FY2026 Fair Market Rents — El Paso County
Studio
$1,196
1BR
$1,464
2BR
$1,735
3BR
$2,413
4BR
$2,744
El Paso County, Colorado
FIPS 08041 · County-level FMR and income limit data
FMR Area: Colorado Springs, CO HUD Metro FMR Area
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $1,196 | $14,352 |
| 1-Bedroom | $1,464 | $17,568 |
| 2-Bedroom | $1,735 | $20,820 |
| 3-Bedroom | $2,413 | $28,956 |
| 4-Bedroom | $2,744 | $32,928 |
To afford the FY2026 2-bedroom FMR of $1,735/mo under the 30%-of-income rule, a household needs about
$69,400/yr ($5,783/mo). Area Median Income is $116,400.
At CO's state minimum wage of $14.81/hr, a worker would need to work 91 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $1,196 | $1,464 | $1,735 | $2,413 | $2,744 |
| FY2025 | $1,219 | $1,472 | $1,778 | $2,491 | $2,846 |
| FY2024 | $1,190 | $1,408 | $1,734 | $2,444 | $2,875 |
| FY2023 | $1,020 | $1,183 | $1,484 | $2,109 | $2,528 |
| FY2022 | $885 | $1,033 | $1,302 | $1,849 | $2,229 |
| FY2021 | $797 | $949 | $1,200 | $1,717 | $2,078 |
| FY2020 | $743 | $897 | $1,141 | $1,646 | $2,003 |
FY2026 Income Limits
Area Median Income: $116,400
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $24,450 | $27,950 | $31,450 | $34,900 | $38,680 | $44,360 |
| 50% AMI | $40,750 | $46,600 | $52,400 | $58,200 | $62,900 | $67,550 |
| 80% AMI | $65,200 | $74,500 | $83,800 | $93,100 | $100,550 | $108,000 |