What is the Fair Market Rent for a 2-bedroom in Palm Bay-Melbourne-Titusville, FL MSA?

The HUD Fair Market Rent for a 2-bedroom unit in Palm Bay-Melbourne-Titusville, FL MSA is $1,709 per month for fiscal year 2026. The studio FMR is $1,266, 1-bedroom is $1,478, 3-bedroom is $2,330, and 4-bedroom is $2,645.

What income do you need to afford the FMR in Palm Bay-Melbourne-Titusville, FL MSA?

Using the standard 30%-of-income affordability rule, a household would need to earn about $68,360 per year ($5,697 per month) to afford the FY2026 2-bedroom Fair Market Rent of $1,709 in Palm Bay-Melbourne-Titusville, FL MSA.

FY2026 Fair Market Rents — Palm Bay-Melbourne-Titusville, FL MSA

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

Studio

$1,266

1BR

$1,478

2BR

$1,709

3BR

$2,330

4BR

$2,645

Hours/week at min wage

94 hrs

to afford the 2BR FMR @ $14.00/hr (FL)

YoY change (2BR)

+4.5%

+$74 vs FY2025 · 5-yr +50.7%

Voucher payment standard

$1,538–$1,880

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

Palm Bay-Melbourne-Titusville, FL MSA

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

FY2026 Fair Market Rents

Bedroom Size	Monthly FMR	Annual Equivalent
Efficiency (Studio)	$1,266	$15,192
1-Bedroom	$1,478	$17,736
2-Bedroom	$1,709	$20,508
3-Bedroom	$2,330	$27,960
4-Bedroom	$2,645	$31,740

Recent 2-Bedroom FMR Trend

FY2020 $1,078 → FY2026 $1,709

Fiscal Year	Studio	1BR	2BR	3BR	4BR
FY2026	$1,266	$1,478	$1,709	$2,330	$2,645
FY2025	$1,203	$1,408	$1,635	$2,224	$2,545
FY2024	$1,034	$1,214	$1,434	$1,938	$2,263
FY2023	$962	$1,143	$1,375	$1,834	$2,183
FY2022	$815	$984	$1,196	$1,596	$1,921
FY2021	$759	$921	$1,134	$1,525	$1,826
FY2020	$702	$866	$1,078	$1,465	$1,788

View full FMR history back to FY2000 →

FY2026 Income Limits

Area Median Income (AMI): $97,000

AMI Level	1p	2p	3p	4p	5p	6p
30% AMI (Extremely Low)	$20,950	$23,950	$27,320	$33,000	$38,680	$44,360
50% AMI (Very Low)	$34,900	$39,850	$44,850	$49,800	$53,800	$57,800
80% AMI (Low)	$55,800	$63,800	$71,750	$79,700	$86,100	$92,500

Full income limits table (all 8 household sizes) →

Affordability Snapshot

2BR Annual FMR

$20,508/yr

FMR as % of Area Median Income

21.1% of AMI

Under 30% — affordable at median income

Income Needed (30% rule, 2BR)

$68,360/yr

$5,697/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	$848	$970	$1,091	$1,309	$1,406
60% AMI Maximum	$1,018	$1,164	$1,309	$1,571	$1,687

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	$1,266	$1,478	$1,576	$1,576	$1,576
Low HOME Rent	$872	$996	$1,121	$1,245	$1,345

Compare Palm Bay-Melbourne-Titusville, FL MSA With Other FL Metros

vs. Baker County, FL HUD Metro FMR Area vs. Cape Coral-Fort Myers, FL MSA vs. Crestview-Fort Walton Beach-Destin, FL HUD Metro FMR Area vs. Deltona-Daytona Beach-Ormond Beach, FL HUD Metro FMR Area vs. Fort Lauderdale, FL HUD Metro FMR Area