FY2026 Fair Market Rents — Lake County
Studio
$1,097
1BR
$1,104
2BR
$1,444
3BR
$1,865
4BR
$1,990
Lake County, Montana
FIPS 30047 · County-level FMR and income limit data
FMR Area: Lake County, MT
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $1,097 | $13,164 |
| 1-Bedroom | $1,104 | $13,248 |
| 2-Bedroom | $1,444 | $17,328 |
| 3-Bedroom | $1,865 | $22,380 |
| 4-Bedroom | $1,990 | $23,880 |
To afford the FY2026 2-bedroom FMR of $1,444/mo under the 30%-of-income rule, a household needs about
$57,760/yr ($4,813/mo). Area Median Income is $83,800.
At MT's state minimum wage of $10.55/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 | $1,097 | $1,104 | $1,444 | $1,865 | $1,990 |
| FY2025 | $1,055 | $1,077 | $1,400 | $1,766 | $1,856 |
| FY2024 | $633 | $743 | $934 | $1,175 | $1,244 |
| FY2023 | $594 | $719 | $888 | $1,110 | $1,193 |
| FY2022 | $534 | $637 | $804 | $1,001 | $1,090 |
| FY2021 | $558 | $656 | $846 | $1,069 | $1,177 |
| FY2020 | $547 | $661 | $839 | $1,075 | $1,209 |
FY2026 Income Limits
Area Median Income: $83,800
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $19,150 | $21,850 | $27,320 | $33,000 | $38,680 | $44,360 |
| 50% AMI | $31,850 | $36,400 | $40,950 | $45,500 | $49,150 | $52,800 |
| 80% AMI | $51,000 | $58,250 | $65,550 | $72,800 | $78,650 | $84,450 |