FY2026 Fair Market Rents — Phoenix-Mesa-Scottsdale, AZ MSA
The HUD-published Fair Market Rents for FY2026 in this area are:
Studio
$1,457
1BR
$1,583
2BR
$1,839
3BR
$2,452
4BR
$2,720
Hours/week at min wage
97 hrs
to afford the 2BR FMR @ $14.70/hr (AZ)
National rank
#85
of 661 U.S. metros (top 14% most expensive)
YoY change (2BR)
-5.7%
$111 vs FY2025 · 5-yr +47%
Voucher payment standard
$1,655–$2,023
PHAs set HCV payment at 90–110% of the 2BR FMR
Phoenix-Mesa-Scottsdale, AZ MSA
Metropolitan area · AZ · View full history · Income limits · LIHTC rents
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $1,457 | $17,484 |
| 1-Bedroom | $1,583 | $18,996 |
| 2-Bedroom | $1,839 | $22,068 |
| 3-Bedroom | $2,452 | $29,424 |
| 4-Bedroom | $2,720 | $32,640 |
Recent 2-Bedroom FMR Trend
FY2020 $1,173 → FY2026 $1,839
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $1,457 | $1,583 | $1,839 | $2,452 | $2,720 |
| FY2025 | $1,530 | $1,679 | $1,950 | $2,624 | $2,934 |
| FY2024 | $1,460 | $1,599 | $1,877 | $2,541 | $2,890 |
| FY2023 | $1,344 | $1,467 | $1,740 | $2,386 | $2,716 |
| FY2022 | $1,005 | $1,091 | $1,311 | $1,825 | $2,078 |
| FY2021 | $933 | $1,032 | $1,251 | $1,765 | $2,010 |
| FY2020 | $847 | $958 | $1,173 | $1,676 | $1,916 |
View full FMR history back to FY2000 →
FY2026 Income Limits
Area Median Income (AMI): $112,400
| AMI Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI (Extremely Low) | $23,600 | $27,000 | $30,350 | $33,700 | $38,680 | $44,360 |
| 50% AMI (Very Low) | $39,350 | $45,000 | $50,600 | $56,200 | $60,700 | $65,200 |
| 80% AMI (Low) | $62,950 | $71,950 | $80,950 | $89,900 | $97,100 | $104,300 |
Full income limits table (all 8 household sizes) →
Affordability Snapshot
2BR Annual FMR
$22,068/yr
FMR as % of Area Median Income
19.6% of AMI
Under 30% — affordable at median income
Income Needed (30% rule, 2BR)
$73,560/yr
$6,130/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 | $983 | $1,124 | $1,264 | $1,517 | $1,629 |
| 60% AMI Maximum | $1,180 | $1,348 | $1,517 | $1,820 | $1,955 |
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 | $1,457 | $1,583 | $1,826 | $1,826 | $1,826 |
| Low HOME Rent | $983 | $1,125 | $1,265 | $1,405 | $1,517 |
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