What is the Fair Market Rent for a 2-bedroom in Portland-Vancouver-Hillsboro, OR-WA MSA?

The HUD Fair Market Rent for a 2-bedroom unit in Portland-Vancouver-Hillsboro, OR-WA MSA is $1,922 per month for fiscal year 2026. The studio FMR is $1,570, 1-bedroom is $1,677, 3-bedroom is $2,619, and 4-bedroom is $3,109.

What income do you need to afford the FMR in Portland-Vancouver-Hillsboro, OR-WA MSA?

Using the standard 30%-of-income affordability rule, a household would need to earn about $76,880 per year ($6,407 per month) to afford the FY2026 2-bedroom Fair Market Rent of $1,922 in Portland-Vancouver-Hillsboro, OR-WA MSA.

FY2026 Fair Market Rents — Portland-Vancouver-Hillsboro, OR-WA MSA

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

Studio

$1,570

1BR

$1,677

2BR

$1,922

3BR

$2,619

4BR

$3,109

Hours/week at min wage

89 hrs

to afford the 2BR FMR @ $16.66/hr (WA)

YoY change (2BR)

-3.8%

$75 vs FY2025 · 5-yr +25.1%

Voucher payment standard

$1,730–$2,114

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

Portland-Vancouver-Hillsboro, OR-WA MSA

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

FY2026 Fair Market Rents

Bedroom Size	Monthly FMR	Annual Equivalent
Efficiency (Studio)	$1,570	$18,840
1-Bedroom	$1,677	$20,124
2-Bedroom	$1,922	$23,064
3-Bedroom	$2,619	$31,428
4-Bedroom	$3,109	$37,308

Recent 2-Bedroom FMR Trend

FY2020 $1,495 → FY2026 $1,922

Fiscal Year	Studio	1BR	2BR	3BR	4BR
FY2026	$1,570	$1,677	$1,922	$2,619	$3,109
FY2025	$1,628	$1,750	$1,997	$2,739	$3,217
FY2024	$1,650	$1,776	$2,024	$2,809	$3,254
FY2023	$1,500	$1,610	$1,839	$2,574	$2,995
FY2022	$1,416	$1,512	$1,735	$2,451	$2,903
FY2021	$1,245	$1,331	$1,536	$2,193	$2,657
FY2020	$1,192	$1,289	$1,495	$2,157	$2,625

View full FMR history back to FY2000 →

FY2026 Income Limits

Area Median Income (AMI): $128,300

AMI Level	1p	2p	3p	4p	5p	6p
30% AMI (Extremely Low)	$26,950	$30,800	$34,650	$38,500	$41,600	$44,700
50% AMI (Very Low)	$44,950	$51,350	$57,750	$64,150	$69,300	$74,450
80% AMI (Low)	$71,900	$82,150	$92,400	$102,650	$110,900	$119,100

Full income limits table (all 8 household sizes) →

Affordability Snapshot

2BR Annual FMR

$23,064/yr

FMR as % of Area Median Income

18% of AMI

Under 30% — affordable at median income

Income Needed (30% rule, 2BR)

$76,880/yr

$6,407/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	$1,122	$1,283	$1,443	$1,732	$1,860
60% AMI Maximum	$1,347	$1,539	$1,732	$2,078	$2,232

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	$1,570	$1,677	$1,922	$2,084	$2,084
Low HOME Rent	$1,123	$1,283	$1,443	$1,603	$1,732

Compare Portland-Vancouver-Hillsboro, OR-WA MSA With Other WA Metros

vs. Bellingham, WA MSA vs. Bremerton-Silverdale, WA MSA vs. Columbia County, WA HUD Metro FMR Area vs. Kennewick-Richland, WA MSA vs. Longview, WA MSA