FY2026 Fair Market Rents — Madison County
Studio
$1,154
1BR
$1,202
2BR
$1,540
3BR
$2,073
4BR
$2,583
Madison County, Montana
FIPS 30057 · County-level FMR and income limit data
FMR Area: Madison County, MT
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $1,154 | $13,848 |
| 1-Bedroom | $1,202 | $14,424 |
| 2-Bedroom | $1,540 | $18,480 |
| 3-Bedroom | $2,073 | $24,876 |
| 4-Bedroom | $2,583 | $30,996 |
To afford the FY2026 2-bedroom FMR of $1,540/mo under the 30%-of-income rule, a household needs about
$61,600/yr ($5,133/mo). Area Median Income is $94,100.
At MT's state minimum wage of $10.55/hr, a worker would need to work 113 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $1,154 | $1,202 | $1,540 | $2,073 | $2,583 |
| FY2025 | $1,139 | $1,147 | $1,492 | $1,798 | $2,505 |
| FY2024 | $777 | $795 | $1,023 | $1,237 | $1,611 |
| FY2023 | $863 | $883 | $997 | $1,213 | $1,561 |
| FY2022 | $779 | $793 | $903 | $1,116 | $1,411 |
| FY2021 | $781 | $799 | $911 | $1,133 | $1,428 |
| FY2020 | $740 | $762 | $867 | $1,080 | $1,385 |
FY2026 Income Limits
Area Median Income: $94,100
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $19,800 | $22,600 | $27,320 | $33,000 | $38,680 | $44,360 |
| 50% AMI | $32,950 | $37,650 | $42,350 | $47,050 | $50,850 | $54,600 |
| 80% AMI | $52,750 | $60,250 | $67,800 | $75,300 | $81,350 | $87,350 |