1

Nappanee, IN Home for Rent

Section Image
  • /8

    $1,350

    Total Monthly Price

    • 3 Beds
    • 1 Bath
    • 1,075 Sq Ft
    • House for Rent

    406 S Elm St, Nappanee, IN 46550

    2-3 bedroom, 1 bath two story house in a great neighborhood in Nappanee. Central air conditioning, new floors, laundry hookup, city water and sewer and ready for you to make it your home. Parking is on the streetUtilities need to be put in your name. There is a detatched apartment in the rear of the property

    406 S Elm St, Nappanee, IN 46550

Why Live in Nappanee

Nappanee, Indiana, a small town with a population of around 7,000, is known for its rich history, vibrant downtown, and highly rated Wa-Nee Community Schools. The town's historic downtown features restored buildings, murals, and long-standing family-owned businesses, creating a community-oriented atmosphere. Nappanee is influenced by a significant Amish population, contributing to its unique character with horse-drawn buggies and bicycles commonly seen around town. The housing market in Nappanee includes a mix of early 1900s bungalows, American Foursquares, National-style homes, midcentury split-levels, ranch-style homes, and newer Craftsman-inspired builds. The town's attractions include Coppes Commons, a former cabinet factory turned community hub with artisan shops, eateries, and the Coppes History Museum. Outdoor spaces are abundant, with eight parks, a dog park, Callander Sportsplex, McCormick Creek Golf Course, and Borkholder Nature Center and Wetlands. Stauffer Park, the largest park, features a wooden playground and the Nappanee Art Path with over 130 sculptures. Nappanee is conveniently located near major highways, making it easy to reach Warsaw and Elkhart, both about 20 miles away, and Goshen, 15 miles away. The annual Nappanee Apple Festival, held every September, attracts 80,000 visitors for food, crafts, live entertainment, and Indiana's largest apple pie.

Frequently Asked Questions

How much does it cost to rent a home in Nappanee, IN?
The median rent for a home in Nappanee, IN is $1,000 per month, though prices vary by neighborhood, size, and property type. As of August 2026, condos tend to be the most affordable option while single-family homes are currently more expensive.
How much do you need to make to afford rent in Nappanee, IN?
To comfortably afford the median rent in Nappanee, IN, a household needs to earn roughly $40,000 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 $1,000 per month in Nappanee, IN, renters typically need to show $3,000 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 Nappanee, IN?
In Nappanee, IN, the price-to-rent ratio is 20.0, 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.

Rental Home Trends

Number of Homes for Rent
1
Median Rent
$1,000
Median Single Family Home Rent
$1,350
Median Condo Rent
$650
How to Rent a Home