What is the Fair Market Rent for a 2-bedroom in Waterbury-Shelton, CT MSA?

The HUD Fair Market Rent for a 2-bedroom unit in Waterbury-Shelton, CT MSA is $1,788 per month for fiscal year 2026. The studio FMR is $1,246, 1-bedroom is $1,445, 3-bedroom is $2,210, and 4-bedroom is $2,608.

What income do you need to afford the FMR in Waterbury-Shelton, CT MSA?

Using the standard 30%-of-income affordability rule, a household would need to earn about $71,520 per year ($5,960 per month) to afford the FY2026 2-bedroom Fair Market Rent of $1,788 in Waterbury-Shelton, CT MSA.

FY2026 Fair Market Rents — Waterbury-Shelton, CT MSA

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

Studio

$1,246

1BR

$1,445

2BR

$1,788

3BR

$2,210

4BR

$2,608

Hours/week at min wage

85 hrs

to afford the 2BR FMR @ $16.35/hr (CT)

Voucher payment standard

$1,609–$1,967

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

Waterbury-Shelton, CT MSA

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

FY2026 Fair Market Rents

Bedroom Size	Monthly FMR	Annual Equivalent
Efficiency (Studio)	$1,246	$14,952
1-Bedroom	$1,445	$17,340
2-Bedroom	$1,788	$21,456
3-Bedroom	$2,210	$26,520
4-Bedroom	$2,608	$31,296

FY2026 Income Limits

Area Median Income (AMI): $114,000

AMI Level	1p	2p	3p	4p	5p	6p
30% AMI (Extremely Low)	$26,150	$29,900	$33,650	$37,350	$40,350	$44,360
50% AMI (Very Low)	$43,600	$49,800	$56,050	$62,250	$67,250	$72,250
80% AMI (Low)	$69,750	$79,700	$89,650	$99,600	$107,600	$115,550

Full income limits table (all 8 household sizes) →

Affordability Snapshot

2BR Annual FMR

$21,456/yr

FMR as % of Area Median Income

18.8% of AMI

Under 30% — affordable at median income

Income Needed (30% rule, 2BR)

$71,520/yr

$5,960/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	$997	$1,140	$1,282	$1,539	$1,653
60% AMI Maximum	$1,197	$1,368	$1,539	$1,846	$1,983

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	$1,246	$1,445	$1,788	$1,852	$1,852
Low HOME Rent	$1,090	$1,245	$1,401	$1,556	$1,681

Compare Waterbury-Shelton, CT MSA With Other CT Metros

vs. Ansonia town, CT Exception Area vs. Beacon Falls town, CT Exception Area vs. Bridgeport, CT HUD Metro FMR Area vs. Bridgeport-Stamford-Danbury, CT MSA vs. Cheshire town, CT Exception Area