FY2026 Fair Market Rents — Fayette County
Studio
$659
1BR
$754
2BR
$956
3BR
$1,184
4BR
$1,266
Fayette County, Indiana
FIPS 18041 · County-level FMR and income limit data
FMR Area: Fayette County, IN
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $659 | $7,908 |
| 1-Bedroom | $754 | $9,048 |
| 2-Bedroom | $956 | $11,472 |
| 3-Bedroom | $1,184 | $14,208 |
| 4-Bedroom | $1,266 | $15,192 |
To afford the FY2026 2-bedroom FMR of $956/mo under the 30%-of-income rule, a household needs about
$38,240/yr ($3,187/mo). Area Median Income is $74,100.
At IN's federal minimum wage of $7.25/hr, a worker would need to work 102 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $659 | $754 | $956 | $1,184 | $1,266 |
| FY2025 | $636 | $708 | $928 | $1,155 | $1,230 |
| FY2024 | $585 | $657 | $863 | $1,046 | $1,149 |
| FY2023 | $558 | $634 | $835 | $1,016 | $1,122 |
| FY2022 | $505 | $561 | $738 | $912 | $1,017 |
| FY2021 | $522 | $562 | $733 | $912 | $1,052 |
| FY2020 | $501 | $562 | $715 | $891 | $1,045 |
FY2026 Income Limits
Area Median Income: $74,100
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $17,850 | $21,640 | $27,320 | $33,000 | $38,680 | $44,360 |
| 50% AMI | $29,700 | $33,950 | $38,200 | $42,400 | $45,800 | $49,200 |
| 80% AMI | $47,500 | $54,300 | $61,100 | $67,850 | $73,300 | $78,750 |