Refinance or buy a home with a low 3.5% down payment! Get Started Now ➔ 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 Boone Grove, IN, Wheeler, IN, Sumava Resorts, IN, Schneider, IN, Thayer, IN, Shelby, IN, Mount Ayr, IN, Roselawn, IN, Leroy, IN, Beverly Shores, 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 three counties or cities in Indiana which ares listed in the table below. Estimated population of Gary, IN HUD Metro FMR Area FMR area is 674,592 people based on latest Census data.

Compared to the rest of Indiana, the Gary FMR area is more expensive than 95% 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:

The counties, cities, towns, and regions listed below fall into the Gary, IN HUD Metro FMR Area FMR area and have the same Fair Market Rent prices which are listed above. This FMR area covers one metro area: Chicago.

County / Region Est. Population
Lake County, IN Metro 496,005
Newton County, IN Metro 14,244
Porter County, IN Metro 164,343
Zip Codes in Gary, IN HUD Metro FMR Area

There are 47 unique zip codes in this Fair Market Rent (FMR) area:

46301, 46302, 46303, 46304, 46307, 46308, 46311, 46312, 46319, 46320, 46321, 46322, 46323, 46324, 46327, 46342, 46347, 46349, 46355, 46356, 46368, 46372, 46373, 46375, 46376, 46377, 46379, 46381, 46383, 46384, 46385, 46393, 46394, 46401, 46402, 46403, 46404, 46405, 46406, 46407, 46408, 46409, 46410, 46411, 47951, 47963 and 47964

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