FY2026 Fair Market Rents — Monmouth County
Studio
$1,676
1BR
$1,889
2BR
$2,328
3BR
$3,043
4BR
$3,371
Monmouth County, New Jersey
FIPS 34025 · County-level FMR and income limit data
FMR Area: Monmouth-Ocean, NJ HUD Metro FMR Area
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $1,676 | $20,112 |
| 1-Bedroom | $1,889 | $22,668 |
| 2-Bedroom | $2,328 | $27,936 |
| 3-Bedroom | $3,043 | $36,516 |
| 4-Bedroom | $3,371 | $40,452 |
To afford the FY2026 2-bedroom FMR of $2,328/mo under the 30%-of-income rule, a household needs about
$93,120/yr ($7,760/mo). Area Median Income is $140,600.
At NJ's state minimum wage of $15.49/hr, a worker would need to work 116 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $1,676 | $1,889 | $2,328 | $3,043 | $3,371 |
| FY2025 | $1,474 | $1,654 | $2,040 | $2,717 | $3,023 |
| FY2024 | $1,385 | $1,546 | $1,916 | $2,604 | $2,904 |
| FY2023 | $1,146 | $1,279 | $1,602 | $2,193 | $2,441 |
| FY2022 | $1,092 | $1,230 | $1,558 | $2,142 | $2,374 |
| FY2021 | $1,126 | $1,291 | $1,652 | $2,277 | $2,524 |
| FY2020 | $1,088 | $1,270 | $1,639 | $2,251 | $2,523 |
FY2026 Income Limits
Area Median Income: $140,600
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $29,550 | $33,800 | $38,000 | $42,200 | $45,600 | $49,000 |
| 50% AMI | $49,250 | $56,250 | $63,300 | $70,300 | $75,950 | $81,550 |
| 80% AMI | $76,000 | $86,850 | $97,700 | $108,550 | $117,250 | $125,950 |