Rental market snapshot for South Bend, Indiana

South Bend, Indiana Rental Property Market Overview

The average rent for an apartment in South Bend is $1,259. The cost of rent varies depending on several factors, including location, size, and quality.

The average rent has decreased by -13.5% over the past year.

South Bend is a city in northern Indiana, on the St. Joseph River. It is the fourth-largest city in Indiana, with a population of 101,168 as of the 2010 census. The city is the economic and cultural hub of the region known as Michiana. The city's metropolitan area has a population of 316,663, and the South Bend–Elkhart–Mishawaka combined statistical area has a population of 631,275. South Bend is home to the University of Notre Dame, the largest Catholic university in the United States. The city is also home to two major medical centers: Memorial Hospital of South Bend and South Bend Medical Foundation. The city is also the site of the Studebaker National Museum, which houses the largest collection of Studebaker vehicles in the world.

Last Updated December 23, 2022

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Average monthly rent graph in South Bend Indiana | Cost of Living

  • The most expensive ZIP Code in South Bend is 46617 with an average price of $1,800
  • The cheapest ZIP Code in South Bend is 46615 with an average price of $650

South Bend ZIP Codes with the highest, most expensive rent

#zip codeaverage rent

Live near South Bend, Indiana's Top Sights and Attractions

The Potawatomi Zoo is a small zoo located in South Bend, Indiana. The zoo is home to a variety of animals, including lions, tigers, and bears. The zoo also has a petting zoo and a playground.

Sculpture Walk is a one-mile loop on the IU South Bend campus that features sculptures by artists from around the world.

Coquillard Park is a large park with a playground, a basketball court, a pond, and a walking trail.

Howard is the home of the University of Notre Dame.

Potawatomi Park is a large park located on the St. Joseph River in South Bend, Indiana. The park features a playground, pavilion, walking trails, and a riverfront boardwalk.

The Belleville Softball Complex is a world-class facility that hosts both local and national tournaments. The complex features 12 lighted softball fields, a concessions area, and a playground.

The Kennedy Water Park is a large water park with several slides, a lazy river, and a wave pool. The park also has a playground, a picnic area, and a sand volleyball court.

Potawatomi Zoological Society is a non-profit organization that operates Potawatomi Zoo. The zoo is located on the St. Joseph River in South Bend, Indiana, United States. The zoo is accredited by the Association of Zoos and Aquariums (AZA).

South Bend, Indiana area median rent change by ZIP Code map

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How does South Bend compare to other cities in Indiana ?

citymedian price
East Chicago$795

Average household income in South Bend area graph - US Census

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The median household income in South Bend in 2021 was $42,657. This represents a 22.8% change from 2011 when the median was $34,749.

0Less than $10,0009.9%
1$10,000 to $14,9996.1%
2$15,000 to $19,9996.2%
3$20,000 to $24,9996.4%
4$25,000 to $29,9995.8%
5$30,000 to $34,9995.5%
6$35,000 to $39,9996.2%
7$40,000 to $44,9996.5%
8$45,000 to $49,9994.2%
9$50,000 to $59,9998.3%
10$60,000 to $74,99910.3%
11$75,000 to $99,9999.9%
12$100,000 to $124,9996.7%
13$125,000 to $149,9992.8%
14$150,000 to $199,9992.7%
15$200,000 or more2.6%

Frequently asked questions

Our data is best categorized as "alternative data", which is a burgeoning sector. Through partnerships and direct feeds, we extract key factual elements that are publicly available within rental listings on internet listing sites and property websites. Once aggregated, we mine through the data to parse out relevant insights and calculate important metrics, benchmarks, and other KPIs. Each week, our system sifts through millions of listing observations and other pockets of market information to deliver the most comprehensive picture of rental housing available.

This is a metric that we try not to overthink. Simply, we take each unique listing observation within a geographic boundary and calculate a simple average. Of course, we're careful to filter for duplicates and other listings that aren't reflective of the market.

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While some of our data is refreshed daily and other data comes in weekly, the bulk of it comes in on a biweekly basis.

Our coverage is nationwide! In our platform, we have data points for every ZIP code and neighborhood boundary in the country.

Every rental housing unit is differentiated by attributes such as its location, square footage, and amenity composition. Thanks to machine learning and natural language processing technologies we deploy, we're able to deconstruct our rental listing data points and identify key amenities for each listing. With this information, we're able to give signals around how certain amenities drive rental pricing value in certain areas.

Well, we think so! At the highest level, our process is simple. Listings data is ingested, cleaned (de-duplicated. etc.), analyzed for insights, and then presented to our users.
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