FY2026 Fair Market Rents — Lee County
Studio
$693
1BR
$697
2BR
$914
3BR
$1,226
4BR
$1,429
Lee County, Virginia
FIPS 51105 · County-level FMR and income limit data
FMR Area: Lee County, VA
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $693 | $8,316 |
| 1-Bedroom | $697 | $8,364 |
| 2-Bedroom | $914 | $10,968 |
| 3-Bedroom | $1,226 | $14,712 |
| 4-Bedroom | $1,429 | $17,148 |
To afford the FY2026 2-bedroom FMR of $914/mo under the 30%-of-income rule, a household needs about
$36,560/yr ($3,047/mo). Area Median Income is $65,200.
At VA's state minimum wage of $12.41/hr, a worker would need to work 57 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $693 | $697 | $914 | $1,226 | $1,429 |
| FY2025 | $688 | $698 | $851 | $1,107 | $1,330 |
| FY2024 | $739 | $775 | $905 | $1,157 | $1,388 |
| FY2023 | $588 | $675 | $793 | $1,014 | $1,173 |
| FY2022 | $479 | $616 | $702 | $898 | $1,038 |
| FY2021 | $472 | $599 | $701 | $899 | $1,013 |
| FY2020 | $482 | $617 | $714 | $950 | $1,041 |
FY2026 Income Limits
Area Median Income: $65,200
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $16,800 | $21,640 | $27,320 | $33,000 | $38,680 | $44,360 |
| 50% AMI | $28,000 | $32,000 | $36,000 | $39,950 | $43,150 | $46,350 |
| 80% AMI | $44,750 | $51,150 | $57,550 | $63,900 | $69,050 | $74,150 |