FY2026 Fair Market Rents — Madison County
Studio
$873
1BR
$969
2BR
$1,086
3BR
$1,400
4BR
$1,543
Madison County, Florida
FIPS 12079 · County-level FMR and income limit data
FMR Area: Madison County, FL
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $873 | $10,476 |
| 1-Bedroom | $969 | $11,628 |
| 2-Bedroom | $1,086 | $13,032 |
| 3-Bedroom | $1,400 | $16,800 |
| 4-Bedroom | $1,543 | $18,516 |
To afford the FY2026 2-bedroom FMR of $1,086/mo under the 30%-of-income rule, a household needs about
$43,440/yr ($3,620/mo). Area Median Income is $65,600.
At FL's state minimum wage of $14.00/hr, a worker would need to work 60 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $873 | $969 | $1,086 | $1,400 | $1,543 |
| FY2025 | $731 | $811 | $933 | $1,152 | $1,336 |
| FY2024 | $736 | $778 | $905 | $1,156 | $1,481 |
| FY2023 | $677 | $731 | $826 | $1,094 | $1,407 |
| FY2022 | $653 | $664 | $757 | $1,041 | $1,296 |
| FY2021 | $629 | $641 | $734 | $966 | $1,271 |
| FY2020 | $498 | $627 | $714 | $940 | $1,254 |
FY2026 Income Limits
Area Median Income: $65,600
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $16,450 | $21,640 | $27,320 | $33,000 | $38,680 | $44,360 |
| 50% AMI | $27,400 | $31,350 | $35,250 | $39,150 | $42,250 | $45,400 |
| 80% AMI | $43,850 | $50,100 | $56,350 | $62,600 | $67,650 | $72,650 |