FMRFinder

Indiana fair market rent by county

Indiana · FY2027 · 92 listed places · 73 HUD FMR areas

$1,086median 2BR

From $1,014 in Wayne County to $1,536 in Boone County

FY2026 → FY2027: median +6.1% · 91 up, 1 down · largest Jasper County +14.9% · all states

Unweighted median of the listed county, county-equivalent and town 2-bedroom FMRs; places sharing a HUD FMR area have the same value. This is not a statewide estimate of rents paid. U.S. county median $1,056. Effective October 1, 2026.

Income needed to afford it

At HUD's affordability benchmark — rent and utilities at no more than 30% of income — a 2-bedroom at the Fair Market Rent takes about $61,440 a year in Boone County and $40,560 in Wayne County.

UnitMedian FMRIncome neededPer hour
Studio$832$33,280$16.00
1 bedroom$872$34,880$16.77
2 bedrooms$1,086$43,440$20.88
3 bedrooms$1,386$55,440$26.65
4 bedrooms$1,584$63,360$30.46

Income needed = monthly FMR × 12 ÷ 0.30. Per hour = that ÷ 2,080 hours (one full-time job). Medians are across the listed Indiana places, like the figure above. The FMR is HUD's 40th-percentile gross rent estimate, not the price of any listing.

Highest 2-bedroom first