FY2026 Fair Market Rents — Morgan County
Studio
$878
1BR
$884
2BR
$1,160
3BR
$1,606
4BR
$1,824
Morgan County, Colorado
FIPS 08087 · County-level FMR and income limit data
FMR Area: Morgan County, CO
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $878 | $10,536 |
| 1-Bedroom | $884 | $10,608 |
| 2-Bedroom | $1,160 | $13,920 |
| 3-Bedroom | $1,606 | $19,272 |
| 4-Bedroom | $1,824 | $21,888 |
To afford the FY2026 2-bedroom FMR of $1,160/mo under the 30%-of-income rule, a household needs about
$46,400/yr ($3,867/mo). Area Median Income is $87,100.
At CO's state minimum wage of $14.81/hr, a worker would need to work 61 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $878 | $884 | $1,160 | $1,606 | $1,824 |
| FY2025 | $802 | $891 | $1,169 | $1,532 | $1,878 |
| FY2024 | $845 | $948 | $1,246 | $1,639 | $2,013 |
| FY2023 | $736 | $819 | $1,078 | $1,443 | $1,726 |
| FY2022 | $715 | $788 | $1,037 | $1,373 | $1,617 |
| FY2021 | $607 | $681 | $898 | $1,160 | $1,384 |
| FY2020 | $515 | $601 | $791 | $997 | $1,187 |
FY2026 Income Limits
Area Median Income: $87,100
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $20,450 | $23,400 | $27,320 | $33,000 | $38,680 | $44,360 |
| 50% AMI | $34,100 | $39,000 | $43,850 | $48,700 | $52,600 | $56,500 |
| 80% AMI | $54,550 | $62,350 | $70,150 | $77,900 | $84,150 | $90,400 |