Español

Este sitio también está en español. Leer en español

Renting · Section 8

Data from November 2026

Renting in Posey County, Indiana

Posey County has a HUD fair market rent of $1,127 a month for 2 bedrooms (Fiscal year 2027). Renter households here pay a typical rent of $782 a month (Average 2020–2024). Paying the fair market rent without going over 30% of income takes $21.67 an hour, full time.

Figure your move-in cash Section 8 here
WhatsApp
Fair market rent, 2 bedrooms
$1,127
a month, HUD, Fiscal year 2027
13% less than in Indiana
Typical rent
$782
a month, Census, Average 2020–2024
26% less than in Indiana
Wage needed
$21.67
an hour, 2 bedrooms
Or $45,080 a year, to spend no more than 30% of income on rent.
Rent-burdened households
40%
spend 30% or more of income on rent
16% less than in Indiana

Source: Fair Market Rents (HUD) Fiscal year 2027 Fair Market Rents (HUD) Source: American Community Survey (ACS) 5-year estimates Average 2020–2024 American Community Survey (ACS) 5-year estimates

Fair market rent

What HUD sets for each size

Every year HUD (the U.S. Department of Housing and Urban Development) publishes a Fair Market Rent (FMR) for each home size in Posey County. It is used to work out how much a Section 8 voucher covers. The table shows what you need to earn to pay it without spending more than 30% of income.

The fair market rent covers rent plus basic utilities, except the phone. HUD generally sets it at the 40th percentile: 4 in 10 standard-quality homes rented recently cost less. 24 CFR §888.113(a)

Fair market rent and wage needed To pay the fair market rent without spending more than 30% of income, working full time (40 hours a week).
Size Fair rent per month Hourly wage Income needed per year
Studio $866 $16.65 $34,640
1 bedroom $872 $16.77 $34,880
2 bedrooms $1,127 $21.67 $45,080
3 bedrooms $1,387 $26.67 $55,480
4 bedrooms $1,534 $29.50 $61,360

HUD area: Evansville, IN MSA. Source: HUD, Fiscal year 2027

By ZIP code

The fair market rent for your ZIP code

HUD also publishes fair market rents by ZIP code (Small Area FMRs) for 5 ZIP codes in Posey County (Fiscal year 2027). Type yours to see it.

For 2 bedrooms they run from $1,010 in 47620 to $1,040 in 47638. No ZIP code is above the county's fair market rent ($1,127).

Where HUD designates these areas, or where the housing agency chooses to use them, the voucher is figured on the ZIP code's rent instead of the county's. Ask your agency which one it uses. 24 CFR §982.503(a)(1)

  • 47620 · Evansville, IN $1,010$1,250
  • 47631 · Evansville, IN $1,040$1,280
  • 47633 · Evansville, IN $1,010$1,250
  • 47633 · Gibson County, IN $1,010$1,250
  • 47638 · Evansville, IN $1,040$1,290

Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD)

Rent burden

How many households spend too much

HUD counts rent as a burden when it reaches 30% of income or more. In Posey County, 40% of renter households are in that position; in Indiana, 48%, and nationwide, 51% (Average 2020–2024, Census).

Paying too much rent leaves little for food, transportation and savings. If that is you, the agencies below can guide you for free.

40%

of renter households spend 30% or more of their income on rent.

1,865 households rent in Posey County

  • Spend half or more of their income 27%
  • Spend 30% or more, but less than half 14%
  • Spend less than 30% 60%

Compared with the state and the country

  • Posey 40%
  • Indiana 48%
  • United States 51%

Low-income apartments

Low-income apartments in Posey County

HUD lists 5 properties with homes for low-income households in Posey County: tax-credit apartments (LIHTC), HUD-assisted buildings and public housing. They run from the most low-income homes to the fewest.

with tax credits (LIHTC)
2
HUD-assisted
2
public housing
1

269 homes in all; 268 of them low-income, according to HUD.

  • Southwind I & II HUD-assisted 465 W 9th St, Mount Vernon 47620 100 low-income homes · For families · (812) 386-6810
  • Cloverleaf Circle Public housing 1500 Jefferson Dr, Mount Vernon 47620 84 homes, 83 low-income · Run by Mount Vernon Housing Authority · Average payment: $442 a month · Average wait: 5 months · (812) 838-6356
  • Village Apts of MT Vernon Tax credit (LIHTC) 1446 Main St, Mount Vernon 47620 37 low-income homes · 1 bd: 35 · 2 bd: 2 · In service since 1993
  • Lamplight Manor of Mount Vernon Tax credit (LIHTC) 1305 Main St, Mount Vernon 47620 32 low-income homes · 1 bd: 8 · 2 bd: 24 · In service since 2010 · For families
  • East Park Apartments HUD-assisted 30 N Walnut St, Poseyville 47633 16 low-income homes · For families · (812) 874-3509

Source: HUD, retrieved November 6, 2026. LIHTC database, updated May 14, 2025; Assisted multifamily properties, updated October 23, 2026; Public housing developments, updated October 23, 2026.

