FY2026 Fair Market Rents — Madison County
Studio
$666
1BR
$785
2BR
$904
3BR
$1,257
4BR
$1,416
Madison County, Kentucky
FIPS 21151 · County-level FMR and income limit data
FMR Area: Madison County, KY
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $666 | $7,992 |
| 1-Bedroom | $785 | $9,420 |
| 2-Bedroom | $904 | $10,848 |
| 3-Bedroom | $1,257 | $15,084 |
| 4-Bedroom | $1,416 | $16,992 |
To afford the FY2026 2-bedroom FMR of $904/mo under the 30%-of-income rule, a household needs about
$36,160/yr ($3,013/mo). Area Median Income is $85,800.
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 | $666 | $785 | $904 | $1,257 | $1,416 |
| FY2025 | $740 | $825 | $944 | $1,323 | $1,407 |
| FY2024 | $750 | $794 | $914 | $1,288 | $1,301 |
| FY2023 | $641 | $650 | $783 | $1,055 | $1,059 |
| FY2022 | $558 | $575 | $732 | $989 | $993 |
| FY2021 | $531 | $554 | $730 | $1,002 | $1,005 |
| FY2020 | $482 | $535 | $705 | $1,001 | $1,004 |
FY2026 Income Limits
Area Median Income: $85,800
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $18,050 | $21,640 | $27,320 | $33,000 | $38,680 | $44,360 |
| 50% AMI | $30,050 | $34,350 | $38,650 | $42,900 | $46,350 | $49,800 |
| 80% AMI | $48,100 | $54,950 | $61,800 | $68,650 | $74,150 | $79,650 |