Cheap Apartments for Rent in 46516
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PET FRIENDLY
APPLY INSTANTLY
APPLY INSTANTLY
APPLY INSTANTLY
NEW - 1 DAY AGO
NEW - 1 DAY AGO
NEW - 1 DAY AGO
APPLY INSTANTLYPET FRIENDLY
NEW - 1 DAY AGO
NEW - 1 DAY AGO
NEW - 1 DAY AGO
APPLY INSTANTLY
NEW - 45 MIN AGOPET FRIENDLY
NEW - 1 DAY AGOPET FRIENDLY
APPLY INSTANTLYPET FRIENDLYFURNISHED
PET FRIENDLYFURNISHEDTotal price$1,148 - $1,546/mo
1-2 Beds
1-2 BathsArbor Lakes Apartments | 22538 Pine Arbor Dr,
Elkhart, IN 46516
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Average Rent Trends in 46516
Rent in 46516 varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent increased in Aug 2026 compared to the previous month. Rent previously peaked in Feb 2025.
| Month | Average rent |
|---|---|
| Sep 2025 | $800 |
| Oct 2025 | $800 |
| Nov 2025 | $825 |
| Dec 2025 | $800 |
| Jan 2026 | $800 |
| Feb 2026 | $800 |
| Mar 2026 | $800 |
| Apr 2026 | $795 |
| May 2026 | $800 |
| Jun 2026 | $800 |
| Jul 2026 | $850 |
| Aug 2026 | $950 |
Average Rent By Bedroom and Home Type
In August 2026, Apartments and Condos were the most affordable home type to rent compared with Houses and Townhomes.
| 1 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $833 | $900 | $1,300 | $1,100 | $950 |
| Townhomes | $1,750 | — | $2,600 | — | $1,750 |
| Apartments and Condos | $833 | $800 | $1,000 | — | $862 |
| Houses | — | $1,350 | $1,400 | $1,100 | $1,400 |
Frequently Asked Questions about Rentals in 46516
- What is the average rent of an apartment in 46516?The average rent of an apartment in 46516 is $971 per month. This is about 51% lower than the national average.
- When is the average rent cheapest in 46516?In the last year, the average rent in 46516 was lowest in Jan 2025 when it was $775 per month.
- When is the average rent most expensive in 46516?In the last year, the average rent in 46516 was highest in Feb 2025 when it was $1,000 per month.
- How does the rent of a 1 bedroom apartment compare to a studio apartment in 46516?The average rent of a 1 bedroom apartment in 46516 is $833 per month. That is about $233 more than the cost of a studio apartment.
- How many available rental listings are in 46516?There are 46 available rental listings in 46516.
- What are some cities near 46516?
View this page in Spanish: Apartamentos baratos en renta en 46516 - 154 Rentas | Trulia