Rent in Kokomo, IN MSA
The Fair Market Rent (FMR) for a two-bedroom home in Kokomo, IN MSA is $1,123/month for HUD fiscal year 2026 — HUD's estimate of the 40th-percentile gross rent for standard-quality rentals in this market.
Quick answer: A two-bedroom in Kokomo, IN MSA has an FMR of $1,123/month (FY2026). That is 15% above the national median of $974. Kokomo, IN MSA ranks #760 of 2,622 HUD FMR areas by two-bedroom rent (1 = most expensive).
Fair Market Rent by bedroom size, Kokomo, IN MSA
| Unit size | Fair Market Rent / month |
|---|---|
| Studio / efficiency | $884 |
| 1 bedroom | $890 |
| 2 bedrooms | $1,123 |
| 3 bedrooms | $1,388 |
| 4 bedrooms | $1,567 |
Nearby on the rent ranking
- Yukon-Koyukuk Census Area, AK$1,126/mo
- Cayuga County, NY$1,124/mo
- Millard County, UT$1,124/mo
- Mille Lacs County, MN HUD Metro FMR Area$1,123/mo
- Uvalde County, TX$1,123/mo
- Champaign-Urbana, IL HUD Metro FMR Area$1,122/mo
Frequently asked questions
- How much is rent in Kokomo, IN MSA?
- The Fair Market Rent (FMR) for a two-bedroom unit in Kokomo, IN MSA is $1,123 per month for HUD fiscal year 2026. A one-bedroom is $890 and a three-bedroom is $1,388 per month.
- What is the studio and one-bedroom Fair Market Rent in Kokomo, IN MSA?
- For FY2026, HUD's efficiency/studio FMR in Kokomo, IN MSA is $884 per month and the one-bedroom FMR is $890 per month.
- How is the Fair Market Rent for Kokomo, IN MSA calculated?
- HUD's Fair Market Rent is an estimate of the 40th-percentile gross rent — rent plus tenant-paid utilities, excluding telephone, cable, satellite and internet — for standard-quality rental units in the local housing market. Figures are set per HUD FMR area and apply to every county within that area.
- What are Fair Market Rents used for in Kokomo, IN MSA?
- FMRs set the payment standards for the Housing Choice Voucher (Section 8) program and other HUD rental-assistance programs in Kokomo, IN MSA. They cap the subsidy a voucher can pay toward rent and are also widely used as a benchmark for typical local rents.
- How does rent in Kokomo, IN MSA compare nationally?
- Kokomo, IN MSA ranks #760 of 2,622 HUD FMR areas by two-bedroom FMR (1 = most expensive). The national median two-bedroom FMR is $974 per month.
Source: U.S. Department of Housing and Urban Development (HUD USER), FY2026 Fair Market Rents. Public domain (17 U.S.C. § 105). Figures effective 1 October 2025. Last updated 2025-10-01.