What is the Fair Market Rent for a 2-bedroom in Urban Honolulu, HI MSA?

The HUD Fair Market Rent for a 2-bedroom unit in Urban Honolulu, HI MSA is $2,642 per month for fiscal year 2026. The studio FMR is $1,877, 1-bedroom is $2,016, 3-bedroom is $3,674, and 4-bedroom is $4,432.

What income do you need to afford the FMR in Urban Honolulu, HI MSA?

Using the standard 30%-of-income affordability rule, a household would need to earn about $105,680 per year ($8,807 per month) to afford the FY2026 2-bedroom Fair Market Rent of $2,642 in Urban Honolulu, HI MSA.

FY2026 Fair Market Rents — Urban Honolulu, HI MSA

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

Studio

$1,877

1BR

$2,016

2BR

$2,642

3BR

$3,674

4BR

$4,432

Hours/week at min wage

146 hrs

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

National rank

#19

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

YoY change (2BR)

-1.7%

$45 vs FY2025 · 5-yr +27.4%

Voucher payment standard

$2,378–$2,906

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

Urban Honolulu, HI MSA

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

FY2026 Fair Market Rents

Bedroom Size	Monthly FMR	Annual Equivalent
Efficiency (Studio)	$1,877	$22,524
1-Bedroom	$2,016	$24,192
2-Bedroom	$2,642	$31,704
3-Bedroom	$3,674	$44,088
4-Bedroom	$4,432	$53,184

Recent 2-Bedroom FMR Trend

FY2020 $2,160 → FY2026 $2,642

Fiscal Year	Studio	1BR	2BR	3BR	4BR
FY2026	$1,877	$2,016	$2,642	$3,674	$4,432
FY2025	$1,887	$2,052	$2,687	$3,765	$4,512
FY2024	$1,573	$1,720	$2,252	$3,174	$3,822
FY2023	$1,563	$1,716	$2,247	$3,193	$3,827
FY2022	$1,552	$1,705	$2,240	$3,182	$3,834
FY2021	$1,433	$1,577	$2,073	$2,967	$3,589
FY2020	$1,473	$1,640	$2,160	$3,116	$3,792

View full FMR history back to FY2000 →

FY2026 Income Limits

Area Median Income (AMI): $133,400

AMI Level	1p	2p	3p	4p	5p	6p
30% AMI (Extremely Low)	$32,350	$37,000	$41,600	$46,200	$49,900	$53,600
50% AMI (Very Low)	$53,900	$61,600	$69,300	$77,000	$83,200	$89,350
80% AMI (Low)	$86,250	$98,600	$110,900	$123,200	$133,100	$142,950

Full income limits table (all 8 household sizes) →

Affordability Snapshot

2BR Annual FMR

$31,704/yr

FMR as % of Area Median Income

23.8% of AMI

Under 30% — affordable at median income

Income Needed (30% rule, 2BR)

$105,680/yr

$8,807/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	$1,167	$1,334	$1,500	$1,800	$1,934
60% AMI Maximum	$1,400	$1,600	$1,800	$2,161	$2,321

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	$1,877	$2,016	$2,167	$2,167	$2,167
Low HOME Rent	$1,347	$1,540	$1,732	$1,925	$2,080

Small Area FMRs by ZIP Code

This metro publishes ZIP-level Small Area Fair Market Rents. Metro-wide 2BR FMR: $2,642. About SAFMRs →

Highest-cost ZIPs (2BR SAFMR)

96825	$3,960
96734	$3,610
96863	$3,610
96821	$3,550
96818	$3,410

Lowest-cost ZIPs (2BR SAFMR)

96795	$2,060
96817	$2,170
96731	$2,200
96730	$2,240
96813	$2,290

All 60 ZIP codes in this area

96701 96706 96707 96709 96712 96717 96730 96731 96734 96744 96759 96762 96782 96786 96789 96791 96792 96795 96797 96801 96802 96803 96804 96805 96806 96807 96808 96809 96810 96811 96812 96813 96814 96815 96816 96817 96818 96819 96820 96821 96822 96823 96824 96825 96826 96828 96830 96836 96837 96839 96848 96850 96853 96854 96857 96858 96859 96860 96861 96863

Compare Urban Honolulu, HI MSA With Other HI Metros

vs. Kahului-Wailuku-Lahaina, HI MSA vs. Kalawao County, HI HUD Metro FMR Area vs. Maui County, HI HUD Metro FMR Area

Counties in This FMR Area

Honolulu County