FY2026 Fair Market Rents — Providence-Fall River, RI-MA HUD Metro FMR Area

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

Studio
$1,318
1BR
$1,402
2BR
$1,729
3BR
$2,087
4BR
$2,480
Hours/week at min wage
89 hrs
to afford the 2BR FMR @ $15.00/hr (RI)
YoY change (2BR)
+7.1%
+$115 vs FY2025 · 5-yr +50.6%
Voucher payment standard
$1,556–$1,902
PHAs set HCV payment at 90–110% of the 2BR FMR

Providence-Fall River, RI-MA HUD Metro FMR Area

Non-Metropolitan area · RI · View full history · Income limits · LIHTC rents

FY2026 Fair Market Rents

Bedroom Size Monthly FMR Annual Equivalent
Efficiency (Studio) $1,318 $15,816
1-Bedroom $1,402 $16,824
2-Bedroom $1,729 $20,748
3-Bedroom $2,087 $25,044
4-Bedroom $2,480 $29,760

Recent 2-Bedroom FMR Trend

FY2020 $1,075 → FY2026 $1,729
Fiscal Year Studio 1BR 2BR 3BR 4BR
FY2026 $1,318 $1,402 $1,729 $2,087 $2,480
FY2025 $1,233 $1,319 $1,614 $1,945 $2,359
FY2024 $1,289 $1,398 $1,693 $2,047 $2,536
FY2023 $1,066 $1,171 $1,409 $1,715 $2,118
FY2022 $913 $1,026 $1,234 $1,525 $1,868
FY2021 $848 $955 $1,148 $1,428 $1,714
FY2020 $794 $898 $1,075 $1,340 $1,591

View full FMR history back to FY2000 →

FY2026 Income Limits

Area Median Income (AMI): $112,100

AMI Level 1p 2p 3p 4p 5p 6p
30% AMI (Extremely Low) $23,600 $26,950 $30,300 $33,650 $38,680 $44,360
50% AMI (Very Low) $39,250 $44,850 $50,450 $56,050 $60,550 $65,050
80% AMI (Low) $62,800 $71,800 $80,750 $89,700 $96,900 $104,100

Full income limits table (all 8 household sizes) →

Affordability Snapshot

2BR Annual FMR
$20,748/yr
FMR as % of Area Median Income
18.5% of AMI
Under 30% — affordable at median income
Income Needed (30% rule, 2BR)
$69,160/yr
$5,763/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 $980 $1,121 $1,261 $1,513 $1,625
60% AMI Maximum $1,177 $1,345 $1,513 $1,816 $1,950

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 $1,318 $1,402 $1,729 $1,821 $1,821
Low HOME Rent $981 $1,121 $1,261 $1,401 $1,513

Compare Providence-Fall River, RI-MA HUD Metro FMR Area With Other RI Metros

vs. Newport-Middleton-Portsmouth, RI HUD Metro FMR Area vs. Westerly-Hopkinton-New Shoreham, RI HUD Metro FMR Area

Counties in This FMR Area

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