Fair Market Rent · Indiana
Fair Market Rent in Lake 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 Lake County is $1,429 a month, +8.5% from FY2026. Lake County is part of the Gary, 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 | $1,117 | $959 | +16.5% | $1,005–1,229 |
| 1 bedroom | $1,176 | $1,082 | +8.7% | $1,058–1,294 |
| 2 bedrooms | $1,429 | $1,317 | +8.5% | $1,286–1,572 |
| 3 bedrooms | $1,739 | $1,612 | +7.9% | $1,565–1,913 |
| 4 bedrooms | $1,898 | $1,744 | +8.8% | $1,708–2,088 |
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 Lake County
Open a ZIP code for every size, the spread of rents and nearby ZIP codes.
| ZIP | Place | 2-bedroom FMR (ZIP) | Census median, 2 bedrooms | Census median, all sizes |
|---|---|---|---|---|
| 46303 | Cedar Lake | $1,580 | $1,223 | $1,361 |
| 46307 | Crown Point | $1,650 | $1,382 | $1,391 |
| 46311 | Dyer | $1,480 | $1,462 | $1,233 |
| 46312 | East Chicago | $1,140 | $884 | $854 |
| 46319 | Griffith | $1,490 | $1,301 | $1,242 |
| 46320 | Hammond | $1,300 | $1,179 | $994 |
| 46321 | Munster | $1,880 | $1,426 | $1,507 |
| 46322 | Highland | $1,550 | $1,310 | $1,230 |
| 46323 | Hammond | $1,540 | $1,187 | $1,274 |
| 46324 | Hammond | $1,450 | $1,180 | $1,172 |
| 46327 | Hammond | $1,410 | $1,103 | $1,093 |
| 46342 | Hobart | $1,430 | $1,234 | $1,132 |
| 46356 | Lowell | $1,540 | $1,263 | $1,179 |
| 46373 | Saint John | $1,490 | $927 | $981 |
| 46375 | Schererville | $1,610 | $1,480 | $1,362 |
| 46376 | Schneider | $1,340 | $1,094 | $1,125 |
| 46377 | Shelby | $1,540 | – | – |
| 46394 | Whiting | $1,230 | $989 | $986 |
| 46402 | Gary | $1,260 | $953 | $951 |
| 46403 | Gary | $1,220 | $865 | $966 |
| 46404 | Gary | $1,300 | $916 | $999 |
| 46405 | Lake Station | $1,460 | $1,032 | $1,144 |
| 46406 | Gary | $1,260 | $939 | $995 |
| 46407 | Gary | $1,150 | $867 | $868 |
| 46408 | Gary | $1,330 | $960 | $1,061 |
| 46409 | Gary | $1,490 | $1,121 | $1,195 |
| 46410 | Merrillville | $1,760 | $1,422 | $1,270 |
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.