Average Rent in Indiana (2027) — HUD Fair Market Rents
The average two-bedroom rent in Indiana is $1,302 per month by HUD's FY 2027 Fair Market Rent data (population-weighted); two-bedroom FMRs range from $1,014 to $1,536 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 +5.4% versus FY 2026).
All 73 Indiana FMR areas
Sorted by two-bedroom rent, highest first. 25 metro areas; the rest are non-metro county areas. "vs FY 2026" 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 2026 |
|---|---|---|---|---|---|---|
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 | $1,187 | $1,336 | $1,536 | $1,991 | $2,425 | +4.3% |
| Columbus, IN MSA Metro | $1,261 | $1,276 | $1,493 | $1,779 | $2,126 | +5.5% |
Cincinnati, OH-KY-IN HUD Metro FMR Area Metro 2 countiesDearborn County · Ohio County | $1,052 | $1,128 | $1,442 | $1,897 | $2,141 | +6.6% |
Gary, IN HUD Metro FMR Area Metro 3 countiesLake County · Newton County · Porter County | $1,117 | $1,176 | $1,429 | $1,739 | $1,898 | +8.5% |
| Jasper County, IN HUD Metro FMR Area Metro | $1,024 | $1,031 | $1,349 | $1,741 | $1,773 | +14.9% |
| Anderson, IN HUD Metro FMR Area Metro | $1,011 | $1,017 | $1,331 | $1,743 | $1,749 | +10.4% |
Louisville, KY-IN HUD Metro FMR Area Metro 3 countiesClark County · Floyd County · Harrison County | $976 | $1,058 | $1,276 | $1,629 | $1,874 | +0.3% |
| South Bend-Mishawaka, IN HUD Metro FMR Area Metro | $937 | $1,093 | $1,276 | $1,545 | $1,677 | -1.2% |
Lafayette-West Lafayette, IN HUD Metro FMR Area Metro 2 countiesBenton County · Tippecanoe County | $942 | $1,070 | $1,273 | $1,517 | $2,128 | +2.5% |
| Elkhart-Goshen, IN MSA Metro | $1,008 | $1,048 | $1,253 | $1,653 | $1,752 | +5.9% |
| Bloomington, IN HUD Metro FMR Area Metro | $1,001 | $1,096 | $1,252 | $1,601 | $1,932 | +3.5% |
Fort Wayne, IN HUD Metro FMR Area Metro 2 countiesAllen County · Whitley County | $1,025 | $1,026 | $1,248 | $1,534 | $1,679 | +12.1% |
| Michigan City-La Porte, IN MSA Metro | $963 | $1,031 | $1,245 | $1,525 | $1,762 | +8.1% |
| Tipton County, IN HUD Metro FMR Area Metro | $941 | $947 | $1,239 | $1,476 | $1,628 | +11.7% |
| Kokomo, IN MSA Metro | $909 | $915 | $1,179 | $1,420 | $1,636 | +5.0% |
Terre Haute, IN HUD Metro FMR Area Metro 3 countiesClay County · Vermillion County · Vigo County | $890 | $896 | $1,164 | $1,387 | $1,610 | +6.4% |
| Kosciusko County, IN Non-metro | $882 | $888 | $1,162 | $1,410 | $1,527 | +1.8% |
| Franklin County, IN HUD Metro FMR Area Metro | $841 | $950 | $1,148 | $1,503 | $1,509 | +2.8% |
| Muncie, IN MSA Metro | $899 | $913 | $1,145 | $1,438 | $1,890 | +9.8% |
| Jackson County, IN Non-metro | $867 | $873 | $1,142 | $1,445 | $1,507 | +7.8% |
| White County, IN Non-metro | $848 | $867 | $1,134 | $1,351 | $1,490 | +10.1% |
Evansville, IN MSA Metro 3 countiesPosey County · Vanderburgh County · Warrick County | $866 | $872 | $1,127 | $1,387 | $1,534 | +1.3% |
| Decatur County, IN Non-metro | $832 | $850 | $1,112 | $1,325 | $1,461 | +3.8% |
| Steuben County, IN Non-metro | $837 | $842 | $1,102 | $1,415 | $1,448 | +6.4% |
| Wells County, IN HUD Metro FMR Area Metro | $837 | $842 | $1,102 | $1,342 | $1,535 | +11.2% |
| Daviess County, IN Non-metro | $815 | $833 | $1,090 | $1,336 | $1,433 | +8.7% |
| Marshall County, IN Non-metro | $814 | $877 | $1,088 | $1,296 | $1,430 | +7.9% |
| Gibson County, IN Non-metro | $822 | $828 | $1,083 | $1,364 | $1,524 | +8.2% |
| Sullivan County, IN HUD Metro FMR Area Metro | $810 | $816 | $1,067 | $1,370 | $1,783 | +3.8% |
| Clinton County, IN Non-metro | $850 | $855 | $1,063 | $1,416 | $1,445 | +5.6% |
| Putnam County, IN Non-metro | $790 | $905 | $1,056 | $1,462 | $1,742 | +2.5% |
| Ripley County, IN Non-metro | $788 | $805 | $1,053 | $1,363 | $1,384 | +6.7% |
