FY2026 Fair Market Rents — Cheyenne, WY MSA
The HUD-published Fair Market Rents for FY2026 in this area are:
Studio
$809
1BR
$917
2BR
$1,174
3BR
$1,633
4BR
$1,969
Hours/week at min wage
125 hrs
to afford the 2BR FMR @ $7.25/hr (federal)
YoY change (2BR)
+2.9%
+$33 vs FY2025 · 5-yr +32.4%
Voucher payment standard
$1,057–$1,291
PHAs set HCV payment at 90–110% of the 2BR FMR
Cheyenne, WY MSA
Non-Metropolitan area · WY · View full history · Income limits · LIHTC rents
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $809 | $9,708 |
| 1-Bedroom | $917 | $11,004 |
| 2-Bedroom | $1,174 | $14,088 |
| 3-Bedroom | $1,633 | $19,596 |
| 4-Bedroom | $1,969 | $23,628 |
Recent 2-Bedroom FMR Trend
FY2020 $950 → FY2026 $1,174
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $809 | $917 | $1,174 | $1,633 | $1,969 |
| FY2025 | $782 | $903 | $1,141 | $1,599 | $1,916 |
| FY2024 | $787 | $917 | $1,161 | $1,636 | $1,970 |
| FY2023 | $660 | $757 | $947 | $1,346 | $1,613 |
| FY2022 | $670 | $699 | $890 | $1,264 | $1,523 |
| FY2021 | $692 | $696 | $887 | $1,269 | $1,536 |
| FY2020 | $717 | $721 | $950 | $1,367 | $1,668 |
View full FMR history back to FY2000 →
FY2026 Income Limits
Area Median Income (AMI): $104,400
| AMI Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI (Extremely Low) | $21,950 | $25,050 | $28,200 | $33,000 | $38,680 | $44,360 |
| 50% AMI (Very Low) | $36,550 | $41,800 | $47,000 | $52,200 | $56,400 | $60,600 |
| 80% AMI (Low) | $58,450 | $66,800 | $75,150 | $83,500 | $90,200 | $96,900 |
Full income limits table (all 8 household sizes) →
Affordability Snapshot
2BR Annual FMR
$14,088/yr
FMR as % of Area Median Income
13.5% of AMI
Under 30% — affordable at median income
Income Needed (30% rule, 2BR)
$46,960/yr
$3,913/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 | $913 | $1,044 | $1,174 | $1,409 | $1,513 |
| 60% AMI Maximum | $1,096 | $1,252 | $1,409 | $1,691 | $1,816 |
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 | $809 | $917 | $1,174 | $1,633 | $1,696 |
| Low HOME Rent | $913 | $1,045 | $1,175 | $1,305 | $1,410 |