FY2026 Fair Market Rents — Lee County
Studio
$847
1BR
$852
2BR
$994
3BR
$1,257
4BR
$1,316
Lee County, Mississippi
FIPS 28081 · County-level FMR and income limit data
FMR Area: Lee County, MS
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $847 | $10,164 |
| 1-Bedroom | $852 | $10,224 |
| 2-Bedroom | $994 | $11,928 |
| 3-Bedroom | $1,257 | $15,084 |
| 4-Bedroom | $1,316 | $15,792 |
To afford the FY2026 2-bedroom FMR of $994/mo under the 30%-of-income rule, a household needs about
$39,760/yr ($3,313/mo). Area Median Income is $75,700.
At MS's federal minimum wage of $7.25/hr, a worker would need to work 106 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $847 | $852 | $994 | $1,257 | $1,316 |
| FY2025 | $922 | $928 | $1,097 | $1,382 | $1,454 |
| FY2024 | $853 | $859 | $1,045 | $1,319 | $1,486 |
| FY2023 | $722 | $727 | $891 | $1,134 | $1,347 |
| FY2022 | $630 | $634 | $809 | $1,024 | $1,245 |
| FY2021 | $608 | $612 | $788 | $998 | $1,211 |
| FY2020 | $562 | $566 | $740 | $939 | $1,126 |
FY2026 Income Limits
Area Median Income: $75,700
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $16,450 | $21,640 | $27,320 | $33,000 | $38,680 | $44,360 |
| 50% AMI | $27,500 | $31,400 | $35,300 | $39,200 | $42,350 | $45,500 |
| 80% AMI | $43,900 | $50,200 | $56,450 | $62,700 | $67,750 | $72,800 |