FY2026 Fair Market Rents — Elkhart County
Studio
$968
1BR
$992
2BR
$1,183
3BR
$1,553
4BR
$1,581
Elkhart County, Indiana
FIPS 18039 · County-level FMR and income limit data
FMR Area: Elkhart-Goshen, IN MSA
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $968 | $11,616 |
| 1-Bedroom | $992 | $11,904 |
| 2-Bedroom | $1,183 | $14,196 |
| 3-Bedroom | $1,553 | $18,636 |
| 4-Bedroom | $1,581 | $18,972 |
To afford the FY2026 2-bedroom FMR of $1,183/mo under the 30%-of-income rule, a household needs about
$47,320/yr ($3,943/mo). Area Median Income is $89,900.
At IN's federal minimum wage of $7.25/hr, a worker would need to work 126 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $968 | $992 | $1,183 | $1,553 | $1,581 |
| FY2025 | $853 | $869 | $1,055 | $1,374 | $1,399 |
| FY2024 | $849 | $879 | $1,102 | $1,415 | $1,468 |
| FY2023 | $734 | $770 | $986 | $1,261 | $1,325 |
| FY2022 | $597 | $673 | $865 | $1,107 | $1,173 |
| FY2021 | $545 | $640 | $825 | $1,047 | $1,119 |
| FY2020 | $532 | $630 | $817 | $1,029 | $1,129 |
FY2026 Income Limits
Area Median Income: $89,900
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $18,900 | $21,640 | $27,320 | $33,000 | $38,680 | $44,360 |
| 50% AMI | $31,500 | $36,000 | $40,500 | $44,950 | $48,550 | $52,150 |
| 80% AMI | $50,350 | $57,550 | $64,750 | $71,900 | $77,700 | $83,450 |