What is the Fair Market Rent for a 2-bedroom in The Villages, FL MSA?

The HUD Fair Market Rent for a 2-bedroom unit in The Villages, FL MSA is $1,371 per month for fiscal year 2025. The studio FMR is $1,038, 1-bedroom is $1,045, 3-bedroom is $1,705, and 4-bedroom is $2,039.

What income do you need to afford the FMR in The Villages, FL MSA?

Using the standard 30%-of-income affordability rule, a household would need to earn about $54,840 per year ($4,570 per month) to afford the FY2025 2-bedroom Fair Market Rent of $1,371 in The Villages, FL MSA.

FY2025 Fair Market Rents — The Villages, FL MSA

The HUD-published Fair Market Rents for FY2025 in this area are:

Studio

$1,038

1BR

$1,045

2BR

$1,371

3BR

$1,705

4BR

$2,039

Hours/week at min wage

76 hrs

to afford the 2BR FMR @ $14.00/hr (FL)

National rank

#214

of 639 U.S. metros (top 34% most expensive)

YoY change (2BR)

+9.7%

+$121 vs FY2024 · 5-yr +57.9%

Voucher payment standard

$1,234–$1,508

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

The Villages, FL MSA

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

FY2025 Fair Market Rents

Bedroom Size	Monthly FMR	Annual Equivalent
Efficiency (Studio)	$1,038	$12,456
1-Bedroom	$1,045	$12,540
2-Bedroom	$1,371	$16,452
3-Bedroom	$1,705	$20,460
4-Bedroom	$2,039	$24,468

Recent 2-Bedroom FMR Trend

FY2019 $847 → FY2025 $1,371

Fiscal Year	Studio	1BR	2BR	3BR	4BR
FY2025	$1,038	$1,045	$1,371	$1,705	$2,039
FY2024	$945	$951	$1,250	$1,572	$1,665
FY2023	$825	$830	$1,093	$1,411	$1,468
FY2022	$751	$756	$995	$1,344	$1,349
FY2021	$716	$718	$946	$1,278	$1,283
FY2020	$652	$659	$868	$1,172	$1,176
FY2019	$626	$640	$847	$1,152	$1,157

View full FMR history back to FY2000 →

FY2024 Income Limits

Area Median Income (AMI): $88,300

AMI Level	1p	2p	3p	4p	5p	6p
30% AMI (Extremely Low)	$18,450	$21,050	$25,820	$31,200	$36,580	$41,960
50% AMI (Very Low)	$30,650	$35,050	$39,450	$43,800	$47,350	$50,850
80% AMI (Low)	$49,100	$56,100	$63,100	$70,100	$75,700	$81,300

Full income limits table (all 8 household sizes) →

Affordability Snapshot

2BR Annual FMR

$16,452/yr

FMR as % of Area Median Income

18.6% of AMI

Under 30% — affordable at median income

Income Needed (30% rule, 2BR)

$54,840/yr

$4,570/mo gross income

FY2024 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	$772	$883	$993	$1,192	$1,280
60% AMI Maximum	$927	$1,059	$1,192	$1,430	$1,536

FY2024 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	$945	$951	$1,250	$1,434	$1,434
Low HOME Rent	$766	$876	$986	$1,095	$1,183

Compare The Villages, FL MSA With Other FL Metros

vs. Baker County, FL HUD Metro FMR Area vs. Cape Coral-Fort Myers, FL MSA vs. Crestview-Fort Walton Beach-Destin, FL HUD Metro FMR Area vs. Deltona-Daytona Beach-Ormond Beach, FL HUD Metro FMR Area vs. Fort Lauderdale, FL HUD Metro FMR Area