FY2026 Fair Market Rents — Montgomery, AL MSA
The HUD-published Fair Market Rents for FY2026 in this area are:
Studio
$860
1BR
$870
2BR
$1,016
3BR
$1,304
4BR
$1,537
Hours/week at min wage
108 hrs
to afford the 2BR FMR @ $7.25/hr (federal)
National rank
#534
of 661 U.S. metros (top 82% most expensive)
YoY change (2BR)
-3.7%
$39 vs FY2025 · 5-yr +11.9%
Voucher payment standard
$914–$1,118
PHAs set HCV payment at 90–110% of the 2BR FMR
Montgomery, AL MSA
Metropolitan area · AL · View full history · Income limits · LIHTC rents
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $860 | $10,320 |
| 1-Bedroom | $870 | $10,440 |
| 2-Bedroom | $1,016 | $12,192 |
| 3-Bedroom | $1,304 | $15,648 |
| 4-Bedroom | $1,537 | $18,444 |
Recent 2-Bedroom FMR Trend
FY2020 $830 → FY2026 $1,016
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $860 | $870 | $1,016 | $1,304 | $1,537 |
| FY2025 | $848 | $888 | $1,055 | $1,345 | $1,665 |
| FY2024 | $836 | $913 | $1,092 | $1,383 | $1,753 |
| FY2023 | $716 | $817 | $977 | $1,241 | $1,595 |
| FY2022 | $643 | $764 | $914 | $1,156 | $1,494 |
| FY2021 | $640 | $766 | $908 | $1,148 | $1,520 |
| FY2020 | $583 | $702 | $830 | $1,047 | $1,425 |
View full FMR history back to FY2000 →
FY2026 Income Limits
Area Median Income (AMI): $88,800
| AMI Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI (Extremely Low) | $18,700 | $21,640 | $27,320 | $33,000 | $38,680 | $44,360 |
| 50% AMI (Very Low) | $31,100 | $35,550 | $40,000 | $44,400 | $48,000 | $51,550 |
| 80% AMI (Low) | $49,750 | $56,850 | $63,950 | $71,050 | $76,750 | $82,450 |
Full income limits table (all 8 household sizes) →
Affordability Snapshot
2BR Annual FMR
$12,192/yr
FMR as % of Area Median Income
13.7% of AMI
Under 30% — affordable at median income
Income Needed (30% rule, 2BR)
$40,640/yr
$3,387/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 | $776 | $888 | $999 | $1,198 | $1,287 |
| 60% AMI Maximum | $932 | $1,065 | $1,198 | $1,438 | $1,545 |
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 | $860 | $870 | $1,016 | $1,304 | $1,443 |
| Low HOME Rent | $777 | $888 | $1,000 | $1,110 | $1,200 |
Compare Montgomery, AL MSA With Other AL Metros
vs. Anniston-Oxford-Jacksonville, AL MSA
vs. Auburn-Opelika, AL MSA
vs. Birmingham-Hoover, AL HUD Metro FMR Area
vs. Chilton County, AL HUD Metro FMR Area
vs. Columbus, GA-AL MSA