FY2026 Fair Market Rents — Shelby County
Studio
$954
1BR
$1,027
2BR
$1,143
3BR
$1,417
4BR
$1,697
Shelby County, Kentucky
FIPS 21211 · County-level FMR and income limit data
FMR Area: Shelby County, KY HUD Metro FMR Area
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $954 | $11,448 |
| 1-Bedroom | $1,027 | $12,324 |
| 2-Bedroom | $1,143 | $13,716 |
| 3-Bedroom | $1,417 | $17,004 |
| 4-Bedroom | $1,697 | $20,364 |
To afford the FY2026 2-bedroom FMR of $1,143/mo under the 30%-of-income rule, a household needs about
$45,720/yr ($3,810/mo). Area Median Income is $104,900.
At KY's federal minimum wage of $7.25/hr, a worker would need to work 122 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $954 | $1,027 | $1,143 | $1,417 | $1,697 |
| FY2025 | $929 | $1,032 | $1,149 | $1,448 | $1,643 |
| FY2024 | $862 | $965 | $1,130 | $1,458 | $1,589 |
| FY2023 | $691 | $742 | $941 | $1,203 | $1,392 |
| FY2022 | $641 | $672 | $884 | $1,122 | $1,297 |
| FY2021 | $612 | $658 | $867 | $1,135 | $1,337 |
| FY2020 | $591 | $636 | $837 | $1,135 | $1,333 |
FY2026 Income Limits
Area Median Income: $104,900
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $22,050 | $25,200 | $28,350 | $33,000 | $38,680 | $44,360 |
| 50% AMI | $36,750 | $42,000 | $47,250 | $52,450 | $56,650 | $60,850 |
| 80% AMI | $58,750 | $67,150 | $75,550 | $83,900 | $90,650 | $97,350 |