Rents are 3% above what Fishers's 10-year trend predicts — running hotter than its own history.
Rent by unit size
These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,921 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.
Source: HUD Small Area Fair Market Rents. Read the methodology →
12-month history
Last updated: August 17, 2026
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Who lives here
Fishers, IN is majority owner-occupied, has a large share of families with children, has a median income above the national average, 66.4% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Fishers, IN has changed in 5 years
Rent in Fishers, IN has climbed 38.9% since 2021, going from about $1,383 per month to roughly $1,921 today. Median household income grew from $117,503 to $130,203 between 2021 and 2024, a 10.8% shift. Rent outpaced income growth by roughly 28.1 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. Headcount in the area went from 97,154 to 102,337 between 2021 and 2024, a 5.3% change. Taken together, the five-year picture in Fishers, IN reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.
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Can you afford rent in Fishers on your salary?
At $1,921/mo, how Fishers rent compares to typical pay (30% rule).
Fishers rent by bedroom count
Median rent for each apartment size in Fishers. Click any size for full breakdown.
Tips for renters in Fishers
Last updated: August 17, 2026
The median rent in Fishers is $1,921/mo as of August 2026. A studio apartment averages $1,170/mo while a 2-bedroom runs $1,577/mo. One-bedroom apartments average $1,343/mo and 3-bedroom units go for $2,050/mo.
At 18% of local median household income ($130,203/yr), Fishers ranks as affordable compared to the national benchmark of 30%. Rents have increased 9.0% over the past year.
Frequently asked questions
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What percentage of Fishers residents rent vs. own?
How does Fishers rent compare to the national average?
At $1,921/mo, rent takes ~18% of Fishers's median household income ($130,203/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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