Fair Market Rent · Indiana
Fair Market Rent in Marion 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 Marion County is $1,536 a month, +4.3% from FY2026. Marion County is part of the Indianapolis-Carmel, 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 | $1,187 | $1,118 | +6.2% | $1,068–1,306 |
| 1 bedroom | $1,336 | $1,267 | +5.4% | $1,202–1,470 |
| 2 bedrooms | $1,536 | $1,473 | +4.3% | $1,382–1,690 |
| 3 bedrooms | $1,991 | $1,907 | +4.4% | $1,792–2,190 |
| 4 bedrooms | $2,425 | $2,338 | +3.7% | $2,182–2,668 |
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 Marion 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 |
|---|---|---|---|---|
| 46107 | Beech Grove | $1,420 | $1,176 | $1,120 |
| 46183 | West Newton | $1,630 | – | – |
| 46201 | Indianapolis | $1,310 | $1,000 | $941 |
| 46202 | Indianapolis | $1,980 | $1,574 | $1,288 |
| 46203 | Indianapolis | $1,380 | $1,059 | $1,111 |
| 46204 | Indianapolis | $2,220 | $2,014 | $1,638 |
| 46205 | Indianapolis | $1,590 | $1,305 | $1,176 |
| 46206 | Indianapolis | $1,470 | – | – |
| 46208 | Indianapolis | $1,400 | $1,090 | $1,075 |
| 46214 | Indianapolis | $1,440 | $1,292 | $1,196 |
| 46216 | Indianapolis | $1,700 | $1,238 | $1,301 |
| 46217 | Indianapolis | $1,790 | $1,382 | $1,324 |
| 46218 | Indianapolis | $1,330 | $1,042 | $1,094 |
| 46219 | Indianapolis | $1,420 | $1,108 | $1,059 |
| 46220 | Indianapolis | $1,790 | $1,406 | $1,376 |
| 46221 | Indianapolis | $1,480 | $1,038 | $1,137 |
| 46222 | Indianapolis | $1,420 | $1,091 | $1,069 |
| 46224 | Indianapolis | $1,470 | $1,142 | $1,095 |
| 46225 | Indianapolis | $1,420 | $1,064 | $1,119 |
| 46226 | Indianapolis | $1,440 | $1,131 | $1,133 |
| 46227 | Indianapolis | $1,370 | $1,044 | $1,035 |
| 46228 | Indianapolis | $1,830 | $1,397 | $1,260 |
| 46229 | Indianapolis | $1,350 | $1,028 | $1,069 |
| 46235 | Indianapolis | $1,310 | $842 | $973 |
| 46236 | Indianapolis | $2,300 | $1,741 | $1,885 |
| 46237 | Indianapolis | $1,730 | $1,382 | $1,279 |
| 46239 | Indianapolis | $1,790 | $1,445 | $1,517 |
| 46240 | Indianapolis | $1,820 | $1,453 | $1,311 |
| 46241 | Indianapolis | $1,480 | $1,116 | $1,208 |
| 46250 | Indianapolis | $1,690 | $1,472 | $1,326 |
| 46254 | Indianapolis | $1,370 | $1,141 | $1,067 |
| 46256 | Indianapolis | $1,500 | $1,314 | $1,175 |
| 46259 | Indianapolis | $1,590 | – | $1,220 |
| 46260 | Indianapolis | $1,560 | $1,179 | $1,128 |
| 46268 | Indianapolis | $1,570 | $1,377 | $1,216 |
| 46278 | Indianapolis | $2,300 | – | $1,589 |
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.