Rent by ZIP · Lake County
Rent in Gary, IN 46408
HUD's FY2027 Small Area Fair Market Rent for a 2-bedroom here is $1,330 (+9.9% vs FY2026). Renters in this ZIP code pay a median $1,061 a month, including utilities.
Rent by number of bedrooms
| Size | SAFMR FY2027 | FY2026 | Change | Typical voucher range | Census median rent |
|---|---|---|---|---|---|
| Studio | $1,040 | $880 | +18.2% | $936–1,144 | – |
| 1 bedroom | $1,090 | $990 | +10.1% | $981–1,199 | $744 ±$97 |
| 2 bedrooms | $1,330 | $1,210 | +9.9% | $1,197–1,463 | $960 ±$41 |
| 3 bedrooms | $1,620 | $1,480 | +9.5% | $1,458–1,782 | $1,204 ±$90 |
| 4 bedrooms | $1,770 | $1,600 | +10.6% | $1,593–1,947 | $1,330 ±$119 |
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 46408
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 |
|---|---|---|---|
| 46407 | Gary | $1,150 | $867 |
| 46409 | Gary | $1,490 | $1,121 |
| 46406 | Gary | $1,260 | $939 |
| 46410 | Merrillville | $1,760 | $1,422 |
| 46405 | Lake Station | $1,460 | $1,032 |
| 46404 | Gary | $1,300 | $916 |
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.