What is the Fair Market Rent for a 2-bedroom in Providence-Fall River, RI-MA HUD Metro FMR Area?

The HUD Fair Market Rent for a 2-bedroom unit in Providence-Fall River, RI-MA HUD Metro FMR Area is $1,234 per month for fiscal year 2022. The studio FMR is $913, 1-bedroom is $1,026, 3-bedroom is $1,525, and 4-bedroom is $1,868.

What income do you need to afford the FMR in Providence-Fall River, RI-MA HUD Metro FMR Area?

Using the standard 30%-of-income affordability rule, a household would need to earn about $49,360 per year ($4,113 per month) to afford the FY2022 2-bedroom Fair Market Rent of $1,234 in Providence-Fall River, RI-MA HUD Metro FMR Area.

FY2022 Fair Market Rents — Providence-Fall River, RI-MA HUD Metro FMR Area

The HUD-published Fair Market Rents for FY2022 in this area are:

Studio

$913

1BR

$1,026

2BR

$1,234

3BR

$1,525

4BR

$1,868

Hours/week at min wage

64 hrs

to afford the 2BR FMR @ $15.00/hr (MA)

YoY change (2BR)

+7.5%

+$86 vs FY2021 · 5-yr +24.1%

Voucher payment standard

$1,111–$1,357

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

Providence-Fall River, RI-MA HUD Metro FMR Area

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

FY2022 Fair Market Rents

Bedroom Size	Monthly FMR	Annual Equivalent
Efficiency (Studio)	$913	$10,956
1-Bedroom	$1,026	$12,312
2-Bedroom	$1,234	$14,808
3-Bedroom	$1,525	$18,300
4-Bedroom	$1,868	$22,416

Recent 2-Bedroom FMR Trend

FY2017 $994 → FY2022 $1,234

Fiscal Year	Studio	1BR	2BR	3BR	4BR
FY2022	$913	$1,026	$1,234	$1,525	$1,868
FY2021	$848	$955	$1,148	$1,428	$1,714
FY2020	$794	$898	$1,075	$1,340	$1,591
FY2019	$786	$889	$1,060	$1,328	$1,565
FY2018	$748	$849	$1,014	$1,271	$1,508
FY2017	$732	$827	$994	$1,244	$1,485

View full FMR history back to FY2000 →

FY2022 Income Limits

Area Median Income (AMI): $97,600

AMI Level	1p	2p	3p	4p	5p	6p
30% AMI (Extremely Low)	$20,300	$23,200	$26,100	$29,000	$32,470	$37,190
50% AMI (Very Low)	$33,850	$38,700	$43,550	$48,350	$52,250	$56,100
80% AMI (Low)	$54,150	$61,900	$69,650	$77,350	$83,550	$89,750

Full income limits table (all 8 household sizes) →

Affordability Snapshot

2BR Annual FMR

$14,808/yr

FMR as % of Area Median Income

15.2% of AMI

Under 30% — affordable at median income

Income Needed (30% rule, 2BR)

$49,360/yr

$4,113/mo gross income

FY2022 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	$854	$976	$1,098	$1,317	$1,415
60% AMI Maximum	$1,024	$1,171	$1,317	$1,581	$1,698

FY2022 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	$913	$1,026	$1,234	$1,525	$1,586
Low HOME Rent	$846	$967	$1,088	$1,208	$1,306

Compare Providence-Fall River, RI-MA HUD Metro FMR Area With Other MA Metros

vs. Amherst Town-Northampton, MA MSA vs. Barnstable Town, MA MSA vs. Berkshire County, MA (part) HUD Metro FMR Area vs. Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area vs. Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area