Logo Bloomington Fair Market Rent FY 2023 Bloomington, IN HUD Metro FMR Area Rental Data

Fair Market Rent Prices in Bloomington, IN :
$817 $957 $1,124 $1,573 $1,864
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Moderate 40th Percentile Metro Area

Fair Market Rent prices in Bloomington are high compared to the national average. This FMR area is more expensive than 89% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Bloomington is $1,124 per month.

The previous year, rent for a two-bedroom home was $971 per month. This is a 15.76% increase year-over-year.

This FMR rate applies to Clear Creek, IN, Harrodsburg, IN, Smithville, IN, Stanford, IN, Stinesville, IN, Gosport, IN, Ellettsville, IN, Bloomington, IN and other cities within the region. The Metro Code or CBSA code for this region is METRO14020MM1020.

Additionally, This Fair Market Rent (FMR) area Bloomington, IN HUD Metro FMR Area spans one county or city in Indiana which is listed in the table below. Estimated population of Bloomington, IN HUD Metro FMR Area FMR area is 147,318 people based on latest Census data.

Compared to the rest of Indiana, the Bloomington FMR area is more expensive than 100% of the state.

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What is Fair Market Rent?

Fair Market Rent is determined each fiscal year by the HUD and is used to set payment standards for federal housing assistance programs in Bloomington. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Bloomington

To compute the 40th percentile of rent prices the HUD must determine the median or 50th percentile as well. 50th percentile rent prices are NOT fair market rents (unless otherwise noted as a 50th percentile designated region above). However, some home owners or rents may be interested in the median rent prices as well.

50th Percentile Rental Prices:
0-BR Studio / Efficiency $ 875
1-BR 1-Bedroom $ 1025
2-BR 2-Bedroom $ 1203
3-BR 3-Bedroom $ 1683
4-BR 4-Bedroom $ 1995
Change Year:

There is just one county (listed below) within the Bloomington, IN HUD Metro FMR Area FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers one metro area: Indianapolis.

County / Region Est. Population
Bloomington, IN Metro 147,318
Zip Codes in Bloomington, IN HUD Metro FMR Area

There are 13 unique zip codes in this Fair Market Rent (FMR) area:

47402, 47404, 47405, 47406, 47407, 47408, 47426, 47429, 47433, 47434, 47458, 47463 and 47464

Lookup Fair Market Rent by Zip Code