What is the Fair Market Rent for a 2-bedroom in Lafayette-West Lafayette, IN HUD Metro FMR Area?

The HUD Fair Market Rent for a 2-bedroom unit in Lafayette-West Lafayette, IN HUD Metro FMR Area is $1,242 per month for fiscal year 2026. The studio FMR is $894, 1-bedroom is $1,032, 3-bedroom is $1,489, and 4-bedroom is $1,992.

What income do you need to afford the FMR in Lafayette-West Lafayette, IN HUD Metro FMR Area?

Using the standard 30%-of-income affordability rule, a household would need to earn about $49,680 per year ($4,140 per month) to afford the FY2026 2-bedroom Fair Market Rent of $1,242 in Lafayette-West Lafayette, IN HUD Metro FMR Area.

FY2026 Fair Market Rents — Lafayette-West Lafayette, IN HUD Metro FMR Area

The HUD-published Fair Market Rents for FY2026 in this area are:

Studio

$894

1BR

$1,032

2BR

$1,242

3BR

$1,489

4BR

$1,992

Hours/week at min wage

132 hrs

to afford the 2BR FMR @ $7.25/hr (federal)

National rank

#330

of 661 U.S. metros (top 51% most expensive)

YoY change (2BR)

+7%

+$81 vs FY2025 · 5-yr +42.4%

Voucher payment standard

$1,118–$1,366

PHAs set HCV payment at 90–110% of the 2BR FMR

Lafayette-West Lafayette, IN HUD Metro FMR Area

Metropolitan area · IN · View full history · Income limits · LIHTC rents

FY2026 Fair Market Rents

Bedroom Size	Monthly FMR	Annual Equivalent
Efficiency (Studio)	$894	$10,728
1-Bedroom	$1,032	$12,384
2-Bedroom	$1,242	$14,904
3-Bedroom	$1,489	$17,868
4-Bedroom	$1,992	$23,904

Recent 2-Bedroom FMR Trend

FY2020 $837 → FY2026 $1,242

Fiscal Year	Studio	1BR	2BR	3BR	4BR
FY2026	$894	$1,032	$1,242	$1,489	$1,992
FY2025	$831	$971	$1,161	$1,399	$1,750
FY2024	$778	$908	$1,069	$1,293	$1,604
FY2023	$794	$917	$1,071	$1,323	$1,661
FY2022	$734	$842	$981	$1,264	$1,552
FY2021	$653	$753	$872	$1,156	$1,452
FY2020	$620	$721	$837	$1,127	$1,438

View full FMR history back to FY2000 →

FY2026 Income Limits

Area Median Income (AMI): $100,000

AMI Level	1p	2p	3p	4p	5p	6p
30% AMI (Extremely Low)	$20,950	$23,950	$27,320	$33,000	$38,680	$44,360
50% AMI (Very Low)	$34,850	$39,850	$44,800	$49,800	$53,800	$57,800
80% AMI (Low)	$55,800	$63,800	$71,750	$79,700	$86,100	$92,500

Full income limits table (all 8 household sizes) →

Affordability Snapshot

2BR Annual FMR

$14,904/yr

FMR as % of Area Median Income

14.9% of AMI

Under 30% — affordable at median income

Income Needed (30% rule, 2BR)

$49,680/yr

$4,140/mo gross income

FY2026 LIHTC Maximum Rents

Maximum gross rents for Low-Income Housing Tax Credit units, by income band. Full LIHTC details →

AMI Band	Studio	1BR	2BR	3BR	4BR
50% AMI Maximum	$875	$1,000	$1,125	$1,350	$1,449
60% AMI Maximum	$1,050	$1,200	$1,350	$1,620	$1,740

FY2026 HOME Program Rent Limits

Maximum rents for HOME Investment Partnerships–funded units. High HOME rents apply to most assisted units; Low HOME rents apply to the lowest-income set-aside units. Full HOME rent details →

Limit Type	Studio	1BR	2BR	3BR	4BR
High HOME Rent	$894	$1,032	$1,242	$1,489	$1,625
Low HOME Rent	$871	$996	$1,120	$1,245	$1,345

Compare Lafayette-West Lafayette, IN HUD Metro FMR Area With Other IN Metros

vs. Anderson, IN HUD Metro FMR Area vs. Bloomington, IN HUD Metro FMR Area vs. Carroll County, IN HUD Metro FMR Area vs. Cincinnati, OH-KY-IN HUD Metro FMR Area vs. Columbus, IN MSA

Counties in This FMR Area

Benton County Tippecanoe County