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Rent by ZIP · McLean County

Rent in Island, KY 42350

HUD's FY2027 Small Area Fair Market Rent for a 2-bedroom here is $1,140 (+2.7% vs FY2026). Renters in this ZIP code pay a median $929 a month, including utilities.

Rent by number of bedrooms

SizeSAFMR FY2027FY2026ChangeTypical voucher rangeCensus median rent
Studio$870$840+3.6%$783–957–
1 bedroom$870$850+2.4%$783–957–
2 bedrooms$1,140$1,110+2.7%$1,026–1,254$923 ±$112
3 bedrooms$1,510$1,470+2.7%$1,359–1,661–
4 bedrooms$1,520$1,470+3.4%$1,368–1,672–

Small Area FMRs for the Owensboro, KY MSA. Fair Market Rents include utilities. The voucher range is the typical 90–110% band; your housing authority sets the actual payment standard.

Area-wide FMR for Owensboro, KY MSA, 2 bedrooms: $1,138.

What renters pay in 42350

Median gross rent$929±$91 · all sizes
Renter households6011% of occupied homes
No cash rent20households

How rents are spread

Under $1,00093%
$1,000–1,4998%
$1,500–1,9990%
$2,000–2,4990%
$2,500–2,9990%
$3,000–3,4990%
$3,500+0%

Share of renter households paying cash rent, by monthly gross rent (rent plus utilities).

Nearby ZIP codes

ZIPPlace2-bedroom FMRCensus median, 2 bedrooms
42349Horse Branch$910–
42351Lewisport$1,000$843
42348Hawesville$1,000$688
42352Livermore$1,000–
42347Hartford$910$588
42354Mc Henry$910–

Fair Market Rents across McLean County, KY · All KY counties · What is Fair Market Rent?

Sources: HUD Small Area and county Fair Market Rents, FY2027 (effective October 1, 2026); U.S. Census Bureau, 2020–2024 ACS 5-year estimates. Census figures are survey estimates (±90% margin of error) and trail today's market. Place name from GeoNames. About the data.