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RentData.org Logo Evansville Fair Market Rent FY 2022 Evansville, IN-KY MSA Rental Data

Fair Market Rent Prices in Evansville, IN :
$621 $706 $880 $1,153 $1,326
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Moderate 40th Percentile Metro Area

Fair Market Rent prices in Evansville are average compared to the national average. This FMR area is more expensive than 74% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Evansville is $880 per month.

The previous year, rent for a two-bedroom home was $845 per month. This is a 4.14% increase year-over-year.

This FMR rate applies to New Harmony, IN, Wadesville, IN, Mount Vernon, IN, Evansville, IN and other cities within the region. The Metro Code or CBSA code for this region is METRO21780M21780.

Additionally, This Fair Market Rent (FMR) area Evansville, IN-KY MSA spans one county or city in Indiana which is listed in the table below. Estimated population of Evansville, IN-KY MSA FMR area is 25,600 people based on latest Census data.

Compared to the rest of Indiana, the Evansville FMR area is more expensive than 87% 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 Evansville. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Evansville

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 $ 663
1-BR 1-Bedroom $ 754
2-BR 2-Bedroom $ 939
3-BR 3-Bedroom $ 1231
4-BR 4-Bedroom $ 1415
Change Year:
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

There is just one county (listed below) within the Evansville, IN-KY MSA FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers one metro area: Evansville.

County / Region Est. Population
Evansville, IN Metro 25,600
Zip Codes in Evansville, IN-KY MSA

There are 5 unique zip codes in this Fair Market Rent (FMR) area:

47620, 47631, 47638, 47712 and 47720

Lookup Fair Market Rent by Zip Code

What's Next?

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