FY2026 Fair Market Rents — Franklin County
Studio
$1,033
1BR
$1,058
2BR
$1,186
3BR
$1,564
4BR
$1,570
Franklin County, Florida
FIPS 12037 · County-level FMR and income limit data
FMR Area: Franklin County, FL
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $1,033 | $12,396 |
| 1-Bedroom | $1,058 | $12,696 |
| 2-Bedroom | $1,186 | $14,232 |
| 3-Bedroom | $1,564 | $18,768 |
| 4-Bedroom | $1,570 | $18,840 |
To afford the FY2026 2-bedroom FMR of $1,186/mo under the 30%-of-income rule, a household needs about
$47,440/yr ($3,953/mo). Area Median Income is $82,300.
At FL's state minimum wage of $14.00/hr, a worker would need to work 66 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $1,033 | $1,058 | $1,186 | $1,564 | $1,570 |
| FY2025 | $880 | $885 | $1,019 | $1,356 | $1,362 |
| FY2024 | $792 | $814 | $914 | $1,273 | $1,277 |
| FY2023 | $719 | $735 | $830 | $1,180 | $1,414 |
| FY2022 | $653 | $664 | $757 | $1,075 | $1,296 |
| FY2021 | $645 | $661 | $753 | $1,078 | $1,304 |
| FY2020 | $635 | $691 | $786 | $1,134 | $1,380 |
FY2026 Income Limits
Area Median Income: $82,300
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $17,300 | $21,640 | $27,320 | $33,000 | $38,680 | $44,360 |
| 50% AMI | $28,850 | $32,950 | $37,050 | $41,150 | $44,450 | $47,750 |
| 80% AMI | $46,100 | $52,700 | $59,300 | $65,850 | $71,150 | $76,400 |