Updated 5+ Days Ago
Location
406 Michigan Ave, Valparaiso, IN 46383, USA
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Property Overview
406 Michigan Avenue earns a strong overall rating, with especially high marks for price, amenities, and location, suggesting excellent value and convenience. It also stands out for its trustworthy listing details, while the nearby top-rated high school adds another practical benefit.
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
Floor plans
| 406 Michigan Avenue - 4 | 1 bed | 1 bath | $1,025 /mo |
Let's explore this property.
Amenities for 406 Michigan Avenue
Apartment Amenities
| Trash Included | Utilities/Sewer |
| Water |
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.
Policies and fees
Applicants
Application Fee
Per-applicant. Agent application fee.
Contact Property
REQUIRED FEES
Security Deposit
One-time.
Contact Property
Questions about this property’s policies and fees?
Building details
Property details
| Units | 1 |
|---|
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About 406 Michigan Avenue
406 Michigan Avenue cost $1,025 per month. Located at 406 Michigan Ave, Valparaiso, IN 46383, USA, 406 Michigan Avenue has 1 bedroom units available. Based on the average rent price of 1 bedroom in Valparaiso, renting an apartment at 406 Michigan Avenue is 7% cheaper per month.Other apartment buildings in or around Valparaiso include but are not limited to: 500 Glendale Blvd, 156 Mayfield Ave
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.
8.5
/10
Very GoodWith a solid 8.5 out of 10 overall, 406 Michigan Avenue is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, 406 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.
406 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·9A 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.
406 Michigan Avenue goes above and beyond to provide sought-after conveniences and desirable perks, including trash included. Renters looking for popular or luxurious features will find them here—and for that reason, 406 Michigan Avenue receives one of the highest amenities scores.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
406 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 406 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.
406 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 406 Michigan Avenue compares to other nearby properties.
Positives
- High school nearby
- There is a high school 0.4 mile away
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Rent trends in Valparaiso
1-bedroom apartments at 406 Michigan Avenue cost about 7% less than the average rent price for 1-bedroom apartments in Valparaiso.
Median rents as of Aug 1 2026.
Valparaiso
| Month | Median Rent |
|---|---|
| August 2024 | $925 |
| September 2024 | $928 |
| 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 | $938 |
Affordability calculator
Can I afford to live at 406 Michigan Ave?
Bedrooms
1 bedroomRent-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
$41,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $41,000 annually to afford this 1-bedroom monthly rent price of $1,025.
For more information on rent affordability, visit our rent calculator.
Schools near 406 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 406 Michigan Avenue
Getting around Valparaiso near 406 Michigan Ave
Walking
6/10
Some shops and stores are within a few minutes.
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 406 Michigan Ave, Valparaiso
Groceries
8/10
Wide variety of groceries within a few minutes' walk
Shopping
7/10
Wide variety of shops within a short drive, including some within walking distance
Cafes
7/10
Wide variety of cafés within a short drive, including some within walking distance
Restaurants
8/10
Wide variety of restaurants within a short drive, including some within walking distance
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
8/10
Wide variety of bars within a few minutes' walk
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