FY2026 Fair Market Rents — Phillips County
Studio
$729
1BR
$888
2BR
$973
3BR
$1,353
4BR
$1,573
Phillips County, Montana
FIPS 30071 · County-level FMR and income limit data
FMR Area: Phillips County, MT
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $729 | $8,748 |
| 1-Bedroom | $888 | $10,656 |
| 2-Bedroom | $973 | $11,676 |
| 3-Bedroom | $1,353 | $16,236 |
| 4-Bedroom | $1,573 | $18,876 |
To afford the FY2026 2-bedroom FMR of $973/mo under the 30%-of-income rule, a household needs about
$38,920/yr ($3,243/mo). Area Median Income is $73,900.
At MT's state minimum wage of $10.55/hr, a worker would need to work 71 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $729 | $888 | $973 | $1,353 | $1,573 |
| FY2025 | $691 | $851 | $942 | $1,320 | $1,503 |
| FY2024 | $658 | $806 | $905 | $1,275 | $1,425 |
| FY2023 | $596 | $731 | $826 | $1,174 | $1,293 |
| FY2022 | $535 | $575 | $757 | $1,009 | $1,183 |
| FY2021 | $514 | $561 | $734 | $913 | $1,150 |
| FY2020 | $492 | $551 | $714 | $890 | $1,141 |
FY2026 Income Limits
Area Median Income: $73,900
| 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 |