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Rental Market Trends in Elkhart, IN

What is the average rent in Elkhart, IN?

$1,036/month

Average Rent

695 Sq Ft

Average Apartment Size

+8.3%

Increase in the Last Year

As of December 2025, the average rent in Elkhart, IN is $1,036 per month. This is 36% lower than the national average rent of $1,631/month, making renting in Elkhart more affordable than most cities in the US. When you rent an apartment in Elkhart, you can expect to pay about $862 per month for a studio, $1,036 for a one-bedroom apartment, and around $1,198 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,167 or more.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$862/month
442 Sq Ft
One Bedroom
$1,036/month
695 Sq Ft
Two Bedroom
$1,198/month
966 Sq Ft
Three Bedroom
$1,167/month
1,239 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Three Bedroom
$1,584/month
1,241 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft

How much has average rent changed in Elkhart, IN?

In the past year, rent has increased by 8.3%, which averages out to $86 more per month.

Market Trends Over Time   The chart below compares average rent prices to the previous year during the same time period.
Last Updated December 2025
Legend
2024 2025
Market Trends Over Time

Rent by Neighborhood

Last Updated Today
  • Most Affordable
  • Most Expensive
  • Most Available

What are the most affordable neighborhoods in Elkhart?

Based on current rent prices, South Benham, South Elkhart and North Elkhart are the most affordable neighborhoods in Elkhart.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
South Benham
$921/month
575 Sq Ft
South Elkhart
$1,019/month
633 Sq Ft
North Elkhart
$1,137/month
725 Sq Ft
State St/Division St Hist District
$1,643/month
790 Sq Ft

What are the most expensive neighborhoods in Elkhart?

Based on current rent prices, State St/Division St Hist District, North Elkhart and South Elkhart are the most expensive neighborhoods in Elkhart.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
State St/Division St Hist District
$1,643/month
790 Sq Ft
North Elkhart
$1,137/month
725 Sq Ft
South Elkhart
$1,019/month
633 Sq Ft
South Benham
$921/month
575 Sq Ft

Which Elkhart neighborhoods have the most rentals available?

The neighborhoods in Elkhart with the most apartments available are State St/Division St Hist District, South Elkhart and North Elkhart .

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
State St/Division St Hist District
$1,643/month
790 Sq Ft
South Elkhart
$1,019/month
633 Sq Ft
North Elkhart
$1,137/month
725 Sq Ft
South Benham
$921/month
575 Sq Ft
This information is based on data collected by CoStar Group researchers.†

What salary do I need to live comfortably in Elkhart, IN?

Because the average rent in Elkhart is $1,036, you’ll want to make about $3,453 per month or $41,436 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.

Cost of Living

The cost of living in Elkhart, IN is 6.8% lower than the national average. Generally, housing in Elkhart is 22.8% less expensive than the national average, with rent falling between $862 - $1,198. You can expect to pay 1.3% less for groceries, 3.7% less for utilities, and 2.7% more for transportation.

City

Elkhart, IN

333 Available Apartments for Rent

Search for Nearby Apartments

How does Elkhart, IN compare to other nearby cities and neighborhoods?

Use the tool below to compare Elkhart, IN to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.

Apartment Averages

South Benham

Elkhart, IN

State St/Division St Hist District

Elkhart, IN

Studio
$590/month
$1,494/month
One Bedroom
$857/month
$1,348/month
Two Bedroom
$947/month
$1,754/month
Three Bedroom
$1,115/month
$3,265/month
Search
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Nearby City Rent Trends

  • Goshen Average Rent
  • Granger Average Rent
  • Mishawaka Average Rent

Apartment communities in Elkhart we think you'll love

The Delta

The Delta

304 E Jackson Blvd,
Elkhart, IN 46516

$1,250 - $2,290

Studio - 2 Beds

Old Farm Apartments

Old Farm Apartments

3314 C Ln,
Elkhart, IN 46517

$874 - $1,468

Studio - 2 Beds

Maple Lane Apartments

Maple Lane Apartments

2001 Sugar Maple Ln,
Elkhart, IN 46514

$1,167 - $3,361

1-2 Beds

Arbor Lakes Apartments

Arbor Lakes Apartments

22538 Pine Arbor Dr,
Elkhart, IN 46516

$1,225 - $1,871

1-2 Beds

Property Management Companies in Elkhart, IN

Edward Rose & Sons
Edward Rose & Sons
  • 141

    Communities

  • 71,312

    Units

  • 85

    Cities

4 Communities in Elkhart
Dynasty Properties
Dynasty Properties
  • 24

    Communities

  • 4,279

    Units

  • 17

    Cities

4 Communities in Elkhart
IGC Residential Property Management
IGC Residential Property Management
  • 27

    Communities

  • 3,569

    Units

  • 18

    Cities

3 Communities in Elkhart
CYM Living
CYM Living
  • 39

    Communities

  • 5,953

    Units

  • 11

    Cities

2 Communities in Elkhart
Flaherty & Collins, Inc
Flaherty & Collins, Inc
  • 52

    Communities

  • 12,833

    Units

  • 39

    Cities

1 Community in Elkhart
StoneCreek
StoneCreek
  • 58

    Communities

  • 10,723

    Units

  • 31

    Cities

1 Community in Elkhart
Gene B. Glick Company
Gene B. Glick Company
  • 37

    Communities

  • 9,216

    Units

  • 21

    Cities

1 Community in Elkhart
Herron Property Management
Herron Property Management
  • 15

    Communities

  • 2,268

    Units

  • 13

    Cities

1 Community in Elkhart

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United States Indiana Elkhart Rental Trends

Methodology

† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.

Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.

Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in November 2025.

* Percentages may not total 100 due to rounding.

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