Rent by ZIP · Morgan County
Rent in Martinsville, IN 46151
HUD's FY2027 Small Area Fair Market Rent for a 2-bedroom here is $1,300 (+5.7% vs FY2026). Renters in this ZIP code pay a median $1,006 a month, including utilities.
Rent by number of bedrooms
| Size | SAFMR FY2027 | FY2026 | Change | Typical voucher range | Census median rent |
|---|---|---|---|---|---|
| Studio | $1,000 | $930 | +7.5% | $900–1,100 | – |
| 1 bedroom | $1,130 | $1,060 | +6.6% | $1,017–1,243 | $735 ±$134 |
| 2 bedrooms | $1,300 | $1,230 | +5.7% | $1,170–1,430 | $981 ±$42 |
| 3 bedrooms | $1,680 | $1,590 | +5.7% | $1,512–1,848 | $1,302 ±$123 |
| 4 bedrooms | $2,050 | $1,950 | +5.1% | $1,845–2,255 | – |
Small Area FMRs for the Indianapolis-Carmel, 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 Indianapolis-Carmel, IN HUD Metro FMR Area, 2 bedrooms: $1,536.
What renters pay in 46151
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 |
|---|---|---|---|
| 46150 | Manilla | $1,280 | – |
| 46149 | Lizton | $1,510 | $1,204 |
| 46148 | Knightstown | $1,110 | $940 |
| 46154 | Maxwell | $1,430 | – |
| 46147 | Jamestown | $1,280 | $1,020 |
| 46155 | Mays | $1,040 | – |
Fair Market Rents across Morgan 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.