FY2026 Fair Market Rents — Franklin County
Studio
$747
1BR
$859
2BR
$1,083
3BR
$1,410
4BR
$1,680
Franklin County, Kentucky
FIPS 21073 · County-level FMR and income limit data
FMR Area: Franklin County, KY
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $747 | $8,964 |
| 1-Bedroom | $859 | $10,308 |
| 2-Bedroom | $1,083 | $12,996 |
| 3-Bedroom | $1,410 | $16,920 |
| 4-Bedroom | $1,680 | $20,160 |
To afford the FY2026 2-bedroom FMR of $1,083/mo under the 30%-of-income rule, a household needs about
$43,320/yr ($3,610/mo). Area Median Income is $92,100.
At KY's federal minimum wage of $7.25/hr, a worker would need to work 115 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $747 | $859 | $1,083 | $1,410 | $1,680 |
| FY2025 | $741 | $839 | $1,064 | $1,397 | $1,670 |
| FY2024 | $731 | $831 | $1,042 | $1,373 | $1,687 |
| FY2023 | $638 | $732 | $909 | $1,209 | $1,505 |
| FY2022 | $559 | $660 | $793 | $1,066 | $1,327 |
| FY2021 | $530 | $654 | $783 | $1,047 | $1,300 |
| FY2020 | $493 | $630 | $749 | $991 | $1,193 |
FY2026 Income Limits
Area Median Income: $92,100
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $19,400 | $22,150 | $27,320 | $33,000 | $38,680 | $44,360 |
| 50% AMI | $32,250 | $36,850 | $41,450 | $46,050 | $49,750 | $53,450 |
| 80% AMI | $51,600 | $59,000 | $66,350 | $73,700 | $79,600 | $85,500 |