HUD Fair Market Rent · FY 2027 · Effective Oct 1, 2026 to Sep 30, 2027
Fair Market Rent in Maricopa County, Arizona (FY 2027)
$1,734 a month. That's HUD's FY 2027 Fair Market Rent for a two-bedroom in Maricopa County, and it's the baseline every voucher in Maricopa is measured against.
Two-bedroom FMR
$1,734
-5.7% from FY 2026
Payment standard
$1,561–$1,907
90% to 110% of the FMR, two-bedroom
Income to afford
$69,360
a year, with rent at 30% of income
Rank in Arizona
1st of 15
by two-bedroom FMR, highest first
FY 2027 Fair Market Rents
Payment standard is the 90% to 110% band a housing authority can set. Income needed puts rent at 30% of gross income, and the hourly wage assumes a 40-hour week.
| Bedrooms | FMR | Payment standard | Income needed | Hourly wage | vs FY 2026 |
|---|---|---|---|---|---|
| Studio | $1,390 | $1,251–$1,529 | $55,600 | $26.73/hr | -4.6% |
| 1 bedroom | $1,493 | $1,344–$1,642 | $59,720 | $28.71/hr | -5.7% |
| 2 bedroom | $1,734 | $1,561–$1,907 | $69,360 | $33.35/hr | -5.7% |
| 3 bedroom | $2,287 | $2,058–$2,516 | $91,480 | $43.98/hr | -6.7% |
| 4 bedroom | $2,537 | $2,283–$2,791 | $101,480 | $48.79/hr | -6.7% |
Five to eight 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 | $2,918 | $2,626–$3,210 |
| 6 bedroom Estimate | $3,298 | $2,968–$3,628 |
| 7 bedroom Estimate | $3,679 | $3,311–$4,047 |
| 8 bedroom Estimate | $4,059 | $3,653–$4,465 |
Source: HUD Office of Policy Development and Research, FY 2027 Fair Market Rents. Rents include utilities. huduser.gov
Market check
Two-bedrooms in Phoenix are asking $1,673. HUD says $1,734.
That's 4% below the county FMR. Median asking rent across 22 Phoenix ZIP codes with active 2BR listings. FMR includes utilities and asking rents usually don't, so the true gap is a little smaller.
No card needed
What a voucher pays here
The voucher doesn't pay the FMR itself. It pays the payment standard. Housing authorities set it anywhere from 90% to 110% of FMR, which puts a two-bedroom standard in Maricopa somewhere between $1,561 and $1,907. The tenant pays roughly 30% of their income, the voucher covers the rest up to the standard, and the PHA won't approve a rent above what comparable unassisted units get.
$1,734 a month is affordable, by HUD's 30% rule, on an income of roughly $69,360 a year. Put another way, $33 an hour full time.
Worked example for a two-bedroom renting at the payment standard. The tenant pays 30% of monthly income and the voucher covers the rest.
| Monthly household income | Tenant pays (30%) | Voucher pays at 90%$1,561 | Voucher pays at 100%$1,734 | Voucher pays at 110%$1,907 |
|---|---|---|---|---|
| $2,500 | $750 | $811 | $984 | $1,157 |
| $4,000 | $1,200 | $361 | $534 | $707 |
Rate history
The two-bedroom rate went down 6% from FY 2026 ($1,839) to FY 2027 ($1,734). Since FY 2020 it's up 48% in total, about 5.7% a year. The Arizona median moved down 9% over the same year.
| Fiscal year | Studio | 1 BR | 2 BR | 3 BR | 4 BR | 2BR change |
|---|---|---|---|---|---|---|
| FY 2020 | $847 | $958 | $1,173 | $1,676 | $1,916 | — |
| FY 2021 | $933 | $1,032 | $1,251 | $1,765 | $2,010 | +6.6% |
| FY 2022 | $1,005 | $1,091 | $1,311 | $1,825 | $2,078 | +4.8% |
| FY 2023 | $1,344 | $1,467 | $1,740 | $2,386 | $2,716 | +32.7% |
| FY 2024 | $1,460 | $1,599 | $1,877 | $2,541 | $2,890 | +7.9% |
| FY 2025 | $1,530 | $1,679 | $1,950 | $2,624 | $2,934 | +3.9% |
| FY 2026 | $1,457 | $1,583 | $1,839 | $2,452 | $2,720 | -5.7% |
| FY 2027In effect | $1,390 | $1,493 | $1,734 | $2,287 | $2,537 | -5.7% |
About this rate
Fair Market Rent is HUD's estimate of what a modest, decent unit rents for in an area, utilities included. It's set once a year and runs October to September. For FY 2027 that's October 1, 2026 through September 30, 2027. In Maricopa, that runs from $1,390 for a studio up to $2,537 for four bedrooms, all five rates in the table above.
