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RentData.org Logo South Bend-Mishawaka Fair Market Rent FY 2023 South Bend-Mishawaka, IN HUD Metro FMR Area Rental Data

Fair Market Rent Prices in South Bend-Mishawaka, IN :
$755 $923 $1,099 $1,397 $1,476
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Moderate 40th Percentile Metro Area

Fair Market Rent prices in South Bend-Mishawaka are high compared to the national average. This FMR area is more expensive than 83% of other FMR areas. Fair Market Rent for a two-bedroom apartment in South Bend-Mishawaka is $1,099 per month.

The previous year, rent for a two-bedroom home was $981 per month. This is a 12.03% increase year-over-year.

This FMR rate applies to Wyatt, IN, Notre Dame, IN, Mishawaka, IN, South Bend, IN and other cities within the region. The Metro Code or CBSA code for this region is METRO43780M43780.

Additionally, This Fair Market Rent (FMR) area South Bend-Mishawaka, IN HUD Metro FMR Area spans one county or city in Indiana which is listed in the table below. Estimated population of South Bend-Mishawaka, IN HUD Metro FMR Area FMR area is 270,881 people based on latest Census data.

Compared to the rest of Indiana, the South Bend-Mishawaka FMR area is more expensive than 91% of the state.

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What is Fair Market Rent?

Fair Market Rent is determined each fiscal year by the HUD and is used to set payment standards for federal housing assistance programs in South Bend-Mishawaka. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in South Bend-Mishawaka

To compute the 40th percentile of rent prices the HUD must determine the median or 50th percentile as well. 50th percentile rent prices are NOT fair market rents (unless otherwise noted as a 50th percentile designated region above). However, some home owners or rents may be interested in the median rent prices as well.

50th Percentile Rental Prices:
0-BR Studio / Efficiency $ 813
1-BR 1-Bedroom $ 995
2-BR 2-Bedroom $ 1184
3-BR 3-Bedroom $ 1505
4-BR 4-Bedroom $ 1591
Change Year:
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

There is just one county (listed below) within the South Bend-Mishawaka, IN HUD Metro FMR Area FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers one metro area: South Bend - Elkhart.

County / Region Est. Population
South Bend-Mishawaka, IN Metro 270,881
Zip Codes in South Bend-Mishawaka, IN HUD Metro FMR Area

There are 20 unique zip codes in this Fair Market Rent (FMR) area:

46544, 46545, 46546, 46556, 46595, 46601, 46613, 46614, 46615, 46616, 46617, 46619, 46624, 46626, 46628, 46634, 46635, 46637, 46660 and 46680

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