FY2026 Fair Market Rents — Sheridan County
Studio
$908
1BR
$923
2BR
$1,211
3BR
$1,684
4BR
$1,809
Sheridan County, Montana
FIPS 30091 · County-level FMR and income limit data
FMR Area: Sheridan County, MT
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $908 | $10,896 |
| 1-Bedroom | $923 | $11,076 |
| 2-Bedroom | $1,211 | $14,532 |
| 3-Bedroom | $1,684 | $20,208 |
| 4-Bedroom | $1,809 | $21,708 |
To afford the FY2026 2-bedroom FMR of $1,211/mo under the 30%-of-income rule, a household needs about
$48,440/yr ($4,037/mo). Area Median Income is $94,800.
At MT's state minimum wage of $10.55/hr, a worker would need to work 89 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $908 | $923 | $1,211 | $1,684 | $1,809 |
| FY2025 | $861 | $972 | $1,174 | $1,637 | $1,643 |
| FY2024 | $658 | $806 | $905 | $1,201 | $1,205 |
| FY2023 | $622 | $764 | $863 | $1,155 | $1,159 |
| FY2022 | $576 | $716 | $816 | $1,078 | $1,107 |
| FY2021 | $591 | $645 | $844 | $1,081 | $1,190 |
| FY2020 | $563 | $629 | $816 | $1,017 | $1,222 |
FY2026 Income Limits
Area Median Income: $94,800
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $19,950 | $22,800 | $27,320 | $33,000 | $38,680 | $44,360 |
| 50% AMI | $33,200 | $37,950 | $42,700 | $47,400 | $51,200 | $55,000 |
| 80% AMI | $53,100 | $60,700 | $68,300 | $75,850 | $81,950 | $88,000 |