Rent Tracker
Rent Inflation in Elkhart, IN
The average asking rent in Elkhart, IN is $1,149/month as of 2026-08. That is +5.5% compared to a year ago.
Source: Zillow Observed Rent Index (ZORI) | zillow.com/research
Current Avg Rent
$1,149/mo
as of 2026-08
Year-over-Year Change
+5.5%
24-Month Rent Trend
Monthly ZORI index values for Elkhart, IN.
| Month | Avg Asking Rent | Change from Prior Month |
|---|---|---|
| 2026-08 | $1,149 | -0.52% |
| 2026-07 | $1,155 | +0.00% |
| 2026-06 | $1,155 | +0.70% |
| 2026-05 | $1,147 | +1.15% |
| 2026-04 | $1,134 | +1.43% |
| 2026-03 | $1,118 | +2.01% |
| 2026-02 | $1,096 | -0.54% |
| 2026-01 | $1,102 | +0.36% |
| 2025-12 | $1,098 | -0.72% |
| 2025-11 | $1,106 | +1.10% |
| 2025-10 | $1,094 | +0.00% |
| 2025-09 | $1,094 | +0.46% |
| 2025-08 | $1,089 | +1.40% |
| 2025-07 | $1,074 | -0.09% |
| 2025-06 | $1,075 | +0.00% |
| 2025-05 | $1,075 | +0.56% |
| 2025-04 | $1,069 | +0.66% |
| 2025-03 | $1,062 | +1.43% |
| 2025-02 | $1,047 | -0.48% |
| 2025-01 | $1,052 | +0.96% |
| 2024-12 | $1,042 | -1.14% |
| 2024-11 | $1,054 | +0.76% |
| 2024-10 | $1,046 | +0.67% |
| 2024-09 | $1,039 | — |
Why Rent Inflation Matters
Shelter is the single largest component of the official CPI, accounting for roughly one-third of the index. But the BLS shelter index tends to lag real-market rent changes by 12–18 months because it measures rents paid by all tenants — including long-term renters locked into old leases. ZORI measures asking rents for new leases, making it a timelier signal of where CPI shelter inflation is headed.
When ZORI is rising sharply in your city, it is a leading indicator that official shelter inflation — and therefore overall CPI — will remain elevated in coming months.
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Data Source
Rent data uses the Zillow Observed Rent Index (ZORI), a smoothed measure of typical market-rate asking rents updated monthly by Zillow Research. ZORI covers single-family homes, condos, and co-ops and reflects asking rents for new leases — making it a more timely indicator than the lagged BLS shelter index. zillow.com/research | Money & Prices