FY2026 Fair Market Rents — Fayette County
Studio
$883
1BR
$1,079
2BR
$1,272
3BR
$1,743
4BR
$1,940
Fayette County, Kentucky
FIPS 21067 · County-level FMR and income limit data
FMR Area: Lexington-Fayette, KY MSA
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $883 | $10,596 |
| 1-Bedroom | $1,079 | $12,948 |
| 2-Bedroom | $1,272 | $15,264 |
| 3-Bedroom | $1,743 | $20,916 |
| 4-Bedroom | $1,940 | $23,280 |
To afford the FY2026 2-bedroom FMR of $1,272/mo under the 30%-of-income rule, a household needs about
$50,880/yr ($4,240/mo). Area Median Income is $102,100.
At KY's federal minimum wage of $7.25/hr, a worker would need to work 135 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $883 | $1,079 | $1,272 | $1,743 | $1,940 |
| FY2025 | $799 | $982 | $1,165 | $1,583 | $1,781 |
| FY2024 | $802 | $983 | $1,177 | $1,599 | $1,807 |
| FY2023 | $706 | $845 | $1,025 | $1,396 | $1,615 |
| FY2022 | $632 | $741 | $912 | $1,256 | $1,496 |
| FY2021 | $630 | $728 | $910 | $1,256 | $1,531 |
| FY2020 | $597 | $678 | $858 | $1,189 | $1,496 |
FY2026 Income Limits
Area Median Income: $102,100
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $21,500 | $24,550 | $27,600 | $33,000 | $38,680 | $44,360 |
| 50% AMI | $35,750 | $40,850 | $45,950 | $51,050 | $55,150 | $59,250 |
| 80% AMI | $57,200 | $65,400 | $73,550 | $81,700 | $88,250 | $94,800 |