Fair Market Rent · Indiana
Fair Market Rent in Monroe 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 Monroe County is $1,252 a month, +3.5% from FY2026. Monroe County is part of the Bloomington, 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 | $1,001 | $966 | +3.6% | $901–1,101 |
| 1 bedroom | $1,096 | $1,072 | +2.2% | $986–1,206 |
| 2 bedrooms | $1,252 | $1,210 | +3.5% | $1,127–1,377 |
| 3 bedrooms | $1,601 | $1,572 | +1.8% | $1,441–1,761 |
| 4 bedrooms | $1,932 | $1,906 | +1.4% | $1,739–2,125 |
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 Monroe 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 |
|---|---|---|---|---|
| 47401 | Bloomington | $1,290 | $1,253 | $1,232 |
| 47403 | Bloomington | $1,170 | $1,111 | $1,167 |
| 47404 | Bloomington | $1,270 | $1,218 | $1,148 |
| 47405 | Bloomington | $1,270 | – | – |
| 47406 | Bloomington | $1,270 | – | $1,219 |
| 47408 | Bloomington | $1,260 | $1,258 | $1,215 |
| 47429 | Ellettsville | $1,090 | $1,036 | $797 |
| 47434 | Harrodsburg | $1,170 | – | – |
| 47458 | Smithville | $1,290 | – | – |
| 47464 | Stinesville | $1,090 | – | $642 |
| 47468 | Unionville | $1,260 | – | $1,652 |
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.