The Foundry
1233 N Eddy St,
South Bend, IN 46617
Studio - 3 Beds | $1,299 - $4,230
Rental Market Trends in South Bend, IN
What is the average rent in South Bend, IN?
$1,184/month
Average Rent
698 Sq Ft
Average Apartment Size
+6.6%
Increase in the Last Year
As of February 2025, the average rent in South Bend, IN is $1,184 per month. This is 24% lower than the national average rent of $1,557/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 $1,134 per month for a studio, $1,184 for a one-bedroom apartment, and around $1,308 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,637 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 6.6%, which averages out to $79 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 February 2025
Legend
2024
2025
Rent Ranges in South Bend, IN
Last Updated February 2025
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
15%
Below $700/month
18%
$700 - $1,000/month
51%
$1,001 - $1,500/month
10%
$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, Council Oak and UNITE 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 West Washington 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 $1,184, you’ll want to make about $3,946 per month or $47,352 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 $1,134 - $1,637. 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
-
$1,414/month
One Bedroom
$715/month
$1,816/month
Two Bedroom
$988/month
$2,192/month
Three Bedroom
-
$3,077/month
Nearby City Rent Trends
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Equity Property Management, LLC
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Monarch Investment and Management Group
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306
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PRE/3
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Village Green
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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.