FY2026 Fair Market Rents — Albany-Schenectady-Troy, NY MSA
The HUD-published Fair Market Rents for FY2026 in this area are:
Studio
$1,217
1BR
$1,417
2BR
$1,702
3BR
$2,041
4BR
$2,253
Hours/week at min wage
80 hrs
to afford the 2BR FMR @ $16.50/hr (NY)
National rank
#135
of 661 U.S. metros (top 21% most expensive)
YoY change (2BR)
+14.5%
+$215 vs FY2025 · 5-yr +52.4%
Voucher payment standard
$1,532–$1,872
PHAs set HCV payment at 90–110% of the 2BR FMR
Albany-Schenectady-Troy, NY MSA
Metropolitan area · NY · View full history · Income limits · LIHTC rents
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $1,217 | $14,604 |
| 1-Bedroom | $1,417 | $17,004 |
| 2-Bedroom | $1,702 | $20,424 |
| 3-Bedroom | $2,041 | $24,492 |
| 4-Bedroom | $2,253 | $27,036 |
Recent 2-Bedroom FMR Trend
FY2020 $1,054 → FY2026 $1,702
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $1,217 | $1,417 | $1,702 | $2,041 | $2,253 |
| FY2025 | $1,074 | $1,230 | $1,487 | $1,792 | $1,971 |
| FY2024 | $1,011 | $1,131 | $1,374 | $1,661 | $1,830 |
| FY2023 | $968 | $1,079 | $1,313 | $1,598 | $1,764 |
| FY2022 | $890 | $991 | $1,207 | $1,492 | $1,637 |
| FY2021 | $809 | $912 | $1,117 | $1,389 | $1,515 |
| FY2020 | $747 | $855 | $1,054 | $1,313 | $1,428 |
View full FMR history back to FY2000 →
FY2026 Income Limits
Area Median Income (AMI): $123,100
| AMI Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI (Extremely Low) | $25,900 | $29,600 | $33,300 | $36,950 | $39,950 | $44,360 |
| 50% AMI (Very Low) | $43,100 | $49,250 | $55,400 | $61,550 | $66,500 | $71,400 |
| 80% AMI (Low) | $68,950 | $78,800 | $88,650 | $98,500 | $106,400 | $114,300 |
Full income limits table (all 8 household sizes) →
Affordability Snapshot
2BR Annual FMR
$20,424/yr
FMR as % of Area Median Income
16.6% of AMI
Under 30% — affordable at median income
Income Needed (30% rule, 2BR)
$68,080/yr
$5,673/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 | $1,077 | $1,231 | $1,384 | $1,661 | $1,784 |
| 60% AMI Maximum | $1,292 | $1,477 | $1,661 | $1,994 | $2,141 |
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 | $1,217 | $1,417 | $1,702 | $2,000 | $2,000 |
| Low HOME Rent | $1,077 | $1,231 | $1,385 | $1,538 | $1,662 |
Compare Albany-Schenectady-Troy, NY MSA With Other NY Metros
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