What is the Fair Market Rent for a 2-bedroom in Burlington-South Burlington, VT MSA?

The HUD Fair Market Rent for a 2-bedroom unit in Burlington-South Burlington, VT MSA is $2,140 per month for fiscal year 2026. The studio FMR is $1,497, 1-bedroom is $1,651, 3-bedroom is $2,745, and 4-bedroom is $2,833.

What income do you need to afford the FMR in Burlington-South Burlington, VT MSA?

Using the standard 30%-of-income affordability rule, a household would need to earn about $85,600 per year ($7,133 per month) to afford the FY2026 2-bedroom Fair Market Rent of $2,140 in Burlington-South Burlington, VT MSA.

FY2026 Fair Market Rents — Burlington-South Burlington, VT MSA

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

Studio

$1,497

1BR

$1,651

2BR

$2,140

3BR

$2,745

4BR

$2,833

Hours/week at min wage

118 hrs

to afford the 2BR FMR @ $14.01/hr (VT)

YoY change (2BR)

+10.5%

+$204 vs FY2025 · 5-yr +31.4%

Voucher payment standard

$1,926–$2,354

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

Burlington-South Burlington, VT MSA

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

FY2026 Fair Market Rents

Bedroom Size	Monthly FMR	Annual Equivalent
Efficiency (Studio)	$1,497	$17,964
1-Bedroom	$1,651	$19,812
2-Bedroom	$2,140	$25,680
3-Bedroom	$2,745	$32,940
4-Bedroom	$2,833	$33,996

Recent 2-Bedroom FMR Trend

FY2020 $1,573 → FY2026 $2,140

Fiscal Year	Studio	1BR	2BR	3BR	4BR
FY2026	$1,497	$1,651	$2,140	$2,745	$2,833
FY2025	$1,380	$1,476	$1,936	$2,491	$2,567
FY2024	$1,341	$1,441	$1,887	$2,390	$2,513
FY2023	$1,139	$1,238	$1,615	$1,982	$2,170
FY2022	$1,033	$1,163	$1,500	$1,854	$2,034
FY2021	$1,091	$1,265	$1,628	$2,025	$2,208
FY2020	$1,030	$1,223	$1,573	$1,974	$2,131

View full FMR history back to FY2000 →

FY2026 Income Limits

Area Median Income (AMI): $123,400

AMI Level	1p	2p	3p	4p	5p	6p
30% AMI (Extremely Low)	$26,200	$29,950	$33,700	$37,400	$40,400	$44,360
50% AMI (Very Low)	$43,650	$49,900	$56,150	$62,350	$67,350	$72,350
80% AMI (Low)	$69,850	$79,800	$89,800	$99,750	$107,750	$115,750

Full income limits table (all 8 household sizes) →

Affordability Snapshot

2BR Annual FMR

$25,680/yr

FMR as % of Area Median Income

20.8% of AMI

Under 30% — affordable at median income

Income Needed (30% rule, 2BR)

$85,600/yr

$7,133/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	$1,079	$1,234	$1,388	$1,665	$1,789
60% AMI Maximum	$1,295	$1,480	$1,665	$1,999	$2,147

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	$1,497	$1,651	$2,005	$2,005	$2,005
Low HOME Rent	$1,091	$1,247	$1,403	$1,558	$1,683

Compare Burlington-South Burlington, VT MSA With Other VT Metros

vs. Burlington-South Burlington, VT MSA