Rents are 11% 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 $1,280 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: August 17, 2026
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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 declined 3.1% since 2023, going from about $1,321 per month to roughly $1,280 today. Census figures show median household income at $54,291 today, compared with $48,695 five years earlier. Income growth outran rent by about 14.6 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.
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Can you afford rent in Mishawaka on your salary?
At $1,280/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: August 17, 2026
The median rent in Mishawaka is $1,280/mo as of August 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 7.3% over the past year.
Frequently asked questions
Is Mishawaka an affordable city for renters?
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Which Mishawaka neighborhoods have the lowest rent?
How does Mishawaka rent compare to other cities in Indiana?
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What percentage of Mishawaka residents rent vs. own?
How does Mishawaka rent compare to the national average?
At $1,280/mo, rent takes ~28% 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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