Louisville, KY-IN Fair Market Rent (FY2026)
Louisville, KY-IN HUD Metro FMR Area · KY, IN · 8 counties · pop. 1,206,350 (2023)
The FY2026 Fair Market Rent for a 2-bedroom in Louisville, KY-IN is $1,272/month. Across bedroom sizes the HUD FMR runs from $966 (studio) to $1,891 (4-bedroom). That 2-bedroom figure is $297 above the US national median FMR of $975 — well above the national median FMR — and ranks #69 of 75 among the largest metros (1 = most expensive). FMR is the federal voucher rent standard, not the market median.
Source: HUD USER, FY2026 Fair Market Rents (40th percentile, revised final). Data as of June 2026.
Louisville, KY-IN FMR by bedroom size
| Unit size | Monthly FMR | ≈ Weekly | Annual |
|---|---|---|---|
| Studio / efficiency | $966 | $223 | $11,592 |
| 1-bedroom | $1,047 | $242 | $12,564 |
| 2-bedroom | $1,272 | $294 | $15,264 |
| 3-bedroom | $1,625 | $375 | $19,500 |
| 4-bedroom | $1,891 | $437 | $22,692 |
Source: HUD USER, FY2026 Fair Market Rents (40th percentile, revised final). Data as of June 2026.
Weekly and annual figures are simple conversions of the monthly FMR (÷4.33 and ×12). The monthly FMR is HUD's published value. Verify on huduser.gov.
What this FMR means
Fair Market Rent is HUD's estimate of the 40th-percentile gross rent — contract rent plus tenant-paid utilities — for a modest, non-luxury unit in Louisville, KY-IN. It is recalculated each fiscal year from American Community Survey rent data and a current-year inflation factor. Public housing agencies use the FMR to set Housing Choice Voucher (Section 8) payment standards, typically 90–110% of the FMR. A higher FMR means the program will cover a higher rent in this area; it does not mean landlords charge exactly this much.
Louisville, KY-IN vs its state and the US
| Benchmark | 2-bedroom FMR |
|---|---|
| Louisville, KY-IN | $1,272 |
| Kentucky state median | $866 |
| US national median | $975 |
Louisville, KY-IN sits in Kentucky, where the median area's 2-bedroom FMR is $866 and areas range from $866 to $1,353.
Metro areas with a similar FMR
The five areas closest to Louisville, KY-IN on the 2-bedroom FMR scale:
| Metro area | Studio | 1 BR | 2 BR | 3 BR | 4 BR |
|---|---|---|---|---|---|
| Louisville, KY-IN (this area) | $966 | $1,047 | $1,272 | $1,625 | $1,891 |
| Memphis, TN-MS-AR | $1,060 | $1,154 | $1,274 | $1,683 | $1,959 |
| Birmingham-Hoover, AL | $1,024 | $1,155 | $1,266 | $1,583 | $1,801 |
| Cleveland, OH | $933 | $1,058 | $1,279 | $1,646 | $1,760 |
| Pittsburgh, PA | $1,001 | $1,077 | $1,299 | $1,661 | $1,789 |
| Oklahoma City, OK | $939 | $1,017 | $1,244 | $1,675 | $1,857 |
Frequently asked questions
What is the FY2026 Fair Market Rent for a 2-bedroom in Louisville, KY-IN?
The FY2026 HUD Fair Market Rent for a two-bedroom unit in the Louisville, KY-IN HUD Metro FMR Area is $1,272 per month. FMR is the 40th-percentile gross rent (including utilities) HUD uses to set Housing Choice Voucher payment standards — it is not the local market median. Verify the current figure at huduser.gov.
What are the FMRs for other bedroom sizes in Louisville, KY-IN?
In FY2026 the FMRs are $966 (studio), $1,047 (1-bedroom), $1,272 (2-bedroom), $1,625 (3-bedroom) and $1,891 (4-bedroom) per month. Larger units have higher FMRs because they assume more bedrooms and occupants.
Is rent in Louisville, KY-IN high compared with the rest of the US?
Its 2-bedroom FMR of $1,272 is $297 above the national median FMR of $975 (+30%) — well above the national median FMR. Among the 75 largest metros it ranks #69 of 75 by 2-bedroom FMR (1 = most expensive).
Does the FMR mean my voucher will cover that much rent?
Not exactly. The local public housing agency (PHA) sets a "payment standard" usually between 90% and 110% of the FMR, and your subsidy is based on that standard minus roughly 30% of your adjusted income. The FMR is the benchmark, not a guaranteed amount — check with the PHA that serves Louisville, KY-IN.
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Source & accuracy
FY2026 Fair Market Rents, U.S. Dept. of Housing & Urban Development — HUD USER (public domain). FMR is the federal voucher rent standard, not the market median. Figures are a June 2026 snapshot of HUD's revised final FY2026 file; verify the current value on huduser.gov before relying on it.
Last updated: 2026-06-20