FMR is below market; voucher rent may lag private rents.
0.87
1 BR
1 BR- 46052
0.92ratio
FMR$1,110
Market$1,210
vs market-$100
FMR is near market; voucher and private rents are aligned.
0.92
2 BR
2 BR- 46052
0.91ratio
FMR$1,280
Market$1,410
vs market-$130
FMR is near market; voucher and private rents are aligned.
0.91
3 BR
3 BR- 46052
0.85ratio
FMR$1,660
Market$1,950
vs market-$290
FMR is below market; voucher rent may lag private rents.
0.85
4 BR
4 BR- 46052
0.94ratio
FMR$2,020
Market$2,160
vs market-$140
FMR is near market; voucher and private rents are aligned.
0.94
0.700.800.901.001.101.201.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--
Lebanon, IN fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Lebanon, IN is $1,280 a month. That is up 4.1% from $1,230 in FY 2026. Lebanon is in the Indianapolis-Carmel, IN HUD Metro FMR Area, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. The median county two-bedroom FMR in Indiana is $1,086, so Lebanon is 18% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Lebanon, IN
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$930
$990
+6.5%
$891–$1,089
1BR
$1,060
$1,110
+4.7%
$999–$1,221
2BR
$1,230
$1,280
+4.1%
$1,152–$1,408
3BR
$1,590
$1,660
+4.4%
$1,494–$1,826
4BR
$1,950
$2,020
+3.6%
$1,818–$2,222
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Lebanon, IN
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$990
$1,110
$1,280
$1,660
$2,020
FY 2026
$930
$1,060
$1,230
$1,590
$1,950
FY 2025
$890
$1,040
$1,220
$1,590
$1,920
FY 2024
$840
$980
$1,150
$1,500
$1,810
FY 2023
$660
$770
$910
$1,190
$1,430
Questions about Lebanon, IN rents
How much will Section 8 pay for a two-bedroom in Lebanon, IN?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,280, that basic range is $1,152 to $1,408 a month. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.
Which HUD fair market rent area is Lebanon, IN in?
Lebanon, IN is in the Indianapolis-Carmel, IN HUD Metro FMR Area. HUD requires Small Area FMRs in this area, so payment standards are set by ZIP code.
How much did fair market rent change in Lebanon, IN for FY 2027?
The two-bedroom FMR rose 4.1%, from $1,230 in FY 2026 to $1,280 in FY 2027. Since FY 2023 it has risen 40.7%.
When do FY 2027 fair market rents take effect?
HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.
Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set