Rent by ZIP · Hamilton County
Rent in Carmel, IN 46032
HUD's FY2027 Small Area Fair Market Rent for a 2-bedroom here is $2,140 (+4.9% vs FY2026). Renters in this ZIP code pay a median $1,642 a month, including utilities.
Rent by number of bedrooms
| Size | SAFMR FY2027 | FY2026 | Change | Typical voucher range | Census median rent |
|---|---|---|---|---|---|
| Studio | $1,650 | $1,550 | +6.5% | $1,485–1,815 | $1,622 ±$911 |
| 1 bedroom | $1,860 | $1,750 | +6.3% | $1,674–2,046 | $1,467 ±$64 |
| 2 bedrooms | $2,140 | $2,040 | +4.9% | $1,926–2,354 | $1,689 ±$61 |
| 3 bedrooms | $2,770 | $2,640 | +4.9% | $2,493–3,047 | $1,819 ±$232 |
| 4 bedrooms | $3,380 | $3,240 | +4.3% | $3,042–3,718 | $2,300 ±$174 |
Small Area FMRs for the Indianapolis-Carmel, IN HUD Metro FMR Area. 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 Indianapolis-Carmel, IN HUD Metro FMR Area, 2 bedrooms: $1,536.
What renters pay in 46032
How rents are spread
Share of renter households paying cash rent, by monthly gross rent (rent plus utilities).
Nearby ZIP codes
| ZIP | Place | 2-bedroom FMR | Census median, 2 bedrooms |
|---|---|---|---|
| 46031 | Atlanta | $1,470 | $1,112 |
| 46033 | Carmel | $2,160 | $1,685 |
| 46030 | Arcadia | $1,270 | $1,051 |
| 46034 | Cicero | $1,410 | $729 |
| 46035 | Colfax | $1,120 | $871 |
| 46036 | Elwood | $1,200 | $858 |
Fair Market Rents across Hamilton County, IN · All IN 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.