What is the Fair Market Rent for a 2-bedroom in San Luis Obispo-Paso Robles-Arroyo Grande, CA MSA?

The HUD Fair Market Rent for a 2-bedroom unit in San Luis Obispo-Paso Robles-Arroyo Grande, CA MSA is $2,671 per month for fiscal year 2026. The studio FMR is $1,842, 1-bedroom is $2,036, 3-bedroom is $3,584, and 4-bedroom is $4,105.

What income do you need to afford the FMR in San Luis Obispo-Paso Robles-Arroyo Grande, CA MSA?

Using the standard 30%-of-income affordability rule, a household would need to earn about $106,840 per year ($8,903 per month) to afford the FY2026 2-bedroom Fair Market Rent of $2,671 in San Luis Obispo-Paso Robles-Arroyo Grande, CA MSA.

FY2026 Fair Market Rents — San Luis Obispo-Paso Robles-Arroyo Grande, CA MSA

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

Studio

$1,842

1BR

$2,036

2BR

$2,671

3BR

$3,584

4BR

$4,105

Hours/week at min wage

125 hrs

to afford the 2BR FMR @ $16.50/hr (CA)

National rank

#18

of 661 U.S. metros (top 4% most expensive)

YoY change (2BR)

+9.7%

+$237 vs FY2025 · 5-yr +60.4%

Voucher payment standard

$2,404–$2,938

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

San Luis Obispo-Paso Robles-Arroyo Grande, CA MSA

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

FY2026 Fair Market Rents

Bedroom Size	Monthly FMR	Annual Equivalent
Efficiency (Studio)	$1,842	$22,104
1-Bedroom	$2,036	$24,432
2-Bedroom	$2,671	$32,052
3-Bedroom	$3,584	$43,008
4-Bedroom	$4,105	$49,260

Recent 2-Bedroom FMR Trend

FY2020 $1,657 → FY2026 $2,671

Fiscal Year	Studio	1BR	2BR	3BR	4BR
FY2026	$1,842	$2,036	$2,671	$3,584	$4,105
FY2025	$1,669	$1,855	$2,434	$3,250	$3,683
FY2024	$1,541	$1,731	$2,274	$3,045	$3,465
FY2023	$1,394	$1,561	$2,055	$2,834	$3,155
FY2022	$1,308	$1,436	$1,890	$2,685	$3,047
FY2021	$1,166	$1,263	$1,665	$2,383	$2,877
FY2020	$1,153	$1,275	$1,657	$2,390	$2,909

View full FMR history back to FY2000 →

FY2026 Income Limits

Area Median Income (AMI): $129,600

AMI Level	1p	2p	3p	4p	5p	6p
30% AMI (Extremely Low)	$32,100	$36,700	$41,300	$45,850	$49,550	$53,200
50% AMI (Very Low)	$53,500	$61,150	$68,800	$76,450	$82,550	$88,700
80% AMI (Low)	$85,700	$97,950	$110,200	$122,400	$132,200	$142,000

Full income limits table (all 8 household sizes) →

Affordability Snapshot

2BR Annual FMR

$32,052/yr

FMR as % of Area Median Income

24.7% of AMI

Under 30% — affordable at median income

Income Needed (30% rule, 2BR)

$106,840/yr

$8,903/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	$1,134	$1,296	$1,458	$1,749	$1,879
60% AMI Maximum	$1,360	$1,555	$1,749	$2,099	$2,255

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	$1,842	$2,036	$2,106	$2,106	$2,106
Low HOME Rent	$1,337	$1,528	$1,720	$1,911	$2,063

Compare San Luis Obispo-Paso Robles-Arroyo Grande, CA MSA With Other CA Metros

vs. Bakersfield, CA MSA vs. Chico, CA MSA vs. El Centro, CA MSA vs. Fresno, CA MSA vs. Hanford-Corcoran, CA MSA

Counties in This FMR Area

San Luis Obispo County