FY2026 Fair Market Rents — Boone County
Studio
$800
1BR
$1,011
2BR
$1,160
3BR
$1,573
4BR
$1,861
Boone County, Missouri
FIPS 29019 · County-level FMR and income limit data
FMR Area: Columbia, MO MSA
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $800 | $9,600 |
| 1-Bedroom | $1,011 | $12,132 |
| 2-Bedroom | $1,160 | $13,920 |
| 3-Bedroom | $1,573 | $18,876 |
| 4-Bedroom | $1,861 | $22,332 |
To afford the FY2026 2-bedroom FMR of $1,160/mo under the 30%-of-income rule, a household needs about
$46,400/yr ($3,867/mo). Area Median Income is $119,200.
At MO's state minimum wage of $13.75/hr, a worker would need to work 65 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $800 | $1,011 | $1,160 | $1,573 | $1,861 |
| FY2025 | $691 | $862 | $1,007 | $1,360 | $1,601 |
| FY2024 | $702 | $861 | $1,035 | $1,386 | $1,620 |
| FY2023 | $679 | $788 | $961 | $1,290 | $1,504 |
| FY2022 | $658 | $718 | $878 | $1,177 | $1,392 |
| FY2021 | $672 | $722 | $874 | $1,173 | $1,444 |
| FY2020 | $685 | $741 | $894 | $1,207 | $1,544 |
FY2026 Income Limits
Area Median Income: $119,200
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $24,450 | $27,950 | $31,450 | $34,900 | $38,680 | $44,360 |
| 50% AMI | $40,750 | $46,550 | $52,350 | $58,150 | $62,850 | $67,500 |
| 80% AMI | $65,150 | $74,450 | $83,750 | $93,050 | $100,500 | $107,950 |