What is the Fair Market Rent for a 2-bedroom in Charleston-North Charleston, SC MSA?

The HUD Fair Market Rent for a 2-bedroom unit in Charleston-North Charleston, SC MSA is $1,787 per month for fiscal year 2026. The studio FMR is $1,557, 1-bedroom is $1,630, 3-bedroom is $2,222, and 4-bedroom is $2,562.

What income do you need to afford the FMR in Charleston-North Charleston, SC MSA?

Using the standard 30%-of-income affordability rule, a household would need to earn about $71,480 per year ($5,957 per month) to afford the FY2026 2-bedroom Fair Market Rent of $1,787 in Charleston-North Charleston, SC MSA.

FY2026 Fair Market Rents — Charleston-North Charleston, SC MSA

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

Studio

$1,557

1BR

$1,630

2BR

$1,787

3BR

$2,222

4BR

$2,562

Hours/week at min wage

190 hrs

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

National rank

#105

of 661 U.S. metros (top 17% most expensive)

YoY change (2BR)

-1.8%

$33 vs FY2025 · 5-yr +48.1%

Voucher payment standard

$1,608–$1,966

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

Charleston-North Charleston, SC MSA

Metropolitan area · SC · View full history · Income limits · LIHTC rents

FY2026 Fair Market Rents

Bedroom Size	Monthly FMR	Annual Equivalent
Efficiency (Studio)	$1,557	$18,684
1-Bedroom	$1,630	$19,560
2-Bedroom	$1,787	$21,444
3-Bedroom	$2,222	$26,664
4-Bedroom	$2,562	$30,744

Recent 2-Bedroom FMR Trend

FY2020 $1,179 → FY2026 $1,787

Fiscal Year	Studio	1BR	2BR	3BR	4BR
FY2026	$1,557	$1,630	$1,787	$2,222	$2,562
FY2025	$1,583	$1,644	$1,820	$2,255	$2,653
FY2024	$1,386	$1,424	$1,599	$1,979	$2,402
FY2023	$1,328	$1,357	$1,533	$1,906	$2,397
FY2022	$1,183	$1,204	$1,372	$1,721	$2,206
FY2021	$1,000	$1,059	$1,207	$1,544	$2,010
FY2020	$907	$1,035	$1,179	$1,535	$2,012

View full FMR history back to FY2000 →

FY2026 Income Limits

Area Median Income (AMI): $117,500

AMI Level	1p	2p	3p	4p	5p	6p
30% AMI (Extremely Low)	$24,700	$28,200	$31,750	$35,250	$38,680	$44,360
50% AMI (Very Low)	$41,150	$47,000	$52,900	$58,750	$63,450	$68,150
80% AMI (Low)	$65,800	$75,200	$84,600	$94,000	$101,550	$109,050

Full income limits table (all 8 household sizes) →

Affordability Snapshot

2BR Annual FMR

$21,444/yr

FMR as % of Area Median Income

18.3% of AMI

Under 30% — affordable at median income

Income Needed (30% rule, 2BR)

$71,480/yr

$5,957/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	$1,028	$1,175	$1,321	$1,586	$1,703
60% AMI Maximum	$1,233	$1,410	$1,586	$1,903	$2,044

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	$1,557	$1,630	$1,787	$1,909	$1,909
Low HOME Rent	$1,028	$1,175	$1,322	$1,468	$1,586

Small Area FMRs by ZIP Code

This metro publishes ZIP-level Small Area Fair Market Rents. Metro-wide 2BR FMR: $1,787. About SAFMRs →

Highest-cost ZIPs (2BR SAFMR)

29451	$2,680
29466	$2,540
29482	$2,540
29439	$2,530
29464	$2,530

Lowest-cost ZIPs (2BR SAFMR)

29018	$1,300
29059	$1,300
29432	$1,300
29436	$1,300
29437	$1,300

All 62 ZIP codes in this area

29018 29059 29401 29402 29403 29404 29405 29406 29407 29409 29410 29412 29413 29414 29415 29416 29417 29418 29419 29420 29422 29423 29424 29425 29426 29429 29431 29432 29434 29436 29437 29438 29439 29445 29448 29449 29450 29451 29453 29455 29456 29457 29458 29461 29464 29465 29466 29468 29469 29470 29471 29472 29477 29479 29481 29482 29483 29484 29485 29486 29487 29492

Compare Charleston-North Charleston, SC MSA With Other SC Metros

vs. Anderson, SC HUD Metro FMR Area vs. Beaufort County, SC HUD Metro FMR Area vs. Chester County, SC HUD Metro FMR Area vs. Clarendon County, SC HUD Metro FMR Area vs. Columbia, SC HUD Metro FMR Area

Counties in This FMR Area

Berkeley County Charleston County Dorchester County