Mill at Ironworks Plaza
235 Ironworks Ave,
Mishawaka, IN 46544
Studio - 2 Beds | $1,425 - $2,779
Rental Market Trends in Mishawaka, IN
What is the average rent in Mishawaka, IN?
$1,093/month
Average Rent
691 Sq Ft
Average Apartment Size
+9.8%
Increase in the Last Year
As of January 2025, the average rent in Mishawaka, IN is $1,093 per month. This is 30% lower than the national average rent of $1,553/month, making renting in Mishawaka more affordable than most cities in the US. When you rent an apartment in Mishawaka, you can expect to pay about $1,019 per month for a studio, $1,093 for a one-bedroom apartment, and around $1,307 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,803 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Mishawaka, IN?
In the past year, rent has increased by 9.8%, which averages out to $108 more per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated January 2025
Legend
2024
2025
Rent Ranges in Mishawaka, IN
Last Updated January 2025
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
40%
$700 - $1,000/month
48%
$1,001 - $1,500/month
8%
$1,501 - $2,000/month
4%
Above $2,000/month
What salary do I need to live comfortably in Mishawaka, IN?
Because the average rent in Mishawaka is $1,093, you’ll want to make about $3,643 per month or $43,716 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does Mishawaka, IN compare to other nearby cities and neighborhoods?
Use the tool below to compare Mishawaka, IN to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
Nearby City Rent Trends
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Property Management Companies in Mishawaka, IN
Edward Rose & Sons
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140
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70,733
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86
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Flaherty & Collins, Inc
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48
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11,868
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38
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4 Communities in Mishawaka
LV Property Management
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20
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3,520
Units
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8
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4 Communities in Mishawaka
Equity Property Management, LLC
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15
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2,224
Units
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12
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3 Communities in Mishawaka
Balke Brown Transwestern
-
55
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10,130
Units
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21
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2 Communities in Mishawaka
IGC Residential Property Management
-
27
Communities
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3,569
Units
-
18
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2 Communities in Mishawaka
Monarch Investment and Management Group
-
306
Communities
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74,903
Units
-
140
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1 Community in Mishawaka
PRE/3
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176
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13,838
Units
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114
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1 Community in Mishawaka
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Methodology
† Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
* Percentages may not total 100 due to rounding.