FY2026 Fair Market Rents — Cortland County
Studio
$954
1BR
$960
2BR
$1,198
3BR
$1,510
4BR
$2,010
Cortland County, New York
FIPS 36023 · County-level FMR and income limit data
FMR Area: Cortland County, NY
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $954 | $11,448 |
| 1-Bedroom | $960 | $11,520 |
| 2-Bedroom | $1,198 | $14,376 |
| 3-Bedroom | $1,510 | $18,120 |
| 4-Bedroom | $2,010 | $24,120 |
To afford the FY2026 2-bedroom FMR of $1,198/mo under the 30%-of-income rule, a household needs about
$47,920/yr ($3,993/mo). Area Median Income is $92,900.
At NY's state minimum wage of $16.50/hr, a worker would need to work 56 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $954 | $960 | $1,198 | $1,510 | $2,010 |
| FY2025 | $896 | $901 | $1,118 | $1,387 | $1,877 |
| FY2024 | $800 | $805 | $992 | $1,215 | $1,683 |
| FY2023 | $775 | $780 | $947 | $1,153 | $1,613 |
| FY2022 | $697 | $723 | $867 | $1,072 | $1,384 |
| FY2021 | $678 | $733 | $870 | $1,083 | $1,285 |
| FY2020 | $666 | $717 | $849 | $1,070 | $1,199 |
FY2026 Income Limits
Area Median Income: $92,900
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $19,500 | $22,300 | $27,320 | $33,000 | $38,680 | $44,360 |
| 50% AMI | $32,550 | $37,200 | $41,850 | $46,450 | $50,200 | $53,900 |
| 80% AMI | $52,050 | $59,450 | $66,900 | $74,300 | $80,250 | $86,200 |