Average Rent in Sherman, Elkhart, IN and Rent Price Trends

Rent trends in Sherman, Elkhart, IN

Average rent prices in Sherman have remained the same over the last month and have increased by 98% since last year.

Rent trends

Rent prices on this page are calculated on a rolling 30-day basis and updated daily.

Compare rent prices in
Sherman, Elkhart, IN

Rent prices in Sherman vary by bedroom size, rental type, and neighborhood. The average rent for an apartment in Sherman is $966, whereas a house costs $2,195. 1-bedroom apartments in Sherman run $930 on average, while 2-bedroom apartments are $1,053.


Studio	$2,500	-	-
1 bedroom	$987	3%	58%
2 bedroom	$950	1%	-
3 bedroom	$1,350	No Change	-
4 bedroom	$2,395	-	-


Apartments	$966	No Change	No Change
Condos	$1,050	1%	-
Houses	$2,195	-	No Change

Studio

Average rent

$2,500

1 bedroom

Average rent

$987

Last 30 days

Last year

58%

2 bedroom

Average rent

$950

Last 30 days

3 bedroom

Average rent

$1,350

4 bedroom

Average rent

$2,395

The table above reflects average rent prices in Sherman, Elkhart, IN, broken down by the number of bedrooms, neighborhoods, and property types. The availability of data for each category is dependent on market inventory and will adjust depending on your selected filters.

Discover rentals in Sherman, Elkhart, IN

5d+ ago

Sherman condo for rent in Elkhart

520 Sherman St.

520 Sherman St #2, Elkhart, IN 46516

2 beds

1 bath

$877

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Frequently asked questions for Sherman, Elkhart, IN

Quick answers to common questions about the Sherman rental market.

How much is rent in Sherman?

The average rent in Sherman is $1,189 per month as of September 19, 2026.

Is rent up or down in Sherman?

Average rent prices in Sherman have remained the same over the last month and have increased by 98% since last year.

How does Sherman rent compare to the national average?

Rent in Sherman is 37% below the national average, which means renters are paying approximately $711 less per month.

What salary do I need to afford rent in Sherman?

To comfortably afford rent in Sherman, you'd need to earn approximately $48,000/year, based on spending no more than 30% of your income on rent.

Methodology

Rent prices are based on Zumper's rental listings from the past 30 days. Median rent is calculated across all available listings and property types on the platform. If you filter the page by bedroom count or property type, the pricing throughout the page will update automatically to reflect that segment of the rental market.

Household and population data come from the U.S. Census Bureau. Cost-of-living data is sourced from the Council for Community and Economic Research's Cost of Living Index (COLI).