RentDataNowRentDataNow
City Report · IN

Warsaw

Pop. 16,768·43rd most expensive in Indiana·Warsaw rents are up 16.5% over the past year
Median rent (all units)
$1,245/mo
Year-over-Year
+16.5%
Month-over-Month
+14.8%
vs US Median
-$717
Rising (Monthly)
Be the first to discuss Warsaw rents ↓
Most AffordableMost Expensive
Warsaw · $1,245
More affordable than 91% of US cities · National median $1,962/mo
Affordability
24% of income
VERY AFFORDABLE
0%30% benchmark60%+

At $1,245/mo, rent takes about 24% of the local median household income, comfortably within the 30% benchmark.

Income to afford
$50,000/yr
Local median income
$61,035/yr
Based on the 30%-of-income rule using Warsaw's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$850
1 BR
$860
2 BR
$1,060
3 BR
$1,300
4 BR+
$1,490
Fair Market Rent (HUD)
$1,060/mo

These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,245 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 →

Rent trends

12-month history

Loading…

Last updated: August 17, 2026

Annual cost
$14,940/yr
At $1,245/mo median
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 16.5% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+16.5% YoY, +14.8% MoM), not inventory.
Rent check

Is your rent fair?

Compare your rent to the local median.

Demographics

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.

Population
16,768
Median income
$61,035
Median age
33.8
Renters
50.7%
Age distribution
24.1%
27%
21.9%
15.1%
Under 1824.1%
18–3427%
35–5421.9%
55–6412%
65+15.1%
Gender
48%
52%
Male48%
Female52%
Race & ethnicity
77.9%
15.4%
White77.9%
Black1.7%
Hispanic15.4%
Asian4.1%
Other1%
Education (25+)
30.6%
25.5%
33.7%
No HS diploma10.1%
HS diploma30.6%
Some college25.5%
Bachelor's+33.7%
Housing tenure
49.3%
50.7%
Owner49.3%
Renter50.7%

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

2021 vs 2026

How Warsaw, IN has changed in 5 years

Income
$55,295 → $61,035
up 10.4%
Population
15,905 → 16,768
up 5.4%
Renter share
51.6% → 50.7%
-0.9 pts
Bachelor's+
32.3% → 33.7%
+1.4 pts

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.

Community

Discussions about Warsaw

No discussions yet. Start the conversation.

View Warsaw rent history (2015–2026) →
Salary vs rent

Can you afford rent in Warsaw on your salary?

At $1,245/mo, how Warsaw rent compares to typical pay (30% rule).

By apartment size

Warsaw rent by bedroom count

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

Local insights

Tips for renters in Warsaw

About renting in Warsaw, IN

Last updated: August 17, 2026

The median rent in Warsaw is $1,245/mo as of August 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 24% of local median household income ($61,035/yr), Warsaw ranks as affordable compared to the national benchmark of 30%. Rents have increased 16.5% over the past year.

FAQ

Frequently asked questions

Is Warsaw an affordable city for renters?

Warsaw is considered very affordable for renters. At $1,245/mo, rent takes approximately 24% of the local median household income ($61,035/yr). The standard benchmark is 30%. Warsaw falls comfortably within that range.

How much income do you need to rent in Warsaw?

To keep rent at or below 30% of gross income, you would need to earn at least $50,000/year (~$24/hour full-time) to afford the median rent of $1,245/mo in Warsaw. The local median household income is $61,035/yr, meaning the typical Warsaw household meets that threshold.

Is rent going up or down in Warsaw?

Rent in Warsaw has increased 16.5% over the past year as of August 2026, putting upward pressure on renter budgets.

How does Warsaw rent compare to other cities in Indiana?

Warsaw is one of the more affordable cities in Indiana for rent, ranking #43 out of 62 tracked cities at $1,245/mo.

Which nearby cities are cheaper to rent in than Warsaw?

Several nearby cities have lower median rents than Warsaw ($1,245/mo): Columbia City ($1,035/mo), Goshen ($1,068/mo), Elkhart ($1,155/mo).

What percentage of Warsaw residents rent vs. own?

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

How does Warsaw rent compare to the national average?

Warsaw's median rent of $1,245/mo is $717 (37%) below the US national median of $1,962/mo. Within Indiana, it ranks #43 out of 62 tracked cities.
Income Affordability
24%
VERY AFFORDABLE

At $1,245/mo, rent takes ~24% of Warsaw's median household income ($61,035/yr). The standard benchmark is 30%.

Warsaw 24%Benchmark 30%
State income tax3.05%
Run the Warsaw affordability calculator →
Lowest-rent ZIP codes in Warsaw
Compare

How does this area stack up?

Pick another city or ZIP to compare.

Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Warsaw, IN

Recent submissions

Be the first to submit your rent for Warsaw.

Recent discussions

No discussions yet.

Add RentDataNow as a preferred source on Google