FY2026 Fair Market Rents — Steuben County
Studio
$784
1BR
$790
2BR
$1,036
3BR
$1,337
4BR
$1,372
Steuben County, Indiana
FIPS 18151 · County-level FMR and income limit data
FMR Area: Steuben County, IN
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $784 | $9,408 |
| 1-Bedroom | $790 | $9,480 |
| 2-Bedroom | $1,036 | $12,432 |
| 3-Bedroom | $1,337 | $16,044 |
| 4-Bedroom | $1,372 | $16,464 |
To afford the FY2026 2-bedroom FMR of $1,036/mo under the 30%-of-income rule, a household needs about
$41,440/yr ($3,453/mo). Area Median Income is $95,700.
At IN's federal minimum wage of $7.25/hr, a worker would need to work 110 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $784 | $790 | $1,036 | $1,337 | $1,372 |
| FY2025 | $764 | $769 | $1,009 | $1,268 | $1,338 |
| FY2024 | $684 | $726 | $944 | $1,172 | $1,257 |
| FY2023 | $661 | $708 | $920 | $1,120 | $1,236 |
| FY2022 | $579 | $626 | $824 | $1,019 | $1,117 |
| FY2021 | $594 | $621 | $819 | $1,019 | $1,111 |
| FY2020 | $579 | $599 | $789 | $999 | $1,129 |
FY2026 Income Limits
Area Median Income: $95,700
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $20,100 | $23,000 | $27,320 | $33,000 | $38,680 | $44,360 |
| 50% AMI | $33,500 | $38,300 | $43,100 | $47,850 | $51,700 | $55,550 |
| 80% AMI | $53,600 | $61,250 | $68,900 | $76,550 | $82,700 | $88,800 |