Average Rent in Indiana (2026) — HUD Fair Market Rents
The average two-bedroom rent in Indiana is $1,234 per month by HUD's FY 2026 Fair Market Rent data (population-weighted); two-bedroom FMRs range from $956 to $1,473 across 73 rent areas.
Fair Market Rent is HUD's annual estimate of what a modest rental costs in each local market — the 40th percentile of gross rents (rent plus tenant-paid utilities) for recent movers, published for studio through four-bedroom units and used to set Section 8 / Housing Choice Voucher payment standards. FMRs are a federal benchmark, not an asking-rent average: use them to sanity-check your pricing (statewide, Indiana's typical two-bedroom FMR moved +8.4% versus FY 2025).
All 73 Indiana FMR areas
Sorted by two-bedroom rent, highest first. 25 metro areas; the rest are non-metro county areas. "vs FY 2025" is the two-bedroom change from last year's FMR for the same area.
| Area | Studio | 1 BR | 2 BR | 3 BR | 4 BR | 2 BR vs FY 2025 |
|---|---|---|---|---|---|---|
Indianapolis-Carmel, IN HUD Metro FMR Area Metro 9 countiesBoone County · Brown County · Hamilton County · Hancock County · Hendricks County · Johnson County · Marion County · Morgan County · Shelby County | $1,118 | $1,267 | $1,473 | $1,907 | $2,338 | +14.8% |
| Columbus, IN MSA Metro | $1,233 | $1,257 | $1,415 | $1,697 | $2,000 | +11.6% |
Cincinnati, OH-KY-IN HUD Metro FMR Area Metro 2 countiesDearborn County · Ohio County | $958 | $1,051 | $1,353 | $1,785 | $1,976 | +5.1% |
Gary, IN HUD Metro FMR Area Metro 3 countiesLake County · Newton County · Porter County | $959 | $1,082 | $1,317 | $1,612 | $1,744 | +10.0% |
| South Bend-Mishawaka, IN HUD Metro FMR Area Metro | $898 | $1,105 | $1,292 | $1,567 | $1,711 | +18.0% |
Louisville, KY-IN HUD Metro FMR Area Metro 3 countiesClark County · Floyd County · Harrison County | $966 | $1,047 | $1,272 | $1,625 | $1,891 | -4.4% |
Lafayette-West Lafayette, IN HUD Metro FMR Area Metro 2 countiesBenton County · Tippecanoe County | $894 | $1,032 | $1,242 | $1,489 | $1,992 | +7.0% |
| Bloomington, IN HUD Metro FMR Area Metro | $966 | $1,072 | $1,210 | $1,572 | $1,906 | -1.1% |
| Anderson, IN HUD Metro FMR Area Metro | $898 | $919 | $1,206 | $1,594 | $1,597 | +14.4% |
| Elkhart-Goshen, IN MSA Metro | $968 | $992 | $1,183 | $1,553 | $1,581 | +12.1% |
| Jasper County, IN HUD Metro FMR Area Metro | $889 | $895 | $1,174 | $1,535 | $1,554 | +1.3% |
| Michigan City-La Porte, IN MSA Metro | $874 | $953 | $1,152 | $1,454 | $1,680 | +11.2% |
| Kosciusko County, IN Non-metro | $875 | $881 | $1,142 | $1,385 | $1,560 | +6.1% |
| Kokomo, IN MSA Metro | $884 | $890 | $1,123 | $1,388 | $1,567 | +10.2% |
| Franklin County, IN HUD Metro FMR Area Metro | $796 | $861 | $1,117 | $1,473 | $1,479 | +6.2% |
Evansville, IN MSA Metro 3 countiesPosey County · Vanderburgh County · Warrick County | $853 | $860 | $1,113 | $1,370 | $1,539 | +5.6% |
