The PHA sets a payment standard ranging from 90% to 110% of the Fair Market Rents (FMRs).

Indianapolis, IN 46268's Section 8 Fair Market Rent

In the year 2024, as a landlord, if you're looking to rent your property to a Section 8 tenant or another housing voucher program in the 46268 zip code area, you can consider the following rental prices based on HUD income limits.

Efficiency:The efficiency rental rates range from a low of $927 to a high of $1,133, with an average of $1,030.
One-bedroom: One-bedroom rental prices vary, with a minimum of $1,080, a maximum of $1,320, and an average of $1,200.
Two-bedroom: The rental rates for two-bedroom apartments exhibit a range, starting at a minimum of $1,269, peaking at a maximum of $1,551, and averaging at $1,410.
Three-bedroom: Three-bedroom rental rates exhibit a range, with a minimum of $1,656, a maximum of $2,024, and an average of $1,840.
Four-bedroom: The rental prices for four-bedroom properties fluctuate, ranging from a minimum of $1,998 to a maximum of $2,442, with an average of $2,220.

The fair market rent mentioned already includes all utilities. If a landlord chooses not to provide utility coverage, they can subtract the utility costs from the rent to determine the adjusted rental price.

Each housing authority establishes its own rental rates, so you should check the pricing set by that specific housing authority to determine the maximum amount they can offer. It's advisable to adhere to their pricing guidelines.

HUD's Fair Market Rent guides Section 8 rates for your rental unit.

Year City, State, Zipcode HUD Fair Market Rent Bedrooms
Studio 1 Bedroom 2 Bedroom 3 Bedroom 4 Bedroom
2024 Indianapolis, IN 46268 Low Rent (90%) $927 $1,080 $1,269 $1,656 $1,998
Average Rent $1,030 $1,200 $1,410 $1,840 $2,220
High Rent(110%) $1,133 $1,320 $1,551 $2,024 $2,442
2023 Indianapolis, IN 46268 Low Rent (90%) $792 $918 $1,089 $1,431 $1,710
Average Rent $880 $1,020 $1,210 $1,590 $1,900
High Rent (110%) $968 $1,122 $1,331 $1,749 $2,090
2022 Indianapolis, IN 46268 Low Rent (90%) $684 $783 $945 $1,242 $1,467
Average Rent $760 $870 $1,050 $1,380 $1,630
High Rent(110%) $836 $957 $1,155 $1,518 $1,793
2021 Indianapolis, IN 46268 Low Rent (90%) $648 $747 $909 $1,197 $1,395
Average Rent $720 $830 $1,010 $1,330 $1,550
High Rent (110%) $792 $913 $1,111 $1,463 $1,705
2020 Indianapolis, IN 46268 Low Rent (90%) $657 $756 $918 $1,215 $1,395
Average Rent $730 $840 $1,020 $1,350 $1,550
High Rent(110%) $803 $924 $1,122 $1,485 $1,705
2019 Indianapolis, IN 46268 Low Rent (90%) $630 $720 $882 $1,179 $1,332
Average Rent $700 $800 $980 $1,310 $1,480
High Rent (110%) $770 $880 $1,078 $1,441 $1,628


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