HUD FY2023 Fair Market Rent Release
National summary of HUD's FY2023 Fair Market Rents. · ← FY2022 · FY2024 →
$1,002
National median 2BR
$444–$3,293
Metro range
646
U.S. metros
+9.4%
vs FY2022 national median
Biggest 2BR rent increases vs FY2022
| Metro | State | FY2022 | FY2023 | Change |
|---|---|---|---|---|
| Salinas, CA MSA | CA | $1,967 | $2,675 | +$708 (+36%) |
| Phoenix-Mesa-Scottsdale, AZ MSA | AZ | $1,311 | $1,740 | +$429 (+32.7%) |
| San Benito County, CA HUD Metro FMR Area | CA | $1,649 | $2,155 | +$506 (+30.7%) |
| King and Queen County, VA HUD Metro FMR Area | VA | $718 | $902 | +$184 (+25.6%) |
| Washington County, AL HUD Metro FMR Area | AL | $705 | $883 | +$178 (+25.2%) |
| Tampa-St. Petersburg-Clearwater, FL MSA | FL | $1,347 | $1,659 | +$312 (+23.2%) |
| Windham County, CT HUD Metro FMR Area | CT | $1,110 | $1,361 | +$251 (+22.6%) |
| Hudspeth County, TX HUD Metro FMR Area | TX | $757 | $918 | +$161 (+21.3%) |
| Chattanooga, TN-GA MSA | GA | $883 | $1,067 | +$184 (+20.8%) |
| Lake County, MN HUD Metro FMR Area | MN | $826 | $997 | +$171 (+20.7%) |
Top 10 most expensive metros (FY2023 2BR)
- Santa Cruz-Watsonville, CA MSA, CA$3,293
- San Francisco, CA HUD Metro FMR Area, CA$3,188
- San Francisco-Oakland-Fremont, CA HUD Metro FMR Area, CA$3,056
- San Jose-Sunnyvale-Santa Clara, CA HUD Metro FMR Area, CA$2,941
- Salinas, CA MSA, CA$2,675
- Santa Maria-Santa Barbara, CA MSA, CA$2,667
- Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, MA$2,635
- Stamford-Norwalk, CT HUD Metro FMR Area, CT$2,563
- Santa Ana-Anaheim-Irvine, CA HUD Metro FMR Area, CA$2,539
- New York, NY HUD Metro FMR Area, NY$2,451
Top 10 most affordable metros (FY2023 2BR)
- Yauco, PR MSA, PR$444
- Guayama, PR MSA, PR$456
- San Germán, PR MSA, PR$471
- Barranquitas-Aibonito, PR HUD Metro FMR Area, PR$478
- Aguadilla-Isabela, PR HUD Metro FMR Area, PR$485
- Ponce, PR HUD Metro FMR Area, PR$486
- Arecibo, PR MSA, PR$489
- Mayagüez, PR MSA, PR$507
- Caguas, PR HUD Metro FMR Area, PR$522
- Fajardo, PR HUD Metro FMR Area, PR$549