FY2026 Fair Market Rents — Carbon County
Studio
$1,016
1BR
$1,109
2BR
$1,417
3BR
$1,951
4BR
$2,216
Carbon County, Montana
FIPS 30009 · County-level FMR and income limit data
FMR Area: Billings, MT HUD Metro FMR Area
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $1,016 | $12,192 |
| 1-Bedroom | $1,109 | $13,308 |
| 2-Bedroom | $1,417 | $17,004 |
| 3-Bedroom | $1,951 | $23,412 |
| 4-Bedroom | $2,216 | $26,592 |
To afford the FY2026 2-bedroom FMR of $1,417/mo under the 30%-of-income rule, a household needs about
$56,680/yr ($4,723/mo). Area Median Income is $113,000.
At MT's state minimum wage of $10.55/hr, a worker would need to work 104 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $1,016 | $1,109 | $1,417 | $1,951 | $2,216 |
| FY2025 | $1,013 | $1,062 | $1,373 | $1,888 | $2,124 |
| FY2024 | $837 | $874 | $1,148 | $1,583 | $1,778 |
| FY2023 | $745 | $801 | $1,054 | $1,447 | $1,644 |
| FY2022 | $646 | $730 | $960 | $1,315 | $1,543 |
| FY2021 | $631 | $725 | $956 | $1,321 | $1,570 |
| FY2020 | $579 | $675 | $889 | $1,250 | $1,514 |
FY2026 Income Limits
Area Median Income: $113,000
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $22,450 | $25,650 | $28,850 | $33,000 | $38,680 | $44,360 |
| 50% AMI | $37,400 | $42,700 | $48,050 | $53,400 | $57,650 | $61,950 |
| 80% AMI | $59,800 | $68,400 | $76,900 | $85,450 | $92,300 | $99,150 |