Refinance or buy a home with a low 3.5% down payment! Get Started Now ➔ Logo Lafayette Fair Market Rent FY 2015 Lafayette, IN HUD Metro FMR Area Rental Data

Fair Market Rent Prices in Lafayette, IN :
$532 $609 $768 $1,005 $1,263
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 Lafayette 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 Lafayette is $768 per month.

The previous year, rent for a two-bedroom home was $780 per month. This is a 1.54% decrease year-over-year.

This FMR rate applies to Ambia, IN, Buck Creek, IN, Stockwell, IN, Montmorenci, IN, Templeton, IN, Earl Park, IN, Pine Village, IN, Boswell, IN, Goodland, IN, Dayton, IN and other cities within the region. The Metro Code or CBSA code for this region is METRO29140M29140.

Additionally, This Fair Market Rent (FMR) area Lafayette, IN HUD Metro FMR Area spans two counties or cities in Indiana which ares listed in the table below. Estimated population of Lafayette, IN HUD Metro FMR Area FMR area is 181,634 people based on latest Census data.

Compared to the rest of Indiana, the Lafayette FMR area is more expensive than 94% 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 Lafayette. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Lafayette

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 $ 563
1-BR 1-Bedroom $ 644
2-BR 2-Bedroom $ 812
3-BR 3-Bedroom $ 1063
4-BR 4-Bedroom $ 1336
Change Year:

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

County / Region Est. Population
Benton County, IN Metro 8,854
Tippecanoe County, IN Metro 172,780
Zip Codes in Lafayette, IN HUD Metro FMR Area

There are 24 unique zip codes in this Fair Market Rent (FMR) area:

47901, 47902, 47903, 47904, 47906, 47907, 47909, 47917, 47921, 47924, 47941, 47942, 47944, 47948, 47962, 47970, 47971, 47975, 47977, 47983, 47986, 47992, 47995 and 47996

Lookup Fair Market Rent by Zip Code
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