FY2026 Fair Market Rents — Tompkins County
Studio
$1,263
1BR
$1,466
2BR
$1,753
3BR
$2,102
4BR
$2,624
Tompkins County, New York
FIPS 36109 · County-level FMR and income limit data
FMR Area: Ithaca, NY MSA
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $1,263 | $15,156 |
| 1-Bedroom | $1,466 | $17,592 |
| 2-Bedroom | $1,753 | $21,036 |
| 3-Bedroom | $2,102 | $25,224 |
| 4-Bedroom | $2,624 | $31,488 |
To afford the FY2026 2-bedroom FMR of $1,753/mo under the 30%-of-income rule, a household needs about
$70,120/yr ($5,843/mo). Area Median Income is $118,000.
At NY's state minimum wage of $16.50/hr, a worker would need to work 82 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $1,263 | $1,466 | $1,753 | $2,102 | $2,624 |
| FY2025 | $1,320 | $1,489 | $1,702 | $2,051 | $2,353 |
| FY2024 | $1,311 | $1,434 | $1,664 | $2,056 | $2,229 |
| FY2023 | $1,187 | $1,276 | $1,487 | $1,890 | $1,998 |
| FY2022 | $1,053 | $1,127 | $1,365 | $1,743 | $1,851 |
| FY2021 | $980 | $1,048 | $1,269 | $1,619 | $1,812 |
| FY2020 | $919 | $969 | $1,172 | $1,496 | $1,748 |
FY2026 Income Limits
Area Median Income: $118,000
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $24,800 | $28,350 | $31,900 | $35,400 | $38,680 | $44,360 |
| 50% AMI | $41,300 | $47,200 | $53,100 | $59,000 | $63,750 | $68,450 |
| 80% AMI | $66,100 | $75,550 | $85,000 | $94,400 | $102,000 | $109,550 |