FY2026 Fair Market Rents — McLean County
Studio
$840
1BR
$846
2BR
$1,110
3BR
$1,466
4BR
$1,470
McLean County, Kentucky
FIPS 21149 · County-level FMR and income limit data
FMR Area: Owensboro, KY MSA
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $840 | $10,080 |
| 1-Bedroom | $846 | $10,152 |
| 2-Bedroom | $1,110 | $13,320 |
| 3-Bedroom | $1,466 | $17,592 |
| 4-Bedroom | $1,470 | $17,640 |
To afford the FY2026 2-bedroom FMR of $1,110/mo under the 30%-of-income rule, a household needs about
$44,400/yr ($3,700/mo). Area Median Income is $92,100.
At KY's federal minimum wage of $7.25/hr, a worker would need to work 118 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $840 | $846 | $1,110 | $1,466 | $1,470 |
| FY2025 | $854 | $860 | $1,128 | $1,494 | $1,496 |
| FY2024 | $825 | $830 | $1,091 | $1,440 | $1,453 |
| FY2023 | $699 | $703 | $926 | $1,223 | $1,244 |
| FY2022 | $595 | $641 | $843 | $1,101 | $1,143 |
| FY2021 | $598 | $623 | $821 | $1,075 | $1,113 |
| FY2020 | $565 | $605 | $787 | $1,027 | $1,107 |
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 |