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RentData.org Logo Indianapolis Fair Market Rent FY 2008 Indianapolis, IN HUD Metro FMR Area Rental Data

Fair Market Rent Prices in Indianapolis, IN :
$528 $611 $726 $939 $994
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 Indianapolis are high compared to the national average. This FMR area is more expensive than 86% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Indianapolis is $726 per month.

The previous year, rent for a two-bedroom home was $693 per month. This is a 4.76% increase year-over-year.

This FMR rate applies to Advance, IN, New Ross, IN, Colfax, IN, Kirklin, IN, Lizton, IN, Whitestown, IN, Jamestown, IN, Thorntown, IN, Pittsboro, IN, Sheridan, IN and other cities within the region. The Metro Code or CBSA code for this region is METRO26900M26900.

Additionally, This Fair Market Rent (FMR) area Indianapolis, IN HUD Metro FMR Area spans one county or city in Indiana which is listed in the table below. Estimated population of Indianapolis, IN HUD Metro FMR Area FMR area is 46,107 people based on latest Census data.

Compared to the rest of Indiana, the Indianapolis FMR area is more expensive than 97% 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 Indianapolis. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Indianapolis

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 $ 559
1-BR 1-Bedroom $ 650
2-BR 2-Bedroom $ 776
3-BR 3-Bedroom $ 1007
4-BR 4-Bedroom $ 1086
Change Year:
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

There is just one county (listed below) within the Indianapolis, 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
Indianapolis, IN Metro 46,107
Zip Codes in Indianapolis, IN HUD Metro FMR Area

There are 18 unique zip codes in this Fair Market Rent (FMR) area:

46032, 46035, 46041, 46050, 46052, 46069, 46071, 46075, 46077, 46102, 46112, 46147, 46149, 46167, 46268, 46278, 47933 and 47968

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What's Next?

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