What is the Fair Market Rent in Franklin Township (Hendricks County), IN?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 46180, which covers Franklin Township (Hendricks County), is $1,270 a month.

Across the whole Indianapolis-Carmel, IN HUD Metro FMR Area the two-bedroom figure is $1,536.

Figures last updated on November 12, 2026.

2 bedrooms, whole area: $1,536
2 bedrooms, ZIP 46180: $1,270

Fair Market Rents for Franklin Township (Hendricks County), fiscal year 2027

HUD Fair Market Rent, dollars a month (gross rent, including utilities), beside the Census Bureau’s median gross rent for each ZIP code
	Studio	1 bedroom	2 bedrooms	3 bedrooms	4 bedrooms	Census median rent
Indianapolis-Carmel, IN HUD Metro FMR Area (whole area)	$1,187	$1,336	$1,536	$1,991	$2,425	—
ZIP 46180 (44% of the ZIP’s land is in this place)	$970	$1,100	$1,270	$1,670	$2,020	—

A Fair Market Rent is HUD’s estimate of the gross rent (shelter plus utilities) of a modest rental home in the area.

Whether a housing authority uses the ZIP code (Small Area) figures or the area-wide one depends on whether HUD has designated the area for Small Area FMRs or the authority has opted in; ask the local housing authority which applies.

What you can do on Seayora in Franklin Township (Hendricks County)

One account for renting, owning, managing and fixing homes, with these figures beside you.

Own or manage a rental?

List it, sign the lease and collect rent online, with the figures for Franklin Township (Hendricks County) beside you.

Create a landlord account · See what landlords get

Looking for a place to rent?

Browse homes for rent near Franklin Township (Hendricks County), save the ones you like and apply online.

Browse rentals · Create a renter account

Do repairs, renovations or maintenance?

Get found by owners and renters near Franklin Township (Hendricks County), and send estimates and invoices from your phone.

Join as a pro · Find a pro

Questions about Franklin Township (Hendricks County)

What is the Section 8 payment standard in Franklin Township (Hendricks County)?

Housing authorities set payment standards between 90% and 110% of HUD’s Fair Market Rent; for fiscal year 2027, the two-bedroom Fair Market Rent for the Indianapolis-Carmel, IN HUD Metro FMR Area is $1,536, and the Small Area figure for 46180 is $1,270.

What is the Fair Market Rent for a two-bedroom in ZIP 46180?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 46180 is $1,270 a month.

What is the Fair Market Rent for a one-bedroom in Franklin Township (Hendricks County)?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a one-bedroom home in ZIP 46180 is $1,100 a month, against $1,336 across the Indianapolis-Carmel, IN HUD Metro FMR Area.

Sources

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.