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RentData.org Logo Indianapolis-Carmel Fair Market Rent FY 2018 Indianapolis-Carmel, IN HUD Metro FMR Area Rental Data

Fair Market Rent Prices in Indianapolis-Carmel, IN :
$599 $696 $852 $1,140 $1,296
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 Indianapolis-Carmel are high compared to the national average. This FMR area is more expensive than 81% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Indianapolis-Carmel is $852 per month.

The previous year, rent for a two-bedroom home was $850 per month. This is a 0.24% increase year-over-year.

This FMR rate applies to Maxwell, IN, Advance, IN, Amo, IN, West Newton, IN, Gwynneville, IN, Eminence, IN, Helmsburg, IN, Boggstown, IN, Brooklyn, IN, Needham, IN and other cities within the region. The Metro Code or CBSA code for this region is METRO26900M26900.

Additionally, This Fair Market Rent (FMR) area Indianapolis-Carmel, IN HUD Metro FMR Area spans nine counties or cities in Indiana which ares listed in the table below. Estimated population of Indianapolis-Carmel, IN HUD Metro FMR Area FMR area is 1,718,278 people based on 2010 Census data.

Compared to the rest of Indiana, the Indianapolis-Carmel FMR area is more expensive than 93% 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 Indianapolis-Carmel. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Indianapolis-Carmel

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 $ 638
1-BR 1-Bedroom $ 741
2-BR 2-Bedroom $ 907
3-BR 3-Bedroom $ 1213
4-BR 4-Bedroom $ 1379
Change Year:

The counties, cities, towns, and regions listed below fall into the Indianapolis-Carmel, IN HUD Metro FMR Area FMR area and have the same Fair Market Rent prices which are listed above. This FMR area covers two metro areas: Indianapolis and Louisville.

County / Region Est. Population
Boone County, IN Metro 56,640
Brown County, IN Metro 15,242
Hamilton County, IN Metro 274,569
Hancock County, IN Metro 70,002
Hendricks County, IN Metro 145,448
Johnson County, IN Metro 139,654
Marion County, IN Metro 903,393
Morgan County, IN Metro 68,894
Shelby County, IN Metro 44,436
Zip Codes in Indianapolis-Carmel, IN HUD Metro FMR Area

There are 126 unique zip codes in this Fair Market Rent (FMR) area:

46011, 46030, 46031, 46032, 46033, 46034, 46035, 46037, 46038, 46040, 46041, 46050, 46052, 46055, 46056, 46060, 46061, 46062, 46064, 46069, 46071, 46074, 46075, 46077, 46082, 46102, 46103, 46106, 46107, 46110, 46111, 46112, 46113, 46115, 46117, 46118, 46120, 46121, 46122, 46123, 46125, 46126, 46130, 46131, 46140, 46142, 46143, 46144, 46147, 46149, 46151, 46154, 46157, 46158, 46160, 46161, 46162, 46163, 46164, 46165, 46166, 46167, 46168, 46176, 46180, 46181, 46183, 46184, 46186, 46201, 46202, 46203, 46204, 46205, 46206, 46208, 46214, 46216, 46217, 46218, 46219, 46220, 46221, 46222, 46224, 46225, 46226, 46227, 46228, 46229, 46230, 46231, 46234, 46235, 46236, 46237, 46239, 46240, 46241, 46242, 46244, 46247, 46249, 46250, 46251, 46253, 46254, 46256, 46259, 46260, 46268, 46278, 46280, 46282, 46283, 46285, 46290, 46298, 47235, 47384, 47401, 47435, 47456, 47468, 47933 and 47968

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