IN/Marion County/INDIANAPOLIS
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INDIANAPOLIS, IN
CitySAFMR
Marion County
Found 50 ZIPs
Zillow
BRFMR
Eff. Rent
0 BR$950 – $1,650▲$780 – $1,610
1 BR$1,080 – $1,870▲$850 – $1,630
2 BR$1,250 – $2,170▲$1,080 – $2,150
3 BR$1,620 – $2,810▲$1,260 – $2,810
4 BR$1,980 – $3,440▲$1,520 – $3,170
5 BR$2,611▲—
6 BR$3,002▲—
7 BR$3,452▲—
8 BR$3,970▲—

Market Alignment

How HUD fair market rents align with the state of the rental market.

Studio
Studio· 1 ZIP
0.74ratio
FMR$950
Market$1,280
vs market-$330

FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.

Studio· 1 ZIP
0.83ratio
FMR$1,210
Market$1,450
vs market-$240

FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.

Studio· 1 ZIP
0.88ratio
FMR$1,070
Market$1,220
vs market-$150

FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.

Studio· 2 ZIPs
0.91ratio range
Median FMR$1,165
Median Market$1,285
vs market-$120

FMR aligns with market rates. Payment is likely to be at or near the FMR in this area.

Studio· 1 ZIP
0.97ratio
FMR$1,350
Market$1,390
vs market-$40

FMR aligns with market rates. Payment is likely to be at or near the FMR in this area.

Studio· 1 ZIP
1.00ratio
FMR$1,090
Market$1,090
vs market+$0

FMR aligns with market rates. Payment is likely to be at or near the FMR in this area.

Studio· 10 ZIPs
1.02–1.05ratio range
Median FMR$1,070
Median Market$1,020
vs market+$50

FMR aligns with market rates. Payment is likely to be at or near the FMR in this area.

10
Studio· 3 ZIPs
1.08–1.10ratio range
Median FMR$1,020
Median Market$930
vs market+$90

FMR aligns with market rates. Payment is likely to be at or near the FMR in this area.

Studio· 8 ZIPs
1.10–1.15ratio range
Median FMR$1,120
Median Market$995
vs market+$125

FMR exceeds market. Payment is likely to be capped due to rent reasonableness requirements in this area.

8
Studio· 5 ZIPs
1.15–1.19ratio range
Median FMR$1,130
Median Market$980
vs market+$150

FMR exceeds market. Payment is likely to be capped due to rent reasonableness requirements in this area.

5
Studio· 3 ZIPs
1.20–1.25ratio range
Median FMR$1,550
Median Market$1,290
vs market+$260

FMR exceeds market. Payment is likely to be capped due to rent reasonableness requirements in this area.

Studio· 5 ZIPs
1.25–1.28ratio range
Median FMR$1,090
Median Market$850
vs market+$240

FMR exceeds market. Payment is likely to be capped due to rent reasonableness requirements in this area.

5
Studio· 3 ZIPs
1.31–1.33ratio range
Median FMR$1,240
Median Market$930
vs market+$310

FMR exceeds market. Payment is likely to be capped due to rent reasonableness requirements in this area.

Studio· 1 ZIP
1.42ratio
FMR$1,310
Market$920
vs market+$390

FMR exceeds market. Payment is likely to be capped due to rent reasonableness requirements in this area.

0.74–1.42
1 BR
1 BR· 2 ZIPs
0.81ratio range
Median FMR$1,090
Median Market$1,350
vs market-$260

FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.

1 BR· 8 ZIPs
0.87–0.88ratio range
Median FMR$1,210
Median Market$1,370
vs market-$160

FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.

8
1 BR· 1 ZIP
0.90ratio
FMR$1,210
Market$1,340
vs market-$130

FMR aligns with market rates. Payment is likely to be at or near the FMR in this area.

1 BR· 3 ZIPs
0.95–0.97ratio range
Median FMR$1,380
Median Market$1,450
vs market-$70

FMR aligns with market rates. Payment is likely to be at or near the FMR in this area.

1 BR· 2 ZIPs
1.00–1.02ratio range
Median FMR$1,235
Median Market$1,225
vs market+$10

FMR aligns with market rates. Payment is likely to be at or near the FMR in this area.

1 BR· 3 ZIPs
1.02–1.05ratio range
Median FMR$1,180
Median Market$1,130
vs market+$50

FMR aligns with market rates. Payment is likely to be at or near the FMR in this area.

1 BR· 3 ZIPs
1.06–1.10ratio range
Median FMR$1,590
Median Market$1,450
vs market+$140

FMR aligns with market rates. Payment is likely to be at or near the FMR in this area.

