FY2026 Fair Market Rents — Lee County
Studio
$1,629
1BR
$1,638
2BR
$1,961
3BR
$2,560
4BR
$2,836
Lee County, Florida
FIPS 12071 · County-level FMR and income limit data
FMR Area: Cape Coral-Fort Myers, FL MSA
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $1,629 | $19,548 |
| 1-Bedroom | $1,638 | $19,656 |
| 2-Bedroom | $1,961 | $23,532 |
| 3-Bedroom | $2,560 | $30,720 |
| 4-Bedroom | $2,836 | $34,032 |
To afford the FY2026 2-bedroom FMR of $1,961/mo under the 30%-of-income rule, a household needs about
$78,440/yr ($6,537/mo). Area Median Income is $105,700.
At FL's state minimum wage of $14.00/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 | $1,629 | $1,638 | $1,961 | $2,560 | $2,836 |
| FY2025 | $1,478 | $1,488 | $1,843 | $2,422 | $2,691 |
| FY2024 | $1,329 | $1,331 | $1,677 | $2,198 | $2,499 |
| FY2023 | $1,134 | $1,141 | $1,451 | $1,896 | $2,157 |
| FY2022 | $976 | $979 | $1,231 | $1,603 | $1,820 |
| FY2021 | $931 | $951 | $1,197 | $1,559 | $1,762 |
| FY2020 | $875 | $946 | $1,182 | $1,540 | $1,752 |
FY2026 Income Limits
Area Median Income: $105,700
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $23,600 | $27,000 | $30,350 | $33,700 | $38,680 | $44,360 |
| 50% AMI | $39,300 | $44,950 | $50,500 | $56,200 | $60,700 | $65,200 |
| 80% AMI | $62,950 | $71,900 | $80,950 | $89,900 | $97,100 | $104,300 |