Rent by ZIP · Madison County
Rent in Elwood, IN 46036
HUD's FY2027 Small Area Fair Market Rent for a 2-bedroom here is $1,200 (+9.1% vs FY2026). Renters in this ZIP code pay a median $865 a month, including utilities.
Rent by number of bedrooms
| Size | SAFMR FY2027 | FY2026 | Change | Typical voucher range | Census median rent |
|---|---|---|---|---|---|
| Studio | $910 | $810 | +12.3% | $819–1,001 | $713 ±$66 |
| 1 bedroom | $920 | $940 | -2.1% | $828–1,012 | $732 ±$75 |
| 2 bedrooms | $1,200 | $1,100 | +9.1% | $1,080–1,320 | $858 ±$81 |
| 3 bedrooms | $1,570 | $1,440 | +9% | $1,413–1,727 | $1,048 ±$138 |
| 4 bedrooms | $1,580 | $1,730 | -8.7% | $1,422–1,738 | $1,087 ±$74 |
Small Area FMRs for the Anderson, IN HUD Metro FMR Area. This ZIP code is in more than one HUD area; figures are for the main one. 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 Anderson, IN HUD Metro FMR Area, 2 bedrooms: $1,331.
What renters pay in 46036
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 |
|---|---|---|---|
| 46035 | Colfax | $1,120 | $871 |
| 46037 | Fishers | $2,020 | $1,649 |
| 46034 | Cicero | $1,410 | $729 |
| 46038 | Fishers | $1,990 | $1,654 |
| 46033 | Carmel | $2,160 | $1,685 |
| 46039 | Forest | $1,130 | – |
Fair Market Rents across Madison 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.