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Wakarusa, IN Home for Rent

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    $2,000 Per Month

    • 4 Beds
    • 2 Baths
    • 1,328 Sq Ft
    • 420 N Main St

    220 E Wabash Ave, Wakarusa, IN 46573

    Welcome to this beautifully remodeled 4-bedroom, 2-bath unit nestled in a quiet, picturesque small town. Thoughtfully updated throughout, this home offers modern finishes, spacious bedrooms, and a well-designed layout ideal for families or professionals. Enjoy the serenity of small-town living while still having all the comforts of a newly updated home. Discover this charming single-family home,

    220 E Wabash Ave, Wakarusa, IN 46573

Why Live in Wakarusa

Wakarusa, IN, located in northern Indiana’s Amish country, is a small town of about 2,000 residents in Elkhart County. The community is known for its relaxed pace of life, competitively priced homes, and top-rated Wa-Nee Community Schools District, which offers college credit and career classes. The town features a solid downtown core with walkable neighborhoods, and homes range from early 1900s bungalows and Colonial Revivals to midcentury split-levels and ranch-style residences, as well as New Traditional and Craftsman-inspired houses. Downtown and Memorial parks serve as hubs for outdoor recreation, with amenities like a wooden playscape, covered picnic tables, walking paths, butterfly garden, disc golf course, and splash pad. Lake Wawasee and Syracuse Lake are 20 miles away, providing additional lakeside attractions. Wakarusa is part of the Elkhart Heritage Trail, which includes Quilt Gardens and a self-guided audio tour. The town’s nostalgic Wakarusa Dime Store, Cook’s Pizza, Shortstop Inn, and The Garage Coffee Shop offer casual dining options. State Route 19 features fast-food restaurants, a Dollar General, and Grandma’s Pantry grocery store. Major employment hubs like Goshen, Elkhart, and South Bend are within a 30-minute drive, making commutes convenient. The annual Wakarusa Maple Syrup Festival, held in late April, is a cherished tradition with entertainment, children’s activities, artisan vendors, and a Lions Club pancake and sausage breakfast.

Frequently Asked Questions

How much does it cost to rent a home in Wakarusa, IN?
The median rent for a home in Wakarusa, IN is $2,000 per month, though prices vary by neighborhood, size, and property type. As of September 2026, single-family homes tend to be the most affordable option.
How much do you need to make to afford rent in Wakarusa, IN?
To comfortably afford the median rent in Wakarusa, IN, a household needs to earn roughly $80,000 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 $2,000 per month in Wakarusa, IN, renters typically need to show $6,000 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 Wakarusa, IN?
In Wakarusa, IN, the price-to-rent ratio is 10.6, 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.
What neighborhoods in Wakarusa, IN are best for renting a home?
The best neighborhood for renting in Wakarusa, IN depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Tipton Area, West Central and Riverside, each with its own character and price range.

Rental Home Trends

Number of Homes for Rent
1
Median Rent
$2,000
Median Single Family Home Rent
$2,000
How to Rent a Home