Evansville Fair Market Rent 2026
HUD Fair Market Rent data for the Evansville metropolitan area. Median household income: $35,376/year. Vacancy rate: 8.1%.
2BR FMR
$694/mo
Median Income
$35,376
Vacancy Rate
8.1%
Rent Burden
23.5%
Fair Market Rent by Bedroom Size
Affordability Analysis
Based on the 30% rule, a household earning the median income of $35,376/year can afford up to $884/mo in rent.
The 2BR FMR of $694/mo represents 23.5% of median income, which is within the 30% affordability threshold.
Rental Market Conditions
The vacancy rate of 8.1% in Evansville indicates a loose rental market. Higher vacancy gives renters more options and potential leverage on pricing.
Frequently Asked Questions
What is the average rent in Evansville?
The 2026 HUD FMR for a 2-bedroom in the Evansville metro area is $694/month. 1BR: $564, 3BR: $844.
What is the vacancy rate in Evansville?
The rental vacancy rate in Evansville is 8.1%. A rate below 5% typically indicates a tight rental market.
Is Evansville affordable for renters?
With a median income of $35,376 and 2BR rent at $694/mo, rent takes about 24% of income in Evansville.
Compare with Other Metro Areas
San Jose-Sunnyvale-Santa Clara
2BR: $2,412/mo
New York-Newark-Jersey City
2BR: $2,293/mo
San Francisco-Oakland-Berkeley
2BR: $2,200/mo
Honolulu
2BR: $1,937/mo
Los Angeles-Long Beach-Anaheim
2BR: $1,888/mo
San Diego-Chula Vista-Carlsbad
2BR: $1,856/mo
Oxnard-Thousand Oaks-Ventura
2BR: $1,761/mo
Santa Cruz-Watsonville
2BR: $1,760/mo
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