FY2026 Fair Market Rents — Lexington city

Studio
$870
1BR
$917
2BR
$1,005
3BR
$1,398
4BR
$1,686

Lexington city, Virginia

FIPS 51678 · County-level FMR and income limit data

FMR Area: Rockbridge County-Buena Vista city-Lexington city, VA HUD Nonmetro FMR Area

FY2026 Fair Market Rents

Bedroom Size Monthly FMR Annual Equivalent
Efficiency (Studio) $870 $10,440
1-Bedroom $917 $11,004
2-Bedroom $1,005 $12,060
3-Bedroom $1,398 $16,776
4-Bedroom $1,686 $20,232
To afford the FY2026 2-bedroom FMR of $1,005/mo under the 30%-of-income rule, a household needs about $40,200/yr ($3,350/mo). Area Median Income is $85,700.
At VA's state minimum wage of $12.41/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 $870 $917 $1,005 $1,398 $1,686
FY2025 $777 $812 $899 $1,260 $1,510
FY2024 $772 $842 $945 $1,332 $1,466
FY2023 $615 $735 $830 $1,172 $1,197
FY2022 $520 $660 $762 $1,030 $1,033
FY2021 $508 $620 $770 $1,029 $1,049
FY2020 $519 $665 $797 $1,060 $1,165

Full FMR history →

FY2026 Income Limits

Area Median Income: $85,700

Income Level 1p 2p 3p 4p 5p 6p
30% AMI $18,000 $21,640 $27,320 $33,000 $38,680 $44,360
50% AMI $30,000 $34,300 $38,600 $42,850 $46,300 $49,750
80% AMI $48,000 $54,850 $61,700 $68,550 $74,050 $79,550

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