Rent by ZIP · Lake County
Rent in Gary, IN 46407
HUD's FY2027 Small Area Fair Market Rent for a 2-bedroom here is $1,150 (+7.5% vs FY2026). Renters in this ZIP code pay a median $868 a month, including utilities.
Rent by number of bedrooms
| Size | SAFMR FY2027 | FY2026 | Change | Typical voucher range | Census median rent |
|---|---|---|---|---|---|
| Studio | $900 | $780 | +15.4% | $810–990 | – |
| 1 bedroom | $950 | $880 | +8% | $855–1,045 | $356 ±$205 |
| 2 bedrooms | $1,150 | $1,070 | +7.5% | $1,035–1,265 | $867 ±$78 |
| 3 bedrooms | $1,400 | $1,310 | +6.9% | $1,260–1,540 | $1,034 ±$104 |
| 4 bedrooms | $1,530 | $1,420 | +7.7% | $1,377–1,683 | $1,183 ±$95 |
Small Area FMRs for the Gary, 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 Gary, IN HUD Metro FMR Area, 2 bedrooms: $1,429.
What renters pay in 46407
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 |
|---|---|---|---|
| 46406 | Gary | $1,260 | $939 |
| 46408 | Gary | $1,330 | $960 |
| 46405 | Lake Station | $1,460 | $1,032 |
| 46409 | Gary | $1,490 | $1,121 |
| 46404 | Gary | $1,300 | $916 |
| 46410 | Merrillville | $1,760 | $1,422 |
Fair Market Rents across Lake 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.