Apartments in 46516

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$650
Elkhart, IN
1 BR | Available Now
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$850
Elkhart, IN
1 BR | Available Now
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$1,500
619 W Indiana Ave Elkhart, IN
4 BR | Available Now
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How much does it cost to rent an apartment in 46516?

46516 apartments
Bed Type Average Rent Range
Studio $550 $550 - $550
1BR $930 $590 - $1,020
2BR $1,070 $740 - $1,490
3BR $1,250 $800 - $2,300
Find an Apartment in 46516
Looking for apartments for rent in the 46516 zip code in Elkhart, IN? Rentable has a variety of options available for you. Currently, there are 98 units ready for rent in this area. The average rent in 46516 is $1,000, with the least expensive studio units starting at $550.

No matter what type of apartment you're looking for, Rentable has listings in the 46516 zip code that cater to various preferences and budgets. Take a look at our apartments near 46516 and find your perfect home today!

Elkhart:
November Rent Report

Welcome to the November 2024 Elkhart Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the November 2024 key findings and figures for the Elkhart rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Elkhart and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Elkhart average rent prices in the chart below.

Monthly Rent Report

$1,450
$1,090
$730
$360
$0
Dec. 2023
Jan. 2024
Feb. 2024
Mar. 2024
Apr. 2024
May. 2024
Jun. 2024
Jul. 2024
Aug. 2024
Sep. 2024
Oct. 2024
Nov. 2024
1 BR       2 BR

Elkhart Rent Prices Increase From October to November

Elkhart rent prices increased over the last month. From October to November, the city experienced a 1.57% increase for the price of a one-bedroom apartment. The rent price for a Elkhart one-bedroom apartments currently stands at $907.0.

When we take a look at the two-bedroom comparison from October to November, Elkhart experienced a 1.51% increase for the price of a two-bedroom apartment. The rent price for a Elkhart two-bedroom apartments currently stands at $1,342.0.

November Prices: Elkhart vs. Surrounding Areas

Rent Prices in Elkhart and Surrounding Areas

Rent prices have increased in Elkhart over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 0 of the Elkhart suburbs increased last month. On the other hand, 0 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rents did not increase in any of the Elkhart suburbs

  • Rents did not decrease in any of the Elkhart suburbs.

November 2024 Pricing Trends: Elkhart vs. National Comparisons

New York, NY
San Francisco, CA
Los Angeles, CA
Washington, DC
Chicago, IL
Columbus, OH
Minneapolis, MN
Pittsburgh, PA
$4,211
$3,115
$2,373
$2,354
$1,903
$1,338
$1,246
$1,202
$0
$1,400
$2,800
$4,200
$5,600
Median Rent

Elkhart Rent Prices More Affordable Than Major Cities

Rent growth in Elkhart over the past year has been on the rise. When compared to major cities nearby, along with some of the most expensive cities in the country, Elkhart average rent prices appear to be relatively affordable for local residents.

The price for a Elkhart one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

For more information about Elkhart and surrounding area rent prices, take a look at the complete data set below.

Data set for Elkhart and suburbs

1 BR November 1 BR M/M % Change 2 BR November 2 BR M/M % Change

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.