HUD Fair Market Rent · FY 2026 · effective Oct 1, 2025 to Sep 30, 2026
Fair Market Rent in Phillips County, Arkansas (FY 2026)
A two-bedroom in Phillips County carries a FY 2026 Fair Market Rent of $880 a month, effective October 1, 2025 through September 30, 2026. Everything Section 8 pays in Phillips keys off that figure.
2 bedroom FMR
$880
FY 2026, utilities included
Payment standard range
$792 to $968
90% to 110% of FMR
Income to afford 2BR
$35,200
per year, at 30% of income
Rank in Arkansas
63rd of 75
by 2BR FMR
HUD has already published FY 2027. On October 1, 2026 the two-bedroom rate in Phillips moves to $909. 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 Phillips actually rent for?
Search any address in Phillips 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 | $630 | $567 to $693 | $25,200 | $12.12/hr | +1.9% |
| 1 bedroom | $671 | $604 to $738 | $26,840 | $12.90/hr | +3.9% |
| 2 bedroom | $880 | $792 to $968 | $35,200 | $16.92/hr | +3.8% |
| 3 bedroom | $1,224 | $1,102 to $1,346 | $48,960 | $23.54/hr | +3.0% |
| 4 bedroom | $1,407 | $1,266 to $1,548 | $56,280 | $27.06/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 | $1,618 | $1,456 to $1,780 |
| 6 bedroom Estimate | $1,829 | $1,646 to $2,012 |
| 7 bedroom Estimate | $2,040 | $1,836 to $2,244 |
| 8 bedroom Estimate | $2,251 | $2,026 to $2,476 |
Source: HUD Office of Policy Development and Research, FY 2026 Fair Market Rents. Rents include utilities. huduser.gov
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 2026 that's October 1, 2025 through September 30, 2026. In Phillips, that runs from $630 for a studio up to $1,407 for four bedrooms, all five rates in the table above.
Because Phillips sits outside any HUD metro area, its rate is a county-wide figure built from local rents. One number covers every address in the county, Barton included.
Among Arkansas's 75 counties, Phillips ranks 63rd for two-bedroom FMR. That's within a couple percent of the state median of $880 and about 14% below the national median county at $1,018. About 16,373 people live here, 47th in the state.
Rates by ZIP code
Zoom in and the picture changes. HUD's Small Area FMRs put a two-bedroom at $880 in 72312 (Barton) and $970 in 72342 (Helena), with the 13 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.
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 Phillips somewhere between $792 and $968. 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.
$880 a month is affordable, by HUD's 30% rule, on an income of roughly $35,200 a year. Put another way, $17 an hour full time.
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% ($792) | HAP at 100% ($880) | HAP at 110% ($968) |
|---|---|---|---|---|
| $2,500 | $750 | $42 | $130 | $218 |
| $4,000 | $1,200 | $0 | $0 | $0 |
Rate history
The two-bedroom rate went up 4% from FY 2025 ($848) to FY 2026 ($880). Since FY 2020 it's up 40% in total, about 5.7% a year. The Arkansas median moved up 4% over the same year.
| Year | Studio | 1 BR | 2 BR | 3 BR | 4 BR | 2BR change |
|---|---|---|---|---|---|---|
| FY 2020 | $433 | $478 | $630 | $898 | $1,106 | — |
| FY 2021 | $431 | $496 | $654 | $936 | $1,132 | +3.8% |
| FY 2022 | $432 | $493 | $649 | $920 | $1,111 | -0.8% |
| FY 2023 | $539 | $554 | $720 | $1,023 | $1,226 | +10.9% |
| FY 2024 | $604 | $622 | $814 | $1,147 | $1,381 | +13.1% |
| FY 2025 | $618 | $646 | $848 | $1,188 | $1,398 | +4.2% |
| FY 2026 | $630 | $671 | $880 | $1,224 | $1,407 | +3.8% |
| FY 2027 | $646 | $695 | $909 | $1,259 | $1,367 | +3.3% |
Nearby counties
Questions people ask
$880 a month for FY 2026, which runs October 1, 2025 through September 30, 2026. The other rates are $630 for a studio, $671 for one bedroom, $1,224 for three and $1,407 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 Phillips actually go for?
HUD's number is one input. Search any address in Phillips for a rent estimate built from nearby comps. 3 free searches, no card.
Free tier. No credit card.