FY2026 Fair Market Rents — Day County
Studio
$641
1BR
$751
2BR
$929
3BR
$1,292
4BR
$1,438
Day County, South Dakota
FIPS 46037 · County-level FMR and income limit data
FMR Area: Day County, SD
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $641 | $7,692 |
| 1-Bedroom | $751 | $9,012 |
| 2-Bedroom | $929 | $11,148 |
| 3-Bedroom | $1,292 | $15,504 |
| 4-Bedroom | $1,438 | $17,256 |
To afford the FY2026 2-bedroom FMR of $929/mo under the 30%-of-income rule, a household needs about
$37,160/yr ($3,097/mo). Area Median Income is $95,600.
At SD's state minimum wage of $11.50/hr, a worker would need to work 63 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $641 | $751 | $929 | $1,292 | $1,438 |
| FY2025 | $598 | $674 | $872 | $1,167 | $1,360 |
| FY2024 | $613 | $710 | $905 | $1,177 | $1,454 |
| FY2023 | $575 | $651 | $826 | $1,081 | $1,347 |
| FY2022 | $541 | $608 | $757 | $1,023 | $1,219 |
| FY2021 | $503 | $606 | $719 | $996 | $1,121 |
| FY2020 | $487 | $616 | $714 | $964 | $967 |
FY2026 Income Limits
Area Median Income: $95,600
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $20,100 | $23,000 | $27,320 | $33,000 | $38,680 | $44,360 |
| 50% AMI | $33,500 | $38,250 | $43,050 | $47,800 | $51,650 | $55,450 |
| 80% AMI | $53,550 | $61,200 | $68,850 | $76,500 | $82,650 | $88,750 |