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2025 FMR And Section 8 Rents For Warren County IN

Section 8 is a federal program that guarantees monthly rent payments to landlords. The U.S. Department of Housing and Urban Development (HUD) publishes Fair Market Rents, which are 40th percentile averages of local rents, to determine their standard payment amount.

Use our Section 8 rents table to find the best market for Section 8 investment. See Section 8 rents in each zip code of warren-county, IN.

Typically, the government guarantees 70% of the rent payment, and the tenant pays the remaining 30%. Section 8 tenants typically stay in their units 6-7x longer than regular tenants.

Zip CodeStudio1 Bed2 Bed3 Bed4 Bed
37402$630$740$863$1220$1470
37387$720$830$970$1216$1500
37403$630$740$863$1220$1470
37397$720$830$970$1216$1500
37396$720$830$970$1216$1500
37391$720$830$970$1216$1500
37404$630$740$863$1220$1470
37385$790$930$1090$1320$1640
37388$720$830$970$1216$1500
37394$650$740$863$1216$1465
37398$720$830$970$1220$1500

Zip Code:

37402

Studio Rent:

$630

1 Bedroom Rent:

$740

2 Bedroom Rent:

$863

3 Bedroom Rent:

$1220

4 Bedroom Rent:

$1470

Zip Code:

37387

Studio Rent:

$720

1 Bedroom Rent:

$830

2 Bedroom Rent:

$970

3 Bedroom Rent:

$1216

4 Bedroom Rent:

$1500

Zip Code:

37403

Studio Rent:

$630

1 Bedroom Rent:

$740

2 Bedroom Rent:

$863

3 Bedroom Rent:

$1220

4 Bedroom Rent:

$1470

Zip Code:

37397

Studio Rent:

$720

1 Bedroom Rent:

$830

2 Bedroom Rent:

$970

3 Bedroom Rent:

$1216

4 Bedroom Rent:

$1500

Zip Code:

37396

Studio Rent:

$720

1 Bedroom Rent:

$830

2 Bedroom Rent:

$970

3 Bedroom Rent:

$1216

4 Bedroom Rent:

$1500

Zip Code:

37391

Studio Rent:

$720

1 Bedroom Rent:

$830

2 Bedroom Rent:

$970

3 Bedroom Rent:

$1216

4 Bedroom Rent:

$1500

Zip Code:

37404

Studio Rent:

$630

1 Bedroom Rent:

$740

2 Bedroom Rent:

$863

3 Bedroom Rent:

$1220

4 Bedroom Rent:

$1470

Zip Code:

37385

Studio Rent:

$790

1 Bedroom Rent:

$930

2 Bedroom Rent:

$1090

3 Bedroom Rent:

$1320

4 Bedroom Rent:

$1640

Zip Code:

37388

Studio Rent:

$720

1 Bedroom Rent:

$830

2 Bedroom Rent:

$970

3 Bedroom Rent:

$1216

4 Bedroom Rent:

$1500

Zip Code:

37394

Studio Rent:

$650

1 Bedroom Rent:

$740

2 Bedroom Rent:

$863

3 Bedroom Rent:

$1216

4 Bedroom Rent:

$1465

Zip Code:

37398

Studio Rent:

$720

1 Bedroom Rent:

$830

2 Bedroom Rent:

$970

3 Bedroom Rent:

$1220

4 Bedroom Rent:

$1500

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Frequently Asked Section 8 Investing Questions

Fair Market Rent (FMR): HUD sets FMR by bedroom size for each area.

Payment Standard: The local PHA sets this between 90–110% of the FMR. It's the max PHA assistance.

Gross Rent: Contract rent (charged by landlord) + utility allowance (estimated tenant utility costs). Must fit payment standard limits.

Housing Assistance Payment (HAP):

The PHA pays the lower of:

  • Payment standard - Tenant's Total Tenant Payment (TTP).
  • Gross rent - TTP.

Example:

  • Payment standard: $1,500
  • Contract rent: $1,400
  • Utility allowance: $100
  • Tenant's TTP: $400
  • Gross rent: $1,500 ($1,400 + $100).
  • HAP: $1,100 (lower of $1,500 - $400 or $1,500 - $400).

Landlord receives $1,100 (PHA) + $400 (tenant) = $1,500 total.