FY2026 Fair Market Rents — Urban Honolulu, HI MSA
The HUD-published Fair Market Rents for FY2026 in this area are:
Studio
$1,877
1BR
$2,016
2BR
$2,642
3BR
$3,674
4BR
$4,432
Hours/week at min wage
146 hrs
to afford the 2BR FMR @ $14.00/hr (HI)
YoY change (2BR)
-1.7%
$45 vs FY2025 · 5-yr +27.4%
Voucher payment standard
$2,378–$2,906
PHAs set HCV payment at 90–110% of the 2BR FMR
Urban Honolulu, HI MSA
Non-Metropolitan area · HI · View full history · Income limits · LIHTC rents
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $1,877 | $22,524 |
| 1-Bedroom | $2,016 | $24,192 |
| 2-Bedroom | $2,642 | $31,704 |
| 3-Bedroom | $3,674 | $44,088 |
| 4-Bedroom | $4,432 | $53,184 |
Recent 2-Bedroom FMR Trend
FY2020 $2,160 → FY2026 $2,642
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $1,877 | $2,016 | $2,642 | $3,674 | $4,432 |
| FY2025 | $1,887 | $2,052 | $2,687 | $3,765 | $4,512 |
| FY2024 | $1,573 | $1,720 | $2,252 | $3,174 | $3,822 |
| FY2023 | $1,563 | $1,716 | $2,247 | $3,193 | $3,827 |
| FY2022 | $1,552 | $1,705 | $2,240 | $3,182 | $3,834 |
| FY2021 | $1,433 | $1,577 | $2,073 | $2,967 | $3,589 |
| FY2020 | $1,473 | $1,640 | $2,160 | $3,116 | $3,792 |
View full FMR history back to FY2000 →
FY2026 Income Limits
Area Median Income (AMI): $133,400
| AMI Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI (Extremely Low) | $32,350 | $37,000 | $41,600 | $46,200 | $49,900 | $53,600 |
| 50% AMI (Very Low) | $53,900 | $61,600 | $69,300 | $77,000 | $83,200 | $89,350 |
| 80% AMI (Low) | $86,250 | $98,600 | $110,900 | $123,200 | $133,100 | $142,950 |
Full income limits table (all 8 household sizes) →
Affordability Snapshot
2BR Annual FMR
$31,704/yr
FMR as % of Area Median Income
23.8% of AMI
Under 30% — affordable at median income
Income Needed (30% rule, 2BR)
$105,680/yr
$8,807/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 | $1,167 | $1,334 | $1,500 | $1,800 | $1,934 |
| 60% AMI Maximum | $1,400 | $1,600 | $1,800 | $2,161 | $2,321 |
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 | $1,877 | $2,016 | $2,167 | $2,167 | $2,167 |
| Low HOME Rent | $1,347 | $1,540 | $1,732 | $1,925 | $2,080 |
Compare Urban Honolulu, HI MSA With Other HI Metros
vs. Kahului-Wailuku-Lahaina, HI MSA
vs. Kalawao County, HI HUD Metro FMR Area
vs. Maui County, HI HUD Metro FMR Area
vs. Urban Honolulu, HI MSA