Indiana Fair Market Rents

2024 Fair Market Rents

2024 FMRs in Indiana by county. Click on the map below to view FMRs for a particular county.

Indiana Map

Minimum FMR
Maximum FMR

FMRs vary across Indiana based on County and ZIP code as well as number of bedrooms. The average FMR for a two-bedroom apartment in Indiana is $1,001.

The highest average FMR for a two-bedroom apartment in the United States is $2,095 in Hawaii. The lowest for a two-bedroom apartment is $574 in Puerto Rico.

FMRs in Indiana are based on the price of monthly rent plus the cost of essential utilities. FMRs vary by county or ZIP Code. Generally areas with a lower population density have a lower gross rent (lower FMRs) but there are exceptions.

View the Fair Market Rents Overview for detailed information on how FMRs are calculated. Click on a specific county on the map or from the table below for detailed FMR information including Small Area FMRs.

How does Indiana compare?

The highest FMR for a two-bedroom apartment in Indiana is $1,349 in Hamilton County, Johnson County, and 7 others. The lowest FMR for a two-bedroom apartment is $863 in Fayette County.

Indiana ($1,001) has a 17.1% lower FMR for 2-Bedroom housing than the average of the US ($1,208) and therefore has a lower gross rent.

Indiana is rank 39th out of 56 States and territories. This means the FMRs, or in other words, the gross rent is lower than 38 other States and territories. Indiana is the 18th cheapest State or territory in terms of FMRs.

