How much will Section 8 pay for rent in Indian River County?

Up to the housing authority's payment standard, which it sets between 90% and 110% of FMR. For a two-bedroom that's $1,388 to $1,696. The voucher covers the gap between that standard and about 30% of the tenant's income, and it never pays more than the unit would rent for without a voucher.

Why does my ZIP code show a different Fair Market Rent than Indian River County?

HUD publishes a second set of numbers, Small Area FMRs, for individual ZIP codes. In Indian River those run from $1,250 to $2,310 for a two-bedroom. Housing authorities in metros HUD has designated for Small Area FMRs use the ZIP rate. The rest use the county rate. Your PHA can tell you which one applies.

When do the next Fair Market Rents for Indian River County come out?

HUD usually publishes the new fiscal year's rates in late August or September, and they take effect October 1. This page updates as soon as the new Florida figures are loaded.

HUD Fair Market Rent · FY 2027 · Effective Oct 1, 2026 to Sep 30, 2027

Fair Market Rent in Indian River County, Florida (FY 2027)

A two-bedroom in Indian River County carries a FY 2027 Fair Market Rent of $1,542 a month, effective October 1, 2026 through September 30, 2027. Everything Section 8 pays in Indian River keys off that figure.

Two-bedroom FMR

$1,542

-3.9% from FY 2026

Payment standard

$1,388–$1,696

90% to 110% of the FMR, two-bedroom

Income to afford

$61,680

a year, with rent at 30% of income

Rank in Florida

32nd of 67

by two-bedroom FMR, highest first

FY 2027 Fair Market Rents

Payment standard is the 90% to 110% band a housing authority can set. Income needed puts rent at 30% of gross income, and the hourly wage assumes a 40-hour week.

Bedrooms	FMR	Payment standard	Income needed	Hourly wage	vs FY 2026
Studio	$1,171	$1,054–$1,288	$46,840	$22.52/hr	-3.5%
1 bedroom	$1,179	$1,061–$1,297	$47,160	$22.67/hr	-3.5%
2 bedroom	$1,542	$1,388–$1,696	$61,680	$29.65/hr	-3.9%
3 bedroom	$1,882	$1,694–$2,070	$75,280	$36.19/hr	-3.8%
4 bedroom	$2,577	$2,319–$2,835	$103,080	$49.56/hr	-4.2%

Five to eight bedrooms (PropMetrics estimates)

HUD stops at four bedrooms. These add 15% of the four-bedroom rent per extra bedroom. It's our estimate, not a HUD number.

Bedrooms	Estimated FMR	Payment standard
5 bedroom Estimate	$2,964	$2,668–$3,260
6 bedroom Estimate	$3,350	$3,015–$3,685
7 bedroom Estimate	$3,737	$3,363–$4,111
8 bedroom Estimate	$4,123	$3,711–$4,535

Source: HUD Office of Policy Development and Research, FY 2027 Fair Market Rents. Rents include utilities. huduser.gov

Market check

HUD's number is one input. What does a two-bedroom in Indian River actually rent for?

Search any address in Indian River for a rent estimate built from nearby comps, with the HUD figure right next to it.

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What a voucher pays here

The voucher doesn't pay the FMR itself. It pays the payment standard. Housing authorities set it anywhere from 90% to 110% of FMR, which puts a two-bedroom standard in Indian River somewhere between $1,388 and $1,696. The tenant pays roughly 30% of their income, the voucher covers the rest up to the standard, and the PHA won't approve a rent above what comparable unassisted units get.

$1,542 a month is affordable, by HUD's 30% rule, on an income of roughly $61,680 a year. Put another way, $30 an hour full time.

Worked example for a two-bedroom renting at the payment standard. The tenant pays 30% of monthly income and the voucher covers the rest.

Monthly household income	Tenant pays (30%)	Voucher pays at 90%$1,388	Voucher pays at 100%$1,542	Voucher pays at 110%$1,696
$2,500	$750	$638	$792	$946
$4,000	$1,200	$188	$342	$496

Run your own numbers in the Section 8 rent calculator

Rate history

The two-bedroom rate went down 4% from FY 2026 ($1,604) to FY 2027 ($1,542). Since FY 2020 it's up 51% in total, about 6.1% a year. The Florida median held flat over the same year.

