What is the Fair Market Rent for a 2-bedroom in Colorado Springs, CO HUD Metro FMR Area?

The HUD Fair Market Rent for a 2-bedroom unit in Colorado Springs, CO HUD Metro FMR Area is $1,735 per month for fiscal year 2026. The studio FMR is $1,196, 1-bedroom is $1,464, 3-bedroom is $2,413, and 4-bedroom is $2,744.

What income do you need to afford the FMR in Colorado Springs, CO HUD Metro FMR Area?

Using the standard 30%-of-income affordability rule, a household would need to earn about $69,400 per year ($5,783 per month) to afford the FY2026 2-bedroom Fair Market Rent of $1,735 in Colorado Springs, CO HUD Metro FMR Area.

FY2026 Fair Market Rents — Colorado Springs, CO HUD Metro FMR Area

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

Studio

$1,196

1BR

$1,464

2BR

$1,735

3BR

$2,413

4BR

$2,744

Hours/week at min wage

91 hrs

to afford the 2BR FMR @ $14.81/hr (CO)

National rank

#119

of 661 U.S. metros (top 19% most expensive)

YoY change (2BR)

-2.4%

$43 vs FY2025 · 5-yr +44.6%

Voucher payment standard

$1,562–$1,909

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

Colorado Springs, CO HUD Metro FMR Area

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

FY2026 Fair Market Rents

Bedroom Size	Monthly FMR	Annual Equivalent
Efficiency (Studio)	$1,196	$14,352
1-Bedroom	$1,464	$17,568
2-Bedroom	$1,735	$20,820
3-Bedroom	$2,413	$28,956
4-Bedroom	$2,744	$32,928

Recent 2-Bedroom FMR Trend

FY2020 $1,141 → FY2026 $1,735

Fiscal Year	Studio	1BR	2BR	3BR	4BR
FY2026	$1,196	$1,464	$1,735	$2,413	$2,744
FY2025	$1,219	$1,472	$1,778	$2,491	$2,846
FY2024	$1,190	$1,408	$1,734	$2,444	$2,875
FY2023	$1,020	$1,183	$1,484	$2,109	$2,528
FY2022	$885	$1,033	$1,302	$1,849	$2,229
FY2021	$797	$949	$1,200	$1,717	$2,078
FY2020	$743	$897	$1,141	$1,646	$2,003

View full FMR history back to FY2000 →

FY2026 Income Limits

Area Median Income (AMI): $116,400

AMI Level	1p	2p	3p	4p	5p	6p
30% AMI (Extremely Low)	$24,450	$27,950	$31,450	$34,900	$38,680	$44,360
50% AMI (Very Low)	$40,750	$46,600	$52,400	$58,200	$62,900	$67,550
80% AMI (Low)	$65,200	$74,500	$83,800	$93,100	$100,550	$108,000

Full income limits table (all 8 household sizes) →

Affordability Snapshot

2BR Annual FMR

$20,820/yr

FMR as % of Area Median Income

17.9% of AMI

Under 30% — affordable at median income

Income Needed (30% rule, 2BR)

$69,400/yr

$5,783/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	$1,018	$1,164	$1,309	$1,571	$1,687
60% AMI Maximum	$1,222	$1,396	$1,571	$1,885	$2,025

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	$1,196	$1,464	$1,735	$1,891	$1,891
Low HOME Rent	$1,018	$1,165	$1,310	$1,455	$1,572

Compare Colorado Springs, CO HUD Metro FMR Area With Other CO Metros

vs. Boulder, CO MSA vs. Denver-Aurora-Lakewood, CO MSA vs. Fort Collins, CO MSA vs. Grand Junction, CO MSA vs. Greeley, CO MSA

Counties in This FMR Area

El Paso County