FY2026 Fair Market Rents — Rowan County
Studio
$628
1BR
$735
2BR
$911
3BR
$1,156
4BR
$1,528
Rowan County, Kentucky
FIPS 21205 · County-level FMR and income limit data
FMR Area: Rowan County, KY
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $628 | $7,536 |
| 1-Bedroom | $735 | $8,820 |
| 2-Bedroom | $911 | $10,932 |
| 3-Bedroom | $1,156 | $13,872 |
| 4-Bedroom | $1,528 | $18,336 |
To afford the FY2026 2-bedroom FMR of $911/mo under the 30%-of-income rule, a household needs about
$36,440/yr ($3,037/mo). Area Median Income is $75,700.
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 | $628 | $735 | $911 | $1,156 | $1,528 |
| FY2025 | $601 | $704 | $876 | $1,103 | $1,471 |
| FY2024 | $588 | $704 | $867 | $1,104 | $1,471 |
| FY2023 | $558 | $634 | $770 | $965 | $1,310 |
| FY2022 | $504 | $603 | $704 | $870 | $1,162 |
| FY2021 | $511 | $612 | $713 | $887 | $1,137 |
| FY2020 | $491 | $607 | $691 | $861 | $1,080 |
FY2026 Income Limits
Area Median Income: $75,700
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $15,960 | $21,640 | $27,320 | $33,000 | $38,680 | $43,950 |
| 50% AMI | $26,500 | $30,300 | $34,100 | $37,850 | $40,900 | $43,950 |
| 80% AMI | $42,400 | $48,450 | $54,500 | $60,550 | $65,400 | $70,250 |