Average FMRs for Indiana

39th
Rank
$724
Studio
$803
1-person
$1,001
2-person
$1,286
3-person
$1,463
4-person
Counties in Indiana (92)
County Rank Studio 1-Bed 2-Bed 3-Bed 4-Bed
Hamilton County 1st $982 $1,145 $1,349 $1,758 $2,126
Johnson County 1st $982 $1,145 $1,349 $1,758 $2,126
Shelby County 1st $982 $1,145 $1,349 $1,758 $2,126
Hancock County 1st $982 $1,145 $1,349 $1,758 $2,126
Boone County 1st $982 $1,145 $1,349 $1,758 $2,126
Brown County 1st $982 $1,145 $1,349 $1,758 $2,126
Hendricks County 1st $982 $1,145 $1,349 $1,758 $2,126
Marion County 1st $982 $1,145 $1,349 $1,758 $2,126
Morgan County 1st $982 $1,145 $1,349 $1,758 $2,126
Harrison County 10th $976 $1,077 $1,301 $1,701 $1,955
Floyd County 10th $976 $1,077 $1,301 $1,701 $1,955
Clark County 10th $976 $1,077 $1,301 $1,701 $1,955
Bartholomew County 13th $1,037 $1,065 $1,196 $1,539 $1,669
Newton County 14th $869 $1,027 $1,254 $1,539 $1,672
Porter County 14th $869 $1,027 $1,254 $1,539 $1,672
Lake County 14th $869 $1,027 $1,254 $1,539 $1,672
Monroe County 17th $848 $979 $1,126 $1,549 $1,814
Dearborn County 18th $810 $919 $1,195 $1,588 $1,766
Ohio County 18th $810 $919 $1,195 $1,588 $1,766
Putnam County 20th $827 $855 $1,124 $1,503 $1,729
Jasper County 21st $869 $874 $1,149 $1,495 $1,530
Madison County 22nd $793 $868 $1,140 $1,468 $1,518
Elkhart County 23rd $849 $879 $1,102 $1,415 $1,468
Allen County 24th $826 $895 $1,089 $1,379 $1,499
Whitley County 24th $826 $895 $1,089 $1,379 $1,499
Benton County 26th $778 $908 $1,069 $1,293 $1,604
Tippecanoe County 26th $778 $908 $1,069 $1,293 $1,604
Vanderburgh County 28th $766 $850 $1,070 $1,360 $1,558
Warrick County 28th $766 $850 $1,070 $1,360 $1,558
Posey County 28th $766 $850 $1,070 $1,360 $1,558
Howard County 31st $788 $793 $980 $1,299 $1,428
LaPorte County 31st $689 $823 $1,016 $1,299 $1,461
St. Joseph County 33rd $689 $862 $1,017 $1,267 $1,354
Parke County 34th $745 $752 $988 $1,311 $1,316
Delaware County 35th $708 $784 $952 $1,280 $1,383
Washington County 36th $745 $753 $989 $1,236 $1,317
Clay County 37th $741 $766 $964 $1,166 $1,398
Vermillion County 37th $741 $766 $964 $1,166 $1,398
Vigo County 37th $741 $766 $964 $1,166 $1,398
Kosciusko County 40th $785 $790 $942 $1,162 $1,351
Union County 41st $628 $714 $926 $1,245 $1,494
Decatur County 42nd $686 $751 $987 $1,193 $1,327
Warren County 43rd $628 $740 $863 $1,216 $1,465
Franklin County 43rd $636 $715 $939 $1,292 $1,330
Owen County 45th $683 $684 $899 $1,146 $1,488
Pulaski County 46th $600 $769 $863 $1,146 $1,465
Scott County 47th $652 $732 $962 $1,203 $1,281
Jefferson County 48th $643 $740 $865 $1,099 $1,468
Jennings County 49th $630 $657 $863 $1,216 $1,447
Dubois County 50th $600 $657 $863 $1,216 $1,465
Steuben County 51st $684 $726 $944 $1,172 $1,257
Perry County 52nd $651 $671 $863 $1,110 $1,465
Blackford County 53rd $600 $761 $863 $1,114 $1,391
Crawford County 54th $600 $769 $863 $1,193 $1,297
Jackson County 55th $679 $712 $936 $1,132 $1,247
Spencer County 56th $585 $657 $863 $1,184 $1,407
Marshall County 57th $616 $727 $886 $1,168 $1,293
Tipton County 58th $644 $705 $926 $1,120 $1,288
Gibson County 59th $723 $727 $883 $1,172 $1,176
Ripley County 60th $617 $673 $884 $1,216 $1,282
Miami County 61st $600 $692 $863 $1,112 $1,383
Orange County 62nd $600 $657 $863 $1,216 $1,304
Greene County 62nd $631 $672 $863 $1,171 $1,303
Clinton County 64th $625 $707 $922 $1,139 $1,228
Lawrence County 65th $606 $663 $871 $1,057 $1,418
Noble County 66th $594 $667 $877 $1,077 $1,397
Switzerland County 67th $600 $657 $863 $1,216 $1,274
Montgomery County 68th $600 $684 $863 $1,176 $1,279
Pike County 69th $600 $769 $863 $1,182 $1,187
Sullivan County 69th $626 $703 $924 $1,117 $1,231
Huntington County 71st $600 $675 $863 $1,088 $1,373
Cass County 72nd $717 $721 $863 $1,145 $1,149
Fountain County 73rd $600 $657 $863 $1,053 $1,393
Grant County 74th $585 $684 $863 $1,119 $1,285
Henry County 75th $678 $682 $863 $1,083 $1,204
White County 76th $624 $683 $897 $1,085 $1,195
Daviess County 77th $669 $673 $878 $1,088 $1,169
LaGrange County 78th $652 $657 $863 $1,139 $1,149
Knox County 79th $619 $677 $890 $1,076 $1,185
Wells County 80th $603 $660 $867 $1,048 $1,255
Martin County 81st $600 $657 $863 $1,043 $1,267
Adams County 82nd $652 $657 $863 $1,108 $1,149
Carroll County 82nd $655 $657 $863 $1,105 $1,149
Randolph County 84th $600 $657 $863 $1,145 $1,149
Jay County 85th $611 $657 $863 $1,109 $1,149
Wayne County 86th $637 $657 $863 $1,071 $1,156
Starke County 86th $600 $687 $863 $1,059 $1,175
DeKalb County 88th $600 $657 $863 $1,066 $1,149
Wabash County 89th $602 $659 $866 $1,047 $1,153
Rush County 90th $600 $670 $863 $1,044 $1,149
Fulton County 91st $602 $658 $865 $1,046 $1,152
Fayette County 92nd $585 $657 $863 $1,046 $1,149

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Data Source

HUD Seal

Fair Market Rents are estimated by the HUD.