HUD Fair Market Rent · FY 2026 · effective Oct 1, 2025 to Sep 30, 2026
Fair Market Rent in Denali Borough, Alaska (FY 2026)
A two-bedroom in Denali Borough carries a FY 2026 Fair Market Rent of $1,187 a month, effective October 1, 2025 through September 30, 2026. Everything Section 8 pays in Denali keys off that figure.
2 bedroom FMR
$1,187
FY 2026, utilities included
Payment standard range
$1,068 to $1,306
90% to 110% of FMR
Income to afford 2BR
$47,480
per year, at 30% of income
Rank in Alaska
25th of 30
by 2BR FMR
HUD has already published FY 2027. On October 1, 2026 the two-bedroom rate in Denali moves to $1,220. That's up 3%. The full FY 2027 table is in the history section below.
HUD's number is one input. What does a two-bedroom in Denali actually rent for?
Search any address in Denali for a rent estimate built from nearby comps, with the HUD figure right next to it.
FY 2026 Fair Market Rents
| Bedrooms | FMR | Payment standard | Income needed | Hourly wage | vs FY 2025 |
|---|---|---|---|---|---|
| Studio | $851 | $766 to $936 | $34,040 | $16.37/hr | -5.0% |
| 1 bedroom | $935 | $842 to $1,029 | $37,400 | $17.98/hr | -4.1% |
| 2 bedroom | $1,187 | $1,068 to $1,306 | $47,480 | $22.83/hr | -6.6% |
| 3 bedroom | $1,651 | $1,486 to $1,816 | $66,040 | $31.75/hr | -0.7% |
| 4 bedroom | $1,955 | $1,760 to $2,151 | $78,200 | $37.60/hr | +0.6% |
5 to 8 bedrooms (PropMetrics estimates)
HUD stops at four bedrooms. These add 15% of the four-bedroom rent per extra bedroom. It's our estimate, not a HUD number.
| Bedrooms | Estimated FMR | Payment standard |
|---|---|---|
| 5 bedroom Estimate | $2,248 | $2,023 to $2,473 |
| 6 bedroom Estimate | $2,542 | $2,288 to $2,796 |
| 7 bedroom Estimate | $2,835 | $2,552 to $3,119 |
| 8 bedroom Estimate | $3,128 | $2,815 to $3,441 |
Source: HUD Office of Policy Development and Research, FY 2026 Fair Market Rents. Rents include utilities. huduser.gov
HUD sets Fair Market Rent once a year, based on what typical units in the area actually rent for, with utilities folded in. FY 2026 runs October 1, 2025 through September 30, 2026, and in Denali Borough the five published rates run from $851 to $1,955, studio through four bedrooms.
Denali is a nonmetro borough, so HUD sets its FMR from rents in the borough itself rather than a wider metro. The number applies borough-wide, from Clear on out.
The state median two-bedroom FMR is $1,424. Denali comes in at $1,187, about 17% below that, and ranks 25th of 30 in Alaska. Against the national median county ($1,018) it's about 17% above. Population is around 2,101.
Rates by ZIP code
HUD also publishes Small Area FMRs for the 5 ZIP codes it covers in Denali. Two-bedroom rates run from $1,190 in 99743 (Healy) to $1,300 in 99704 (Clear), a $110 spread inside one borough. Whether your housing authority uses the ZIP rate or the borough rate depends on whether HUD has designated this area for Small Area FMRs. Ask the PHA which one it's on before you price a unit.
What a voucher pays here
The FMR isn't the check you'd receive. Your local housing authority turns it into a payment standard, set between 90% and 110% of FMR, so a two-bedroom here lands between $1,068 and $1,306. Subtract about 30% of the tenant's income and that's the housing assistance payment. If you ask more than similar unassisted units rent for, the PHA's rent reasonableness check will push back.
At the standard 30% of income, a household needs about $47,480 a year to afford $1,187 a month. On a 40-hour week that's $23 an hour.
Worked example for a two-bedroom, assuming the rent equals the payment standard. Tenant pays 30% of monthly income, HUD's housing assistance payment covers the rest.
| Monthly household income | Tenant pays (30%) | HAP at 90% ($1,068) | HAP at 100% ($1,187) | HAP at 110% ($1,306) |
|---|---|---|---|---|
| $2,500 | $750 | $318 | $437 | $556 |
| $4,000 | $1,200 | $0 | $0 | $106 |
Rate history
The two-bedroom rate went down 7% from FY 2025 ($1,271) to FY 2026 ($1,187). Since FY 2020 it's up 23% in total, about -4.2% a year. The Alaska median moved up 1% over the same year.
| Year | Studio | 1 BR | 2 BR | 3 BR | 4 BR | 2BR change |
|---|---|---|---|---|---|---|
| FY 2020 | $1,081 | $1,184 | $1,539 | $1,918 | $2,291 | — |
| FY 2021 | $1,020 | $1,111 | $1,453 | $1,807 | $2,171 | -5.6% |
| FY 2022 | $1,016 | $1,110 | $1,461 | $1,806 | $2,191 | +0.6% |
| FY 2023 | $1,021 | $1,106 | $1,456 | $1,772 | $2,210 | -0.3% |
| FY 2024 | $995 | $1,083 | $1,412 | $1,847 | $2,159 | -3.0% |
| FY 2025 | $896 | $975 | $1,271 | $1,663 | $1,944 | -10.0% |
| FY 2026 | $851 | $935 | $1,187 | $1,651 | $1,955 | -6.6% |
| FY 2027 | $884 | $976 | $1,220 | $1,689 | $2,005 | +2.8% |
Nearby counties
Fairbanks North Star Borough
$1,67680 mi · pop 96,299
Yukon-Koyukuk Census Area
$1,126121 mi · pop 5,355
Matanuska-Susitna Borough
$1,376148 mi · pop 108,661
Southeast Fairbanks Census Area
$1,313179 mi · pop 6,888
Copper River Census Area
$1,130184 mi · pop 2,614
Anchorage Municipality
$1,631197 mi · pop 290,674
Chugach Census Area
$1,506224 mi · pop 7,000
Kenai Peninsula Borough
$1,312252 mi · pop 59,235
Questions people ask
$1,187 a month for FY 2026, which runs October 1, 2025 through September 30, 2026. The other rates are $851 for a studio, $935 for one bedroom, $1,651 for three and $1,955 for four.
Tools for this county
Fair Market Rent lookup
Look up any ZIP code's Small Area FMR by bedroom count.
Section 8 rent calculator
Work out the payment standard and tenant share for a specific rent.
What is Fair Market Rent?
How HUD calculates FMR and what it means for landlords.
Rent affordability calculator
See what income a household needs for a given rent.
What does a rental in Denali actually go for?
HUD's number is one input. Search any address in Denali for a rent estimate built from nearby comps. 3 free searches, no card.
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