Rent in Monroe County, IN at a glance
2-bedroom rent (HUD)
$1,210$14,520 a year · HUD fiscal year 2026From October 1, 2026: $1,252 (+3.5%)How much rent can you afford in Monroe County, IN?
HUD’s fair market rent for each size, against what a typical household here earns. Change the income to see yours.
Rent in Monroe County, IN by bedroom, and the pay it takes
Income needed keeps rent at 30% of gross pay; the hourly figure assumes one full-time job, 2,080 hours a year.
| Size | A month | A year | Income needed | Hourly wage needed |
|---|---|---|---|---|
| Studio | $966 | $11,592 | $38,640 | $18.58/hr |
| 1 bedroom | $1,072 | $12,864 | $42,880 | $20.62/hr |
| 2 bedroomsMost searched | $1,210 | $14,520 | $48,400 | $23.27/hr |
| 3 bedrooms | $1,572 | $18,864 | $62,880 | $30.23/hr |
| 4 bedrooms | $1,906 | $22,872 | $76,240 | $36.65/hr |
Cost of living in Monroe County, IN: income, prices and a budget →
Living and working in Monroe County, IN
Rent in Monroe County, IN: common questions
How much is rent going up in Monroe County, IN in 2027?
HUD's Fair Market Rent for fiscal 2027, which takes effect October 1, 2026, is $1,252 for a two-bedroom, up 3.5% from $1,210. A one-bedroom goes from $1,072 to $1,096, a studio from $966 to $1,001.
These are HUD's estimates of what a typical recently rented unit costs, used for housing vouchers. A landlord's increase on your lease follows your lease and your state's rules, not this figure.
What is the average rent in Monroe County, IN?
HUD's Fair Market Rent for 2026 is $1,072 for a one-bedroom and $1,210 for a two-bedroom, utilities included. That is $14,520 a year for the two-bedroom.
It is not an average of current listings. HUD sets it at the rent 40% of recent movers paid or less for a standard unit, so asking rents on newer places usually run higher.
How much do you need to make to afford rent in Monroe County, IN?
To keep a $1,210 two-bedroom at 30% of gross pay, one full-time worker needs $23.27 an hour, or $48,400 a year. A one-bedroom at $1,072 takes $20.62 an hour.
How much is a 1, 2 or 3-bedroom apartment in Monroe County, IN?
At HUD's 2026 Fair Market Rent: studio $966, one bedroom $1,072, two $1,210, three $1,572 and four $1,906 a month.
Is rent affordable in Monroe County, IN?
For the typical household, earning $65,868 a year ($5,489 a month, Census ACS), a two-bedroom at $1,210 takes 22% of income. Under 30% is the usual line for affordable; this is under it.
How is the income needed for rent worked out?
Rent for a year divided by 0.30, the share of gross income HUD treats as affordable: ($1,210 × 12) ÷ 0.30 = $48,400. Divided by 2,080 working hours, that is $23.27 an hour.