FY2026 Fair Market Rents — Teton County, MT
The HUD-published Fair Market Rents for FY2026 in this area are:
Studio
$1,019
1BR
$1,241
2BR
$1,360
3BR
$1,891
4BR
$2,171
Hours/week at min wage
100 hrs
to afford the 2BR FMR @ $10.55/hr (MT)
YoY change (2BR)
+3.2%
+$42 vs FY2025 · 5-yr +75.5%
Voucher payment standard
$1,224–$1,496
PHAs set HCV payment at 90–110% of the 2BR FMR
Teton 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) | $1,019 | $12,228 |
| 1-Bedroom | $1,241 | $14,892 |
| 2-Bedroom | $1,360 | $16,320 |
| 3-Bedroom | $1,891 | $22,692 |
| 4-Bedroom | $2,171 | $26,052 |
Recent 2-Bedroom FMR Trend
FY2020 $793 → FY2026 $1,360
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $1,019 | $1,241 | $1,360 | $1,891 | $2,171 |
| FY2025 | $967 | $1,190 | $1,318 | $1,746 | $1,975 |
| FY2024 | $658 | $806 | $905 | $1,221 | $1,367 |
| FY2023 | $596 | $694 | $826 | $1,140 | $1,390 |
| FY2022 | $535 | $592 | $757 | $1,053 | $1,296 |
| FY2021 | $543 | $598 | $775 | $1,001 | $1,342 |
| FY2020 | $517 | $602 | $793 | $988 | $1,392 |
View full FMR history back to FY2000 →
FY2026 Income Limits
Area Median Income (AMI): $90,100
| AMI Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI (Extremely Low) | $19,150 | $21,850 | $27,320 | $33,000 | $38,680 | $44,360 |
| 50% AMI (Very Low) | $31,850 | $36,400 | $40,950 | $45,500 | $49,150 | $52,800 |
| 80% AMI (Low) | $51,000 | $58,250 | $65,550 | $72,800 | $78,650 | $84,450 |
Full income limits table (all 8 household sizes) →
Affordability Snapshot
2BR Annual FMR
$16,320/yr
FMR as % of Area Median Income
18.1% of AMI
Under 30% — affordable at median income
Income Needed (30% rule, 2BR)
$54,400/yr
$4,533/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 | $788 | $901 | $1,013 | $1,216 | $1,306 |
| 60% AMI Maximum | $946 | $1,081 | $1,216 | $1,459 | $1,567 |
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 | $1,019 | $1,241 | $1,360 | $1,464 | $1,464 |
| Low HOME Rent | $796 | $910 | $1,023 | $1,137 | $1,228 |
Compare Teton County, MT With Other MT Metros
vs. Billings, MT HUD Metro FMR Area
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vs. Golden Valley County, MT HUD Metro FMR Area
vs. Great Falls, MT MSA