Logo Gary Fair Market Rent FY 2018 Gary, IN HUD Metro FMR Area Rental Data

Fair Market Rent Prices in Gary, IN :
$578 $741 $906 $1,154 $1,248
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 Gary are high compared to the national average. This FMR area is more expensive than 82% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Gary is $906 per month.

The previous year, rent for a two-bedroom home was $864 per month. This is a 4.86% increase year-over-year.

This FMR rate applies to Shelby, IN, Schneider, IN, Leroy, IN, Lake Station, IN, Whiting, IN, Cedar Lake, IN, Saint John, IN, Lowell, IN, Griffith, IN, Dyer, IN and other cities within the region. The Metro Code or CBSA code for this region is METRO16980MM2960.

Additionally, This Fair Market Rent (FMR) area Gary, IN HUD Metro FMR Area spans one county or city in Indiana which is listed in the table below. Estimated population of Gary, IN HUD Metro FMR Area FMR area is 496,005 people based on latest Census data.

Compared to the rest of Indiana, the Gary FMR area is more expensive than 97% 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 Gary. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Gary

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 $ 614
1-BR 1-Bedroom $ 788
2-BR 2-Bedroom $ 963
3-BR 3-Bedroom $ 1227
4-BR 4-Bedroom $ 1327
Change Year:

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

County / Region Est. Population
Gary, IN Metro 496,005
Zip Codes in Gary, IN HUD Metro FMR Area

There are 32 unique zip codes in this Fair Market Rent (FMR) area:

46303, 46307, 46308, 46311, 46312, 46319, 46320, 46321, 46322, 46323, 46324, 46327, 46342, 46355, 46356, 46373, 46375, 46376, 46377, 46383, 46394, 46401, 46402, 46403, 46404, 46405, 46406, 46407, 46408, 46409, 46410 and 46411

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