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Fair Market Rent in 47375 — Wayne County, IN
The HUD Fair Market Rent for a 1-bedroom in 47375 (Wayne County, IN) is $730/month for FY2026. Limited market trend data is available for this area. Studio: $730. 2-bedroom: $960.
Fair Market Rent · 1-Bedroom
$730/mo
Source: HUD Fair Market Rent
This area has limited data coverage. For more detailed rent data, see the city-level analysis for Wayne County.
Data through
The HUD Fair Market Rent for a 1-bedroom in 47375 (Wayne County, IN) is $730 for FY2026.
Rents in 47375 have increased 1.4% year-over-year based on HUD Fair Market Rent.
The confidence level for this estimate is limited based on 1 data source.
Based on HUD Fair Market Rent, a fair rent increase in Wayne County (47375) is approximately 1.4% for 2026. The typical 1-bedroom rent is $730/month. Any increase significantly above 1.4% exceeds the local market trend and may be worth negotiating.
Sources: HUD Fair Market Rent, HUD SAFMR FY2026, Rentcast. Updated October 2025.
What Should Rent Cost in 47375 (Wayne County)?
Typical rent ranges based on HUD benchmarks and market data. In areas with limited listing data, ranges reflect federal benchmarks and may be wider than actual market conditions.
A studio in 47375 (Wayne County) typically rents for $730 – $839.
Rents above $965 are in the top 25% for this area.
A 1-bedroom in 47375 (Wayne County) typically rents for $730 – $839.
Rents above $965 are in the top 25% for this area.
A 2-bedroom in 47375 (Wayne County) typically rents for $960 – $1,104.
Rents above $1,270 are in the top 25% for this area.
A 3-bedroom in 47375 (Wayne County) typically rents for $1,200 – $1,380.
Rents above $1,587 are in the top 25% for this area.
A 4-bedroom in 47375 (Wayne County) typically rents for $1,270 – $1,461.
Rents above $1,680 are in the top 25% for this area.
Current Asking Rents in 47375
What are apartments actually renting for near 47375? Click below to see live asking rents from current listings.
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Federal Rent Benchmarks for 47375
HUD Fair Market Rents are federal rent benchmarks used for housing programs, published annually by HUD.Note: These values represent the HUD metro-area benchmark for the Wayne County, IN area, not zip-specific rates.
| Bedroom Size | Fair Market Rent |
|---|---|
| Studio | $730 |
| 1-Bedroom | $730 |
| 2-Bedroom | $960 |
| 3-Bedroom | $1,200 |
| 4-Bedroom | $1,270 |
Source: HUD SAFMR FY2026 · Updated
Questions about rent in 47375
What is the average 1-bedroom rent in 47375?
The HUD Fair Market Rent for a 1-bedroom in 47375 (Wayne County, IN) is $730/month for FY2026. This page also shows benchmark rents for studios and 2-bedroom apartments in the same area.
What is a fair rent increase in 47375?
A rent increase up to about 1.4% is in line with the recent local market trend in 47375. An increase above that level is above trend and may justify a closer review against local pricing and comparable apartments.
Are rents going up or down in 47375?
Rents in 47375 have risen 1.4% year over year based on the local trend data used on this page.
How much do studios and 2-bedrooms cost in 47375?
On this page, studio rent in 47375 is $730/month and 2-bedroom rent is $960/month. These figures help show whether your current or proposed rent fits the broader local bedroom mix.
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These zip codes have similar 1-bedroom rents to 47375 ($730/mo) — useful for comparing what your rent gets you in other markets.
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Market data updated monthly from public and third-party sources. Actual rents vary by unit, building, and lease terms. For informational purposes only — not legal or financial advice. See methodology →