Fort Wayne, IN HUD Metro FMR Area Metro 2 countiesAllen County · Whitley County | $892 | $916 | $1,113 | $1,381 | $1,512 | -7.2% |
| Tipton County, IN HUD Metro FMR Area Metro | $840 | $845 | $1,109 | $1,330 | $1,725 | — |
Terre Haute, IN HUD Metro FMR Area Metro 3 countiesClay County · Vermillion County · Vigo County | $859 | $864 | $1,094 | $1,312 | $1,535 | +9.9% |
| Decatur County, IN Non-metro | $768 | $816 | $1,071 | $1,284 | $1,418 | +0.9% |
| Jackson County, IN Non-metro | $802 | $807 | $1,059 | $1,328 | $1,402 | +0.6% |
| Muncie, IN MSA Metro | $803 | $845 | $1,043 | $1,349 | $1,685 | +6.2% |
| Steuben County, IN Non-metro | $784 | $790 | $1,036 | $1,337 | $1,372 | +2.7% |
| Putnam County, IN Non-metro | $738 | $843 | $1,030 | $1,390 | $1,634 | — |
| White County, IN Non-metro | $738 | $785 | $1,030 | $1,235 | $1,364 | +4.6% |
| Sullivan County, IN HUD Metro FMR Area Metro | $758 | $783 | $1,028 | $1,251 | $1,720 | +9.2% |
| Scott County, IN Non-metro | $723 | $769 | $1,009 | $1,348 | $1,353 | -0.1% |
| Marshall County, IN Non-metro | $722 | $824 | $1,008 | $1,225 | $1,335 | +6.1% |
| Clinton County, IN Non-metro | $731 | $804 | $1,007 | $1,328 | $1,343 | +2.2% |
| Daviess County, IN Non-metro | $719 | $764 | $1,003 | $1,243 | $1,328 | +5.0% |
| Gibson County, IN Non-metro | $766 | $771 | $1,001 | $1,262 | $1,361 | +2.9% |
| Wells County, IN HUD Metro FMR Area Metro | $750 | $755 | $991 | $1,203 | $1,393 | — |
| Washington County, IN HUD Metro FMR Area Metro | $749 | $753 | $988 | $1,185 | $1,308 | -0.8% |
| Ripley County, IN Non-metro | $681 | $752 | $987 | $1,302 | $1,307 | +4.6% |
| LaGrange County, IN Non-metro | $740 | $745 | $977 | $1,171 | $1,294 | +3.4% |
| Carroll County, IN HUD Metro FMR Area Metro | $709 | $742 | $973 | $1,219 | $1,328 | +4.8% |
| Jefferson County, IN Non-metro | $669 | $818 | $971 | $1,201 | $1,524 | +4.3% |
| Noble County, IN Non-metro | $682 | $737 | $967 | $1,159 | $1,622 | +1.6% |
| Montgomery County, IN Non-metro | $802 | $807 | $966 | $1,281 | $1,399 | +2.9% |
| Parke County, IN Non-metro | $691 | $735 | $964 | $1,272 | $1,276 | — |
| Fulton County, IN Non-metro | $689 | $733 | $962 | $1,153 | $1,274 | +3.7% |
| Jennings County, IN Non-metro | $689 | $732 | $961 | $1,337 | $1,567 | +3.6% |
| DeKalb County, IN Non-metro | $688 | $732 | $960 | $1,195 | $1,271 | +3.4% |
| Adams County, IN Non-metro | $695 | $872 | $956 | $1,227 | $1,266 | +3.0% |
| Blackford County, IN Non-metro | $685 | $766 | $956 | $1,268 | $1,555 | +3.0% |
| Cass County, IN Non-metro | $791 | $796 | $956 | $1,278 | $1,282 | +3.0% |
| Crawford County, IN Non-metro | $685 | $852 | $956 | $1,330 | $1,508 | +3.0% |
| Dubois County, IN Non-metro | $685 | $729 | $956 | $1,328 | $1,604 | +3.0% |
| Fayette County, IN Non-metro | $659 | $754 | $956 | $1,184 | $1,266 | +3.0% |
| Fountain County, IN Non-metro | $685 | $729 | $956 | $1,178 | $1,604 | +3.0% |
| Grant County, IN Non-metro | $698 | $767 | $956 | $1,257 | $1,412 | +3.0% |
