Evansville, IN MSA
FY 2026 HUD Fair Market Rents for the Evansville, IN MSA metro area. Population: 269,191.
Fair Market Rents (2026)
Studio
National avg: $893
$853/mo
↑ 9.4% YoY
-4% vs US
1 Bedroom
National avg: $959
$860/mo
↑ 4.8% YoY
-10% vs US
2 Bedroom
National avg: $1,175
$1,113/mo
↑ 5.6% YoY
-5% vs US
3 Bedroom
National avg: $1,525
$1,370/mo
↑ 5.4% YoY
-10% vs US
4 Bedroom
National avg: $1,756
$1,539/mo
↑ 4.5% YoY
-12% vs US
Year-over-Year Comparison
| Bedrooms | FY 2025 | FY 2026 | Change |
|---|---|---|---|
| Studio | $780 | $853 | +$73 (+9.4%) |
| 1 Bedroom | $821 | $860 | +$39 (+4.8%) |
| 2 Bedroom | $1,054 | $1,113 | +$59 (+5.6%) |
| 3 Bedroom | $1,300 | $1,370 | +$70 (+5.4%) |
| 4 Bedroom | $1,473 | $1,539 | +$66 (+4.5%) |
Affordability Snapshot
Based on the standard that rent should not exceed 30% of gross income:
Required annual income for 1 BR
$34,400
$2,867/month gross
Required annual income for 2 BR
$44,520
$3,710/month gross
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.