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New Richmond · Indiana

New Richmond, IN Landlord Laws 2026

Every housing law that applies to New Richmond landlords — security deposits, eviction rules, rent increases, and more. Updated for 2026.

Based on Indiana state law.

New Richmond Rental Market in 2026

$966

median 2BR rent

314

population

$1,932

max security deposit

New Richmond landlords must comply with Indiana state landlord-tenant laws. At a median 2-bedroom rent of $966/month, understanding deposit caps, notice periods, and eviction rules can save you thousands in penalties.

Local Housing Market Data

The HUD Fair Market Rent for a 2-bedroom in New Richmond is $966/month, which affects Section 8 voucher amounts and affordable housing calculations.

Key Takeaways for New Richmond Landlords

  • Security deposit: Capped at 2 month(s) of rent ($1,932 at median rent). Must return within 45 days or face penalties up to $1,932.

Indiana Laws That Apply in New Richmond

Indiana Landlord-Tenant Statute

Ind. Code §32-31-1 et seq.

Governs residential tenancies including security deposits, habitability obligations, and eviction procedures.

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Don’t Risk Penalties

At New Richmond’s median rent of $966/month, a single deposit violation could cost you $1,932+. A wrongful eviction can cost thousands more in court fees, relocation payments, and damages. Know the rules before they cost you.

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How we researched this page: This guide is based on Indiana state statutes, verified against official government sources. Rent data comes from HUD Fair Market Rents (FY2026). Last updated: August 2026.
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Reviewed by Rachid Abadli

Founder & CEO, LeaseBase · Sacramento landlord · Self-managing since 2019

LeaseBase is a property management platform — not a law firm. Consult an attorney for legal advice specific to your situation.