Rent in Montgomery County, IN at a glance
2-bedroom rent (HUD)
$966$11,592 a year · HUD fiscal year 2026From October 1, 2026: $1,046 (+8.3%)How much rent can you afford in Montgomery 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 Montgomery 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 | $802 | $9,624 | $32,080 | $15.42/hr |
| 1 bedroom | $807 | $9,684 | $32,280 | $15.52/hr |
| 2 bedroomsMost searched | $966 | $11,592 | $38,640 | $18.58/hr |
| 3 bedrooms | $1,281 | $15,372 | $51,240 | $24.63/hr |
| 4 bedrooms | $1,399 | $16,788 | $55,960 | $26.90/hr |
Cost of living in Montgomery County, IN: income, prices and a budget →
Living and working in Montgomery County, IN
Rent in Montgomery County, IN: common questions
How much is rent going up in Montgomery County, IN in 2027?
HUD's Fair Market Rent for fiscal 2027, which takes effect October 1, 2026, is $1,046 for a two-bedroom, up 8.3% from $966. A one-bedroom goes from $807 to $900, a studio from $802 to $895.
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 Montgomery County, IN?
HUD's Fair Market Rent for 2026 is $807 for a one-bedroom and $966 for a two-bedroom, utilities included. That is $11,592 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 Montgomery County, IN?
To keep a $966 two-bedroom at 30% of gross pay, one full-time worker needs $18.58 an hour, or $38,640 a year. A one-bedroom at $807 takes $15.52 an hour.
How much is a 1, 2 or 3-bedroom apartment in Montgomery County, IN?
At HUD's 2026 Fair Market Rent: studio $802, one bedroom $807, two $966, three $1,281 and four $1,399 a month.
Is rent affordable in Montgomery County, IN?
For the typical household, earning $71,479 a year ($5,957 a month, Census ACS), a two-bedroom at $966 takes 16.2% 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: ($966 × 12) ÷ 0.30 = $38,640. Divided by 2,080 working hours, that is $18.58 an hour.