Rents are 4% below what Mishawaka's 10-year trend predicts — a better deal than its own history suggests.
Rent by unit size
These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,196 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.
Source: HUD Small Area Fair Market Rents. Read the methodology →
12-month history
Last updated: October 17, 2026
What the numbers show
Rent in Mishawaka is 2.1% below its high of $1,222 in March 2026, at $1,196 as of September 2026.
Rent in Mishawaka changed -0.7% over the year to September 2026. Across the 49 Indiana cities Zillow tracks, the typical change was +4.5%.
Rent has fallen 3 months in a row, and rose in 5 of the last 12 months.
30% of the median household income ($54,291) is $1,357 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($1,340); a 4-bedroom is $1,440.
From Zillow's monthly rent index (ZORI) for Mishawaka. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
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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.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Mishawaka, IN has changed in 5 years
Rent in Mishawaka, IN has increased 9.9% since 2023, going from about $1,088 per month to roughly $1,196 today. Census figures show median household income at $54,291 today, compared with $48,695 five years earlier. 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.
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At $1,196/mo, how Mishawaka rent compares to typical pay (30% rule).
Mishawaka rent by bedroom count
Median rent for each apartment size in Mishawaka. Click any size for full breakdown.
Tips for renters in Mishawaka
Last updated: October 17, 2026
The median rent in Mishawaka is $1,196/mo as of October 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 26% of local median household income ($54,291/yr), Mishawaka ranks as affordable compared to the national benchmark of 30%. Rents have decreased 0.7% over the past year.
Frequently asked questions
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Is rent going up or down in Mishawaka?
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How does Mishawaka rent compare to other cities in Indiana?
At $1,196/mo, rent takes ~26% of Mishawaka's median household income ($54,291/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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