FY2026 Fair Market Rents — Union County
Studio
$1,612
1BR
$1,822
2BR
$2,205
3BR
$2,761
4BR
$3,137
Union County, New Jersey
FIPS 34039 · County-level FMR and income limit data
FMR Area: Newark, NJ HUD Metro FMR Area
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $1,612 | $19,344 |
| 1-Bedroom | $1,822 | $21,864 |
| 2-Bedroom | $2,205 | $26,460 |
| 3-Bedroom | $2,761 | $33,132 |
| 4-Bedroom | $3,137 | $37,644 |
To afford the FY2026 2-bedroom FMR of $2,205/mo under the 30%-of-income rule, a household needs about
$88,200/yr ($7,350/mo). Area Median Income is $138,400.
At NJ's state minimum wage of $15.49/hr, a worker would need to work 110 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $1,612 | $1,822 | $2,205 | $2,761 | $3,137 |
| FY2025 | $1,551 | $1,768 | $2,140 | $2,695 | $3,065 |
| FY2024 | $1,379 | $1,590 | $1,916 | $2,424 | $2,800 |
| FY2023 | $1,129 | $1,338 | $1,606 | $2,038 | $2,394 |
| FY2022 | $1,017 | $1,223 | $1,479 | $1,887 | $2,249 |
| FY2021 | $1,129 | $1,358 | $1,643 | $2,096 | $2,498 |
| FY2020 | $1,034 | $1,218 | $1,483 | $1,891 | $2,236 |
FY2026 Income Limits
Area Median Income: $138,400
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $29,050 | $33,200 | $37,350 | $41,500 | $44,850 | $48,150 |
| 50% AMI | $48,450 | $55,400 | $62,300 | $69,200 | $74,750 | $80,300 |
| 80% AMI | $74,800 | $85,450 | $96,150 | $106,800 | $115,350 | $123,900 |