FY2026 Fair Market Rents — New York County
Studio
$2,529
1BR
$2,655
2BR
$2,910
3BR
$3,644
4BR
$3,959
New York County, New York
FIPS 36061 · County-level FMR and income limit data
FMR Area: New York, NY HUD Metro FMR Area
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $2,529 | $30,348 |
| 1-Bedroom | $2,655 | $31,860 |
| 2-Bedroom | $2,910 | $34,920 |
| 3-Bedroom | $3,644 | $43,728 |
| 4-Bedroom | $3,959 | $47,508 |
To afford the FY2026 2-bedroom FMR of $2,910/mo under the 30%-of-income rule, a household needs about
$116,400/yr ($9,700/mo). Area Median Income is $104,300.
At NY's state minimum wage of $16.50/hr, a worker would need to work 136 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $2,529 | $2,655 | $2,910 | $3,644 | $3,959 |
| FY2025 | $2,406 | $2,511 | $2,780 | $3,465 | $3,738 |
| FY2024 | $2,386 | $2,451 | $2,752 | $3,434 | $3,700 |
| FY2023 | $2,123 | $2,170 | $2,451 | $3,078 | $3,316 |
| FY2022 | $2,018 | $2,054 | $2,340 | $2,952 | $3,173 |
| FY2021 | $1,760 | $1,801 | $2,053 | $2,598 | $2,784 |
| FY2020 | $1,665 | $1,714 | $1,951 | $2,472 | $2,643 |
FY2026 Income Limits
Area Median Income: $104,300
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $35,650 | $40,750 | $45,850 | $50,900 | $55,000 | $59,050 |
| 50% AMI | $59,400 | $67,850 | $76,350 | $84,800 | $91,600 | $98,400 |
| 80% AMI | $95,000 | $108,600 | $122,150 | $135,700 | $146,600 | $157,450 |