FY2026 Fair Market Rents — Grant County
Studio
$698
1BR
$767
2BR
$956
3BR
$1,257
4BR
$1,412
Grant County, Indiana
FIPS 18053 · County-level FMR and income limit data
FMR Area: Grant County, IN
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $698 | $8,376 |
| 1-Bedroom | $767 | $9,204 |
| 2-Bedroom | $956 | $11,472 |
| 3-Bedroom | $1,257 | $15,084 |
| 4-Bedroom | $1,412 | $16,944 |
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 $61,800.
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 | $698 | $767 | $956 | $1,257 | $1,412 |
| FY2025 | $654 | $742 | $928 | $1,206 | $1,371 |
| FY2024 | $585 | $684 | $863 | $1,119 | $1,285 |
| FY2023 | $592 | $658 | $826 | $1,068 | $1,251 |
| FY2022 | $561 | $595 | $738 | $969 | $1,129 |
| FY2021 | $574 | $598 | $732 | $961 | $1,099 |
| FY2020 | $544 | $584 | $714 | $958 | $1,056 |
FY2026 Income Limits
Area Median Income: $61,800
| 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 |