HUD Fair Market Rent · FY 2026 · effective Oct 1, 2025 to Sep 30, 2026
Fair Market Rent in Steuben County, Indiana (FY 2026)
A two-bedroom in Steuben County carries a FY 2026 Fair Market Rent of $1,036 a month, effective October 1, 2025 through September 30, 2026. Everything Section 8 pays in Steuben keys off that figure.
2 bedroom FMR
$1,036
FY 2026, utilities included
Payment standard range
$932 to $1,140
90% to 110% of FMR
Income to afford 2BR
$41,440
per year, at 30% of income
Rank in Indiana
42nd of 92
by 2BR FMR
HUD has already published FY 2027. On October 1, 2026 the two-bedroom rate in Steuben moves to $1,102. That's up 6%. The full FY 2027 table is in the history section below.
HUD's number is one input. What does a two-bedroom in Steuben actually rent for?
Search any address in Steuben 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 | $784 | $706 to $862 | $31,360 | $15.08/hr | +2.6% |
| 1 bedroom | $790 | $711 to $869 | $31,600 | $15.19/hr | +2.7% |
| 2 bedroom | $1,036 | $932 to $1,140 | $41,440 | $19.92/hr | +2.7% |
| 3 bedroom | $1,337 | $1,203 to $1,471 | $53,480 | $25.71/hr | +5.4% |
| 4 bedroom | $1,372 | $1,235 to $1,509 | $54,880 | $26.38/hr | +2.5% |
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 | $1,578 | $1,420 to $1,736 |
| 6 bedroom Estimate | $1,784 | $1,606 to $1,962 |
| 7 bedroom Estimate | $1,989 | $1,790 to $2,188 |
| 8 bedroom Estimate | $2,195 | $1,976 to $2,415 |
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 Steuben, that runs from $784 for a studio up to $1,372 for four bedrooms, all five rates in the table above.
Because Steuben sits outside any HUD metro area, its rate is a county-wide figure built from local rents. One number covers every address in the county, Angola included.
Among Indiana's 92 counties, Steuben ranks 42nd for two-bedroom FMR. That's about 3% above the state median of $1,009 and within a couple percent of the national median county at $1,018. About 34,507 people live here, 46th in the state.
Rates by ZIP code
Zoom in and the picture changes. HUD's Small Area FMRs put a two-bedroom at $990 in 46703 (Angola) and $1,280 in 46737 (Fremont), with the 6 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.
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 Steuben somewhere between $932 and $1,140. 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.
$1,036 a month is affordable, by HUD's 30% rule, on an income of roughly $41,440 a year. Put another way, $20 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% ($932) | HAP at 100% ($1,036) | HAP at 110% ($1,140) |
|---|---|---|---|---|
| $2,500 | $750 | $182 | $286 | $390 |
| $4,000 | $1,200 | $0 | $0 | $0 |
Rate history
The two-bedroom rate went up 3% from FY 2025 ($1,009) to FY 2026 ($1,036). Since FY 2020 it's up 31% in total, about 4.6% a year. The Indiana median moved up 2% over the same year.
| Year | Studio | 1 BR | 2 BR | 3 BR | 4 BR | 2BR change |
|---|---|---|---|---|---|---|
| FY 2020 | $579 | $599 | $789 | $999 | $1,129 | — |
| FY 2021 | $594 | $621 | $819 | $1,019 | $1,111 | +3.8% |
| FY 2022 | $579 | $626 | $824 | $1,019 | $1,117 | +0.6% |
| FY 2023 | $661 | $708 | $920 | $1,120 | $1,236 | +11.7% |
| FY 2024 | $684 | $726 | $944 | $1,172 | $1,257 | +2.6% |
| FY 2025 | $764 | $769 | $1,009 | $1,268 | $1,338 | +6.9% |
| FY 2026 | $784 | $790 | $1,036 | $1,337 | $1,372 | +2.7% |
| FY 2027 | $837 | $842 | $1,102 | $1,415 | $1,448 | +6.4% |
Nearby counties
Questions people ask
$1,036 a month for FY 2026, which runs October 1, 2025 through September 30, 2026. The other rates are $784 for a studio, $790 for one bedroom, $1,337 for three and $1,372 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 Steuben actually go for?
HUD's number is one input. Search any address in Steuben for a rent estimate built from nearby comps. 3 free searches, no card.
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