FY2025 Fair Market Rents — Cleveland-Elyria, OH MSA
The HUD-published Fair Market Rents for FY2025 in this area are:
Studio
$881
1BR
$995
2BR
$1,208
3BR
$1,553
4BR
$1,667
Hours/week at min wage
87 hrs
to afford the 2BR FMR @ $10.70/hr (OH)
National rank
#304
of 639 U.S. metros (top 48% most expensive)
YoY change (2BR)
+9%
+$100 vs FY2024 · 5-yr +42.3%
Voucher payment standard
$1,087–$1,329
PHAs set HCV payment at 90–110% of the 2BR FMR
Cleveland-Elyria, OH MSA
Metropolitan area · OH · View full history · Income limits · LIHTC rents
FY2025 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $881 | $10,572 |
| 1-Bedroom | $995 | $11,940 |
| 2-Bedroom | $1,208 | $14,496 |
| 3-Bedroom | $1,553 | $18,636 |
| 4-Bedroom | $1,667 | $20,004 |
Recent 2-Bedroom FMR Trend
FY2019 $836 → FY2025 $1,208
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2025 | $881 | $995 | $1,208 | $1,553 | $1,667 |
| FY2024 | $811 | $913 | $1,108 | $1,434 | $1,527 |
| FY2023 | $719 | $820 | $998 | $1,296 | $1,369 |
| FY2022 | $632 | $732 | $893 | $1,169 | $1,224 |
| FY2021 | $599 | $705 | $865 | $1,137 | $1,188 |
| FY2020 | $585 | $691 | $849 | $1,119 | $1,174 |
| FY2019 | $569 | $678 | $836 | $1,102 | $1,158 |
View full FMR history back to FY2000 →
FY2024 Income Limits
Area Median Income (AMI): $97,200
| AMI Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI (Extremely Low) | $20,450 | $23,350 | $26,250 | $31,200 | $36,580 | $41,960 |
| 50% AMI (Very Low) | $34,050 | $38,900 | $43,750 | $48,600 | $52,500 | $56,400 |
| 80% AMI (Low) | $54,450 | $62,200 | $70,000 | $77,750 | $84,000 | $90,200 |
Full income limits table (all 8 household sizes) →
Affordability Snapshot
2BR Annual FMR
$14,496/yr
FMR as % of Area Median Income
14.9% of AMI
Under 30% — affordable at median income
Income Needed (30% rule, 2BR)
$48,320/yr
$4,027/mo gross income
FY2024 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 | $850 | $972 | $1,093 | $1,312 | $1,409 |
| 60% AMI Maximum | $1,020 | $1,166 | $1,312 | $1,574 | $1,691 |
FY2024 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 | $811 | $913 | $1,108 | $1,434 | $1,527 |
| Low HOME Rent | $851 | $972 | $1,093 | $1,215 | $1,312 |
Compare Cleveland-Elyria, OH MSA With Other OH Metros
vs. Akron, OH MSA
vs. Ashtabula County, OH HUD Metro FMR Area
vs. Brown County, OH HUD Metro FMR Area
vs. Canton-Massillon, OH MSA
vs. Cleveland, OH HUD Metro FMR Area