Logo Lafayette-West Lafayette Fair Market Rent FY 2020 Lafayette-West Lafayette, IN HUD Metro FMR Area Rental Data

Fair Market Rent Prices in Lafayette-West Lafayette, IN :
$620 $721 $837 $1,127 $1,438
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-West Lafayette 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 Lafayette-West Lafayette is $837 per month.

The previous year, rent for a two-bedroom home was $830 per month. This is a 0.84% increase year-over-year.

This FMR rate applies to Stockwell, IN, Ambia, IN, Templeton, IN, Montmorenci, IN, Buck Creek, 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 METRO29200M29140.

Additionally, This Fair Market Rent (FMR) area Lafayette-West Lafayette, IN HUD Metro FMR Area spans two counties or cities in Indiana which ares listed in the table below. Estimated population of Lafayette-West Lafayette, IN HUD Metro FMR Area FMR area is 0 people based on 2000 Census data.

Compared to the rest of Indiana, the Lafayette-West 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-West Lafayette. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Lafayette-West 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 $ 659
1-BR 1-Bedroom $ 767
2-BR 2-Bedroom $ 890
3-BR 3-Bedroom $ 1198
4-BR 4-Bedroom $ 1529
Change Year:

The counties, cities, towns, and regions listed below fall into the Lafayette-West 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 0
Tippecanoe County, IN Metro 0
Zip Codes in Lafayette-West 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

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