FY2026 Fair Market Rents — Franklin County
Studio
$784
1BR
$789
2BR
$1,020
3BR
$1,223
4BR
$1,360
Franklin County, Kansas
FIPS 20059 · County-level FMR and income limit data
FMR Area: Franklin County, KS
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $784 | $9,408 |
| 1-Bedroom | $789 | $9,468 |
| 2-Bedroom | $1,020 | $12,240 |
| 3-Bedroom | $1,223 | $14,676 |
| 4-Bedroom | $1,360 | $16,320 |
To afford the FY2026 2-bedroom FMR of $1,020/mo under the 30%-of-income rule, a household needs about
$40,800/yr ($3,400/mo). Area Median Income is $97,400.
At KS's federal minimum wage of $7.25/hr, a worker would need to work 109 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $784 | $789 | $1,020 | $1,223 | $1,360 |
| FY2025 | $749 | $754 | $984 | $1,186 | $1,359 |
| FY2024 | $761 | $766 | $1,006 | $1,229 | $1,421 |
| FY2023 | $691 | $695 | $915 | $1,128 | $1,298 |
| FY2022 | $594 | $637 | $838 | $1,038 | $1,172 |
| FY2021 | $555 | $613 | $808 | $1,005 | $1,142 |
| FY2020 | $534 | $601 | $791 | $986 | $1,137 |
FY2026 Income Limits
Area Median Income: $97,400
| 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 |