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RentData.org Logo Anderson Fair Market Rent FY 2023 Anderson, IN HUD Metro FMR Area Rental Data

Fair Market Rent Prices in Anderson, IN :
$638 $696 $908 $1,160 $1,220
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Affordable 40th Percentile Metro Area

Fair Market Rent prices in Anderson are average compared to the national average. This FMR area is more expensive than 57% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Anderson is $908 per month.

The previous year, rent for a two-bedroom home was $796 per month. This is a 14.07% increase year-over-year.

This FMR rate applies to Orestes, IN, Ingalls, IN, Lapel, IN, Frankton, IN, Anderson, IN and other cities within the region. The Metro Code or CBSA code for this region is METRO26900M11300.

Additionally, This Fair Market Rent (FMR) area Anderson, IN HUD Metro FMR Area spans one county or city in Indiana which is listed in the table below. Estimated population of Anderson, IN HUD Metro FMR Area FMR area is 129,486 people based on latest Census data.

Compared to the rest of Indiana, the Anderson FMR area is more expensive than 62% of the state.

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What is Fair Market Rent?

Fair Market Rent is determined each fiscal year by the HUD and is used to set payment standards for federal housing assistance programs in Anderson. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Anderson

To compute the 40th percentile of rent prices the HUD must determine the median or 50th percentile as well. 50th percentile rent prices are NOT fair market rents (unless otherwise noted as a 50th percentile designated region above). However, some home owners or rents may be interested in the median rent prices as well.

50th Percentile Rental Prices:
0-BR Studio / Efficiency $ 676
1-BR 1-Bedroom $ 738
2-BR 2-Bedroom $ 962
3-BR 3-Bedroom $ 1229
4-BR 4-Bedroom $ 1292
Change Year:
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

There is just one county (listed below) within the Anderson, IN HUD Metro FMR Area FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers one metro area: Indianapolis.

County / Region Est. Population
Anderson, IN Metro 129,486
Zip Codes in Anderson, IN HUD Metro FMR Area

There are 8 unique zip codes in this Fair Market Rent (FMR) area:

46013, 46015, 46016, 46018, 46044, 46048, 46051 and 46063

Lookup Fair Market Rent by Zip Code

What's Next?

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