What is the Fair Market Rent for a 2-bedroom in Montgomery, AL MSA?

The HUD Fair Market Rent for a 2-bedroom unit in Montgomery, AL MSA is $1,016 per month for fiscal year 2026. The studio FMR is $860, 1-bedroom is $870, 3-bedroom is $1,304, and 4-bedroom is $1,537.

What income do you need to afford the FMR in Montgomery, AL MSA?

Using the standard 30%-of-income affordability rule, a household would need to earn about $40,640 per year ($3,387 per month) to afford the FY2026 2-bedroom Fair Market Rent of $1,016 in Montgomery, AL MSA.

FY2026 Fair Market Rents — Montgomery, AL MSA

The HUD-published Fair Market Rents for FY2026 in this area are:

Studio

$860

1BR

$870

2BR

$1,016

3BR

$1,304

4BR

$1,537

Hours/week at min wage

108 hrs

to afford the 2BR FMR @ $7.25/hr (federal)

YoY change (2BR)

-3.7%

$39 vs FY2025 · 5-yr +11.9%

Voucher payment standard

$914–$1,118

PHAs set HCV payment at 90–110% of the 2BR FMR

Montgomery, AL MSA

Non-Metropolitan area · AL · View full history · Income limits · LIHTC rents

FY2026 Fair Market Rents

Bedroom Size	Monthly FMR	Annual Equivalent
Efficiency (Studio)	$860	$10,320
1-Bedroom	$870	$10,440
2-Bedroom	$1,016	$12,192
3-Bedroom	$1,304	$15,648
4-Bedroom	$1,537	$18,444

Recent 2-Bedroom FMR Trend

FY2020 $830 → FY2026 $1,016

Fiscal Year	Studio	1BR	2BR	3BR	4BR
FY2026	$860	$870	$1,016	$1,304	$1,537
FY2025	$848	$888	$1,055	$1,345	$1,665
FY2024	$836	$913	$1,092	$1,383	$1,753
FY2023	$716	$817	$977	$1,241	$1,595
FY2022	$643	$764	$914	$1,156	$1,494
FY2021	$640	$766	$908	$1,148	$1,520
FY2020	$583	$702	$830	$1,047	$1,425

View full FMR history back to FY2000 →

FY2026 Income Limits

Area Median Income (AMI): $88,800

AMI Level	1p	2p	3p	4p	5p	6p
30% AMI (Extremely Low)	$18,700	$21,640	$27,320	$33,000	$38,680	$44,360
50% AMI (Very Low)	$31,100	$35,550	$40,000	$44,400	$48,000	$51,550
80% AMI (Low)	$49,750	$56,850	$63,950	$71,050	$76,750	$82,450

Full income limits table (all 8 household sizes) →

Affordability Snapshot

2BR Annual FMR

$12,192/yr

FMR as % of Area Median Income

13.7% of AMI

Under 30% — affordable at median income

Income Needed (30% rule, 2BR)

$40,640/yr

$3,387/mo gross income

FY2026 LIHTC Maximum Rents

Maximum gross rents for Low-Income Housing Tax Credit units, by income band. Full LIHTC details →

AMI Band	Studio	1BR	2BR	3BR	4BR
50% AMI Maximum	$776	$888	$999	$1,198	$1,287
60% AMI Maximum	$932	$1,065	$1,198	$1,438	$1,545

FY2026 HOME Program Rent Limits

Maximum rents for HOME Investment Partnerships–funded units. High HOME rents apply to most assisted units; Low HOME rents apply to the lowest-income set-aside units. Full HOME rent details →

Limit Type	Studio	1BR	2BR	3BR	4BR
High HOME Rent	$860	$870	$1,016	$1,304	$1,443
Low HOME Rent	$777	$888	$1,000	$1,110	$1,200

Small Area FMRs by ZIP Code

This metro publishes ZIP-level Small Area Fair Market Rents. Metro-wide 2BR FMR: $1,016. About SAFMRs →

Highest-cost ZIPs (2BR SAFMR)

36113	$1,520
36064	$1,440
36115	$1,410
36013	$1,380
36057	$1,300

Lowest-cost ZIPs (2BR SAFMR)

35010	$900
35136	$900
36003	$900
36024	$900
36026	$900

All 66 ZIP codes in this area

35010 35136 36003 36006 36008 36013 36020 36022 36024 36025 36026 36029 36032 36036 36040 36041 36043 36046 36047 36051 36052 36054 36057 36064 36066 36067 36068 36069 36078 36080 36091 36092 36093 36101 36102 36103 36104 36105 36106 36107 36108 36109 36110 36111 36112 36113 36114 36115 36116 36117 36119 36120 36121 36123 36124 36125 36130 36131 36701 36703 36749 36752 36758 36761 36775 36785

Compare Montgomery, AL MSA With Other AL Metros

vs. Anniston-Oxford-Jacksonville, AL MSA vs. Auburn-Opelika, AL MSA vs. Birmingham-Hoover, AL HUD Metro FMR Area vs. Chilton County, AL HUD Metro FMR Area vs. Columbus, GA-AL MSA