Located along the Ohio River, Magnet is a great place to enjoy various water sports including diving, kayaking, and snorkeling. An exciting boat ride and fishing can also be enjoyed. Those who are fond of hiking can travel to the Hoosier National Forest in the hills of south central Indiana. Surrounded by rolling hills and thick wooded forests, the town offers approximately 266 miles of strenuous trail filled with exotic flora. Not only can you see a wide variety of animals and birds in the park but also enjoy swimming, horse riding, and camping amid the lush greenery. Just 15 minutes from Magnet cabin rentals is the placid Rainbow Pay Lake, which is a great picnic spot and fishing site. The route to the lake is very scenic and offers spectacular vistas of the glistening Ohio River. Some other places of interest in and around Magnet include Morengo Cave in Morengo, Squire Boone Cave in Corydon, Holiday World Theme Park and Splash Safari, and Fort Wayne.

Magnet houses a plethora of cafés and restaurants where you can gorge on sumptuous snacks and pamper your palate to succulent seafood and other local delicacies of the region. Overlooking the Ohio River is a handful of restaurants near Magnet house rentals, which serve an exotic range of mouthwatering cuisines, from Continental to Mexican, Chinese, Italian, and Spanish fare. A wide variety of tantalizing cocktails and mock tails can also be tasted in the bars and pubs of Magnet.