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Indiana Fair Market Rents

2023 Fair Market Rents

2023 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 $912.

The highest average FMR for a two-bedroom apartment in the United States is $1,951 in Hawaii. The lowest for a two-bedroom apartment is $519 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 $1,124 in Monroe County. The lowest FMR for a two-bedroom apartment is $826 in DeKalb County.

Indiana ($912) has a 16.8% lower FMR for 2-Bedroom housing than the average of the US ($1,096) 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
$653
Studio
$727
1-person
$912
2-person
$1,177
3-person
$1,348
4-person
Counties in Indiana (92)
County Rank Studio 1-Bed 2-Bed 3-Bed 4-Bed
Monroe County 1st $817 $957 $1,124 $1,573 $1,864
Johnson County 2nd $771 $897 $1,065 $1,397 $1,671
Morgan County 2nd $771 $897 $1,065 $1,397 $1,671
Hamilton County 2nd $771 $897 $1,065 $1,397 $1,671
Hancock County 2nd $771 $897 $1,065 $1,397 $1,671
Hendricks County 2nd $771 $897 $1,065 $1,397 $1,671
Shelby County 2nd $771 $897 $1,065 $1,397 $1,671
Marion County 2nd $771 $897 $1,065 $1,397 $1,671
Brown County 2nd $771 $897 $1,065 $1,397 $1,671
Boone County 2nd $771 $897 $1,065 $1,397 $1,671
Ohio County 11th $731 $839 $1,093 $1,464 $1,645
Dearborn County 11th $731 $839 $1,093 $1,464 $1,645
Tippecanoe County 13th $794 $917 $1,071 $1,323 $1,661
Benton County 13th $794 $917 $1,071 $1,323 $1,661
Bartholomew County 15th $899 $919 $1,038 $1,373 $1,516
Clark County 16th $776 $876 $1,052 $1,395 $1,602
Floyd County 16th $776 $876 $1,052 $1,395 $1,602
Harrison County 16th $776 $876 $1,052 $1,395 $1,602
St. Joseph County 19th $755 $923 $1,099 $1,397 $1,476
Warrick County 20th $691 $778 $973 $1,260 $1,462
Posey County 20th $691 $778 $973 $1,260 $1,462
Vanderburgh County 20th $691 $778 $973 $1,260 $1,462
Lake County 23rd $677 $815 $1,000 $1,227 $1,361
Porter County 23rd $677 $815 $1,000 $1,227 $1,361
Newton County 23rd $677 $815 $1,000 $1,227 $1,361
Elkhart County 26th $734 $770 $986 $1,261 $1,325
Jasper County 27th $737 $741 $976 $1,256 $1,311
Warren County 28th $656 $671 $883 $1,249 $1,504
Franklin County 29th $623 $707 $930 $1,261 $1,402
Putnam County 30th $663 $692 $901 $1,242 $1,409
Owen County 31st $644 $671 $876 $1,205 $1,492
LaPorte County 32nd $626 $754 $936 $1,214 $1,346
Decatur County 33rd $671 $732 $963 $1,172 $1,294
Union County 34th $609 $699 $909 $1,213 $1,401
Jackson County 35th $714 $723 $952 $1,159 $1,279
Jefferson County 36th $696 $701 $844 $1,119 $1,438
Howard County 37th $682 $714 $877 $1,194 $1,313
Scott County 38th $659 $718 $945 $1,150 $1,269
Allen County 39th $658 $743 $911 $1,161 $1,266
Whitley County 39th $658 $743 $911 $1,161 $1,266
Tipton County 41st $645 $703 $925 $1,126 $1,272
Jennings County 42nd $631 $635 $836 $1,152 $1,394
Steuben County 43rd $661 $708 $920 $1,120 $1,236
Kosciusko County 44th $623 $763 $893 $1,107 $1,255
Madison County 45th $638 $696 $908 $1,160 $1,220
Pulaski County 46th $576 $731 $826 $1,047 $1,407
Marshall County 47th $578 $673 $829 $1,127 $1,343
Montgomery County 47th $591 $661 $847 $1,155 $1,296
Lawrence County 49th $572 $650 $856 $1,042 $1,424
Delaware County 50th $643 $693 $851 $1,148 $1,203
Switzerland County 50th $576 $628 $826 $1,174 $1,334
Blackford County 52nd $576 $727 $826 $1,056 $1,351
Vermillion County 53rd $647 $684 $860 $1,047 $1,294
Vigo County 53rd $647 $684 $860 $1,047 $1,294
Clay County 53rd $647 $684 $860 $1,047 $1,294
Dubois County 56th $576 $628 $826 $1,094 $1,407
Miami County 57th $576 $669 $826 $1,092 $1,360
Orange County 58th $576 $628 $826 $1,174 $1,295
Perry County 58th $576 $642 $826 $1,048 $1,407
Clinton County 60th $600 $682 $898 $1,105 $1,206
Spencer County 61st $552 $628 $826 $1,098 $1,358
Ripley County 62nd $583 $642 $845 $1,139 $1,247
Martin County 63rd $576 $628 $826 $1,005 $1,407
Gibson County 64th $690 $694 $826 $1,105 $1,110
Pike County 65th $576 $731 $826 $1,140 $1,144
Parke County 66th $641 $660 $869 $1,079 $1,167
Greene County 67th $584 $632 $826 $1,132 $1,231
Noble County 68th $573 $651 $857 $1,056 $1,267
Cass County 69th $677 $681 $826 $1,102 $1,110
Grant County 70th $592 $658 $826 $1,068 $1,251
Carroll County 71st $651 $655 $862 $1,063 $1,158
Washington County 72nd $625 $644 $848 $1,130 $1,139
Huntington County 73rd $558 $666 $826 $1,049 $1,269
Daviess County 73rd $645 $649 $854 $1,073 $1,147
White County 75th $600 $654 $861 $1,088 $1,157
LaGrange County 76th $578 $630 $829 $1,143 $1,150
Henry County 77th $648 $652 $826 $1,071 $1,128
Fountain County 78th $576 $645 $826 $1,025 $1,242
Wells County 79th $583 $635 $836 $1,017 $1,223
Knox County 80th $592 $645 $849 $1,033 $1,141
Adams County 81st $576 $628 $826 $1,085 $1,144
Wabash County 82nd $591 $643 $847 $1,031 $1,138
Crawford County 83rd $576 $651 $826 $1,083 $1,110
Randolph County 84th $576 $628 $826 $1,099 $1,110
Sullivan County 85th $556 $631 $831 $1,011 $1,200
Wayne County 86th $558 $637 $835 $1,036 $1,137
Starke County 87th $576 $642 $826 $1,042 $1,110
Rush County 88th $561 $637 $839 $1,021 $1,127
Fulton County 89th $580 $639 $832 $1,013 $1,118
Jay County 89th $576 $628 $826 $1,042 $1,110
Fayette County 91st $558 $634 $835 $1,016 $1,122
DeKalb County 92nd $576 $628 $826 $1,005 $1,120

More on Indiana

Want to learn more about Indiana? See Loan Limits in Indiana to view maximum loan amounts or click here to find a Public Housing Authority in Indiana who can help with finding affordable housing near you.

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Data Source

HUD Seal

Fair Market Rents are estimated by the HUD.


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