FY2026 Fair Market Rents — Shelby County
Studio
$660
1BR
$703
2BR
$888
3BR
$1,189
4BR
$1,429
Shelby County, Missouri
FIPS 29205 · County-level FMR and income limit data
FMR Area: Shelby County, MO
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $660 | $7,920 |
| 1-Bedroom | $703 | $8,436 |
| 2-Bedroom | $888 | $10,656 |
| 3-Bedroom | $1,189 | $14,268 |
| 4-Bedroom | $1,429 | $17,148 |
To afford the FY2026 2-bedroom FMR of $888/mo under the 30%-of-income rule, a household needs about
$35,520/yr ($2,960/mo). Area Median Income is $68,600.
At MO's state minimum wage of $13.75/hr, a worker would need to work 50 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $660 | $703 | $888 | $1,189 | $1,429 |
| FY2025 | $615 | $638 | $824 | $1,053 | $1,285 |
| FY2024 | $601 | $617 | $797 | $1,024 | $1,288 |
| FY2023 | $499 | $567 | $746 | $913 | $1,217 |
| FY2022 | $455 | $521 | $685 | $847 | $1,108 |
| FY2021 | $437 | $502 | $662 | $823 | $1,065 |
| FY2020 | $413 | $481 | $634 | $790 | $1,104 |
FY2026 Income Limits
Area Median Income: $68,600
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $16,300 | $21,640 | $27,320 | $33,000 | $38,680 | $44,360 |
| 50% AMI | $27,150 | $31,000 | $34,900 | $38,750 | $41,850 | $44,950 |
| 80% AMI | $43,400 | $49,600 | $55,800 | $62,000 | $67,000 | $71,950 |