Rent in Putnam County, IN at a glance
2-bedroom rent (HUD)
$1,030$12,360 a year · HUD fiscal year 2026From October 1, 2026: $1,056 (+2.5%)How much rent can you afford in Putnam 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 Putnam 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 | $738 | $8,856 | $29,520 | $14.19/hr |
| 1 bedroom | $843 | $10,116 | $33,720 | $16.21/hr |
| 2 bedroomsMost searched | $1,030 | $12,360 | $41,200 | $19.81/hr |
| 3 bedrooms | $1,390 | $16,680 | $55,600 | $26.73/hr |
| 4 bedrooms | $1,634 | $19,608 | $65,360 | $31.42/hr |
Cost of living in Putnam County, IN: income, prices and a budget →
Living and working in Putnam County, IN
Rent in Putnam County, IN: common questions
How much is rent going up in Putnam County, IN in 2027?
HUD's Fair Market Rent for fiscal 2027, which takes effect October 1, 2026, is $1,056 for a two-bedroom, up 2.5% from $1,030. A one-bedroom goes from $843 to $905, a studio from $738 to $790.
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 Putnam County, IN?
HUD's Fair Market Rent for 2026 is $843 for a one-bedroom and $1,030 for a two-bedroom, utilities included. That is $12,360 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 Putnam County, IN?
To keep a $1,030 two-bedroom at 30% of gross pay, one full-time worker needs $19.81 an hour, or $41,200 a year. A one-bedroom at $843 takes $16.21 an hour.
How much is a 1, 2 or 3-bedroom apartment in Putnam County, IN?
At HUD's 2026 Fair Market Rent: studio $738, one bedroom $843, two $1,030, three $1,390 and four $1,634 a month.
Is rent affordable in Putnam County, IN?
For the typical household, earning $78,378 a year ($6,532 a month, Census ACS), a two-bedroom at $1,030 takes 15.8% 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: ($1,030 × 12) ÷ 0.30 = $41,200. Divided by 2,080 working hours, that is $19.81 an hour.