Fair Market Rents: Shelby County, IN (FY2026)
HUD's FY2026 Fair Market Rents for Shelby County set the ceiling for what Housing Choice Vouchers pay locally. FMR equals the estimated 40th-percentile gross rent — shelter plus utilities — for modest, non-luxury units.
| Unit size | FY2026 FMR | IN median* |
|---|---|---|
| Studio (0-BR) | $1,118/mo | $768 (+46%) |
| 1 Bedroom | $1,267/mo | $824 (+54%) |
| 2 Bedrooms | $1,473/mo | $1,009 (+46%) |
| 3 Bedrooms | $1,907/mo | $1,330 (+43%) |
| 4+ Bedrooms | $2,338/mo | $1,535 (+52%) |
*Median across all FMR-publishing counties in IN. Source: HUD FY2026 FMR schedule.
Using FMR as a voucher holder in Shelby County
- Your housing authority sets payment standards per bedroom, typically 90–110% of these figures. How payment standards work →
- You may rent above the standard by paying the difference, subject to a 40%-of-income cap at lease-up.
- In high-cost pockets, ask about exception standards or Small Area FMRs by ZIP code.
Subsidized housing in Shelby County
We track 11 assisted properties countywide:
| City | Properties | Assisted units |
|---|---|---|
| Edinburgh | 4 | 112 |
| Shelbyville | 12 | 752 |