A DRIVE AROUND TOWN
A Drive Through Fishers Indiana - Entertainment & Business District | 116th Street
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Living here
Average rent in Fishers
What renters actually pay, by number of bedrooms, and how Fishers compares with Indiana and the US.
Median rent
$1,491/mo
11% above US
1 bedroom
$1,313/mo
11% above US
2 bedrooms
$1,514/mo
13% above US
Renters paying 30%+ of income
38%
US 50%
Renter households
8,762
Rent by number of bedrooms
Studio$1,276a month8% above USIncome needed: $51,040/yr
1 bedroom$1,313a month11% above USIncome needed: $52,520/yr
2 bedrooms$1,514a month13% above USIncome needed: $60,560/yr
3 bedrooms$1,767a month18% above USIncome needed: $70,680/yr
4 bedrooms$2,433a month31% above USIncome needed: $97,320/yr
5+ bedrooms$1,974a monthsame as USIncome needed: $78,960/yr
Median gross rent (contract rent plus utilities) for occupied rental units, by bedrooms. Income needed uses the 30% rule.
How Fishers compares
- Fishers$1,276
- Indiana$838
- United States$1,185
- Fishers$1,313
- Indiana$845
- United States$1,180
- Fishers$1,514
- Indiana$1,030
- United States$1,338
- Fishers$1,767
- Indiana$1,181
- United States$1,500
Two-bedroom rent in nearby cities
- Fishers$1,514
- Carmel$1,596
- Evansville$1,022
- Fishers38%
- Carmel43%
- Evansville46%
Nearby cities are other Local City Network guides in Indiana, nearest first.
What rent can you afford?
$
At 30% of income you can spend about $1,514 a month.
- Studio $1,276
- 1 bedroom $1,313
- 2 bedrooms $1,514
- 3 bedrooms $1,767
- 4 bedrooms $2,433
- 5+ bedrooms $1,974
Green means the median Fishers rent for that size fits your budget. Landlords often ask for income of 2.5–3× the monthly rent.
How stretched are renters?
38% of Fishers renters spend 30% or more of their income on rent, and 18% spend half or more. The typical renter household puts 25.9% of its income toward rent (US: 50% and 25%).
Rent by zip code
Median gross rent for each ZIP Code Tabulation Area that overlaps Fishers.
HUD fair market rents
Studio$1,187
1 bedroom$1,336
2 bedrooms$1,536
3 bedrooms$1,991
4 bedrooms$2,425
HUD’s 2027 fair market rents for Indianapolis-Carmel, IN HUD Metro FMR Area are the payment benchmarks for housing vouchers (about the 40th percentile of recent movers’ rents), so they often differ from the medians above.
More on living in Fishers
See Fishers
Questions
What is the average rent in Fishers?
The median gross rent (rent plus utilities) is $1,491 a month, 46% above the Indiana median and 11% above the national median.
How much is a one-bedroom apartment in Fishers?
The median one-bedroom rents for $1,313 a month (US: $1,180).
How much is a two-bedroom in Fishers?
The median two-bedroom rents for $1,514 a month (US: $1,338).
How much do you need to make to rent in Fishers?
Using the common 30% rule, a median two-bedroom ($1,514) takes a household income of about $60,560 a year, and a one-bedroom about $52,520.
Is rent affordable in Fishers?
About 38% of Fishers renters spend 30% or more of their income on rent, and 18% spend at least half (US: 50% and 25%).
Source: U.S. Census Bureau, American Community Survey 2019–2023 5-year estimates (tables B25031, B25070 and B25071). Estimates have margins of error; figures are in 2023 dollars.