At $1,473/mo, rent takes about 29% of the local median household income, comfortably within the 30% benchmark.
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 $1,473 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 Warsaw changed +6.0% over the year to September 2026. Across the 49 Indiana cities Zillow tracks, the typical change was +4.5%.
Rent has risen 5 months in a row, and rose in 8 of the last 12 months.
30% of the median household income ($61,035) is $1,526 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($1,490).
Goshen, 25 miles away, rents for 22% less ($1,148/mo), about $3,900 a year in savings.
From Zillow's monthly rent index (ZORI) for Warsaw. 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
Warsaw, IN is roughly split between renters and owners, has a median income below the national average, 33.7% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Warsaw, IN has changed in 5 years
Household income in the area moved from $55,295 to $61,035 across the same window, up 10.4% versus 2021. Census counts show Warsaw, IN adding about 863 residents over the five-year window, up 5.4% on net.
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Can you afford rent in Warsaw on your salary?
At $1,473/mo, how Warsaw rent compares to typical pay (30% rule).
Warsaw rent by bedroom count
Median rent for each apartment size in Warsaw. Click any size for full breakdown.
Tips for renters in Warsaw
Last updated: October 17, 2026
The median rent in Warsaw is $1,473/mo as of October 2026. A studio apartment averages $850/mo while a 2-bedroom runs $1,060/mo. One-bedroom apartments average $860/mo and 3-bedroom units go for $1,300/mo.
At 29% of local median household income ($61,035/yr), Warsaw ranks as affordable compared to the national benchmark of 30%. Rents have increased 6.0% over the past year.
Frequently asked questions
How much income do you need to rent in Warsaw?
Is rent going up or down in Warsaw?
How does Warsaw rent compare to other cities in Indiana?
Which nearby cities are cheaper to rent in than Warsaw?
At $1,473/mo, rent takes ~29% of Warsaw's median household income ($61,035/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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