FY2026 Fair Market Rents — Tippecanoe County
Studio
$894
1BR
$1,032
2BR
$1,242
3BR
$1,489
4BR
$1,992
Tippecanoe County, Indiana
FIPS 18157 · County-level FMR and income limit data
FMR Area: Lafayette-West Lafayette, IN HUD Metro FMR Area
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $894 | $10,728 |
| 1-Bedroom | $1,032 | $12,384 |
| 2-Bedroom | $1,242 | $14,904 |
| 3-Bedroom | $1,489 | $17,868 |
| 4-Bedroom | $1,992 | $23,904 |
To afford the FY2026 2-bedroom FMR of $1,242/mo under the 30%-of-income rule, a household needs about
$49,680/yr ($4,140/mo). Area Median Income is $100,000.
At IN's federal minimum wage of $7.25/hr, a worker would need to work 132 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $894 | $1,032 | $1,242 | $1,489 | $1,992 |
| FY2025 | $831 | $971 | $1,161 | $1,399 | $1,750 |
| FY2024 | $778 | $908 | $1,069 | $1,293 | $1,604 |
| FY2023 | $794 | $917 | $1,071 | $1,323 | $1,661 |
| FY2022 | $734 | $842 | $981 | $1,264 | $1,552 |
| FY2021 | $653 | $753 | $872 | $1,156 | $1,452 |
| FY2020 | $620 | $721 | $837 | $1,127 | $1,438 |
FY2026 Income Limits
Area Median Income: $100,000
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $20,950 | $23,950 | $27,320 | $33,000 | $38,680 | $44,360 |
| 50% AMI | $34,850 | $39,850 | $44,800 | $49,800 | $53,800 | $57,800 |
| 80% AMI | $55,800 | $63,800 | $71,750 | $79,700 | $86,100 | $92,500 |