FY2026 Fair Market Rents — Las Cruces, NM MSA
The HUD-published Fair Market Rents for FY2026 in this area are:
Studio
$744
1BR
$951
2BR
$1,042
3BR
$1,449
4BR
$1,580
Hours/week at min wage
67 hrs
to afford the 2BR FMR @ $12.00/hr (NM)
National rank
#514
of 661 U.S. metros (top 79% most expensive)
YoY change (2BR)
+0.1%
+$1 vs FY2025 · 5-yr +42%
Voucher payment standard
$938–$1,146
PHAs set HCV payment at 90–110% of the 2BR FMR
Las Cruces, NM MSA
Metropolitan area · NM · View full history · Income limits · LIHTC rents
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $744 | $8,928 |
| 1-Bedroom | $951 | $11,412 |
| 2-Bedroom | $1,042 | $12,504 |
| 3-Bedroom | $1,449 | $17,388 |
| 4-Bedroom | $1,580 | $18,960 |
Recent 2-Bedroom FMR Trend
FY2020 $742 → FY2026 $1,042
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $744 | $951 | $1,042 | $1,449 | $1,580 |
| FY2025 | $741 | $940 | $1,041 | $1,447 | $1,605 |
| FY2024 | $739 | $881 | $989 | $1,383 | $1,562 |
| FY2023 | $715 | $772 | $893 | $1,269 | $1,459 |
| FY2022 | $635 | $649 | $787 | $1,118 | $1,315 |
| FY2021 | $571 | $603 | $734 | $1,050 | $1,262 |
| FY2020 | $544 | $602 | $742 | $1,070 | $1,278 |
View full FMR history back to FY2000 →
FY2026 Income Limits
Area Median Income (AMI): $79,900
| AMI Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI (Extremely Low) | $16,350 | $21,640 | $27,320 | $33,000 | $38,680 | $44,360 |
| 50% AMI (Very Low) | $27,200 | $31,100 | $35,000 | $38,850 | $42,000 | $45,100 |
| 80% AMI (Low) | $43,550 | $49,750 | $55,950 | $62,150 | $67,150 | $72,100 |
Full income limits table (all 8 household sizes) →
Affordability Snapshot
2BR Annual FMR
$12,504/yr
FMR as % of Area Median Income
15.6% of AMI
Under 30% — affordable at median income
Income Needed (30% rule, 2BR)
$41,680/yr
$3,473/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 | $699 | $799 | $898 | $1,078 | $1,158 |
| 60% AMI Maximum | $838 | $958 | $1,078 | $1,294 | $1,390 |
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 | $744 | $951 | $1,042 | $1,298 | $1,298 |
| Low HOME Rent | $680 | $777 | $875 | $971 | $1,050 |