FY2026 Fair Market Rents — Madison County
Studio
$695
1BR
$713
2BR
$935
3BR
$1,133
4BR
$1,390
Madison County, Missouri
FIPS 29123 · County-level FMR and income limit data
FMR Area: Madison County, MO
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $695 | $8,340 |
| 1-Bedroom | $713 | $8,556 |
| 2-Bedroom | $935 | $11,220 |
| 3-Bedroom | $1,133 | $13,596 |
| 4-Bedroom | $1,390 | $16,680 |
To afford the FY2026 2-bedroom FMR of $935/mo under the 30%-of-income rule, a household needs about
$37,400/yr ($3,117/mo). Area Median Income is $77,600.
At MO's state minimum wage of $13.75/hr, a worker would need to work 53 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $695 | $713 | $935 | $1,133 | $1,390 |
| FY2025 | $619 | $633 | $830 | $1,058 | $1,394 |
| FY2024 | $601 | $607 | $797 | $1,076 | $1,353 |
| FY2023 | $549 | $567 | $746 | $982 | $1,157 |
| FY2022 | $489 | $548 | $685 | $932 | $1,061 |
| FY2021 | $457 | $525 | $662 | $837 | $1,018 |
| FY2020 | $426 | $490 | $634 | $790 | $859 |
FY2026 Income Limits
Area Median Income: $77,600
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $16,350 | $21,640 | $27,320 | $33,000 | $38,680 | $44,360 |
| 50% AMI | $27,200 | $31,050 | $34,950 | $38,800 | $41,950 | $45,050 |
| 80% AMI | $43,500 | $49,700 | $55,900 | $62,100 | $67,100 | $72,050 |