FY2026 Fair Market Rents — Monroe County
Studio
$1,726
1BR
$2,211
2BR
$2,504
3BR
$3,303
4BR
$3,315
Monroe County, Florida
FIPS 12087 · County-level FMR and income limit data
FMR Area: Monroe County, FL
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $1,726 | $20,712 |
| 1-Bedroom | $2,211 | $26,532 |
| 2-Bedroom | $2,504 | $30,048 |
| 3-Bedroom | $3,303 | $39,636 |
| 4-Bedroom | $3,315 | $39,780 |
To afford the FY2026 2-bedroom FMR of $2,504/mo under the 30%-of-income rule, a household needs about
$100,160/yr ($8,347/mo). Area Median Income is $129,600.
At FL's state minimum wage of $14.00/hr, a worker would need to work 138 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $1,726 | $2,211 | $2,504 | $3,303 | $3,315 |
| FY2025 | $1,565 | $1,903 | $2,274 | $3,026 | $3,344 |
| FY2024 | $1,556 | $1,730 | $2,139 | $2,812 | $3,426 |
| FY2023 | $1,497 | $1,597 | $2,023 | $2,569 | $3,433 |
| FY2022 | $1,333 | $1,370 | $1,759 | $2,261 | $2,993 |
| FY2021 | $1,301 | $1,344 | $1,744 | $2,257 | $2,996 |
| FY2020 | $1,195 | $1,327 | $1,728 | $2,287 | $2,903 |
FY2026 Income Limits
Area Median Income: $129,600
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $30,100 | $34,400 | $38,700 | $43,000 | $46,450 | $49,900 |
| 50% AMI | $50,200 | $57,300 | $64,500 | $71,650 | $77,350 | $83,100 |
| 80% AMI | $80,300 | $91,700 | $103,200 | $114,650 | $123,850 | $133,000 |