Mill at Ironworks Plaza
235 Ironworks Ave,
Mishawaka, IN 46544
$1,295 - $2,978
Studio - 2 Beds
Rental Market Trends in Mishawaka, IN
What is the average rent in Mishawaka, IN?
$1,132/month
Average Rent
697 Sq Ft
Average Apartment Size
-2%
Decrease in the Last Year
As of June 2026, the average rent in Mishawaka, IN is $1,132 per month. This is 31% lower than the national average rent of $1,644/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 $1,113 per month for a studio, $1,132 for a one-bedroom apartment, and around $1,337 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,913 or more.
Floor Plan Type
Average Rent
Average 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 Mishawaka, IN?
In the past year, rent has decreased by 2%, which averages out to $22 less 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 2026
Legend
2025
2026
Rent Ranges in Mishawaka, IN
Last Updated June 2026
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
25%
$700 - $1,000/month
54%
$1,001 - $1,500/month
21%
$1,501 - $2,000/month
0%
Above $2,000/month
What salary do I need to live comfortably in Mishawaka, IN?
Because the average rent in Mishawaka is $1,132, you’ll want to make about $3,773 per month or $45,276 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.
Nearby City Rent Trends
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Property Management Companies in Mishawaka, IN
Edward Rose & Sons
-
137
Communities
-
70,289
Units
-
84
Cities
5 Communities in Mishawaka
Flaherty & Collins, Inc
-
56
Communities
-
13,584
Units
-
40
Cities
4 Communities in Mishawaka
Gene B. Glick Company
-
39
Communities
-
9,570
Units
-
22
Cities
3 Communities in Mishawaka
Equity Property Management, LLC
-
19
Communities
-
2,567
Units
-
12
Cities
3 Communities in Mishawaka
Strategic Management Solution, LLC
-
12
Communities
-
2,024
Units
-
10
Cities
3 Communities in Mishawaka
LV Property Management
-
18
Communities
-
3,237
Units
-
8
Cities
3 Communities in Mishawaka
Monarch Investment and Management Group
-
320
Communities
-
77,950
Units
-
146
Cities
2 Communities in Mishawaka
IGC Residential Property Management
-
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 June 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.
* Percentages may not total 100 due to rounding.