FY2026 Fair Market Rents — Monterey County
Studio
$2,173
1BR
$2,232
2BR
$2,684
3BR
$3,623
4BR
$3,945
Monterey County, California
FIPS 06053 · County-level FMR and income limit data
FMR Area: Salinas, CA MSA
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $2,173 | $26,076 |
| 1-Bedroom | $2,232 | $26,784 |
| 2-Bedroom | $2,684 | $32,208 |
| 3-Bedroom | $3,623 | $43,476 |
| 4-Bedroom | $3,945 | $47,340 |
To afford the FY2026 2-bedroom FMR of $2,684/mo under the 30%-of-income rule, a household needs about
$107,360/yr ($8,947/mo). Area Median Income is $110,500.
At CA's state minimum wage of $16.50/hr, a worker would need to work 126 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $2,173 | $2,232 | $2,684 | $3,623 | $3,945 |
| FY2025 | $2,414 | $2,479 | $2,982 | $4,025 | $4,383 |
| FY2024 | $2,340 | $2,367 | $2,879 | $3,990 | $4,400 |
| FY2023 | $2,112 | $2,194 | $2,675 | $3,790 | $4,144 |
| FY2022 | $1,533 | $1,616 | $1,967 | $2,794 | $3,081 |
| FY2021 | $1,348 | $1,466 | $1,793 | $2,566 | $2,813 |
| FY2020 | $1,334 | $1,467 | $1,810 | $2,606 | $2,834 |
FY2026 Income Limits
Area Median Income: $110,500
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $32,850 | $37,550 | $42,250 | $46,900 | $50,700 | $54,450 |
| 50% AMI | $54,750 | $62,600 | $70,400 | $78,200 | $84,500 | $90,750 |
| 80% AMI | $87,600 | $100,100 | $112,600 | $125,100 | $135,150 | $145,150 |