FY2026 Fair Market Rents — Montgomery County
Studio
$860
1BR
$870
2BR
$1,016
3BR
$1,304
4BR
$1,537
Montgomery County, Alabama
FIPS 01101 · County-level FMR and income limit data
FMR Area: Montgomery, AL MSA
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $860 | $10,320 |
| 1-Bedroom | $870 | $10,440 |
| 2-Bedroom | $1,016 | $12,192 |
| 3-Bedroom | $1,304 | $15,648 |
| 4-Bedroom | $1,537 | $18,444 |
To afford the FY2026 2-bedroom FMR of $1,016/mo under the 30%-of-income rule, a household needs about
$40,640/yr ($3,387/mo). Area Median Income is $88,800.
At AL's federal minimum wage of $7.25/hr, a worker would need to work 108 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $860 | $870 | $1,016 | $1,304 | $1,537 |
| FY2025 | $848 | $888 | $1,055 | $1,345 | $1,665 |
| FY2024 | $836 | $913 | $1,092 | $1,383 | $1,753 |
| FY2023 | $716 | $817 | $977 | $1,241 | $1,595 |
| FY2022 | $643 | $764 | $914 | $1,156 | $1,494 |
| FY2021 | $640 | $766 | $908 | $1,148 | $1,520 |
| FY2020 | $583 | $702 | $830 | $1,047 | $1,425 |
FY2026 Income Limits
Area Median Income: $88,800
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $18,700 | $21,640 | $27,320 | $33,000 | $38,680 | $44,360 |
| 50% AMI | $31,100 | $35,550 | $40,000 | $44,400 | $48,000 | $51,550 |
| 80% AMI | $49,750 | $56,850 | $63,950 | $71,050 | $76,750 | $82,450 |