Rent in Owen County, IN at a glance
2-bedroom rent (HUD)
$956$11,472 a year · HUD fiscal year 2026From October 1, 2026: $1,014 (+6.1%)How much rent can you afford in Owen 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 Owen 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 | $770 | $9,240 | $30,800 | $14.81/hr |
| 1 bedroom | $798 | $9,576 | $31,920 | $15.35/hr |
| 2 bedroomsMost searched | $956 | $11,472 | $38,240 | $18.38/hr |
| 3 bedrooms | $1,155 | $13,860 | $46,200 | $22.21/hr |
| 4 bedrooms | $1,509 | $18,108 | $60,360 | $29.02/hr |
Cost of living in Owen County, IN: income, prices and a budget →
Living and working in Owen County, IN
Rent in Owen County, IN: common questions
How much is rent going up in Owen County, IN in 2027?
HUD's Fair Market Rent for fiscal 2027, which takes effect October 1, 2026, is $1,014 for a two-bedroom, up 6.1% from $956. A one-bedroom goes from $798 to $914, a studio from $770 to $818.
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 Owen County, IN?
HUD's Fair Market Rent for 2026 is $798 for a one-bedroom and $956 for a two-bedroom, utilities included. That is $11,472 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 Owen County, IN?
To keep a $956 two-bedroom at 30% of gross pay, one full-time worker needs $18.38 an hour, or $38,240 a year. A one-bedroom at $798 takes $15.35 an hour.
How much is a 1, 2 or 3-bedroom apartment in Owen County, IN?
At HUD's 2026 Fair Market Rent: studio $770, one bedroom $798, two $956, three $1,155 and four $1,509 a month.
Is rent affordable in Owen County, IN?
For the typical household, earning $62,464 a year ($5,205 a month, Census ACS), a two-bedroom at $956 takes 18.4% 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: ($956 × 12) ÷ 0.30 = $38,240. Divided by 2,080 working hours, that is $18.38 an hour.