Rent by ZIP · Madison County
Rent in Lapel, IN 46051
HUD's FY2027 Small Area Fair Market Rent for a 2-bedroom here is $1,700 (+19.7% vs FY2026). Renters in this ZIP code pay a median $1,285 a month, including utilities.
Rent by number of bedrooms
| Size | SAFMR FY2027 | FY2026 | Change | Typical voucher range | Census median rent |
|---|---|---|---|---|---|
| Studio | $1,290 | $1,060 | +21.7% | $1,161–1,419 | – |
| 1 bedroom | $1,300 | $1,080 | +20.4% | $1,170–1,430 | $1,628 ±$1,209 |
| 2 bedrooms | $1,700 | $1,420 | +19.7% | $1,530–1,870 | $1,013 ±$167 |
| 3 bedrooms | $2,230 | $1,880 | +18.6% | $2,007–2,453 | $1,439 ±$212 |
| 4 bedrooms | $2,230 | $1,880 | +18.6% | $2,007–2,453 | – |
Small Area FMRs for the Anderson, 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 Anderson, IN HUD Metro FMR Area, 2 bedrooms: $1,331.
What renters pay in 46051
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 |
|---|---|---|---|
| 46050 | Kirklin | $1,150 | $950 |
| 46052 | Lebanon | $1,280 | $1,120 |
| 46049 | Kempton | $1,240 | $690 |
| 46048 | Ingalls | $1,900 | – |
| 46047 | Hobbs | $1,230 | – |
| 46055 | Mccordsville | $2,090 | $965 |
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.