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Studio Apartments for Rent in Warsaw, IN

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    Starting at $1,275 Per Month

    • Studio - 2 Beds

    501 S Mckinley St, Warsaw, IN 46580

    Union Station Lofts – Warsaw Living, ElevatedIf you’ve been waiting for something different in Warsaw, Indiana… this is it.Union Station Lofts brings bold design, rooftop views, and walkable energy together in one unforgettable address. These one- and two-bedroom residences are open, airy, and filled with natural light — with sleek kitchens, modern finishes, and layouts that feel

    Union Station Lofts

    501 S Mckinley St, Warsaw, IN 46580
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    Starting at $750 Per Month

    • Studio - 1 Bed

    600 N Colfax St, Warsaw, IN 46580

    The feeling of home is clearly evident here at Courts of Colfax. Beautifully landscaped grounds welcome you to this senior only, 55 and better community. At Courts of Colfax we invite you to become a member of our community where you can enjoy all the benefits of affordable, independent living nestled in a unique neighborhood setting.

    Courts of Colfax Apartments

    600 N Colfax St, Warsaw, IN 46580

Why Live in Warsaw

Warsaw, Indiana, known as the “Orthopedic Capital of the World,” is a small city with a population of around 16,000. The orthopedic industry, led by companies like DePuy Synthes, has driven the city's growth and attracts many professionals to the area. Housing options in Warsaw include a balanced mix of older homes and new constructions, with more modern neighborhoods on the city's outskirts. The median home price is $260,000, aligning with the state median. Warsaw Community Schools are highly rated, and the city offers several local universities, including Ivy Tech and Indiana Tech campuses, and Grace College. Recreational activities are abundant, with three lakes within the city and Winona Lake nearby, offering swimming, fishing, and waterside rentals. The city also features miles of greenways and bike trails, and indoor attractions like the Wagon Wheel Center for the Arts and the City-County Athletic Complex. Warsaw hosts numerous outdoor events, including the Fat & Skinny Tire Fest and lakeshore concerts. Downtown Warsaw is revitalizing with chic new condos and local boutiques, while Winona Lake offers upscale shopping and dining. U.S. Route 30 provides access to Fort Wayne, Chicago, and South Bend, each with their own airports. Crime rates in Warsaw are on par with state averages, with a noted decrease since 2020.

Frequently Asked Questions

How much does it cost to rent a home in Warsaw, IN?
The median rent for a home in Warsaw, IN is $2,595 per month, though prices vary by neighborhood, size, and property type. As of July 2026, single-family homes tend to be the most affordable option.
How much do you need to make to afford rent in Warsaw, IN?
To comfortably afford the median rent in Warsaw, IN, a household needs to earn roughly $103,800 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 $2,595 per month in Warsaw, IN, renters typically need to show $7,785 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 Warsaw, IN?
In Warsaw, IN, the price-to-rent ratio is 13.3, 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
2
Median Rent
$2,595
Median Single Family Home Rent
$2,595
How to Rent a Home