1 BR· 6 ZIPs
1.11–1.15ratio range
Median FMR$1,505
Median Market$1,325
vs market+$180

FMR exceeds market. Payment is likely to be capped due to rent reasonableness requirements in this area.

6
1 BR· 3 ZIPs
1.19–1.20ratio range
Median FMR$1,140
Median Market$960
vs market+$180

FMR exceeds market. Payment is likely to be capped due to rent reasonableness requirements in this area.

1 BR· 5 ZIPs
1.21–1.24ratio range
Median FMR$1,390
Median Market$1,130
vs market+$260

FMR exceeds market. Payment is likely to be capped due to rent reasonableness requirements in this area.

5
1 BR· 3 ZIPs
1.27–1.29ratio range
Median FMR$1,160
Median Market$910
vs market+$250

FMR exceeds market. Payment is likely to be capped due to rent reasonableness requirements in this area.

1 BR· 1 ZIP
1.31ratio
FMR$1,180
Market$900
vs market+$280

FMR exceeds market. Payment is likely to be capped due to rent reasonableness requirements in this area.

1 BR· 5 ZIPs
1.35–1.47ratio range
Median FMR$1,490
Median Market$1,050
vs market+$440

FMR exceeds market. Payment is likely to be capped due to rent reasonableness requirements in this area.

5
0.81–1.47
2 BR
2 BR· 3 ZIPs
0.82–0.83ratio range
Median FMR$1,280
Median Market$1,550
vs market-$270

FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.

2 BR· 9 ZIPs
0.86–0.90ratio range
Median FMR$1,410
Median Market$1,590
vs market-$180

FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.

9
2 BR· 2 ZIPs
0.90–0.93ratio range
Median FMR$1,490
Median Market$1,630
vs market-$140

FMR aligns with market rates. Payment is likely to be at or near the FMR in this area.

2 BR· 4 ZIPs
0.94–0.98ratio range
Median FMR$1,405
Median Market$1,485
vs market-$80

FMR aligns with market rates. Payment is likely to be at or near the FMR in this area.

2 BR· 3 ZIPs
0.99–1.01ratio range
Median FMR$1,530
Median Market$1,550
vs market-$20

FMR aligns with market rates. Payment is likely to be at or near the FMR in this area.

2 BR· 5 ZIPs
1.02–1.06ratio range
Median FMR$1,640
Median Market$1,560
vs market+$80

FMR aligns with market rates. Payment is likely to be at or near the FMR in this area.

5
2 BR· 5 ZIPs
1.06–1.10ratio range
Median FMR$1,340
Median Market$1,240
vs market+$100

FMR aligns with market rates. Payment is likely to be at or near the FMR in this area.

5
2 BR· 5 ZIPs
1.12–1.15ratio range
Median FMR$1,650
Median Market$1,470
vs market+$180

FMR exceeds market. Payment is likely to be capped due to rent reasonableness requirements in this area.

5
2 BR· 5 ZIPs
1.15–1.17ratio range
Median FMR$1,370
Median Market$1,190
vs market+$180

FMR exceeds market. Payment is likely to be capped due to rent reasonableness requirements in this area.

5
2 BR· 1 ZIP
1.24ratio
FMR$1,500
Market$1,210
vs market+$290

FMR exceeds market. Payment is likely to be capped due to rent reasonableness requirements in this area.

2 BR· 2 ZIPs
1.30–1.34ratio range
Median FMR$2,080
Median Market$1,575
vs market+$505

FMR exceeds market. Payment is likely to be capped due to rent reasonableness requirements in this area.

2 BR· 1 ZIP
1.38ratio
FMR$1,780
Market$1,290
vs market+$490

FMR exceeds market. Payment is likely to be capped due to rent reasonableness requirements in this area.

0.82–1.38
3 BR
3 BR· 3 ZIPs
0.91–0.93ratio range
Median FMR$1,830
Median Market$2,010
vs market-$180

FMR aligns with market rates. Payment is likely to be at or near the FMR in this area.

3 BR· 3 ZIPs
0.94–0.97ratio range
Median FMR$1,680
Median Market$1,730
vs market-$50

FMR aligns with market rates. Payment is likely to be at or near the FMR in this area.

3 BR· 4 ZIPs
0.99–1.02ratio range
Median FMR$1,745
Median Market$1,750
vs market-$5

FMR aligns with market rates. Payment is likely to be at or near the FMR in this area.

3 BR· 9 ZIPs
1.02–1.05ratio range
Median FMR$1,830
Median Market$1,750
vs market+$80

FMR aligns with market rates. Payment is likely to be at or near the FMR in this area.

9
3 BR· 4 ZIPs
1.06–1.10ratio range
Median FMR$1,920
Median Market$1,775
vs market+$145

FMR aligns with market rates. Payment is likely to be at or near the FMR in this area.

