Spencer County
FY 2026 HUD Fair Market Rents in Indiana. Population: 19,935.
Fair Market Rents (2026)
Studio
National avg: $893
$659/mo
↑ 3.6% YoY
-26% vs US
1 Bedroom
National avg: $959
$729/mo
↑ 3.1% YoY
-24% vs US
2 Bedroom
National avg: $1,175
$956/mo
↑ 3.0% YoY
-19% vs US
3 Bedroom
National avg: $1,525
$1,330/mo
↑ 2.3% YoY
-13% vs US
4 Bedroom
National avg: $1,756
$1,382/mo
↓ 4.3% YoY
-21% vs US
Year-over-Year Comparison
| Bedrooms | FY 2025 | FY 2026 | Change |
|---|---|---|---|
| Studio | $636 | $659 | +$23 (+3.6%) |
| 1 Bedroom | $707 | $729 | +$22 (+3.1%) |
| 2 Bedroom | $928 | $956 | +$28 (+3.0%) |
| 3 Bedroom | $1,300 | $1,330 | +$30 (+2.3%) |
| 4 Bedroom | $1,444 | $1,382 | $-62 (-4.3%) |
Affordability Snapshot
Based on the standard that rent should not exceed 30% of gross income:
Required annual income for 1 BR
$29,160
$2,430/month gross
Required annual income for 2 BR
$38,240
$3,187/month gross
Other Counties in Indiana
St. Joseph County
1 BR: $1,105/mo
Starke County
1 BR: $729/mo
Clark County
1 BR: $1,047/mo
Monroe County
1 BR: $1,072/mo
Ripley County
1 BR: $752/mo
Crawford County
1 BR: $852/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.