| Scott County, IN Non-metro | $783 | $800 | $1,047 | $1,341 | $1,400 | +3.8% |
| Montgomery County, IN Non-metro | $895 | $900 | $1,046 | $1,351 | $1,459 | +8.3% |
| Jefferson County, IN Non-metro | $752 | $862 | $1,041 | $1,313 | $1,636 | +7.2% |
| Jennings County, IN Non-metro | $778 | $795 | $1,040 | $1,385 | $1,411 | +8.2% |
| LaGrange County, IN Non-metro | $789 | $794 | $1,039 | $1,238 | $1,366 | +6.3% |
| Fulton County, IN Non-metro | $774 | $790 | $1,034 | $1,232 | $1,359 | +7.5% |
| Switzerland County, IN Non-metro | $770 | $787 | $1,029 | $1,246 | $1,376 | +7.6% |
| Carroll County, IN HUD Metro FMR Area Metro | $760 | $787 | $1,027 | $1,232 | $1,396 | +5.5% |
| Lawrence County, IN Non-metro | $768 | $784 | $1,026 | $1,222 | $1,572 | +7.3% |
| DeKalb County, IN Non-metro | $765 | $814 | $1,023 | $1,270 | $1,344 | +6.6% |
| Noble County, IN Non-metro | $765 | $782 | $1,023 | $1,219 | $1,710 | +5.8% |
| Adams County, IN Non-metro | $759 | $931 | $1,014 | $1,281 | $1,413 | +6.1% |
| Blackford County, IN Non-metro | $759 | $775 | $1,014 | $1,373 | $1,589 | +6.1% |
| Cass County, IN Non-metro | $831 | $836 | $1,014 | $1,350 | $1,355 | +6.1% |
| Crawford County, IN Non-metro | $759 | $834 | $1,014 | $1,404 | $1,479 | +6.1% |
| Dubois County, IN Non-metro | $759 | $775 | $1,014 | $1,351 | $1,695 | +6.1% |
| Fayette County, IN Non-metro | $706 | $843 | $1,014 | $1,261 | $1,350 | +6.1% |
| Fountain County, IN Non-metro | $759 | $775 | $1,014 | $1,279 | $1,695 | +6.1% |
| Grant County, IN Non-metro | $748 | $804 | $1,014 | $1,329 | $1,488 | +6.1% |
| Greene County, IN Non-metro | $770 | $775 | $1,014 | $1,266 | $1,533 | +6.1% |
| Henry County, IN Non-metro | $805 | $810 | $1,014 | $1,208 | $1,333 | +6.1% |
| Huntington County, IN Non-metro | $759 | $781 | $1,014 | $1,311 | $1,634 | +6.1% |
| Jay County, IN Non-metro | $759 | $775 | $1,014 | $1,328 | $1,333 | +6.1% |
| Knox County, IN Non-metro | $769 | $775 | $1,014 | $1,332 | $1,333 | +6.1% |
| Martin County, IN Non-metro | $759 | $775 | $1,014 | $1,208 | $1,536 | +6.1% |
| Miami County, IN Non-metro | $759 | $827 | $1,014 | $1,208 | $1,412 | +6.1% |
| Orange County, IN Non-metro | $759 | $826 | $1,014 | $1,378 | $1,637 | +6.1% |
| Owen County, IN HUD Metro FMR Area Metro | $818 | $914 | $1,014 | $1,244 | $1,606 | +6.1% |
| Parke County, IN Non-metro | $759 | $775 | $1,014 | $1,328 | $1,333 | +5.2% |
| Perry County, IN Non-metro | $759 | $775 | $1,014 | $1,259 | $1,695 | +6.1% |
| Pike County, IN Non-metro | $759 | $775 | $1,014 | $1,404 | $1,429 | +6.1% |
| Pulaski County, IN Non-metro | $759 | $893 | $1,014 | $1,404 | $1,695 | +6.1% |
| Randolph County, IN Non-metro | $706 | $931 | $1,014 | $1,328 | $1,333 | +6.1% |
| Rush County, IN Non-metro | $759 | $786 | $1,014 | $1,208 | $1,333 | +6.1% |
| Spencer County, IN Non-metro | $706 | $775 | $1,014 | $1,351 | $1,356 | +6.1% |
| Starke County, IN Non-metro | $759 | $775 | $1,014 | $1,244 | $1,579 | +6.1% |
| Union County, IN Non-metro | $759 | $775 | $1,014 | $1,248 | $1,356 | +6.1% |
| Wabash County, IN Non-metro | $759 | $775 | $1,014 | $1,208 | $1,348 | +6.1% |
| Warren County, IN HUD Metro FMR Area Metro | $750 | $892 | $1,014 | $1,328 | $1,333 | +6.1% |
| Washington County, IN HUD Metro FMR Area Metro | $770 | $775 | $1,014 | $1,222 | $1,333 | +2.6% |
| Wayne County, IN Non-metro | $770 | $775 | $1,014 | $1,281 | $1,333 | +6.1% |
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 2027 Fair Market Rents, county-level file, 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, 2026 through September 30, 2027; last regenerated from HUD's file on 2026-09-01. 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, entry rules, and the eviction process, 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.