FY2026 Fair Market Rents — Montgomery County
Studio
$647
1BR
$690
2BR
$905
3BR
$1,194
4BR
$1,198
Montgomery County, Kentucky
FIPS 21173 · County-level FMR and income limit data
FMR Area: Montgomery County, KY
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $647 | $7,764 |
| 1-Bedroom | $690 | $8,280 |
| 2-Bedroom | $905 | $10,860 |
| 3-Bedroom | $1,194 | $14,328 |
| 4-Bedroom | $1,198 | $14,376 |
To afford the FY2026 2-bedroom FMR of $905/mo under the 30%-of-income rule, a household needs about
$36,200/yr ($3,017/mo). Area Median Income is $76,200.
At KY's federal minimum wage of $7.25/hr, a worker would need to work 97 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $647 | $690 | $905 | $1,194 | $1,198 |
| FY2025 | $624 | $661 | $867 | $1,145 | $1,149 |
| FY2024 | $616 | $647 | $850 | $1,167 | $1,171 |
| FY2023 | $542 | $619 | $747 | $1,062 | $1,100 |
| FY2022 | $504 | $613 | $704 | $972 | $1,080 |
| FY2021 | $519 | $567 | $724 | $947 | $1,185 |
| FY2020 | $505 | $540 | $711 | $897 | $1,201 |
FY2026 Income Limits
Area Median Income: $76,200
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $16,000 | $21,640 | $27,320 | $33,000 | $38,680 | $44,200 |
| 50% AMI | $26,700 | $30,500 | $34,300 | $38,100 | $41,150 | $44,200 |
| 80% AMI | $42,700 | $48,800 | $54,900 | $60,950 | $65,850 | $70,750 |