What is the Fair Market Rent in Hamilton County, IN for 2026?

For FY2026, HUD's Fair Market Rent in Hamilton County (Indianapolis-Carmel, IN HUD Metro FMR Area) is $1,118 for a studio, $1,267 for 1 bedroom, $1,473 for 2 bedrooms, $1,907 for 3 bedrooms, and $2,338 for 4 bedrooms.

How much will a Section 8 voucher cover in Hamilton County?

Housing authorities set the payment standard between 90% and 110% of the Fair Market Rent. For a 2-bedroom in Hamilton County that range is about $1,326–$1,620 per month. Your local PHA sets the exact figure, and your share is generally about 30% of your adjusted monthly income.

Is Fair Market Rent the same as the voucher amount?

No. FMR is HUD's rent estimate for the area; the voucher payment standard is set by your local Public Housing Authority within 90–110% of FMR, and the rent must also pass a "rent reasonableness" review and a housing-quality inspection.

Hamilton County, IN Fair Market Rent & Section 8 (FY2026)

Official HUD Fair Market Rent for Hamilton County (Indianapolis-Carmel, IN HUD Metro FMR Area), with the typical 90–110% Section 8 voucher payment-standard range.

$1,473 / mo · 2 BR FMR

Unit size	Fair Market Rent	Voucher range (90–110%)
Studio	$1,118	$1,006–$1,230
1 BR	$1,267	$1,140–$1,394
2 BR	$1,473	$1,326–$1,620
3 BR	$1,907	$1,716–$2,098
4 BR	$2,338	$2,104–$2,572

Source: HUD FY2026 Fair Market Rents. Voucher range = 90–110% of FMR (your PHA sets the exact standard).

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What this means

If you rent (or are renting out) a home in Hamilton County with a Housing Choice Voucher, the housing authority caps assistance at its payment standard — usually 90–110% of the Fair Market Rent above. A 2-bedroom payment standard here is roughly $1,326–$1,620/month. The tenant generally pays about 30% of adjusted income toward rent and utilities, and the voucher covers the rest up to the standard. The unit must also pass a housing-quality inspection and a rent-reasonableness check.

Heads up: The figure above is the HUD Fair Market Rent. Your local Public Housing Authority (PHA) sets the actual payment standard — usually between 90% and 110% of it — so confirm your exact amount with the PHA that issued the voucher.

Frequently asked questions

What is the Fair Market Rent in Hamilton County, IN for 2026?: For FY2026, HUD's Fair Market Rent in Hamilton County (Indianapolis-Carmel, IN HUD Metro FMR Area) is $1,118 for a studio, $1,267 for 1 bedroom, $1,473 for 2 bedrooms, $1,907 for 3 bedrooms, and $2,338 for 4 bedrooms.
How much will a Section 8 voucher cover in Hamilton County?: Housing authorities set the payment standard between 90% and 110% of the Fair Market Rent. For a 2-bedroom in Hamilton County that range is about $1,326–$1,620 per month. Your local PHA sets the exact figure, and your share is generally about 30% of your adjusted monthly income.
Is Fair Market Rent the same as the voucher amount?: No. FMR is HUD's rent estimate for the area; the voucher payment standard is set by your local Public Housing Authority within 90–110% of FMR, and the rent must also pass a "rent reasonableness" review and a housing-quality inspection.

This page shows official HUD Fair Market Rent data for general educational use — it is not legal, financial, or housing advice, and is not a guarantee of any voucher amount. Your local Public Housing Authority sets the actual payment standard and approves rents. Always confirm with your PHA and the official HUD FMR data.

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