Fiscal year	Studio	1 BR	2 BR	3 BR	4 BR	2BR change
FY 2020	$663	$853	$1,018	$1,398	$1,625	—
FY 2021	$699	$881	$1,059	$1,430	$1,673	+4.0%
FY 2022	$754	$941	$1,135	$1,480	$1,889	+7.2%
FY 2023	$845	$1,048	$1,264	$1,629	$2,104	+11.4%
FY 2024	$991	$1,195	$1,462	$1,844	$2,481	+15.7%
FY 2025	$1,239	$1,246	$1,567	$1,948	$2,601	+7.2%
FY 2026	$1,214	$1,222	$1,604	$1,956	$2,691	+2.4%
FY 2027In effect	$1,171	$1,179	$1,542	$1,882	$2,577	-3.9%

About this rate

Fair Market Rent is HUD's estimate of what a modest, decent unit rents for in an area, utilities included. It's set once a year and runs October to September. For FY 2027 that's October 1, 2026 through September 30, 2027. In Indian River, that runs from $1,171 for a studio up to $2,577 for four bedrooms, all five rates in the table above.

Indian River is its own HUD metro area (Sebastian-Vero Beach-West Vero Corridor, FL), so the rate here is set from rents inside the county rather than a wider region.

Among Florida's 67 counties, Indian River ranks 32nd for two-bedroom FMR. That's about 5% above the state median of $1,474 and about 45% above the national median county at $1,063. About 166,936 people live here, 31st in the state.

Rates by ZIP code

Zoom in and the picture changes. HUD's Small Area FMRs put a two-bedroom at $1,250 in 32948 (Fellsmere) and $2,310 in 32963 (Vero Beach), with the 16 ZIP codes in between. Housing authorities in HUD-designated metros use those ZIP rates instead of the county rate. Everywhere else the ZIP numbers show where rents actually sit, and the county rate stays the official standard.

ZIP	City	2BR rate	vs county
32948	Fellsmere	$1,250	-18.9%
32957	Roseland	$1,540	-0.1%
32958	Sebastian	$1,650	+7.0%
32960	Vero Beach	$1,450	-6.0%
32961	Vero Beach	$1,540	-0.1%
32962	Vero Beach	$1,470	-4.7%
32963	Vero Beach	$2,310	+49.8%
32964	Vero Beach	$1,540	-0.1%
32965	Vero Beach	$1,540	-0.1%
32966	Vero Beach	$1,680	+8.9%
32967	Vero Beach	$1,610	+4.4%
32968	Vero Beach	$2,080	+34.9%
32969	Vero Beach	$1,540	-0.1%
32970	Wabasso	$1,630	+5.7%
32971	Winter Beach	$1,540	-0.1%
32978	Sebastian	$1,540	-0.1%

Nearby counties

Two-bedroom FMR, with how each compares to Indian River.

St. Lucie County

22 mi · 360,500 people

$2,069

+34%

Okeechobee County

37 mi · 40,816 people

$1,212

-21%

Martin County

39 mi · 162,176 people

$2,069

+34%

Brevard County

40 mi · 632,780 people

$1,779

+15%

Highlands County

61 mi · 105,702 people

$1,259

-18%

Osceola County

66 mi · 427,415 people

$1,959

+27%

Glades County

74 mi · 12,563 people

$1,127

-27%

Palm Beach County

77 mi · 1,533,806 people

$2,349

+52%

Questions people ask

$1,542 a month for FY 2027, which runs October 1, 2026 through September 30, 2027. The other rates are $1,171 for a studio, $1,179 for one bedroom, $1,882 for three and $2,577 for four.

Tools for this county

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Fair Market Rent lookup

Any ZIP code's Small Area FMR by bedroom count

Section 8 rent calculator

Payment standard and tenant share for a specific rent

What is Fair Market Rent?

How HUD calculates FMR and what it means for landlords

Rent affordability calculator

The income a household needs for a given rent