Elkhart, IN Rental Market Trends

Highlights

The average rent for an apartment in Elkhart is $750, a change amounting to approximately 0% compared to the previous year.

Average Rent in Elkhart, IN

Last updated November 2019
Average Rent Y-o-Y Change Average Apartment Size
$750 0% 839 sq. ft.

The average size for a Elkhart, IN apartment is 839 square feet, but this number varies greatly depending on apartment type. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.

Elkhart, IN Apartment Rent Ranges

  • < $5001%
  • $501-$70038%
  • $701-$1,00059%
  • $1,001-$1,5003%

Elkhart, IN Occupied Housing Units

  • Renter-occupied Households38%
  • Owner-occupied Households61%

7,712 or 38% of the households in Elkhart, IN are renter-occupied while 12,073 or 61% are owner-occupied.

Elkhart, IN Rent Trends

Average Rent Nov / 2016 Mar / 2017 Jul / 2017 Nov / 2017 Mar / 2018 Jul / 2018 Nov / 2018 Mar / 2019 Jul / 2019 Nov / 2019
Elkhart, IN $681 $694 $704 $713 $724 $724 $747 $747 $752 $750
National $1,353 $1,349 $1,381 $1,383 $1,386 $1,421 $1,430 $1,434 $1,470 $1,476
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How Does Elkhart Compare to Nearby Cities

Average Rent Y-o-Y Change
Elkhart $750 n/a
Bristol $713 6%
Simonton Lake $790 2%
Dunlap $715 -1%
Goshen $694 1%
Nappanee $592 3%

For more information about the Elkhart rental trends, check out our monthly rent report

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The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Elkhart apartment buildings 50 units or larger. Yardi Matrix covers ~90% of the U.S. metro area population, including ~17 million apartments across more than 130 U.S. markets.

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