FY2026 Fair Market Rents — Washoe County
Studio
$1,289
1BR
$1,489
2BR
$1,870
3BR
$2,539
4BR
$2,949
Washoe County, Nevada
FIPS 32031 · County-level FMR and income limit data
FMR Area: Reno, NV MSA
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $1,289 | $15,468 |
| 1-Bedroom | $1,489 | $17,868 |
| 2-Bedroom | $1,870 | $22,440 |
| 3-Bedroom | $2,539 | $30,468 |
| 4-Bedroom | $2,949 | $35,388 |
To afford the FY2026 2-bedroom FMR of $1,870/mo under the 30%-of-income rule, a household needs about
$74,800/yr ($6,233/mo). Area Median Income is $116,800.
At NV's state minimum wage of $12.00/hr, a worker would need to work 120 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $1,289 | $1,489 | $1,870 | $2,539 | $2,949 |
| FY2025 | $1,181 | $1,370 | $1,722 | $2,384 | $2,788 |
| FY2024 | $1,072 | $1,257 | $1,582 | $2,229 | $2,669 |
| FY2023 | $1,060 | $1,256 | $1,585 | $2,253 | $2,700 |
| FY2022 | $926 | $1,108 | $1,394 | $1,980 | $2,386 |
| FY2021 | $803 | $964 | $1,217 | $1,742 | $2,107 |
| FY2020 | $698 | $846 | $1,071 | $1,545 | $1,880 |
FY2026 Income Limits
Area Median Income: $116,800
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $24,550 | $28,050 | $31,550 | $35,050 | $38,680 | $44,360 |
| 50% AMI | $40,900 | $46,750 | $52,600 | $58,400 | $63,100 | $67,750 |
| 80% AMI | $65,450 | $74,800 | $84,150 | $93,450 | $100,950 | $108,450 |