The 87
1924 Victory March Way,
South Bend, IN 46637
Studio - 4 Beds | $995 - $1,760
Rental Market Trends in South Bend, IN
What is the average rent in South Bend, IN?
$1,171/month
Average Rent
696 Sq Ft
Average Apartment Size
+4.4%
Increase in the Last Year
As of April 2025, the average rent in South Bend, IN is $1,171 per month. This is 28% lower than the national average rent of $1,623/month, making renting in South Bend more affordable than most cities in the US. When you rent an apartment in South Bend, you can expect to pay about $1,150 per month for a studio, $1,171 for a one-bedroom apartment, and around $1,326 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,664 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 South Bend, IN?
In the past year, rent has increased by 4.4%, which averages out to $52 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 April 2025
Legend
2024
2025
Rent Ranges in South Bend, IN
Last Updated April 2025
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
15%
Below $700/month
18%
$700 - $1,000/month
49%
$1,001 - $1,500/month
13%
$1,501 - $2,000/month
5%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in South Bend?
Based on current rent prices, River Park, UNITE and Council Oak are the most affordable neighborhoods in South Bend.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in South Bend?
Based on current rent prices, Northeast South Bend, Downtown South Bend and East Central are the most expensive neighborhoods in South Bend.
Neighborhood
Average Rent
Average Sq Ft
Which South Bend neighborhoods have the most rentals available?
The neighborhoods in South Bend with the most apartments available are Southside South Bend, Northeast South Bend and North Side .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in South Bend, IN?
Because the average rent in South Bend is $1,171, you’ll want to make about $3,903 per month or $46,836 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.
Cost of Living
The cost of living in South Bend, IN is 10.0% lower than the national average. Generally, housing in South Bend is 15.5% less expensive than the national average, with rent falling between $1,150 - $1,664. You can expect to pay 0.1% less for groceries, 4.8% less for utilities, and 6.4% less for transportation.
How does South Bend, IN compare to other nearby cities and neighborhoods?
Use the tool below to compare South Bend, 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.
Studio
-
$1,435/month
One Bedroom
$717/month
$1,812/month
Two Bedroom
$993/month
$2,190/month
Three Bedroom
-
$2,956/month
Nearby City Rent Trends
Apartment communities in South Bend we think you'll love
Property Management Companies in South Bend, IN
Edward Rose & Sons
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141
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70,987
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86
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5 Communities in South Bend
Flaherty & Collins, Inc
-
48
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11,702
Units
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37
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4 Communities in South Bend
LV Property Management
-
20
Communities
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3,607
Units
-
8
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4 Communities in South Bend
Balke Brown Transwestern
-
61
Communities
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11,079
Units
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25
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3 Communities in South Bend
Gene B. Glick Company
-
35
Communities
-
8,681
Units
-
21
Cities
3 Communities in South Bend
Equity Property Management, LLC
-
15
Communities
-
2,224
Units
-
12
Cities
2 Communities in South Bend
Strategic Management Solution, LLC
-
11
Communities
-
2,135
Units
-
8
Cities
2 Communities in South Bend
Morgan Properties
-
326
Communities
-
98,267
Units
-
199
Cities
1 Community in South Bend
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Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
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.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2025.
* Percentages may not total 100 due to rounding.