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Rental Market Trends in Elkhart, IN

What is the average rent in Elkhart, IN?

$951/month

Average Rent

694 Sq Ft

Average Apartment Size

+5.4%

Increase in the Last Year

As of June 2025, the average rent in Elkhart, IN is $951 per month. This is 42% lower than the national average rent of $1,628/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 $709 per month for a studio, $951 for a one-bedroom apartment, and around $1,147 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,110 or more.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$709/month
411 Sq Ft
One Bedroom
$951/month
694 Sq Ft
Two Bedroom
$1,147/month
953 Sq Ft
Three Bedroom
$1,110/month
1,175 Sq Ft
Floor Plan Type
Average Rent
Average 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 5.4%, which averages out to $52 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 June 2025
Legend
2024 2025
Market Trends Over Time
Rent Ranges in Elkhart, IN
Last Updated June 2025
$700 - $1,000
Most rental prices fall within this range
Rent Ranges in Elkhart, IN
Percentage*
Rent Range
3% Below $700/month
50% $700 - $1,000/month
44% $1,001 - $1,500/month
3% $1,501 - $2,000/month
0% Above $2,000/month

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 Elkhart, North Elkhart and State St/Division St Hist District are the most affordable neighborhoods in Elkhart.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
South Elkhart
$1,106/month
709 Sq Ft
North Elkhart
$1,123/month
729 Sq Ft
State St/Division St Hist District
$1,442/month
839 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
$1,442/month
839 Sq Ft
North Elkhart
$1,123/month
729 Sq Ft
South Elkhart
$1,106/month
709 Sq Ft

Which Elkhart neighborhoods have the most rentals available?

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

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
South Elkhart
$1,106/month
709 Sq Ft
North Elkhart
$1,123/month
729 Sq Ft
State St/Division St Hist District
$1,442/month
839 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 $951, you’ll want to make about $3,170 per month or $38,040 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 7.0% lower than the national average. Generally, housing in Elkhart is 23.8% less expensive than the national average, with rent falling between $709 - $1,147. You can expect to pay 1.0% less for groceries, 8.7% less for utilities, and 1.9% more for transportation.

City

Elkhart, IN

210 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 Elkhart

Elkhart, IN

State St/Division St Hist District

Elkhart, IN

Studio
$845/month
$1,030/month
One Bedroom
$915/month
$1,333/month
Two Bedroom
$1,156/month
$1,631/month
Three Bedroom
$1,068/month
$2,970/month
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Nearby City Rent Trends

  • Goshen Average Rent
  • Granger Average Rent
  • Mishawaka Average Rent
  • South Bend Average Rent

Apartment communities in Elkhart we think you'll love

Maple Lane Apartments

Maple Lane Apartments

2001 Sugar Maple Ln,
Elkhart, IN 46514

1-2 Beds | $1,187 - $3,841

Arbor Lakes Apartments

Arbor Lakes Apartments

22538 Pine Arbor Dr,
Elkhart, IN 46516

1-2 Beds | $1,027 - $1,730

Old Farm Apartments

Old Farm Apartments

3314 C Ln,
Elkhart, IN 46517

Studio - 2 Beds | $841 - $1,500

Woodwind Apartments

Woodwind Apartments

1100 Clarinet Blvd W,
Elkhart, IN 46516

1-2 Beds | $925 - $1,350

Property Management Companies in Elkhart, IN

Edward Rose & Sons
Edward Rose & Sons
  • 140

    Communities

  • 70,911

    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
  • 46

    Communities

  • 9,487

    Units

  • 13

    Cities

2 Communities in Elkhart
Flaherty & Collins, Inc
Flaherty & Collins, Inc
  • 49

    Communities

  • 11,928

    Units

  • 38

    Cities

1 Community in Elkhart
StoneCreek
StoneCreek
  • 56

    Communities

  • 10,723

    Units

  • 30

    Cities

1 Community in Elkhart
Gene B. Glick Company
Gene B. Glick Company
  • 36

    Communities

  • 8,935

    Units

  • 21

    Cities

1 Community in Elkhart
Equity Property Management, LLC
Equity Property Management, LLC
  • 16

    Communities

  • 2,312

    Units

  • 12

    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 June 2025.

* Percentages may not total 100 due to rounding.

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