Mishawaka, Indiana Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Mishawaka, Indiana rental market.
Mishawaka, Indiana
Average Apartment Rent
$1,375
Y-o-Y Change in Average
Apartment Rent
5.6%
As of May 2026
Compared to a year ago, Mishawaka, Indiana apartments have recorded a 5.6% rent increase.
Mishawaka, Indiana Average apartment rent trend
Mishawaka, Indiana Average Apartment Rent
Mishawaka, Indiana Apartment rent ranges
At 52.31%, apartments priced $1,000 - $1,500 represent the bulk of Mishawaka, Indiana rentals, while condos priced Over $3,000 hold the lowest share of the market – 0.61%.
Mishawaka, Indiana Housing tenure**
Renters take up 52% of Mishawaka, Indiana real estate, occupying a total of 11,975 units, while homeowners live in 11,216 properties.
Median number of rooms of renter-occupied housing units**
4
Renter median household income**
$39,755
Average household size of renter-occupied housing units**
1.93
Rental vacancy rate**
5.7%
Mishawaka, Indiana Renter-occupied housing units by no. of bedrooms**
There are 4,995 rentals in Mishawaka, Indiana with 2 beds making up the highest share of the market, at 42%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 69 units. Overall, the median number of rooms in Mishawaka, Indiana homes for rent is 4.
Mishawaka, Indiana Renter-occupied units by age of householder**
Most condos for rent in Mishawaka, Indiana are occupied by residents in the 25 - 34 years age group (26%), followed by those in the 35 - 44 years age group (16%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 4%.
Mishawaka, Indiana Renter-occupied housing units by family type**
Mishawaka, Indiana Renter-occupied housing units by the presence of own children**
A total of 4,321 apartments for rent in Mishawaka, Indiana, or 36% of all rentals are family households. Additionally, 21% of rental homes include children under the age of 18 – that’s 2,455 units. All in all, the median size of a renter-occupied household in Mishawaka, Indiana is 1.93.
Mishawaka, Indiana Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 27% of the rental market. In contrast, residents with less than a high school degree reside in 7% of the homes for rent in Mishawaka, Indiana.
Mishawaka, Indiana Renter-occupied units by year structure built**
The highest share of Mishawaka, Indiana apartment rentals, namely 17% or 2,044 units, were Built 1970 - 1979, followed by those Built 1990 - 1999 (16%, 1,917 units), and the ones Built 1960 - 1969 (14%, 1,714 units).
Mishawaka, Indiana Renter-occupied units by year householder moved in**
Median year renter moved into unit 2017
Most Mishawaka, Indiana renters (42%) moved in 2010 to 2017, while only 1% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Mishawaka, Indiana condos for rent is 2017.
Mishawaka, Indiana Renter-occupied housing units by vehicles available**
When it comes to transportation options, 60% of Mishawaka, Indiana renters have 1 vehicle available per household, 26% of them have 2 vehicles available, and 11% have No vehicle available.
Mishawaka, Indiana Means of transportation to work of householders living in renter-occupied housing units**
Mishawaka, Indiana Geographical mobility in the past year for householders living in renter-occupied housing units**
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 Mishawaka, Indiana apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
