Fair Market Rent · Indiana
Fair Market Rent in Franklin County, IN
FY2027 HUD figures, effective October 1, 2026, plus what renters pay by ZIP code.
HUD's FY2027 Fair Market Rent for a 2-bedroom home in Franklin County is $1,148 a month, +2.8% from FY2026. Franklin County is part of the Franklin County, IN HUD Metro FMR Area (a metro area). HUD also publishes Small Area FMRs by ZIP code here; those can be higher or lower than the area-wide figure. See each ZIP code below.
Area-wide Fair Market Rents
| Size | FY2027 | FY2026 | Change | Typical voucher range (90–110%) |
|---|---|---|---|---|
| Studio | $841 | $796 | +5.7% | $757–925 |
| 1 bedroom | $950 | $861 | +10.3% | $855–1,045 |
| 2 bedrooms | $1,148 | $1,117 | +2.8% | $1,033–1,263 |
| 3 bedrooms | $1,503 | $1,473 | +2% | $1,353–1,653 |
| 4 bedrooms | $1,509 | $1,479 | +2% | $1,358–1,660 |
The voucher range is the typical band housing authorities use for payment standards; your housing authority sets the actual standard.
Rents by ZIP code in Franklin County
Open a ZIP code for every size, the spread of rents and nearby ZIP codes.
Sources: HUD Fair Market Rents and Small Area Fair Market Rents, FY2027 (effective October 1, 2026) and FY2026; U.S. Census Bureau, 2020–2024 American Community Survey 5-year estimates (median gross rent by ZIP code). Fair Market Rents and Census figures include utilities. Not affiliated with HUD or the Census Bureau. About the data.