$1,200 Per Month
- 3 Beds
- 1 Bath
- House for Rent
719 W Cleveland Ave, Elkhart, IN 46516
Property Id: 2406265In a growing neighborhood! Property values going up as city expands on South side! New splashpark coming soon nearby!
Frequently Asked Questions
How much does it cost to rent a single-family home in Elkhart, IN?
The median rent for a single-family home in Elkhart, IN is $1,395 per month, though prices vary by neighborhood, size, and property type. As of July 2026, condos tend to be the most affordable option while townhouses and single-family homes are currently more expensive.
How much do you need to make to afford rent in Elkhart, IN?
To comfortably afford the median rent in Elkhart, IN, a household needs to earn roughly $51,880 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $1,297 per month in Elkhart, IN, renters typically need to show $3,891 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Elkhart, IN?
In Elkhart, IN, the price-to-rent ratio is 13.2, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
