FY2026 Fair Market Rents — Reno, NV MSA
The HUD-published Fair Market Rents for FY2026 in this area are:
Studio
$1,289
1BR
$1,489
2BR
$1,870
3BR
$2,539
4BR
$2,949
Hours/week at min wage
120 hrs
to afford the 2BR FMR @ $12.00/hr (NV)
National rank
#73
of 661 U.S. metros (top 12% most expensive)
YoY change (2BR)
+8.6%
+$148 vs FY2025 · 5-yr +53.7%
Voucher payment standard
$1,683–$2,057
PHAs set HCV payment at 90–110% of the 2BR FMR
Reno, NV MSA
Metropolitan area · NV · View full history · Income limits · LIHTC rents
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $1,289 | $15,468 |
| 1-Bedroom | $1,489 | $17,868 |
| 2-Bedroom | $1,870 | $22,440 |
| 3-Bedroom | $2,539 | $30,468 |
| 4-Bedroom | $2,949 | $35,388 |
Recent 2-Bedroom FMR Trend
FY2020 $1,071 → FY2026 $1,870
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $1,289 | $1,489 | $1,870 | $2,539 | $2,949 |
| FY2025 | $1,181 | $1,370 | $1,722 | $2,384 | $2,788 |
| FY2024 | $1,072 | $1,257 | $1,582 | $2,229 | $2,669 |
| FY2023 | $1,060 | $1,256 | $1,585 | $2,253 | $2,700 |
| FY2022 | $926 | $1,108 | $1,394 | $1,980 | $2,386 |
| FY2021 | $803 | $964 | $1,217 | $1,742 | $2,107 |
| FY2020 | $698 | $846 | $1,071 | $1,545 | $1,880 |
View full FMR history back to FY2000 →
FY2026 Income Limits
Area Median Income (AMI): $116,800
| AMI Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI (Extremely Low) | $24,550 | $28,050 | $31,550 | $35,050 | $38,680 | $44,360 |
| 50% AMI (Very Low) | $40,900 | $46,750 | $52,600 | $58,400 | $63,100 | $67,750 |
| 80% AMI (Low) | $65,450 | $74,800 | $84,150 | $93,450 | $100,950 | $108,450 |
Full income limits table (all 8 household sizes) →
Affordability Snapshot
2BR Annual FMR
$22,440/yr
FMR as % of Area Median Income
19.2% of AMI
Under 30% — affordable at median income
Income Needed (30% rule, 2BR)
$74,800/yr
$6,233/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 | $1,022 | $1,168 | $1,314 | $1,576 | $1,693 |
| 60% AMI Maximum | $1,226 | $1,401 | $1,576 | $1,892 | $2,032 |
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 | $1,289 | $1,489 | $1,870 | $1,898 | $1,898 |
| Low HOME Rent | $1,022 | $1,168 | $1,315 | $1,460 | $1,577 |
Compare Reno, NV MSA With Other NV Metros
vs. Carson City, NV MSA
vs. Las Vegas-Henderson-Paradise, NV MSA
vs. Lyon County, NV HUD Metro FMR Area