South Bend, IN Rental Market
South Bend is anchored by the University of Notre Dame — one of the country's most recognizable universities — which drives consistent demand from students, faculty, and university staff year-round. Beacon Health System and several advanced manufacturing employers round out the local economy. The city has undergone significant downtown revitalization, and its location near the Michigan border and South Shore rail line gives commuters access to the greater Chicago metro.
Get a rent estimate for an address in South BendAverage Rent in South Bend, IN
$980
per month · 2026-06
Market Score
Key Facts — South Bend, IN Rental Market
- Average rent in South Bend, IN:$980/mo
- Median rent:$902/mo
- Rent range:$500 – $2,150/mo
- Most common rental (2 bedrooms):$875/mo
- Active listings:580
- Avg days to lease:36 days
- Year-over-year change:+2.8%
- Median home value:$160,000
- Est. gross annual yield:7.4%
- Data as of:2026-06
Rent by Bedroom in South Bend, IN
Average monthly rent for each bedroom type based on current active listings in South Bend.
| Bedroom Type | Avg Rent/mo |
|---|---|
1 Bedroom | $700/mo |
2 Bedrooms | $875/mo |
3 Bedrooms | $1,100/mo |
4 Bedrooms | $1,350/mo |
5 Bedrooms | $1,550/mo |
South Bend Rental Market Statistics
Key indicators from the current South Bend, IN rental market.
580
Available now in South Bend
36
From list to lease
$0.79
Average across listings
1,244 sq ft
Typical rental size
$500 – $2,150
Min to max active listings
+2.8%
Avg rent vs. prior year
Investing in South Bend, IN Rental Properties
Estimated returns based on current market rents and median home values. Perform full due diligence before investing.
Median Home Value
$160,000
Typical purchase price in South Bend
Est. Gross Annual Yield
7.4%
Before expenses & vacancy
Avg Monthly Income
$980
At average market rent
Gross yield = (avg rent × 12) ÷ median home value. Does not include expenses, financing, vacancies, or management fees. Analyze a specific property in South Bend for a full cash-flow breakdown including all costs.
South Bend, IN Rental Market FAQ
Common questions about renting and investing in South Bend, IN.
What is the average rent in South Bend, IN?
The average rent in South Bend, IN is $980 per month as of 2026. One-bedroom apartments average $700/mo, two-bedrooms $875/mo, and three-bedroom homes $1,100/mo. Areas near Notre Dame and Eddy Street Commons command above-average rents.
Is South Bend, IN a good place to invest in rental property?
South Bend offers an estimated 7.4% gross annual yield with a durable Notre Dame-anchored tenant base and very affordable median home values (~$160,000). University-adjacent properties command reliable demand year-round, making it a compelling option for investors who understand college-town dynamics.
How competitive is the South Bend, IN rental market?
South Bend averages 36 days on market with approximately 580 active listings. The Notre Dame corridor is significantly more competitive, often leasing within 2–3 weeks ahead of the fall semester. Properties further from campus are more moderately paced.
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