Rent by ZIP · Hamilton County
Rent in Fishers, IN 46038
HUD's FY2027 Small Area Fair Market Rent for a 2-bedroom here is $1,990 (+2.6% vs FY2026). Renters in this ZIP code pay a median $1,575 a month, including utilities.
Rent by number of bedrooms
| Size | SAFMR FY2027 | FY2026 | Change | Typical voucher range | Census median rent |
|---|---|---|---|---|---|
| Studio | $1,540 | $1,470 | +4.8% | $1,386–1,694 | $1,428 ±$669 |
| 1 bedroom | $1,730 | $1,670 | +3.6% | $1,557–1,903 | $1,360 ±$40 |
| 2 bedrooms | $1,990 | $1,940 | +2.6% | $1,791–2,189 | $1,654 ±$82 |
| 3 bedrooms | $2,580 | $2,510 | +2.8% | $2,322–2,838 | $2,028 ±$171 |
| 4 bedrooms | $3,140 | $3,080 | +1.9% | $2,826–3,454 | $2,322 ±$160 |
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 46038
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 |
|---|---|---|---|
| 46037 | Fishers | $2,020 | $1,649 |
| 46039 | Forest | $1,130 | – |
| 46036 | Elwood | $1,200 | $858 |
| 46040 | Fortville | $1,620 | $1,065 |
| 46035 | Colfax | $1,120 | $871 |
| 46041 | Frankfort | $1,040 | $898 |
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.