Average Rent in Gary, IN
The Fair Market Rent for a 2-bedroom in Gary, IN is $1,317 per month, based on HUD data. With a median household income of $88,850, a household would spend 17.8% of income on housing at Fair Market Rent. Rent has increased 5.0% year over year. The national median 2BR FMR is $1,250/mo for comparison.
Fair Market Rent by Bedroom
| Size | Monthly FMR |
|---|---|
| Studio | $959 |
| 1 Bedroom | $1,082 |
| 2 Bedroom | $1,317 |
| 3 Bedroom | $1,612 |
| 4 Bedroom | $1,744 |
Affordability
| Metric | Value |
|---|---|
| Median Household Income | $88,850 |
| Rent Burden (2BR FMR / Income) | 17.8% |
| Income Needed for 2BR (30% rule) | $52,680/yr |