Rent by ZIP · Shelby County
Rent in Morristown, IN 46161
HUD's FY2027 Small Area Fair Market Rent for a 2-bedroom here is $1,340 (+3.1% vs FY2026). Renters in this ZIP code pay a median $974 a month, including utilities.
Rent by number of bedrooms
| Size | SAFMR FY2027 | FY2026 | Change | Typical voucher range | Census median rent |
|---|---|---|---|---|---|
| Studio | $1,030 | $990 | +4% | $927–1,133 | – |
| 1 bedroom | $1,160 | $1,120 | +3.6% | $1,044–1,276 | $664 ±$122 |
| 2 bedrooms | $1,340 | $1,300 | +3.1% | $1,206–1,474 | $909 ±$150 |
| 3 bedrooms | $1,730 | $1,690 | +2.4% | $1,557–1,903 | $1,231 ±$308 |
| 4 bedrooms | $2,100 | $2,060 | +1.9% | $1,890–2,310 | – |
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 46161
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 |
|---|---|---|---|
| 46160 | Morgantown | $1,160 | $896 |
| 46163 | New Palestine | $1,430 | $1,158 |
| 46158 | Mooresville | $1,390 | $990 |
| 46164 | Nineveh | $1,140 | – |
| 46157 | Monrovia | $1,080 | $759 |
| 46165 | North Salem | $2,070 | – |
Fair Market Rents across Shelby 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.