Section 8

The Section 8 voucher in Posey County

The Housing Choice Voucher (Section 8) pays part of your rent on a home you choose. Your public housing agency runs it. 1 agency serves in Posey County. Here is what the rules say:

The rules, with their source

  1. You apply at the public housing agency. If you qualify, your name usually goes on a waiting list. Applicants must be U.S. citizens or noncitizens with eligible status as HUD defines it. HUD

  2. Generally, your family must have very low income: no more than 50% of the area median income, by family size (the middle column of the table). 24 CFR §5.603, §982.201(b)

  3. Each year, at least 75% of the families an agency admits from its list must have extremely low income (the 30% column). 24 CFR §982.201(b)(2)

  4. If the rent is below the payment standard, the family generally pays 30% of its adjusted monthly income. If it is above, the family pays more. 24 CFR §982.1(a)(3)

  5. When you move in, if the rent is above the payment standard, your share cannot go over 40% of your adjusted monthly income. 24 CFR §982.508

  6. Each agency sets a payment standard for each size. Without asking HUD, it can go from 90% to 110% of the fair market rent. 24 CFR §982.503(b), (c)

Mixed-status families: how assistance is figured
HUD income limits Yearly income of the whole family, before taxes.
People Extremely low (30%) Very low (50%) Low
$19,550 $32,550 $52,100
$22,350 $37,200 $59,550
$27,320 $41,850 $67,000
$33,000 $46,500 $74,400
$38,680 $50,250 $80,400
$44,360 $53,950 $86,350
$50,040 $57,700 $92,300
$55,720 $61,400 $98,250

Area median income: $93,000. HUD income limits by family size, Fiscal year 2026. Area: Evansville, IN MSA. Source: HUD, Fiscal year 2026

How much can you earn? Check your case

Possible payment standard

  • Studio $779 – $953
  • 1 bedroom $785 – $959
  • 2 bedrooms $1,014 – $1,240
  • 3 bedrooms $1,248 – $1,526
  • 4 bedrooms $1,381 – $1,687

The range the rule allows: 90% to 110% of the county's fair market rent. Your agency publishes its own.

Housing agencies that serve this place

Housing agencies in Indiana Source: HUD, Retrieved November 6, 2026

Your rights as a tenant in Indiana

What Indiana law says about deposits, notices and eviction, with the citation for each rule.

See your rights, rule by rule

Compare these rules with other states →

A summary of state law, not legal advice. Cities may have additional rules.

When must they return my deposit?
45 days
Ind. Code §32-31-3-12(a)
If I fall behind on rent, what notice must I get?
10 days
Ind. Code §32-31-1-6
How much notice before a rent increase?
30 days
Ind. Code §32-31-5-4
  • Only a court order can remove youInd. Code §32-31-5-6(c)
  • Protection from retaliationInd. Code §32-31-8.5-5

Help

Where to get help with rent in Posey County

This is the nearest HUD-approved agency. They counsel for free or at low cost.

  • Community Action Program of Evansville & Vanderburgh County, Inc

    401 SE 6th St, Evansville · 17 miles away

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 3 more
    (812) 425-4241
See every agency in Indiana Find legal aid (lsc.gov)

Tool

How much cash do you need to move in?

It starts with the 2-bedroom fair market rent in Posey County. Change the rent, the deposit and the fees to yours: the numbers stay in your browser.

Count power on top of the rent: in Indiana, the average home bill was $133 a month in 2024 (EIA). See electricity and gas costs

Open the full tool

Your move

We use the place's fair market rent and the state's deposit rule.

Adjust advanced details
Deposit and rent in advance
The deposit, in

Let's do the math

Cash to move in

$2,254

What you need before you get the keys.

What adds up

First month
$1,127
Security deposit
$1,127
Total
$2,254

The deposit cap

Pick your state to see whether its law caps the deposit.

Compare each state's rules →

When you'll have it

Enter what you can set aside each month to see how long it takes.

What helps

  • Ask for a receipt for every payment and keep a copy of the lease.
  • On move-in day, walk through the home and take dated photos.
  • Never send money for a home you haven't seen or a lease you haven't read.
Guide: the security depositGuide: avoiding rental scamsFamily budgetHow much rent can I afford?

This is a planning estimate, not a price. What you are asked for depends on the landlord, your lease and your state's and city's rules. It is not legal advice.

Guides

Before you sign

Frequently asked questions

What is the fair market rent in Posey County?

According to HUD (Fiscal year 2027): Studio: $866; 1 bedroom: $872; 2 bedrooms: $1,127; 3 bedrooms: $1,387; 4 bedrooms: $1,534. It covers rent plus basic utilities, except the phone.

How much do you need to earn to rent in Posey County?

Paying the 2-bedroom fair market rent ($1,127) without spending more than 30% of income takes $21.67 an hour full time, or $45,080 a year.

Who qualifies for Section 8 in Posey County?

Generally, families with very low income: no more than 50% of the area median income. For 4 people, HUD's limit here is $46,500 a year (Fiscal year 2026). The family usually pays 30% of its adjusted monthly income. You apply at the housing agency.

How much does Section 8 pay in Posey County?

The voucher pays up to your housing agency's payment standard, minus your share. The rule lets the agency set it between 90% and 110% of the fair market rent: for 2 bedrooms here, between $1,014 and $1,240 a month. Your agency publishes its figure.

Does the fair market rent change by ZIP code in Posey County?

For 2 bedrooms they run from $1,010 in 47620 to $1,040 in 47638. Where HUD designates these areas, or where the housing agency chooses to use them, the voucher is figured on the ZIP code's rent instead of the county's. Ask your agency which one it uses.

How many low-income apartments are there in Posey County?

HUD lists 5 properties with homes for low-income households in Posey County: tax-credit apartments (LIHTC), HUD-assisted buildings and public housing. They run from the most low-income homes to the fewest. For tax-credit apartments and HUD-assisted buildings, you apply directly at the building's management office. They tell you whether units are open and how to apply; HUD does not have that information.

How many households spend too much on rent in Posey County?

HUD counts rent as a burden when it reaches 30% of income or more. In Posey County, 40% of renter households are in that position; in Indiana, 48%, and nationwide, 51% (Average 2020–2024, Census).