Homes for Rent in 46516

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What to Know About

Life in Elkhart & Beyond

Elkhart shares many of the great qualities that make Indiana a desirable place to live.

Indiana is where the past meets the present, and the great outdoors is right at your fingertips. Get to know the rich cultural heritage of this Midwestern gem by visiting incredible museums like the Eiteljorg Museum of American Indians and Western Art, or check out the top universities like Purdue University and Indiana University. Indiana is a hub of economic activity, with its thriving manufacturing, agriculture, and transportation industries.

The state also offers plenty of opportunities for those seeking adventure and excitement. From exploring the beautiful state parks to fishing in its many lakes and rivers, Indiana is a nature-lovers paradise from the Hoosier National Forest to the Ohio River. And for sports fans, check out the Indianapolis Colts (NFL) and Indiana Pacers (NBA) or catch a game at universities like Purdue or Indiana. In addition, discover famous attractions like the Indianapolis Motor Speedway, home of the world-famous Indianapolis 500 race, the Children's Museum of Indianapolis, and the historic town of Brown County.

With its strong economy, quality education, and lively atmosphere, Indiana is the perfect place to live.

Rental Market Trends

Elkhart, IN

As of May 2025, Elkhart's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Elkhart's average rent is 13.1% ($170) lower than the Indiana average of $1,298 and 37.1% ($665) lower than the U.S. average of $1,793.

Average Rent
$1,128
Monthly ChangeMonth Over Month Change
Increased1% ($11)
Yearly ChangeYear Over Year Change
Increased12.9% ($129)
Avg. Days on MarketAverage Days on Market
32
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $906 Decreased5.5% ($53) Decreased1.3% ($12)
2 Beds $1,155 Increased1.4% ($16) Increased7.3% ($79)
3 Beds $1,275 Decreased0.5% ($7) Decreased10% ($142)
Nearby Cities Average Rent Avg. Rent vs. ElkhartAverage Rent vs. Elkhart Avg. Days on MarketAverage Days on Market
Mishawaka $1,725 Increased52.9% ($597) 35 days
Goshen $1,456 Increased29.1% ($328) 30 days
Middlebury $1,171 Increased3.8% ($43) 31 days
South Bend $1,216 Increased7.8% ($88) 40 days
Nappanee $947 Decreased16% ($181) 34 days
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Elkhart Rental Market FAQs

Explore rental prices, market trends, and availability in Elkhart, IN.

The average rent in Elkhart, IN is $1,128 per month.
Homes in Elkhart typically rent for between $634 and $1,658 per month, with an average of $1,128 per month.
In Elkhart, the average rent for a 1-bedroom home is $906 per month, for a 2-bedroom home, $1,155 per month, and a 3-bedroom home is $1,275 per month.
The average rent in Elkhart is 37.1% ($665) lower than the national average of $1,793 per month.
The average rent in Elkhart has increased by 1.0% ($11) in the last month and increased by 12.9% ($129) over the past year.
The rental market in Elkhart, IN, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Elkhart, IN, the average rental stays on the market for approximately 32 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There are currently 33 rental properties available in Elkhart, IN.
Based on the current averages, a household would need an annual income of $46,200 to comfortably afford a 2-bedroom home in Elkhart.
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