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RentData.org Logo Franklin County Fair Market Rent FY 2021 Franklin County, IN Rental Data

Fair Market Rent Prices in Franklin County, IN :
$499 $574 $756 $966 $1,068
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Affordable 40th Percentile Non-Metro

Fair Market Rent prices in Franklin County are low compared to the national average. This FMR area is less expensive than 64% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Franklin County is $756 per month.

The previous year, rent for a two-bedroom home was $720 per month. This is a 5% increase year-over-year.

This FMR rate applies to Bath, IN, New Trenton, IN, Cedar Grove, IN, West College Corner, IN, Oldenburg, IN, Metamora, IN, Liberty, IN, Batesville, IN and other cities within the region. The Metro Code or CBSA code for this region is NCNTY18047N18047.

Additionally, This Fair Market Rent (FMR) area Franklin County, IN spans one county or city in Indiana which is listed in the table below. Estimated population of Franklin County, IN FMR area is 22,835 people based on latest Census data.

Compared to the rest of Indiana, the Franklin County FMR area is less expensive than 75% of the state.

Indiana Rents Map

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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 Franklin County. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Franklin County

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 $ 533
1-BR 1-Bedroom $ 613
2-BR 2-Bedroom $ 808
3-BR 3-Bedroom $ 1032
4-BR 4-Bedroom $ 1141
Change Year:
2016 2017 2018 2019 2020 2021

There is just one county (listed below) within the Franklin County, IN FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers one metro area: Cincinnati.

County / Region Est. Population
Franklin County, IN 22,835
Zip Codes in Franklin County, IN

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

47003, 47006, 47010, 47016, 47030, 47035, 47036 and 47353

Lookup Fair Market Rent by Zip Code

What's Next?

Here are some additional resources you may also be interested in:

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