Madison County
FY 2026 HUD Fair Market Rents in Indiana. Population: 130,545.
Fair Market Rents (2026)
Studio
National avg: $893
$898/mo
↑ 18.3% YoY
+1% vs US
1 Bedroom
National avg: $959
$919/mo
↑ 14.4% YoY
-4% vs US
2 Bedroom
National avg: $1,175
$1,206/mo
↑ 14.4% YoY
+3% vs US
3 Bedroom
National avg: $1,525
$1,594/mo
↑ 15.6% YoY
+5% vs US
4 Bedroom
National avg: $1,756
$1,597/mo
↑ 14.3% YoY
-9% vs US
Year-over-Year Comparison
| Bedrooms | FY 2025 | FY 2026 | Change |
|---|---|---|---|
| Studio | $759 | $898 | +$139 (+18.3%) |
| 1 Bedroom | $803 | $919 | +$116 (+14.4%) |
| 2 Bedroom | $1,054 | $1,206 | +$152 (+14.4%) |
| 3 Bedroom | $1,379 | $1,594 | +$215 (+15.6%) |
| 4 Bedroom | $1,397 | $1,597 | +$200 (+14.3%) |
Affordability Snapshot
Based on the standard that rent should not exceed 30% of gross income:
Required annual income for 1 BR
$36,760
$3,063/month gross
Required annual income for 2 BR
$48,240
$4,020/month gross
Other Counties in Indiana
Grant County
1 BR: $767/mo
Whitley County
1 BR: $916/mo
Noble County
1 BR: $737/mo
Rush County
1 BR: $762/mo
Knox County
1 BR: $729/mo
Huntington County
1 BR: $731/mo
Data source: U.S. Department of Housing and Urban Development, FY 2026 Fair Market Rents. Fair Market Rents represent the 40th percentile of gross rents for standard quality units in each area.