FY2026 Fair Market Rents — Garrard County
Studio
$643
1BR
$821
2BR
$900
3BR
$1,156
4BR
$1,285
Garrard County, Kentucky
FIPS 21079 · County-level FMR and income limit data
FMR Area: Garrard County, KY
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $643 | $7,716 |
| 1-Bedroom | $821 | $9,852 |
| 2-Bedroom | $900 | $10,800 |
| 3-Bedroom | $1,156 | $13,872 |
| 4-Bedroom | $1,285 | $15,420 |
To afford the FY2026 2-bedroom FMR of $900/mo under the 30%-of-income rule, a household needs about
$36,000/yr ($3,000/mo). Area Median Income is $75,900.
At KY's federal minimum wage of $7.25/hr, a worker would need to work 96 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $643 | $821 | $900 | $1,156 | $1,285 |
| FY2025 | $647 | $812 | $899 | $1,101 | $1,362 |
| FY2024 | $640 | $787 | $883 | $1,084 | $1,303 |
| FY2023 | $570 | $684 | $786 | $979 | $1,146 |
| FY2022 | $509 | $570 | $712 | $880 | $1,046 |
| FY2021 | $511 | $556 | $712 | $886 | $1,054 |
| FY2020 | $481 | $531 | $677 | $844 | $1,019 |
FY2026 Income Limits
Area Median Income: $75,900
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $15,960 | $21,640 | $27,320 | $33,000 | $38,680 | $44,050 |
| 50% AMI | $26,600 | $30,400 | $34,200 | $37,950 | $41,000 | $44,050 |
| 80% AMI | $42,500 | $48,600 | $54,650 | $60,700 | $65,600 | $70,450 |