| Greene County, IN Non-metro | $724 | $729 | $956 | $1,206 | $1,330 | +3.0% |
| Henry County, IN Non-metro | $771 | $775 | $956 | $1,146 | $1,266 | +3.0% |
| Huntington County, IN Non-metro | $685 | $731 | $956 | $1,239 | $1,483 | +3.0% |
| Jay County, IN Non-metro | $685 | $729 | $956 | $1,261 | $1,266 | +3.0% |
| Knox County, IN Non-metro | $725 | $729 | $956 | $1,212 | $1,266 | +3.0% |
| Lawrence County, IN Non-metro | $685 | $729 | $956 | $1,146 | $1,447 | +3.0% |
| Martin County, IN Non-metro | $685 | $729 | $956 | $1,146 | $1,287 | +3.0% |
| Miami County, IN Non-metro | $685 | $773 | $956 | $1,146 | $1,358 | +3.0% |
| Orange County, IN Non-metro | $685 | $729 | $956 | $1,330 | $1,564 | +3.0% |
| Owen County, IN HUD Metro FMR Area Metro | $770 | $798 | $956 | $1,155 | $1,509 | +0.2% |
| Perry County, IN Non-metro | $683 | $729 | $956 | $1,200 | $1,604 | +3.0% |
| Pike County, IN Non-metro | $685 | $729 | $956 | $1,330 | $1,347 | +3.0% |
| Pulaski County, IN Non-metro | $685 | $872 | $956 | $1,330 | $1,604 | +3.0% |
| Randolph County, IN Non-metro | $675 | $841 | $956 | $1,261 | $1,266 | +3.0% |
| Rush County, IN Non-metro | $685 | $762 | $956 | $1,146 | $1,266 | +3.0% |
| Spencer County, IN Non-metro | $659 | $729 | $956 | $1,330 | $1,382 | +3.0% |
| Starke County, IN Non-metro | $685 | $729 | $956 | $1,151 | $1,517 | +3.0% |
| Switzerland County, IN Non-metro | $685 | $729 | $956 | $1,280 | $1,287 | +3.0% |
| Union County, IN Non-metro | $685 | $729 | $956 | $1,220 | $1,477 | — |
| Wabash County, IN Non-metro | $685 | $729 | $956 | $1,146 | $1,266 | +3.0% |
| Warren County, IN HUD Metro FMR Area Metro | $688 | $845 | $956 | $1,330 | $1,376 | +3.0% |
| Wayne County, IN Non-metro | $724 | $729 | $956 | $1,191 | $1,266 | +1.9% |
Download this table as CSV — every area, studio through 4-bedroom, with county lists and year-over-year change.
About this data
Source: HUD FY 2026 Fair Market Rents, county-level file (revised), published at huduser.gov — a U.S. government work in the public domain, republished here unmodified. The typical-rent figure is the population-weighted average across the areas above (county populations from HUD's file); year-over-year comparisons match each area with last year's file by HUD area code. Effective October 1, 2025 through September 30, 2026; last regenerated from HUD's file on 2026-07-20. FMRs cap what a housing authority can pay under the voucher program; your local Public Housing Authority's payment standard may be set between 90% and 110% of FMR. Full method notes: how the rent figures are computed.
Related on Landlord Atlas
- Indiana landlord-tenant laws — security deposits, rent increase notice, late fees, and entry rules, cited to statute.
- Rental profitability calculator — test a Indiana property's cash flow against its county's FMR.
- Rent increase notice creator — moving rent toward market? Generate a state-aware notice.