HUD FY2024 Fair Market Rent Release
National summary of HUD's FY2024 Fair Market Rents. · ← FY2023 · FY2025 →
$1,125
National median 2BR
$473–$4,054
Metro range
646
U.S. metros
+12.2%
vs FY2023 national median
Biggest 2BR rent increases vs FY2023
| Metro | State | FY2023 | FY2024 | Change |
|---|---|---|---|---|
| Jacksonville, NC MSA | NC | $951 | $1,274 | +$323 (+34%) |
| Tate County, MS HUD Metro FMR Area | MS | $773 | $1,013 | +$240 (+31%) |
| Hickory-Lenoir-Morganton, NC MSA | NC | $791 | $1,014 | +$223 (+28.2%) |
| Portsmouth-Rochester, NH HUD Metro FMR Area | NH | $1,563 | $2,003 | +$440 (+28.2%) |
| Waco, TX HUD Metro FMR Area | TX | $996 | $1,266 | +$270 (+27.1%) |
| Baton Rouge, LA HUD Metro FMR Area | LA | $1,005 | $1,277 | +$272 (+27.1%) |
| Indianapolis, IN HUD Metro FMR Area | IN | $1,065 | $1,349 | +$284 (+26.7%) |
| Clarksville, TN-KY MSA | KY | $985 | $1,246 | +$261 (+26.5%) |
| Marshall County, MS HUD Metro FMR Area | MS | $831 | $1,047 | +$216 (+26%) |
| Tunica County, MS HUD Metro FMR Area | MS | $946 | $1,191 | +$245 (+25.9%) |
Top 10 most expensive metros (FY2024 2BR)
- Santa Cruz-Watsonville, CA MSA, CA$4,054
- San Francisco, CA HUD Metro FMR Area, CA$3,359
- San Francisco-Oakland-Fremont, CA HUD Metro FMR Area, CA$3,135
- San Jose-Sunnyvale-Santa Clara, CA HUD Metro FMR Area, CA$3,132
- Santa Maria-Santa Barbara, CA MSA, CA$2,994
- Salinas, CA MSA, CA$2,879
- San Diego-Carlsbad, CA MSA, CA$2,833
- Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, MA$2,827
- Santa Ana-Anaheim-Irvine, CA HUD Metro FMR Area, CA$2,783
- New York, NY HUD Metro FMR Area, NY$2,752
Top 10 most affordable metros (FY2024 2BR)
- Yauco, PR MSA, PR$473
- Guayama, PR MSA, PR$485
- Aguadilla-Isabela, PR HUD Metro FMR Area, PR$519
- San Germán, PR MSA, PR$520
- Arecibo, PR MSA, PR$522
- Ponce, PR HUD Metro FMR Area, PR$524
- Barranquitas-Aibonito, PR HUD Metro FMR Area, PR$526
- Mayagüez, PR MSA, PR$532
- Caguas, PR HUD Metro FMR Area, PR$589
- Fajardo, PR HUD Metro FMR Area, PR$616