FY2026 Fair Market Rents — New York, NY HUD Metro FMR Area
The HUD-published Fair Market Rents for FY2026 in this area are:
Studio
$2,529
1BR
$2,655
2BR
$2,910
3BR
$3,644
4BR
$3,959
Hours/week at min wage
136 hrs
to afford the 2BR FMR @ $16.50/hr (NY)
National rank
#10
of 661 U.S. metros (top 2% most expensive)
YoY change (2BR)
+4.7%
+$130 vs FY2025 · 5-yr +41.7%
Voucher payment standard
$2,619–$3,201
PHAs set HCV payment at 90–110% of the 2BR FMR
New York, NY HUD Metro FMR Area
Metropolitan area · NY · View full history · Income limits · LIHTC rents
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $2,529 | $30,348 |
| 1-Bedroom | $2,655 | $31,860 |
| 2-Bedroom | $2,910 | $34,920 |
| 3-Bedroom | $3,644 | $43,728 |
| 4-Bedroom | $3,959 | $47,508 |
Recent 2-Bedroom FMR Trend
FY2020 $1,951 → FY2026 $2,910
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $2,529 | $2,655 | $2,910 | $3,644 | $3,959 |
| FY2025 | $2,406 | $2,511 | $2,780 | $3,465 | $3,738 |
| FY2024 | $2,386 | $2,451 | $2,752 | $3,434 | $3,700 |
| FY2023 | $2,123 | $2,170 | $2,451 | $3,078 | $3,316 |
| FY2022 | $2,018 | $2,054 | $2,340 | $2,952 | $3,173 |
| FY2021 | $1,760 | $1,801 | $2,053 | $2,598 | $2,784 |
| FY2020 | $1,665 | $1,714 | $1,951 | $2,472 | $2,643 |
View full FMR history back to FY2000 →
FY2026 Income Limits
Area Median Income (AMI): $104,300
| AMI Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI (Extremely Low) | $35,650 | $40,750 | $45,850 | $50,900 | $55,000 | $59,050 |
| 50% AMI (Very Low) | $59,400 | $67,850 | $76,350 | $84,800 | $91,600 | $98,400 |
| 80% AMI (Low) | $95,000 | $108,600 | $122,150 | $135,700 | $146,600 | $157,450 |
Full income limits table (all 8 household sizes) →
Affordability Snapshot
2BR Annual FMR
$34,920/yr
FMR as % of Area Median Income
33.5% of AMI
Above 30% — cost-burdened at median income
Income Needed (30% rule, 2BR)
$116,400/yr
$9,700/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 | $912 | $1,043 | $1,173 | $1,408 | $1,512 |
| 60% AMI Maximum | $1,095 | $1,251 | $1,408 | $1,689 | $1,814 |
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 | $1,694 | $1,694 | $1,694 | $1,694 | $1,694 |
| Low HOME Rent | $1,485 | $1,696 | $1,908 | $2,120 | $2,290 |
Compare New York, NY HUD Metro FMR Area With Other NY Metros
vs. Albany-Schenectady-Troy, NY MSA
vs. Binghamton, NY MSA
vs. Buffalo-Cheektowaga-Niagara Falls, NY MSA
vs. Elmira, NY MSA
vs. Glens Falls, NY MSA