and just 14 miles south of Lake Michigan. Interstates 80, 90, and 94 run north of the school, and 65 is to the west. US Route 30 provides direct access to the school, and is the road that most off-campus commuters will take to campus for class. However, if you are an on-campus student you will likely not be driving very much; only 46% of students bring their cars on-campus with them.

Valparaiso:
March Rent Report

Welcome to the March 2026 Valparaiso Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the March 2026 key findings and figures for the Valparaiso rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Valparaiso 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 Valparaiso average rent prices in the chart below.

Monthly Rent Report

$1,550
$1,160
$780
$390
$0
Apr. 2025
May. 2025
Jun. 2025
Jul. 2025
Aug. 2025
Sep. 2025
Oct. 2025
Nov. 2025
Dec. 2025
Jan. 2026
Feb. 2026
Mar. 2026
1 BR       2 BR

Valparaiso Rent Prices Decrease From February to March

Valparaiso rent prices decreased over the last month. From February to March, the city experienced a 0% decrease for the price of a one-bedroom apartment. The rent price for a Valparaiso one-bedroom apartments currently stands at $.

When we take a look at the two-bedroom comparison from February to March, Valparaiso experienced a 0% decrease for the price of a two-bedroom apartment. The rent price for a Valparaiso two-bedroom apartments currently stands at $.

March Prices: Valparaiso vs. Surrounding Areas

Rent Prices in Valparaiso and Surrounding Areas

Rent prices have decreased in Valparaiso 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 Valparaiso 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 Valparaiso suburbs

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

March 2026 Pricing Trends: Valparaiso vs. National Comparisons

Valparaiso Rent Prices More Affordable Than Major Cities

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

The price for a Valparaiso 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 Valparaiso and surrounding area rent prices, take a look at the complete data set below.

Data set for Valparaiso and suburbs

1 BR March 1 BR M/M % Change 2 BR March 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.