HUD Fair Market Rent · FY 2026 · effective Oct 1, 2025 to Sep 30, 2026
Fair Market Rent in Indian River County, Florida (FY 2026)
A two-bedroom in Indian River County carries a FY 2026 Fair Market Rent of $1,604 a month, effective October 1, 2025 through September 30, 2026. Everything Section 8 pays in Indian River keys off that figure.
2 bedroom FMR
$1,604
FY 2026, utilities included
Payment standard range
$1,444 to $1,764
90% to 110% of FMR
Income to afford 2BR
$64,160
per year, at 30% of income
Rank in Florida
29th of 67
by 2BR FMR
HUD has already published FY 2027. On October 1, 2026 the two-bedroom rate in Indian River moves to $1,542. That's down 4%. The full FY 2027 table is in the history section below.
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.
FY 2026 Fair Market Rents
| Bedrooms | FMR | Payment standard | Income needed | Hourly wage | vs FY 2025 |
|---|---|---|---|---|---|
| Studio | $1,214 | $1,093 to $1,335 | $48,560 | $23.35/hr | -2.0% |
| 1 bedroom | $1,222 | $1,100 to $1,344 | $48,880 | $23.50/hr | -1.9% |
| 2 bedroom | $1,604 | $1,444 to $1,764 | $64,160 | $30.85/hr | +2.4% |
| 3 bedroom | $1,956 | $1,760 to $2,152 | $78,240 | $37.62/hr | +0.4% |
| 4 bedroom | $2,691 | $2,422 to $2,960 | $107,640 | $51.75/hr | +3.5% |
5 to 8 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 | $3,095 | $2,786 to $3,405 |
| 6 bedroom Estimate | $3,498 | $3,148 to $3,848 |
| 7 bedroom Estimate | $3,902 | $3,512 to $4,292 |
| 8 bedroom Estimate | $4,306 | $3,875 to $4,737 |
Source: HUD Office of Policy Development and Research, FY 2026 Fair Market Rents. Rents include utilities. huduser.gov
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 2026 that's October 1, 2025 through September 30, 2026. In Indian River, that runs from $1,214 for a studio up to $2,691 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 29th for two-bedroom FMR. That's about 9% above the state median of $1,471 and about 58% above the national median county at $1,018. About 160,986 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 $1,270 in 32948 (Fellsmere) and $2,410 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 | $1,270 | -20.8% |
| 32957 | Roseland | $1,600 | -0.2% |
| 32958 | Sebastian | $1,740 | +8.5% |
| 32960 | Vero Beach | $1,490 | -7.1% |
| 32961 | Vero Beach | $1,600 | -0.2% |
| 32962 | Vero Beach | $1,520 | -5.2% |
| 32963 | Vero Beach | $2,410 | +50.2% |
| 32964 | Vero Beach | $1,600 | -0.2% |
| 32965 | Vero Beach | $1,600 | -0.2% |
| 32966 | Vero Beach | $1,730 | +7.9% |
| 32967 | Vero Beach | $1,650 | +2.9% |
| 32968 | Vero Beach | $2,310 | +44.0% |
| 32969 | Vero Beach | $1,600 | -0.2% |
| 32970 | Wabasso | $1,710 | +6.6% |
| 32971 | Winter Beach | $1,600 | -0.2% |
| 32978 | Sebastian | $1,600 | -0.2% |
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 $1,444 and $1,764. 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.
$1,604 a month is affordable, by HUD's 30% rule, on an income of roughly $64,160 a year. Put another way, $31 an hour full time.
Worked example for a two-bedroom, assuming the rent equals the payment standard. Tenant pays 30% of monthly income, HUD's housing assistance payment covers the rest.
| Monthly household income | Tenant pays (30%) | HAP at 90% ($1,444) | HAP at 100% ($1,604) | HAP at 110% ($1,764) |
|---|---|---|---|---|
| $2,500 | $750 | $694 | $854 | $1,014 |
| $4,000 | $1,200 | $244 | $404 | $564 |
Rate history
The two-bedroom rate went up 2% from FY 2025 ($1,567) to FY 2026 ($1,604). Since FY 2020 it's up 58% in total, about 7.9% a year. The Florida median moved up 3% over the same year.
| 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 2027 | $1,171 | $1,179 | $1,542 | $1,882 | $2,577 | -3.9% |
Nearby counties
St. Lucie County
$1,75722 mi · pop 334,682
Okeechobee County
$1,34637 mi · pop 39,870
Martin County
$1,75739 mi · pop 159,399
Brevard County
$1,70940 mi · pop 610,723
Highlands County
$1,27161 mi · pop 102,339
Osceola County
$1,97266 mi · pop 393,745
Glades County
$1,25274 mi · pop 12,179
Palm Beach County
$2,25477 mi · pop 1,494,805
Questions people ask
$1,604 a month for FY 2026, which runs October 1, 2025 through September 30, 2026. The other rates are $1,214 for a studio, $1,222 for one bedroom, $1,956 for three and $2,691 for four.
Tools for this county
Fair Market Rent lookup
Look up any ZIP code's Small Area FMR by bedroom count.
Section 8 rent calculator
Work out the 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
See what income a household needs for a given rent.
What does a rental in Indian River actually go for?
HUD's number is one input. Search any address in Indian River for a rent estimate built from nearby comps. 3 free searches, no card.
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