FY2026 Fair Market Rents — Montgomery County
Studio
$802
1BR
$807
2BR
$966
3BR
$1,281
4BR
$1,399
Montgomery County, Indiana
FIPS 18107 · County-level FMR and income limit data
FMR Area: Montgomery County, IN
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $802 | $9,624 |
| 1-Bedroom | $807 | $9,684 |
| 2-Bedroom | $966 | $11,592 |
| 3-Bedroom | $1,281 | $15,372 |
| 4-Bedroom | $1,399 | $16,788 |
To afford the FY2026 2-bedroom FMR of $966/mo under the 30%-of-income rule, a household needs about
$38,640/yr ($3,220/mo). Area Median Income is $96,600.
At IN's federal minimum wage of $7.25/hr, a worker would need to work 103 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $802 | $807 | $966 | $1,281 | $1,399 |
| FY2025 | $660 | $758 | $939 | $1,250 | $1,338 |
| FY2024 | $600 | $684 | $863 | $1,176 | $1,279 |
| FY2023 | $591 | $661 | $847 | $1,155 | $1,296 |
| FY2022 | $520 | $570 | $745 | $1,010 | $1,151 |
| FY2021 | $507 | $584 | $769 | $1,015 | $1,070 |
| FY2020 | $501 | $575 | $757 | $975 | $1,025 |
FY2026 Income Limits
Area Median Income: $96,600
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $20,300 | $23,200 | $27,320 | $33,000 | $38,680 | $44,360 |
| 50% AMI | $33,850 | $38,650 | $43,500 | $48,300 | $52,200 | $56,050 |
| 80% AMI | $54,150 | $61,850 | $69,600 | $77,300 | $83,500 | $89,700 |