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Since version v0.2.0, markdown is avaliable in django-rest-swagger!
It is needed just to install markdown package explicitly (it will not be installed automatically):
pip install markdown
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I don’t think you’re missing anything. The Markdown is only used in DRF Browsable API views.
Swagger doesn’t use Markdown, instead DRF uses it to render description.
Swagger just passes description and notes as string, using ajax. Then it renders both of them as html, you can check it by including html tags in the docs string. So it’s not using Markdown renderer at all.
DRF uses Markdown to display description, that’s why it works in Browsable API but not in api-docs.
Source:stackexchange.com