1200 N Main St
1200 N Main St,
Nappanee, IN 46550
1 Bed | $650
Rental Market Trends in Nappanee, IN
What is the average rent in Nappanee, IN?
$622/month
Average Rent
617 Sq Ft
Average Apartment Size
+1.7%
Increase in the Last Year
Nappanee, IN Rental Market Overview
The average rent in Nappanee, IN is $622 per month. This is 63% lower than the national average rent of $1,661/month, making renting in Nappanee more affordable than most cities in the US.
- Studio apartments in Nappanee average $500 per month.
- One-bedroom apartments in Nappanee average $622 per month.
- Two-bedroom apartments in Nappanee average $773 per month.
- Three-bedroom apartments in Nappanee average or more per month.
Data Updated: July 1, 2026
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 Nappanee, IN?
In the past year, rent has increased by 1.7%, which averages out to $11 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 2026
Legend
2025
2026
Rent Ranges in Nappanee, IN
Last Updated July 2026
Below $701
Most rental prices fall within this range
Percentage*
Rent Range
67%
Below $700/month
33%
$700 - $1,000/month
0%
$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 Nappanee, IN?
Because the average rent in Nappanee is $622, you’ll want to make about $2,073 per month or $24,876 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 Nappanee, IN compare to other nearby cities and neighborhoods?
Use the tool below to compare Nappanee, 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.
Compare Rent Trends Nearby
Get a clearer picture of the area by viewing rent trends in nearby cities.
Apartment Communities in Nappanee We Think You'll Love
Rental management, simplified
Our all-in-one suite of property manangement software makes the rental process easy. Screen tenants, manage payments, and more – all on Apartments.com
Guides for Managing Your Rental
Frequently Asked Questions
What is the average rent in Nappanee?
The average rent in Nappanee is $622 per month, which is 62.6% lower than the national average of $1,661.
Are rents going up or down in Nappanee?
Rents in Nappanee, IN are increasing, with prices up 1.7% year-over-year and $11 more per month.
What rent range is most common in Nappanee?
In Nappanee, IN, 67% of apartments fall below $700/month, though prices may vary depending on location and other factors.
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.