This is a metro rate. The county doesn't get one of its own. HUD lumps Maricopa in with one other county in the Phoenix-Mesa-Chandler metro, Pinal County among them, and every one of them gets $1,734 for a two-bedroom. Where you are inside the metro doesn't change the county number. It does change the ZIP number, covered below.
Among Arizona's 15 counties, Maricopa ranks 1st for two-bedroom FMR. That's about 39% above the state median of $1,244 and about 63% above the national median county at $1,063. About 4,559,748 people live here, 1st in the state.
Rates by ZIP code
Zoom in and the picture changes. HUD's Small Area FMRs put a two-bedroom at $1,380 in 85006 (Phoenix) and $2,600 in 85045 (Phoenix), with the 186 ZIP codes in between. Housing authorities in HUD-designated metros use those ZIP rates instead of the county rate. Everywhere else the ZIP numbers show where rents actually sit, and the county rate stays the official standard.
| ZIP | City | 2BR rate | vs county |
|---|---|---|---|
| 85001 | Phoenix | $1,740 | +0.3% |
| 85002 | Phoenix | $1,740 | +0.3% |
| 85003 | Phoenix | $1,610 | -7.2% |
| 85004 | Phoenix | $1,950 | +12.5% |
| 85005 | Phoenix | $1,740 | +0.3% |
| 85006 | Phoenix | $1,380 | -20.4% |
| 85007 | Phoenix | $1,380 | -20.4% |
| 85008 | Phoenix | $1,480 | -14.6% |
| 85009 | Phoenix | $1,380 | -20.4% |
| 85010 | Phoenix | $1,740 | +0.3% |
| 85011 | Phoenix | $1,740 | +0.3% |
| 85012 | Phoenix | $1,870 | +7.8% |
| 85013 | Phoenix | $1,800 | +3.8% |
| 85014 | Phoenix | $1,640 | -5.4% |
| 85015 | Phoenix | $1,410 | -18.7% |
| 85016 | Phoenix | $1,910 | +10.1% |
| 85017 | Phoenix | $1,380 | -20.4% |
| 85018 | Phoenix | $1,760 | +1.5% |
| 85019 | Phoenix | $1,490 | -14.1% |
| 85020 | Phoenix | $1,580 | -8.9% |
| 85021 | Phoenix | $1,440 | -17.0% |
| 85022 | Phoenix | $1,790 | +3.2% |
| 85023 | Phoenix | $1,550 | -10.6% |
| 85024 | Phoenix | $1,970 | +13.6% |
| 85025 | Phoenix | $1,734County rate | — |
| 85026 | Phoenix | $1,740 | +0.3% |
| 85027 | Phoenix | $1,710 | -1.4% |
| 85028 | Phoenix | $2,040 | +17.6% |
| 85029 | Phoenix | $1,540 | -11.2% |
| 85030 | Phoenix | $1,740 | +0.3% |
| 85031 | Phoenix | $1,660 | -4.3% |
| 85032 | Phoenix | $1,590 | -8.3% |
| 85033 | Phoenix | $1,460 | -15.8% |
| 85034 | Phoenix | $1,540 | -11.2% |
| 85035 | Phoenix | $1,500 | -13.5% |
| 85036 | Phoenix | $1,740 | +0.3% |
| 85037 | Phoenix | $1,780 | +2.7% |
| 85038 | Phoenix | $1,734County rate | — |
| 85039 | Phoenix | $1,734County rate | — |
| 85040 | Phoenix | $1,380 | -20.4% |
Counties sharing the Phoenix-Mesa-Chandler metro rate
HUD sets one rate for the whole metro, so every county here carries the same $1,734 two-bedroom figure as Maricopa.
Nearby counties
Two-bedroom FMR, with how each compares to Maricopa.
Pinal County
50 mi · 469,006 people
$1,734
same rate
Gila County
66 mi · 53,795 people
$1,380
-20%
Yavapai County
80 mi · 245,480 people
$1,550
-11%
Pima County
108 mi · 1,060,490 people
$1,405
-19%
La Paz County
121 mi · 16,664 people
$1,038
-40%
Graham County
136 mi · 39,232 people
$1,159
-33%
Coconino County
144 mi · 144,508 people
$1,729
same rate
Navajo County
145 mi · 108,415 people
$1,264
-27%
Questions people ask
$1,734 a month for FY 2027, which runs October 1, 2026 through September 30, 2027. The other rates are $1,390 for a studio, $1,493 for one bedroom, $2,287 for three and $2,537 for four.
Tools for this county
Fair Market Rent lookup
Any ZIP code's Small Area FMR by bedroom count
Section 8 rent calculator
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
The income a household needs for a given rent
What does a rental in Maricopa actually go for?
HUD's number is one input. Search any address in Maricopa for a rent estimate built from nearby comps. Free to start, no card.
Free tier. No credit card.