3 BR· 6 ZIPs
1.11–1.14ratio range
Median FMR$2,150
Median Market$1,930
vs market+$220

FMR exceeds market. Payment is likely to be capped due to rent reasonableness requirements in this area.

6
3 BR· 3 ZIPs
1.16–1.18ratio range
Median FMR$1,940
Median Market$1,640
vs market+$300

FMR exceeds market. Payment is likely to be capped due to rent reasonableness requirements in this area.

3 BR· 5 ZIPs
1.21–1.24ratio range
Median FMR$2,230
Median Market$1,850
vs market+$380

FMR exceeds market. Payment is likely to be capped due to rent reasonableness requirements in this area.

5
3 BR· 3 ZIPs
1.26–1.29ratio range
Median FMR$1,740
Median Market$1,360
vs market+$380

FMR exceeds market. Payment is likely to be capped due to rent reasonableness requirements in this area.

3 BR· 3 ZIPs
1.32–1.33ratio range
Median FMR$2,240
Median Market$1,690
vs market+$550

FMR exceeds market. Payment is likely to be capped due to rent reasonableness requirements in this area.

3 BR· 2 ZIPs
1.55–1.60ratio range
Median FMR$2,695
Median Market$1,710
vs market+$985

FMR exceeds market. Payment is likely to be capped due to rent reasonableness requirements in this area.

0.91–1.60
4 BR
4 BR· 1 ZIP
0.97ratio
FMR$1,980
Market$2,050
vs market-$70

FMR aligns with market rates. Payment is likely to be at or near the FMR in this area.

4 BR· 1 ZIP
1.00ratio
FMR$2,030
Market$2,030
vs market+$0

FMR aligns with market rates. Payment is likely to be at or near the FMR in this area.

4 BR· 4 ZIPs
1.03–1.06ratio range
Median FMR$2,125
Median Market$2,050
vs market+$75

FMR aligns with market rates. Payment is likely to be at or near the FMR in this area.

4 BR· 4 ZIPs
1.07–1.10ratio range
Median FMR$2,300
Median Market$2,110
vs market+$190

FMR aligns with market rates. Payment is likely to be at or near the FMR in this area.

4 BR· 7 ZIPs
1.10–1.15ratio range
Median FMR$2,270
Median Market$2,030
vs market+$240

FMR exceeds market. Payment is likely to be capped due to rent reasonableness requirements in this area.

7
4 BR· 9 ZIPs
1.15–1.20ratio range
Median FMR$2,240
Median Market$1,940
vs market+$300

FMR exceeds market. Payment is likely to be capped due to rent reasonableness requirements in this area.

9
4 BR· 4 ZIPs
1.21–1.25ratio range
Median FMR$2,625
Median Market$2,125
vs market+$500

FMR exceeds market. Payment is likely to be capped due to rent reasonableness requirements in this area.

4 BR· 7 ZIPs
1.26–1.30ratio range
Median FMR$2,600
Median Market$2,050
vs market+$550

FMR exceeds market. Payment is likely to be capped due to rent reasonableness requirements in this area.

7
4 BR· 1 ZIP
1.34ratio
FMR$2,130
Market$1,590
vs market+$540

FMR exceeds market. Payment is likely to be capped due to rent reasonableness requirements in this area.

4 BR· 7 ZIPs
1.35–1.76ratio range
Median FMR$2,750
Median Market$1,910
vs market+$840

FMR exceeds market. Payment is likely to be capped due to rent reasonableness requirements in this area.

7
0.97–1.76
0.700.800.901.001.101.201.30aligned range

Voucher alignment varies significantly by bedroom size in this area.

Bedroom curve

Historical
See FMR progression in recent years

Data indexed

FMR
FY2026
Market rent
last ~365 days

ZIP Codes

Ranked by Investment Score (vs area median)

About this result(HUD FMR/SAFMR details)

This page shows HUD Fair Market Rent data for INDIANAPOLIS, IN (IN) for FY 2026. Fair Market Rent (FMR) is a HUD benchmark used to determine payment standards for programs like the Housing Choice Voucher (Section 8) program.

Values are shown for 0–4 bedroom units. In some metro areas HUD publishes Small Area FMR (SAFMR) at the ZIP-code level; otherwise the county/metropolitan-area FMR applies. This result is labeled SAFMR based on HUD's designation for the area and the available data.

Tip: use these numbers as a starting point and confirm local program rules (payment standards may differ from HUD's published FMR). If you're comparing neighborhoods, SAFMR ZIP ranges can highlight variation within the same county.

What is FMR?What is SAFMR?Data sourcesIncomplete geosView county page
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