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

Nappanee, IN

As of April 2026, Nappanee's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Nappanee's average rent is 33.0% ($423) lower than the Indiana average of $1,282 and 52.0% ($929) lower than the U.S. average of $1,788.

Average Rent

$859

Monthly ChangeMonth Over Month Change

4.8% ($43)

Yearly ChangeYear Over Year Change

11% ($85)

Avg. Days on MarketAverage Days on Market

Unit Type	Average Rent	Monthly ChangeMonth Over Month Change	Yearly ChangeYear Over Year Change
1 Bed	$723	6.8% ($53)	7.3% ($49)
2 Beds	$859	4.8% ($43)	11% ($85)
3 Beds	$1,071	4.9% ($55)	5.7% ($58)

Nearby Cities	Average Rent	Avg. Rent vs. NappaneeAverage Rent vs. Nappanee	Avg. Days on MarketAverage Days on Market
Milford	$1,393	62.2% ($534)	29 days
Bremen	$1,058	23.2% ($199)	31 days
Goshen	$1,296	50.9% ($437)	30 days
Warsaw	$1,371	59.6% ($512)	32 days
Lakeville	$1,231	43.3% ($372)	34 days

Rental market trends are calculated using listing data from RentalSource.

Frequently Asked Questions

Nappanee Rental Market FAQs

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

What is the average rent in Nappanee, IN?

The average rent in Nappanee, IN is $859 per month.

What is the rental price range for homes in Nappanee, IN?

Homes in Nappanee typically rent for between $600 and $1,392 per month, with an average of $859 per month.

What is the average rent for different bedroom sizes in Nappanee, IN?

In Nappanee, the average rent for a 1-bedroom home is $723 per month, for a 2-bedroom home, $859 per month, and a 3-bedroom home is $1,071 per month.

How do rent prices in Nappanee, IN compare with the national average?

The average rent in Nappanee is 52% ($929) lower than the national average of $1,788 per month.

How have rent prices in Nappanee, IN changed recently?

The average rent in Nappanee has decreased by 4.8% ($43) in the last month and increased by 11.0% ($85) over the past year.

How competitive is the rental market in Nappanee, IN?

The rental market in Nappanee, IN, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.

How long do rentals stay on the market in Nappanee, IN?

In Nappanee, IN, the average rental stays on the market for approximately 34 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.

How many rental properties are available in Nappanee, IN?

There are currently 4 rental properties available in Nappanee, IN.

Can I afford to rent a home in Nappanee, IN?

Based on the current averages, a household would need an annual income of $34,360 to comfortably afford a 2-bedroom home in Nappanee.