How much does it cost to rent in Mishawaka, IN?

As of July 2026, the median monthly rent in Mishawaka, IN is $1,285. This figure is based on aggregated data from public sources and community-submitted rents.

Is Mishawaka cheaper than other Indiana cities?

Mishawaka falls in the middle range for Indiana, ranking #40 out of 65 cities at $1,285/mo.

When was Mishawaka rent data last updated?

Mishawaka rent data reflects July 2026 and was last refreshed on July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.

City Report · IN

Mishawaka

Name: Average Rent Prices in Mishawaka, IN
Creator: RentDataNow
License: https://rentdatanow.com/terms-of-service

Pop. 51,021·40th most expensive in Indiana·Mishawaka rents have dropped 5.4%, currently a renter's market

Median rent (all units)

$1,285/mo

Year-over-Year

-5.4%

Month-over-Month

-2.2%

vs US Median

-$680

Falling (Monthly)

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Most AffordableMost Expensive

Mishawaka · $1,285

More affordable than 88% of US cities · National median $1,965/mo

Rent Reality Score

70/100

Good value

OverheatedFairGreat value

Rents are 10% below what Mishawaka's 10-year trend predicts — a better deal than its own history suggests.

Actual rent

$1,285/mo

Expected by trend

$1,431/mo

The Rent Reality Score compares today's median rent to where Mishawaka's own long-run trajectory projects it should be. See the full rankings →

Medians by bedroom

Rent by unit size

Studio

$740

1 BR

$925

2 BR

$1,085

3 BR

$1,340

4 BR+

$1,440

Research median

$1,085/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

Loading…

Last updated: July 20, 2026

Annual cost

$15,420/yr

At $1,285/mo median

Rent Market Meter

Strong Renter's Market

Renter's MarketBalancedLandlord's Market

Rents are down 5.4% year-over-year. Push hard on price, concessions, and lease terms.

Based on rent-price momentum (-5.4% YoY, -2.2% MoM), not inventory.

Rent check

Is your rent fair?

Compare your rent to the local median.

Demographics

Who lives here

Mishawaka, IN is roughly split between renters and owners, has a median income below the national average, 29.2% of residents hold a bachelor's degree or higher.

Population

51,021

Median income

$54,291

Median age

Renters

50.7%

Age distribution

20.8%

28%

23.1%

16.6%

Under 1820.8%

18–3428%

35–5423.1%

55–6411.6%

65+16.6%

Gender

49.6%

50.4%

Male49.6%

Female50.4%

Race & ethnicity

75.3%

White75.3%

Black11.1%

Hispanic6.4%

Asian2.4%

Other4.8%

Education (25+)

31.6%

30.3%

29.2%

No HS diploma8.9%

HS diploma31.6%

Some college30.3%

Bachelor's+29.2%

Housing tenure

49.3%

50.7%

Owner49.3%

Renter50.7%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2023 vs 2026

How Mishawaka, IN has changed in 5 years

Rent

$1,321 → $1,285

down 2.7%

Income

$48,695 → $54,291

up 11.5%

Population

50,823 → 51,021

up 0.4%

Renter share

51.1% → 50.7%

-0.4 pts

Bachelor's+

26.9% → 29.2%

+2.3 pts

Median age

34.1 → 36

+1.9 yrs

Rent in Mishawaka, IN has declined 2.7% since 2023, going from about $1,321 per month to roughly $1,285 today. Census figures show median household income at $54,291 today, compared with $48,695 five years earlier. Income growth outran rent by about 14.2 percentage points, easing the affordability math somewhat compared with 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 26.9% to 29.2%. The combined trend lines point to a market that has changed measurably from where it stood in early 2023.

Community

Discussions about Mishawaka

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View Mishawaka rent history (2015–2026) →

Salary vs rent

Can you afford rent in Mishawaka on your salary?

At $1,285/mo, how Mishawaka rent compares to typical pay (30% rule).

Registered Nurse

Avg $86,922/yr · Rent = 17.7% income

very comfortable

Elementary School Teacher

Avg $61,714/yr · Rent = 25% income

affordable

Police Officer

Avg $71,088/yr · Rent = 21.7% income

affordable

Software Developer

Avg $127,061/yr · Rent = 12.1% income

very comfortable

Lawyer

Avg $162,352/yr · Rent = 9.5% income

very comfortable

Firefighter

Avg $57,785/yr · Rent = 26.7% income

affordable

Truck Driver

Avg $52,173/yr · Rent = 29.6% income

affordable

Electrician

Avg $64,308/yr · Rent = 24% income

affordable

By apartment size

Mishawaka rent by bedroom count

Median rent for each apartment size in Mishawaka. Click any size for full breakdown.

Local insights

Tips for renters in Mishawaka

About renting in Mishawaka, IN

Last updated: July 20, 2026

The median rent in Mishawaka is $1,285/mo as of July 2026. A studio apartment averages $740/mo while a 2-bedroom runs $1,085/mo. One-bedroom apartments average $925/mo and 3-bedroom units go for $1,340/mo.

At 28% of local median household income ($54,291/yr), Mishawaka ranks as affordable compared to the national benchmark of 30%. Rents have decreased 5.4% over the past year.

FAQ

Frequently asked questions

Is Mishawaka an affordable city for renters?

Mishawaka is considered affordable for renters. At $1,285/mo, rent takes approximately 28% of the local median household income ($54,291/yr). The standard benchmark is 30%. Mishawaka falls comfortably within that range.

How much income do you need to rent in Mishawaka?

To keep rent at or below 30% of gross income, you would need to earn at least $51,000/year (~$25/hour full-time) to afford the median rent of $1,285/mo in Mishawaka. The local median household income is $54,291/yr, meaning the typical Mishawaka household meets that threshold.

Is rent going up or down in Mishawaka?

Rent in Mishawaka has decreased 5.4% over the past year as of July 2026, offering some relief compared to 12 months ago.

Which Mishawaka neighborhoods have the lowest rent?

The most affordable ZIP codes in Mishawaka are 46545 ($1,278/mo), and 46544 ($1,289/mo). Citywide, the median rent in Mishawaka is $1,285/mo.

How does Mishawaka rent compare to other cities in Indiana?

Mishawaka is middle-of-the-pack for Indiana for rent, ranking #40 out of 65 tracked cities at $1,285/mo.

Which nearby cities are cheaper to rent in than Mishawaka?

Several nearby cities have lower median rents than Mishawaka ($1,285/mo): Goshen ($1,029/mo), Niles ($1,094/mo), Elkhart ($1,174/mo).

What percentage of Mishawaka residents rent vs. own?

According to Census data, approximately 50.7% of Mishawaka households are renters, while 49.3% are owner-occupied. With a majority renter population, Mishawaka has a strong rental market.

How does Mishawaka rent compare to the national average?

Mishawaka's median rent of $1,285/mo is $680 (35%) below the US national median of $1,965/mo. Within Indiana, it ranks #40 out of 65 tracked cities.

Income Affordability

28%

AFFORDABLE

At $1,285/mo, rent takes ~28% of Mishawaka's median household income ($54,291/yr). The standard benchmark is 30%.

Mishawaka 28%Benchmark 30%

State income tax3.05%

Run the Mishawaka affordability calculator →

Nearby cities