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RentData.org Logo Indiana Fair Market Rent for 2020 Accurate Rental Price Data

Average Fair Market Rent Prices in Indiana:
$532 $594 $756 $992 $1,124
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR

Indiana (IN) has the 38th highest rent in the country out of 56 states and territories. The Fair Market Rent in Indiana ranges from $714 for a 2-bedroom apartment in Adams County, IN to $946 for a 2-bedroom unit in Indianapolis-Carmel, IN HUD Metro FMR Area.

For FY 2020, the Indianapolis-Carmel, IN HUD Metro FMR Area (Boone County) rent for a studio or efficiency is $674 per month and $1,439 per month to rent a house or an apartment with 4 bedrooms. The average Fair Market Rent for a 2-bedroom home in Indiana is $756 per month.

Approximately 15% of Americans qualify for some level of housing assistance. The population in Indiana is around 3,938,135 people. So, there are around 590,720 people in Indiana who could be receiving housing benefits from the HUD.

Click on your region in the list below or on the map to see a more detailed break down of rental prices.

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 Indiana. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Indiana Fair Market Rent Map

Click on a region to view more detailed rent data.

Lookup FMR by Zip Code FHA Loan Limits in Indiana
Change Year:
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
County 0 BR 1 BR 2 BR 3 BR 4 BR Est. Population
Adams County, IN $500 $588 $714 $1,030 $1,254 35,020
Fort Wayne, IN MSA Metro $511 $611 $767 $988 $1,084 367,745
Columbus, IN MSA Metro $724 $728 $876 $1,136 $1,216 81,025
Lafayette-West Lafayette, IN HUD Metro FMR Area Metro $620 $721 $837 $1,127 $1,438 8,685
Blackford County, IN $500 $578 $714 $952 $1,092 12,215
Indianapolis-Carmel, IN HUD Metro FMR Area Metro $674 $778 $946 $1,256 $1,439 63,015
Carroll County, IN HUD Metro FMR Area Metro $532 $542 $714 $890 $967 19,995
Cass County, IN $505 $546 $714 $914 $1,002 38,250
Louisville, KY-IN HUD Metro FMR Area Metro $614 $713 $872 $1,174 $1,331 114,895
Terre Haute, IN HUD Metro FMR Area Metro $513 $625 $788 $1,008 $1,183 26,375
Clinton County, IN $498 $585 $765 $988 $1,036 32,455
Crawford County, IN $500 $542 $714 $909 $967 10,600
Daviess County, IN $519 $563 $741 $948 $1,004 32,775
Cincinnati, OH-KY-IN HUD Metro FMR Area Metro $568 $658 $865 $1,185 $1,362 49,565
Decatur County, IN $580 $631 $828 $1,048 $1,122 26,480
DeKalb County, IN $531 $585 $758 $998 $1,027 42,525
Muncie, IN MSA Metro $567 $573 $747 $965 $1,151 115,940
Dubois County, IN $500 $558 $714 $988 $1,254 42,380
Elkhart-Goshen, IN MSA Metro $532 $630 $817 $1,029 $1,129 202,925
Fayette County, IN $501 $562 $715 $891 $1,045 23,425
Fountain County, IN $514 $557 $734 $915 $994 16,620
Franklin County, IN $469 $547 $720 $913 $1,031 22,835
Fulton County, IN $501 $627 $715 $891 $969 20,295
Gibson County, IN $597 $600 $714 $934 $967 33,595
Grant County, IN $544 $584 $714 $958 $1,056 67,615
Greene County, IN $491 $585 $714 $890 $1,254 32,430
Henry County, IN $502 $580 $717 $958 $1,009 48,650
Kokomo, IN MSA Metro $569 $573 $730 $1,025 $1,108 82,455
Huntington County, IN $495 $582 $714 $967 $991 36,520
Jackson County, IN $532 $594 $759 $974 $1,211 43,780
Jasper County, IN HUD Metro FMR Area Metro $665 $669 $868 $1,117 $1,459 33,450
Jay County, IN $500 $542 $714 $906 $967 21,105
Jefferson County, IN $597 $601 $754 $1,029 $1,101 32,295
Jennings County, IN $516 $559 $736 $993 $997 27,840
Knox County, IN $578 $582 $766 $1,022 $1,038 37,765
Kosciusko County, IN $553 $630 $763 $995 $1,043 78,720
LaGrange County, IN $500 $571 $714 $1,009 $1,217 38,720
Gary, IN HUD Metro FMR Area Metro $597 $746 $917 $1,143 $1,292 488,695
Michigan City-La Porte, IN MSA Metro $511 $607 $784 $1,018 $1,062 110,840
Lawrence County, IN $506 $570 $751 $936 $1,243 45,670
Anderson, IN HUD Metro FMR Area Metro $543 $624 $806 $1,050 $1,144 129,640
Marshall County, IN $500 $580 $714 $955 $1,163 46,750
Martin County, IN $500 $574 $714 $939 $1,254 10,220
Miami County, IN $500 $627 $714 $999 $1,238 36,035
Bloomington, IN HUD Metro FMR Area Metro $646 $689 $879 $1,175 $1,543 144,435
Montgomery County, IN $501 $575 $757 $975 $1,025 38,290
Noble County, IN $500 $589 $714 $946 $1,152 47,420
Orange County, IN $500 $560 $714 $966 $1,210 19,625
Owen County, IN HUD Metro FMR Area Metro $566 $569 $714 $985 $1,254 20,955
Parke County, IN $525 $569 $750 $935 $1,069 17,060
Perry County, IN $500 $542 $714 $972 $979 19,230
Pike County, IN $465 $551 $714 $905 $1,117 12,470
Evansville, IN-KY MSA Metro $565 $624 $793 $1,035 $1,097 25,600
Pulaski County, IN $500 $566 $714 $934 $1,079 12,760
Putnam County, IN HUD Metro FMR Area Metro $570 $581 $754 $1,088 $1,101 37,545
Randolph County, IN $500 $558 $714 $922 $1,145 25,205
Ripley County, IN $471 $575 $714 $938 $1,017 28,370
Rush County, IN $500 $542 $714 $890 $994 16,765
South Bend-Mishawaka, IN HUD Metro FMR Area Metro $598 $687 $840 $1,082 $1,138 268,615
Scott County, IN HUD Metro FMR Area Metro $564 $607 $799 $1,025 $1,134 23,720
Spencer County, IN $465 $548 $714 $972 $1,121 20,610
Starke County, IN $500 $548 $714 $958 $967 22,965
Steuben County, IN $579 $599 $789 $999 $1,129 34,460
Sullivan County, IN HUD Metro FMR Area Metro $521 $601 $791 $986 $1,318 20,900
Switzerland County, IN $469 $543 $714 $998 $1,002 10,615
Tipton County, IN $567 $649 $810 $1,009 $1,097 15,290
Union County, IN HUD Metro FMR Area Metro $471 $542 $714 $894 $1,006 7,225
Wabash County, IN $504 $550 $720 $897 $975 31,850
Warren County, IN $516 $559 $736 $1,028 $1,181 8,270
Washington County, IN HUD Metro FMR Area Metro $504 $542 $714 $997 $1,091 27,805
Wayne County, IN $476 $550 $725 $933 $1,010 66,970
White County, IN $514 $557 $733 $1,032 $1,049 24,280

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