FY2026 Fair Market Rents — Monroe County
Studio
$966
1BR
$1,072
2BR
$1,210
3BR
$1,572
4BR
$1,906
Monroe County, Indiana
FIPS 18105 · County-level FMR and income limit data
FMR Area: Bloomington, IN HUD Metro FMR Area
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $966 | $11,592 |
| 1-Bedroom | $1,072 | $12,864 |
| 2-Bedroom | $1,210 | $14,520 |
| 3-Bedroom | $1,572 | $18,864 |
| 4-Bedroom | $1,906 | $22,872 |
To afford the FY2026 2-bedroom FMR of $1,210/mo under the 30%-of-income rule, a household needs about
$48,400/yr ($4,033/mo). Area Median Income is $109,900.
At IN's federal minimum wage of $7.25/hr, a worker would need to work 129 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $966 | $1,072 | $1,210 | $1,572 | $1,906 |
| FY2025 | $958 | $1,080 | $1,223 | $1,618 | $1,926 |
| FY2024 | $848 | $979 | $1,126 | $1,549 | $1,814 |
| FY2023 | $817 | $957 | $1,124 | $1,573 | $1,864 |
| FY2022 | $706 | $803 | $971 | $1,369 | $1,662 |
| FY2021 | $681 | $748 | $927 | $1,274 | $1,605 |
| FY2020 | $646 | $689 | $879 | $1,175 | $1,543 |
FY2026 Income Limits
Area Median Income: $109,900
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $23,100 | $26,400 | $29,700 | $33,000 | $38,680 | $44,360 |
| 50% AMI | $38,500 | $44,000 | $49,500 | $54,950 | $59,350 | $63,750 |
| 80% AMI | $61,550 | $70,350 | $79,150 | $87,900 | $94,950 | $102,000 |