Rent in Indiana
The median 2-bedroom Fair Market Rent in Indiana is $1,123/mo, ranking #37 out of 51 states for highest rent. This is $127 below the national median of $1,250/mo. Indiana has a population of 6.8M. About 29.6% of households rent their homes. Fair Market Rent data covers 25 areas across the state.
Highlights
All 25 Areas in Indiana
| Area | Studio | 1BR | 2BR | 3BR | Burden | YoY |
|---|---|---|---|---|---|---|
| Indianapolis-Carmel Pop. 2.1M | $1,118 | $1,267 | $1,473 | $1,907 | 22.9% | +9.2% |
| Columbus Pop. 83K | $1,233 | $1,257 | $1,415 | $1,697 | 21.1% | +18.3% |
| Cincinnati Pop. 2.3M | $958 | $1,051 | $1,353 | $1,785 | 20.4% | +13.2% |
| Gary Pop. 9.4M | $959 | $1,082 | $1,317 | $1,612 | 17.8% | +5% |
| South Bend-Mishawaka Pop. 324K | $898 | $1,105 | $1,292 | $1,567 | 23.7% | +27% |
| Louisville Pop. 1.4M | $966 | $1,047 | $1,272 | $1,625 | 21.3% | -2.2% |
| Lafayette-West Lafayette Pop. 225K | $894 | $1,032 | $1,242 | $1,489 | 24.9% | +16.2% |
| Bloomington Pop. 161K | $966 | $1,072 | $1,210 | $1,572 | 23.1% | +7.5% |
| Anderson Pop. 2.1M | $898 | $919 | $1,206 | $1,594 | 18.8% | +5.8% |
| Elkhart-Goshen Pop. 207K | $968 | $992 | $1,183 | $1,553 | 21.6% | +7.4% |
| Jasper County Pop. 33K | $889 | $895 | $1,174 | $1,535 | 17.7% | +2.2% |
| Michigan City-La Porte Pop. 112K | $874 | $953 | $1,152 | $1,454 | 19.6% | +13.4% |
| Kokomo Pop. 84K | $884 | $890 | $1,123 | $1,388 | 21.6% | +14.6% |
| Franklin County Pop. 23K | $796 | $861 | $1,117 | $1,473 | 16.8% | +19% |
| Evansville Pop. 270K | $853 | $860 | $1,113 | $1,370 | 19.7% | +4% |
| Fort Wayne Pop. 451K | $892 | $916 | $1,113 | $1,381 | 19.3% | +2.2% |
| Tipton County Pop. 15K | $840 | $845 | $1,109 | $1,330 | 17% | - |
| Terre Haute Pop. 169K | $859 | $864 | $1,094 | $1,312 | 23.7% | +13.5% |
| Muncie Pop. 112K | $803 | $845 | $1,043 | $1,349 | 22% | +9.6% |
| Sullivan County Pop. 21K | $758 | $783 | $1,028 | $1,251 | 22.4% | +11.3% |
| Wells County Pop. 28K | $750 | $755 | $991 | $1,203 | 17.1% | - |
| Washington County Pop. 28K | $749 | $753 | $988 | $1,185 | 19.3% | -0.1% |
| Carroll County Pop. 20K | $709 | $742 | $973 | $1,219 | 18.2% | +12.7% |
| Owen County Pop. 21K | $770 | $798 | $956 | $1,155 | 19.3% | +6.3% |
| Warren County Pop. 8.5K | $688 | $845 | $956 | $1,330 | 15.4% | +10.8% |
Frequently Asked Questions
The median 2-bedroom Fair Market Rent across Indiana is $1,123 per month. Rents range from $956/mo in Warren County to $1,473/mo in Indianapolis-Carmel. The actual median gross rent statewide is $1,020/mo according to Census data.
Indiana ranks #37 out of 51 states for highest median Fair Market Rent. The state median 2BR FMR of $1,123/mo is $127 below the national median of $1,250/mo.
The average rent burden across Indiana is 20.2%, meaning a typical household would spend 20.2% of income on a 2-bedroom at Fair Market Rent. No areas exceed HUD's 30% cost-burden threshold. The statewide median household income is $70,051.
The most affordable area in Indiana is Warren County with a 2-bedroom Fair Market Rent of $956/mo. The median household income there is $74,635.
The most expensive area in Indiana is Indianapolis-Carmel with a 2-bedroom Fair Market Rent of $1,473/mo. The median household income there is $77,065.
Fair Market Rents represent the 40th percentile of gross rents for standard-quality rental units. State-level income and demographic data comes from the Census Bureau ACS 5-Year estimates. Rent burden is calculated as annual 2BR FMR divided by area median household income.