FY2026 Fair Market Rents — Newark, NJ HUD Metro FMR Area
The HUD-published Fair Market Rents for FY2026 in this area are:
Studio
$1,612
1BR
$1,822
2BR
$2,205
3BR
$2,761
4BR
$3,137
Hours/week at min wage
110 hrs
to afford the 2BR FMR @ $15.49/hr (NJ)
National rank
#39
of 661 U.S. metros (top 7% most expensive)
YoY change (2BR)
+3%
+$65 vs FY2025 · 5-yr +34.2%
Voucher payment standard
$1,985–$2,426
PHAs set HCV payment at 90–110% of the 2BR FMR
Newark, NJ HUD Metro FMR Area
Metropolitan area · NJ · View full history · Income limits · LIHTC rents
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $1,612 | $19,344 |
| 1-Bedroom | $1,822 | $21,864 |
| 2-Bedroom | $2,205 | $26,460 |
| 3-Bedroom | $2,761 | $33,132 |
| 4-Bedroom | $3,137 | $37,644 |
Recent 2-Bedroom FMR Trend
FY2020 $1,483 → FY2026 $2,205
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $1,612 | $1,822 | $2,205 | $2,761 | $3,137 |
| FY2025 | $1,551 | $1,768 | $2,140 | $2,695 | $3,065 |
| FY2024 | $1,379 | $1,590 | $1,916 | $2,424 | $2,800 |
| FY2023 | $1,129 | $1,338 | $1,606 | $2,038 | $2,394 |
| FY2022 | $1,017 | $1,223 | $1,479 | $1,887 | $2,249 |
| FY2021 | $1,129 | $1,358 | $1,643 | $2,096 | $2,498 |
| FY2020 | $1,034 | $1,218 | $1,483 | $1,891 | $2,236 |
View full FMR history back to FY2000 →
FY2026 Income Limits
Area Median Income (AMI): $138,400
| AMI Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI (Extremely Low) | $29,050 | $33,200 | $37,350 | $41,500 | $44,850 | $48,150 |
| 50% AMI (Very Low) | $48,450 | $55,400 | $62,300 | $69,200 | $74,750 | $80,300 |
| 80% AMI (Low) | $74,800 | $85,450 | $96,150 | $106,800 | $115,350 | $123,900 |
Full income limits table (all 8 household sizes) →
Affordability Snapshot
2BR Annual FMR
$26,460/yr
FMR as % of Area Median Income
19.1% of AMI
Under 30% — affordable at median income
Income Needed (30% rule, 2BR)
$88,200/yr
$7,350/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 | $1,211 | $1,384 | $1,557 | $1,868 | $2,006 |
| 60% AMI Maximum | $1,453 | $1,660 | $1,868 | $2,242 | $2,408 |
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 | $1,612 | $1,822 | $2,205 | $2,249 | $2,249 |
| Low HOME Rent | $1,211 | $1,385 | $1,557 | $1,730 | $1,868 |
Compare Newark, NJ HUD Metro FMR Area With Other NJ Metros
vs. Atlantic City-Hammonton, NJ MSA
vs. Bergen-Passaic, NJ HUD Metro FMR Area
vs. Cape May County, NJ HUD Metro FMR Area
vs. Jersey City, NJ HUD Metro FMR Area
vs. Middlesex-Somerset-Hunterdon, NJ HUD Metro FMR Area