Updated 5+ Days Ago
Location
205 Michigan Ave, Valparaiso, IN 46383, USA
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Property Overview
205 Michigan Avenue offers strong overall value with an 8.3 Zumper Expert Rating, combining standout pricing, solid amenities, and a highly convenient location. It also ranks well for value for money, with a nearby top-rated high school and a detailed, trustworthy property description that helps set clear expectations.
This summary uses Zumper’s proprietary data. “Zumper Expert Ratings” and “Things you’ll love” are based on our internal analyses of market trends and renter insights.
Things you’ll love
High school nearby- Less expensive
Floor plans
| 205 Michigan Avenue - 5 | 1 bed | 1 bath | 584 sqft | $995 /mo | |||
| 205 Michigan Avenue - 2 | 3 bed | 2 bath | 1,180 sqft | $1,800 /mo |
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Policies and fees
Applicants
Application Fee
Per-applicant. Agent application fee.
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REQUIRED FEES
Security Deposit
One-time.
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Questions about this property’s policies and fees?
Building details
Property details
| Units | 2 |
|---|
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About 205 Michigan Avenue
205 Michigan Avenue cost $995–$1,800 per month. Located at 205 Michigan Ave, Valparaiso, IN 46383, USA, 205 Michigan Avenue has 1 — 3 bedroom units available. Based on the average rent price of 3 bedrooms in Valparaiso, renting an apartment at 205 Michigan Avenue is 14% cheaper per month.Other apartment buildings in or around Valparaiso include but are not limited to: 2113 Kelle Dr
Zumper Expert Rating
Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
8.3
/10
Very GoodWith a solid 8.3 out of 10 overall, 205 Michigan Avenue is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, 205 Michigan Avenue has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.
Price·10A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
205 Michigan Avenue offers an excellent balance between price and value. It's priced competitively for its amenities, location, and other key features. Compared to the median price per bedroom in the area, this property is less than, or about the same as, nearby rentals, so residents can expect great value without too many compromises on their desired standard of living.
Amenities·8A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
With multiple in-demand amenities, 205 Michigan Avenue is committed to enhancing the renting experience. And while it may have fewer total conveniences and features than similar rentals nearby, it remains a top choice for renters wanting an specific standard of living.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
205 Michigan Avenue is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·6A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
While 205 Michigan Avenue does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·7A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
205 Michigan Avenue provides some information about the features available in the community and its apartments, making it a reliable option for prospective renters. Renters should ask additional questions about amenities and non-negotiable items they are looking for.
Property highlights
We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.How 205 Michigan Avenue compares to other nearby properties.
Positives
- High school nearby
- There is a high school 0.5 mile away
- Less expensive
- The 1-bedrooms are cheaper than other similar listings nearby
Considerations
- Lacks images
- Fewer than 10 photos available for this location
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Rent trends in Valparaiso
1-bedroom apartments here are priced 10% lower than 1-bedrooms in Valparaiso.
3-bedroom apartments at 205 Michigan Avenue cost about 14% less than the average rent price for 3-bedroom apartments in Valparaiso.
Median rents as of Sep 12 2026.
Valparaiso
| Month | Median Rent |
|---|---|
| September 2024 | $925 |
| November 2024 | $925 |
| December 2024 | $981 |
| January 2025 | $1,000 |
| April 2025 | $825 |
| May 2025 | $846 |
| June 2025 | $889 |
| July 2025 | $896 |
| August 2025 | $984 |
| September 2025 | $969 |
| December 2025 | $950 |
| January 2026 | $922 |
| February 2026 | $937 |
| March 2026 | $975 |
| April 2026 | $948 |
| May 2026 | $937 |
| June 2026 | $912 |
| July 2026 | $937 |
| August 2026 | $933 |
| September 2026 | $927 |
Affordability calculator
Can I afford to live at 205 Michigan Ave?
Bedrooms
Rent-to-income ratio
30%
Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income
$39,800/yr
With your selected rent-to-income ratio, you'd ideally want to make $39,800 annually to afford this 1-bedroom monthly rent price of $995.
For more information on rent affordability, visit our rent calculator.
Schools near 205 Michigan Avenue
Heavilin Elementary School
2450 heavilin rd
valparaiso, IN, 46383
K-5Public
A
Central Elementary School
653 hayes leonard rd
valparaiso, IN, 46385
K-5Public
A
Trojan Virtual Academy
601 w morgan ave
chesterton, IN, 46304
K-12Public
Golden Bear Preschool
1115 e state rd 44
shelbyville, IN, 46176
PK, KPublic
Gary Virtual Academy
1800 e 35th ave
gary, IN, 46409
K-12Public
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Internet available near 205 Michigan Avenue
Neighborhood
Getting around Valparaiso near 205 Michigan Ave
Walking
6/10
Grab your reusable bags–many shops and stores are within walking distance.
Driving
7/10
This area is close to freeways and has adequate parking options.
Cycling
4/10
This is semi-bikeable, but you’ll need another way of getting around.
Transit
3/10
There are a few mass transit options within the area.
Points of interest for 205 Michigan Ave, Valparaiso
Groceries
9/10
At least one supermarket within a 10-minute walk
Shopping
6/10
Several shops within walking distance
Cafes
6/10
Some cafés within a few minutes’ walk
Restaurants
6/10
Variety of restaurants within a few minutes' walk
Primary schools
8/10
At least one elementary school within a 10-minute walk
High schools
5/10
At least one high school within a 20-minute walk
Parks
6/10
Large amount of park space nearby
Nightlife
4/10
Some bars within walking distance
Explore the area around 205 Michigan Ave
Hilltop Pantry
604 Monroe St
El Sabor Poblano Fresh Market
902 Calumet Ave
El Solto Grocery
1708 Lincolnway
Town & Country
1605 Calumet Ave
Walmart Supercenter
2400 Morthland Dr
Catherine's Bridal Boutique
113 Lincolnway
Sir Fashions LLC
61 Indiana Ave
Presbyterian Resale Shop
7 Lincolnway
Edie Boutique
1 Lincolnway
Silcotts LLC
18 Washington St
Roots Market Cafe
108 Lincolnway
Fluid Coffee
159 Lincolnway
Spice & Tea Exchange
161 Lincolnway
Fluid Coffeebar Plus Bosco STR
260 Franklin St
Fluid Coffee Roasters
260 Franklin St
Parea
69 Franklin St
Buffalo Wild Wings
212 Lincolnway
Stacks Bar & Grill
175 Lincolnway
Washington St Tap Room
11 Washington St
Pikk's Tavern
62 Lincolnway
Old World Market
76 Washington St
Designer Desserts
56 Lincolnway
Bao's Pastry
12 Jefferson St
Belle Estanni Bake Shoppe
66 Lincolnway
Spice & Tea Exchange
161 Lincolnway
Will Park
The Rotary Library Garden
Central Park
Playground
Mound Street Park
Jimmy's Cafe
55 Michigan Ave
Parea
69 Franklin St
Main & Lincoln
210 Lincolnway
Tony's
218 Lincolnway
Buffalo Wild Wings
212 Lincolnway
Michigan / Indiana (Transfer Point)
V-Line Yellow Route, V-Line Green Route, V-Line Yellow Route, V-Line Green Route
Morgan / Indiana
V-Line Brown Route
Indiana / Michigan (Brown Route)
V-Line Brown Route
Morgan / Brown
V-Line Brown Route
Morgan / Brown
V-Line Yellow Route
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