FY2026 Fair Market Rents — Richland County, MT
The HUD-published Fair Market Rents for FY2026 in this area are:
Studio
$1,143
1BR
$1,197
2BR
$1,312
3BR
$1,573
4BR
$2,201
Hours/week at min wage
96 hrs
to afford the 2BR FMR @ $10.55/hr (MT)
YoY change (2BR)
+3.2%
+$41 vs FY2025 · 5-yr +36.7%
Voucher payment standard
$1,181–$1,443
PHAs set HCV payment at 90–110% of the 2BR FMR
Richland County, MT
Non-Metropolitan area · MT · View full history · Income limits · LIHTC rents
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $1,143 | $13,716 |
| 1-Bedroom | $1,197 | $14,364 |
| 2-Bedroom | $1,312 | $15,744 |
| 3-Bedroom | $1,573 | $18,876 |
| 4-Bedroom | $2,201 | $26,412 |
Recent 2-Bedroom FMR Trend
FY2020 $982 → FY2026 $1,312
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $1,143 | $1,197 | $1,312 | $1,573 | $2,201 |
| FY2025 | $932 | $1,148 | $1,271 | $1,531 | $2,134 |
| FY2024 | $658 | $795 | $905 | $1,101 | $1,536 |
| FY2023 | $663 | $699 | $920 | $1,131 | $1,567 |
| FY2022 | $628 | $676 | $890 | $1,157 | $1,280 |
| FY2021 | $672 | $728 | $960 | $1,194 | $1,413 |
| FY2020 | $677 | $746 | $982 | $1,224 | $1,497 |
View full FMR history back to FY2000 →
FY2026 Income Limits
Area Median Income (AMI): $96,600
| AMI Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI (Extremely Low) | $20,300 | $23,200 | $27,320 | $33,000 | $38,680 | $44,360 |
| 50% AMI (Very Low) | $33,850 | $38,650 | $43,500 | $48,300 | $52,200 | $56,050 |
| 80% AMI (Low) | $54,150 | $61,850 | $69,600 | $77,300 | $83,500 | $89,700 |
Full income limits table (all 8 household sizes) →
Affordability Snapshot
2BR Annual FMR
$15,744/yr
FMR as % of Area Median Income
16.3% of AMI
Under 30% — affordable at median income
Income Needed (30% rule, 2BR)
$52,480/yr
$4,373/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 | $845 | $966 | $1,086 | $1,304 | $1,400 |
| 60% AMI Maximum | $1,014 | $1,159 | $1,304 | $1,564 | $1,680 |
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 | $1,143 | $1,197 | $1,312 | $1,569 | $1,569 |
| Low HOME Rent | $846 | $966 | $1,087 | $1,207 | $1,305 |
Compare Richland County, MT With Other MT Metros
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vs. Great Falls, MT MSA