Rent by ZIP · Tippecanoe County
Rent in Lafayette, IN 47905
HUD's FY2027 Small Area Fair Market Rent for a 2-bedroom here is $1,320 (+3.9% vs FY2026). Renters in this ZIP code pay a median $1,107 a month, including utilities.
Rent by number of bedrooms
| Size | SAFMR FY2027 | FY2026 | Change | Typical voucher range | Census median rent |
|---|---|---|---|---|---|
| Studio | $980 | $910 | +7.7% | $882–1,078 | $971 ±$203 |
| 1 bedroom | $1,110 | $1,060 | +4.7% | $999–1,221 | $904 ±$47 |
| 2 bedrooms | $1,320 | $1,270 | +3.9% | $1,188–1,452 | $1,111 ±$37 |
| 3 bedrooms | $1,570 | $1,520 | +3.3% | $1,413–1,727 | $1,325 ±$127 |
| 4 bedrooms | $2,210 | $2,040 | +8.3% | $1,989–2,431 | $1,784 ±$129 |
Small Area FMRs for the Lafayette-West Lafayette, 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 Lafayette-West Lafayette, IN HUD Metro FMR Area, 2 bedrooms: $1,273.
What renters pay in 47905
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 |
|---|---|---|---|
| 47904 | Lafayette | $1,150 | $1,079 |
| 47906 | West Lafayette | $1,350 | $1,240 |
| 47901 | Lafayette | $1,160 | $951 |
| 47909 | Lafayette | $1,290 | $1,130 |
| 47916 | Alamo | $1,110 | – |
| 47917 | Ambia | $1,120 | – |
Fair Market Rents across Tippecanoe 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.