Rent in Elkhart, IN at a glance
2-bedroom rent (HUD)
$1,183$14,196 a year · HUD fiscal year 2026From October 1, 2026: $1,253 (+5.9%)How much rent can you afford in Elkhart, IN?
HUD’s fair market rent for each size, against what a typical household here earns. Change the income to see yours.
Rent in Elkhart, IN by bedroom, and the pay it takes
Income needed keeps rent at 30% of gross pay; the hourly figure assumes one full-time job, 2,080 hours a year.
| Size | A month | A year | Income needed | Hourly wage needed |
|---|---|---|---|---|
| Studio | $968 | $11,616 | $38,720 | $18.62/hr |
| 1 bedroom | $992 | $11,904 | $39,680 | $19.08/hr |
| 2 bedroomsMost searched | $1,183 | $14,196 | $47,320 | $22.75/hr |
| 3 bedrooms | $1,553 | $18,636 | $62,120 | $29.87/hr |
| 4 bedrooms | $1,581 | $18,972 | $63,240 | $30.40/hr |
Cost of living in Elkhart, IN: income, prices and a budget →
Living and working in Elkhart, IN
Rent in Elkhart, IN: common questions
How much is rent going up in Elkhart, IN in 2027?
HUD's Fair Market Rent for fiscal 2027, which takes effect October 1, 2026, is $1,253 for a two-bedroom, up 5.9% from $1,183. A one-bedroom goes from $992 to $1,048, a studio from $968 to $1,008.
These are HUD's estimates of what a typical recently rented unit costs, used for housing vouchers. A landlord's increase on your lease follows your lease and your state's rules, not this figure.
What is the average rent in Elkhart, IN?
HUD's Fair Market Rent for 2026 is $992 for a one-bedroom and $1,183 for a two-bedroom, utilities included. That is $14,196 a year for the two-bedroom.
It is not an average of current listings. HUD sets it at the rent 40% of recent movers paid or less for a standard unit, so asking rents on newer places usually run higher.
How much do you need to make to afford rent in Elkhart, IN?
To keep a $1,183 two-bedroom at 30% of gross pay, one full-time worker needs $22.75 an hour, or $47,320 a year. A one-bedroom at $992 takes $19.08 an hour.
How much is a 1, 2 or 3-bedroom apartment in Elkhart, IN?
At HUD's 2026 Fair Market Rent: studio $968, one bedroom $992, two $1,183, three $1,553 and four $1,581 a month.
Is rent affordable in Elkhart, IN?
For the typical household, earning $51,028 a year ($4,252 a month, Census ACS), a two-bedroom at $1,183 takes 27.8% of income. Under 30% is the usual line for affordable; this is under it.
How is the income needed for rent worked out?
Rent for a year divided by 0.30, the share of gross income HUD treats as affordable: ($1,183 × 12) ÷ 0.30 = $47,320. Divided by 2,080 working hours, that is $22.75 an hour.