Rent by ZIP · Morgan County
Rent in Monrovia, IN 46157
HUD's FY2027 Small Area Fair Market Rent for a 2-bedroom here is $1,080 (-1.8% vs FY2026). Renters in this ZIP code pay a median $821 a month, including utilities.
Rent by number of bedrooms
| Size | SAFMR FY2027 | FY2026 | Change | Typical voucher range | Census median rent |
|---|---|---|---|---|---|
| Studio | $830 | $810 | +2.5% | $747–913 | – |
| 1 bedroom | $940 | $940 | 0% | $846–1,034 | – |
| 2 bedrooms | $1,080 | $1,100 | -1.8% | $972–1,188 | $759 ±$220 |
| 3 bedrooms | $1,400 | $1,440 | -2.8% | $1,260–1,540 | $1,469 ±$300 |
| 4 bedrooms | $1,700 | $1,730 | -1.7% | $1,530–1,870 | – |
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 46157
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 |
|---|---|---|---|
| 46156 | Milroy | $1,010 | – |
| 46158 | Mooresville | $1,390 | $990 |
| 46155 | Mays | $1,040 | – |
| 46154 | Maxwell | $1,430 | – |
| 46160 | Morgantown | $1,160 | $896 |
| 46161 | Morristown | $1,340 | $909 |
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.