HUD Fair Market Rent · FY 2026 · effective Oct 1, 2025 to Sep 30, 2026
Fair Market Rent in Vanderburgh County, Indiana (FY 2026)
A two-bedroom in Vanderburgh County carries a FY 2026 Fair Market Rent of $1,113 a month, effective October 1, 2025 through September 30, 2026. Everything Section 8 pays in Vanderburgh keys off that figure.
2 bedroom FMR
$1,113
FY 2026, utilities included
Payment standard range
$1,002 to $1,224
90% to 110% of FMR
Income to afford 2BR
$44,520
per year, at 30% of income
Rank in Indiana
32nd of 92
by 2BR FMR
HUD has already published FY 2027. On October 1, 2026 the two-bedroom rate in Vanderburgh moves to $1,127. That's up 1%. The full FY 2027 table is in the history section below.
HUD's number is one input. What does a two-bedroom in Vanderburgh actually rent for?
Search any address in Vanderburgh 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 | $853 | $768 to $938 | $34,120 | $16.40/hr | +9.4% |
| 1 bedroom | $860 | $774 to $946 | $34,400 | $16.54/hr | +4.8% |
| 2 bedroom | $1,113 | $1,002 to $1,224 | $44,520 | $21.40/hr | +5.6% |
| 3 bedroom | $1,370 | $1,233 to $1,507 | $54,800 | $26.35/hr | +5.4% |
| 4 bedroom | $1,539 | $1,385 to $1,693 | $61,560 | $29.60/hr | +4.5% |
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 | $1,770 | $1,593 to $1,947 |
| 6 bedroom Estimate | $2,001 | $1,801 to $2,201 |
| 7 bedroom Estimate | $2,232 | $2,009 to $2,455 |
| 8 bedroom Estimate | $2,462 | $2,216 to $2,708 |
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 Vanderburgh, that runs from $853 for a studio up to $1,539 for four bedrooms, all five rates in the table above.
This is a metro rate. The county doesn't get one of its own. HUD lumps Vanderburgh in with 2 other counties in the Evansville metro, Warrick County, Posey County among them, and every one of them gets $1,113 for a two-bedroom. Where you are inside the metro doesn't change the county number. It does change the ZIP number, covered below.
Among Indiana's 92 counties, Vanderburgh ranks 32nd for two-bedroom FMR. That's about 10% above the state median of $1,009 and about 9% above the national median county at $1,018. About 179,900 people live here, 8th in the state.
Counties sharing the Evansville metro rate
Rates by ZIP code
Zoom in and the picture changes. HUD's Small Area FMRs put a two-bedroom at $1,040 in 47710 (Evansville) and $1,580 in 47725 (Evansville), with the 31 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 |
|---|---|---|---|
| 47618 | Inglefield | $1,130 | +1.5% |
| 47701 | Evansville | $1,130 | +1.5% |
| 47702 | Evansville | $1,130 | +1.5% |
| 47703 | Evansville | $1,130 | +1.5% |
| 47704 | Evansville | $1,130 | +1.5% |
| 47705 | Evansville | $1,130 | +1.5% |
| 47706 | Evansville | $1,130 | +1.5% |
| 47708 | Evansville | $1,320 | +18.6% |
| 47710 | Evansville | $1,040 | -6.6% |
| 47711 | Evansville | $1,140 | +2.4% |
| 47712 | Evansville | $1,110 | -0.3% |
| 47713 | Evansville | $1,080 | -3.0% |
| 47714 | Evansville | $1,120 | +0.6% |
| 47715 | Evansville | $1,240 | +11.4% |
| 47716 | Evansville | $1,130 | +1.5% |
| 47719 | Evansville | $1,130 | +1.5% |
| 47720 | Evansville | $1,220 | +9.6% |
| 47721 | Evansville | $1,130 | +1.5% |
| 47722 | Evansville | $1,113County rate | — |
| 47724 | Evansville | $1,130 | +1.5% |
| 47725 | Evansville | $1,580 | +42.0% |
| 47728 | Evansville | $1,130 | +1.5% |
| 47730 | Evansville | $1,130 | +1.5% |
| 47731 | Evansville | $1,130 | +1.5% |
| 47732 | Evansville | $1,130 | +1.5% |
| 47733 | Evansville | $1,130 | +1.5% |
| 47734 | Evansville | $1,130 | +1.5% |
| 47735 | Evansville | $1,130 | +1.5% |
| 47736 | Evansville | $1,130 | +1.5% |
| 47737 | Evansville | $1,130 | +1.5% |
| 47740 | Evansville | $1,113County rate | — |
| 47747 | Evansville | $1,130 | +1.5% |
| 47750 | Evansville | $1,130 | +1.5% |
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 Vanderburgh somewhere between $1,002 and $1,224. 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.
$1,113 a month is affordable, by HUD's 30% rule, on an income of roughly $44,520 a year. Put another way, $21 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% ($1,002) | HAP at 100% ($1,113) | HAP at 110% ($1,224) |
|---|---|---|---|---|
| $2,500 | $750 | $252 | $363 | $474 |
| $4,000 | $1,200 | $0 | $0 | $24 |
Rate history
The two-bedroom rate went up 6% from FY 2025 ($1,054) to FY 2026 ($1,113). Since FY 2020 it's up 40% in total, about 5.8% 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 | $565 | $624 | $793 | $1,035 | $1,097 | — |
| FY 2021 | $597 | $670 | $845 | $1,107 | $1,222 | +6.6% |
| FY 2022 | $621 | $706 | $880 | $1,153 | $1,326 | +4.1% |
| FY 2023 | $691 | $778 | $973 | $1,260 | $1,462 | +10.6% |
| FY 2024 | $766 | $850 | $1,070 | $1,360 | $1,558 | +10.0% |
| FY 2025 | $780 | $821 | $1,054 | $1,300 | $1,473 | -1.5% |
| FY 2026 | $853 | $860 | $1,113 | $1,370 | $1,539 | +5.6% |
| FY 2027 | $866 | $872 | $1,127 | $1,387 | $1,534 | +1.3% |
Nearby counties
Questions people ask
$1,113 a month for FY 2026, which runs October 1, 2025 through September 30, 2026. The other rates are $853 for a studio, $860 for one bedroom, $1,370 for three and $1,539 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 Vanderburgh actually go for?
HUD's number is one input. Search any address in Vanderburgh for a rent estimate built from nearby comps. 3 free searches, no card.
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