FY2026 Fair Market Rents — McLennan County
Studio
$850
1BR
$996
2BR
$1,240
3BR
$1,599
4BR
$1,644
McLennan County, Texas
FIPS 48309 · County-level FMR and income limit data
FMR Area: Waco, TX HUD Metro FMR Area
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $850 | $10,200 |
| 1-Bedroom | $996 | $11,952 |
| 2-Bedroom | $1,240 | $14,880 |
| 3-Bedroom | $1,599 | $19,188 |
| 4-Bedroom | $1,644 | $19,728 |
To afford the FY2026 2-bedroom FMR of $1,240/mo under the 30%-of-income rule, a household needs about
$49,600/yr ($4,133/mo). Area Median Income is $90,300.
At TX's federal minimum wage of $7.25/hr, a worker would need to work 132 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $850 | $996 | $1,240 | $1,599 | $1,644 |
| FY2025 | $944 | $1,106 | $1,377 | $1,776 | $1,826 |
| FY2024 | $875 | $1,011 | $1,266 | $1,632 | $1,686 |
| FY2023 | $710 | $787 | $996 | $1,307 | $1,354 |
| FY2022 | $673 | $716 | $915 | $1,215 | $1,300 |
| FY2021 | $686 | $721 | $934 | $1,252 | $1,398 |
| FY2020 | $649 | $692 | $900 | $1,216 | $1,393 |
FY2026 Income Limits
Area Median Income: $90,300
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $19,000 | $21,700 | $27,320 | $33,000 | $38,680 | $44,360 |
| 50% AMI | $31,650 | $36,150 | $40,650 | $45,150 | $48,800 | $52,400 |
| 80% AMI | $50,600 | $57,800 | $65,050 | $72,250 | $78,050 | $83,850 |