What is the Fair Market Rent for a 2-bedroom in Salt Lake City, UT HUD Metro FMR Area?

The HUD Fair Market Rent for a 2-bedroom unit in Salt Lake City, UT HUD Metro FMR Area is $1,747 per month for fiscal year 2026. The studio FMR is $1,259, 1-bedroom is $1,456, 3-bedroom is $2,333, and 4-bedroom is $2,666.

What income do you need to afford the FMR in Salt Lake City, UT HUD Metro FMR Area?

Using the standard 30%-of-income affordability rule, a household would need to earn about $69,880 per year ($5,823 per month) to afford the FY2026 2-bedroom Fair Market Rent of $1,747 in Salt Lake City, UT HUD Metro FMR Area.

FY2026 Fair Market Rents — Salt Lake City, UT HUD Metro FMR Area

The HUD-published Fair Market Rents for FY2026 in this area are:

Studio

$1,259

1BR

$1,456

2BR

$1,747

3BR

$2,333

4BR

$2,666

Hours/week at min wage

186 hrs

to afford the 2BR FMR @ $7.25/hr (federal)

National rank

#117

of 661 U.S. metros (top 19% most expensive)

YoY change (2BR)

-0.1%

$1 vs FY2025 · 5-yr +45.1%

Voucher payment standard

$1,572–$1,922

PHAs set HCV payment at 90–110% of the 2BR FMR

Salt Lake City, UT HUD Metro FMR Area

Metropolitan area · UT · View full history · Income limits · LIHTC rents

FY2026 Fair Market Rents

Bedroom Size	Monthly FMR	Annual Equivalent
Efficiency (Studio)	$1,259	$15,108
1-Bedroom	$1,456	$17,472
2-Bedroom	$1,747	$20,964
3-Bedroom	$2,333	$27,996
4-Bedroom	$2,666	$31,992

Recent 2-Bedroom FMR Trend

FY2020 $1,176 → FY2026 $1,747

Fiscal Year	Studio	1BR	2BR	3BR	4BR
FY2026	$1,259	$1,456	$1,747	$2,333	$2,666
FY2025	$1,243	$1,453	$1,748	$2,348	$2,670
FY2024	$1,121	$1,338	$1,606	$2,168	$2,452
FY2023	$1,051	$1,258	$1,504	$2,061	$2,308
FY2022	$924	$1,112	$1,327	$1,843	$2,066
FY2021	$829	$1,001	$1,204	$1,690	$1,892
FY2020	$790	$964	$1,176	$1,649	$1,870

View full FMR history back to FY2000 →

FY2026 Income Limits

Area Median Income (AMI): $126,100

AMI Level	1p	2p	3p	4p	5p	6p
30% AMI (Extremely Low)	$26,500	$30,300	$34,100	$37,850	$40,900	$44,360
50% AMI (Very Low)	$44,150	$50,450	$56,750	$63,050	$68,100	$73,150
80% AMI (Low)	$70,650	$80,750	$90,850	$100,900	$109,000	$117,050

Full income limits table (all 8 household sizes) →

Affordability Snapshot

2BR Annual FMR

$20,964/yr

FMR as % of Area Median Income

16.6% of AMI

Under 30% — affordable at median income

Income Needed (30% rule, 2BR)

$69,880/yr

$5,823/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	$1,103	$1,261	$1,418	$1,702	$1,828
60% AMI Maximum	$1,324	$1,513	$1,702	$2,042	$2,194

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	$1,259	$1,456	$1,747	$2,049	$2,049
Low HOME Rent	$1,103	$1,261	$1,418	$1,576	$1,702

Compare Salt Lake City, UT HUD Metro FMR Area With Other UT Metros

vs. Box Elder County, UT HUD Metro FMR Area vs. Ogden-Clearfield, UT HUD Metro FMR Area vs. Provo-Orem, UT MSA vs. St. George, UT MSA vs. Tooele County, UT HUD Metro FMR Area

Counties in This FMR Area

Salt Lake County