Mill at Ironworks Plaza
235 Ironworks Ave,
Mishawaka, IN 46544
$1,420 - $2,640
Studio - 2 Beds
Rental Market Trends in Mishawaka, IN
What is the average rent in Mishawaka, IN?
$1,174/month
Average Rent
691 Sq Ft
Average Apartment Size
+6.9%
Increase in the Last Year
As of October 2025, the average rent in Mishawaka, IN is $1,174 per month. This is 28% lower than the national average rent of $1,630/month, making renting in Mishawaka more affordable than most cities in the US. When you rent an apartment in Mishawaka, you can expect to pay about $1,073 per month for a studio, $1,174 for a one-bedroom apartment, and around $1,366 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,840 or more.
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How much has average rent changed in Mishawaka, IN?
In the past year, rent has increased by 6.9%, which averages out to $82 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 October 2025
Legend
2024
2025
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Mishawaka?
Based on current rent prices, Cambridge Square, Norman Heights and Indian Lakes are the most affordable neighborhoods in Mishawaka.
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Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Mishawaka?
Based on current rent prices, Indian Lakes, Norman Heights and Cambridge Square are the most expensive neighborhoods in Mishawaka.
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Average Rent
Average Sq Ft
Which Mishawaka neighborhoods have the most rentals available?
The neighborhoods in Mishawaka with the most apartments available are Cambridge Square, Indian Lakes and Norman Heights .
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Average Rent
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What salary do I need to live comfortably in Mishawaka, IN?
Because the average rent in Mishawaka is $1,174, you’ll want to make about $3,913 per month or $46,956 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.
How does Mishawaka, IN compare to other nearby cities and neighborhoods?
Use the tool below to compare Mishawaka, 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.
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Nearby City Rent Trends
Apartment communities in Mishawaka we think you'll love
Property Management Companies in Mishawaka, IN
Edward Rose & Sons
-
141
Communities
-
71,296
Units
-
85
Cities
5 Communities in Mishawaka
Flaherty & Collins, Inc
-
50
Communities
-
12,149
Units
-
40
Cities
4 Communities in Mishawaka
Gene B. Glick Company
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36
Communities
-
8,935
Units
-
21
Cities
3 Communities in Mishawaka
Equity Property Management, LLC
-
17
Communities
-
2,417
Units
-
12
Cities
3 Communities in Mishawaka
Strategic Management Solution, LLC
-
13
Communities
-
2,120
Units
-
10
Cities
3 Communities in Mishawaka
LV Property Management
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19
Communities
-
3,373
Units
-
8
Cities
3 Communities in Mishawaka
Monarch Investment and Management Group
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311
Communities
-
75,994
Units
-
143
Cities
2 Communities in Mishawaka
IGC Residential Property Management
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27
Communities
-
3,569
Units
-
18
Cities
2 Communities in Mishawaka
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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 September 2025.
* Percentages may not total 100 due to rounding.