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State rent reports: HUD fair market rents for fiscal 2027

From HUD's fiscal 2027 Fair Market Rents, generally effective October 1, 2026

Updated Nov 14, 2026HUD estimates, not listing prices

Each year HUD publishes a Fair Market Rent for every metro area and rural county: an estimate of the 40th percentile gross rent, meaning rent plus basic utilities, for a standard-quality home of each size. The table shows each state's two-bedroom average for fiscal 2027, weighted by population, and the change from fiscal 2026. Open a state for every metro area and home size.

Two-bedroom rent by state

StateTwo-bedroom, 2027Change from 2026
Alabama$1,170+8.2%
Alaska$1,519-3.1%
Arizona$1,616-5.3%
Arkansas$1,061-0.6%
California$2,632-1.4%
Colorado$1,916+2.7%
Connecticut$2,033+0.3%
Delaware$1,727+5.0%
Florida$1,962+1.7%
Georgia$1,528-1.5%
Hawaii$2,467-3.0%
Idaho$1,367-2.8%
Illinois$1,724+10.7%
Indiana$1,302+5.4%
Iowa$1,113+1.3%
Kansas$1,212+7.8%
Kentucky$1,155+4.4%
Louisiana$1,161+2.9%
Maine$1,714+3.8%
Maryland$2,103+7.4%
Massachusetts$2,566+2.8%
Michigan$1,361+3.9%
Minnesota$1,507+2.0%
Mississippi$1,087+5.0%
Missouri$1,250+9.8%
Montana$1,529+0.3%
Nebraska$1,260+6.1%
Nevada$1,672-2.7%
New Hampshire$2,010-1.4%
New Jersey$2,268+1.7%
New Mexico$1,282-1.0%
New York$2,402+1.3%
North Carolina$1,441+3.5%
North Dakota$1,102+2.4%
Ohio$1,273+4.3%
Oklahoma$1,127+0.4%
Oregon$1,691-1.4%
Pennsylvania$1,528+3.6%
Rhode Island$1,911+8.6%
South Carolina$1,391+3.3%
South Dakota$1,187+8.9%
Tennessee$1,381+3.3%
Texas$1,488-2.3%
Utah$1,493-4.5%
Vermont$1,773+8.8%
Virginia$1,792+3.5%
Washington$2,044+1.7%
Washington, D.C.$2,438+8.5%
West Virginia$1,039+4.3%
Wisconsin$1,251No change
Wyoming$1,094+2.6%

What these numbers mean

  • Gross rent. A Fair Market Rent includes rent plus basic utilities, so it can run higher than a lease's base rent when the renter pays utilities separately.
  • A program benchmark. HUD uses Fair Market Rents to set payment standards for the Housing Choice Voucher program and limits for other housing programs. They are estimates, not appraisals or current listing prices.
  • One figure per area. HUD sets one figure for each metro area and each rural county. Rents for a particular home depend on its location, size, condition and amenities.
  • Fiscal years. HUD's fiscal year starts on October 1, so fiscal 2027 figures generally apply from October 1, 2026.

How this report is built

The metro rows show HUD's published figures. Statewide and rural averages weight each county or town by its population in HUD's fiscal 2027 file, and the change compares the same counties with the same weights in both years. Sources: HUD Fair Market Rents, FY26_FMRs_revised.xlsx, FY27_FMRs.xlsx.

Source: U.S. Department of Housing and Urban Development, Fair Market Rents for fiscal 2026 and 2027. HUD figures are estimates for program use, not appraisals or listing prices. Rentari calculated the statewide and rural averages as described above.

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