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Rental Market Trends in Lakeville, IN

What is the average rent in Lakeville, IN?

$985/month

Average Rent

767 Sq Ft

Average Apartment Size

+5.1%

Increase in the Last Year

As of July 2025, the average rent in Lakeville, IN is $985 per month. This is 40% lower than the national average rent of $1,636/month, making renting in Lakeville more affordable than most cities in the US. When you rent an apartment in Lakeville, you can expect to pay about per month for a studio, $985 for a one-bedroom apartment, and around $1,072 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay or more.

Floor Plan Type
Average Rent
Average Sq Ft
One Bedroom
$985/month
767 Sq Ft
Two Bedroom
$1,072/month
922 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 Lakeville, IN?

In the past year, rent has increased by 5.1%, which averages out to $50 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 July 2025
Legend
2024 2025
Market Trends Over Time
Rent Ranges in Lakeville, IN
Last Updated July 2025
$1,001 - $1,500
Most rental prices fall within this range
Rent Ranges in Lakeville, IN
Percentage*
Rent Range
0% Below $700/month
0% $700 - $1,000/month
100% $1,001 - $1,500/month
0% $1,501 - $2,000/month
0% Above $2,000/month

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

Because the average rent in Lakeville is $985, you’ll want to make about $3,283 per month or $39,396 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.

City

Lakeville, IN

3 Available Apartments for Rent

Search for Nearby Apartments

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

Use the tool below to compare Lakeville, 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.

Explore the Area Guide for Lakeville, IN

Apartment Averages

Nearby City Rent Trends

  • Bremen Average Rent
  • South Bend Average Rent
  • Mishawaka Average Rent
  • Plymouth Average Rent
  • Granger Average Rent

Apartment communities in Lakeville we think you'll love

Lakeview Apartments

Lakeview Apartments

1011 Angela Dr,
Lakeville, IN 46536

1-2 Beds | $985 - $1,205

Irish Hills Apartments

Irish Hills Apartments

4245 Irish Hills Dr,
South Bend, IN 46614

1-2 Beds | $825 - $1,822

Autumn Lakes Apartments and Townhomes

Autumn Lakes Apartments and Townhomes

1109 Hidden Lakes Dr,
Mishawaka, IN 46544

1-3 Beds | $1,137 - $3,167

The Residences at Belleville Park

The Residences at Belleville Park

4940 Belleville Cir,
South Bend, IN 46619

1-4 Beds | $1,120 - $1,710

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United States Indiana Lakeville 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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Equal Housing Opportunity