HUD Fair Market Rent · FY 2026 · effective Oct 1, 2025 to Sep 30, 2026
Fair Market Rent in Phillips County, Colorado (FY 2026)
A two-bedroom in Phillips County carries a FY 2026 Fair Market Rent of $1,054 a month, effective October 1, 2025 through September 30, 2026. Everything Section 8 pays in Phillips keys off that figure.
2 bedroom FMR
$1,054
FY 2026, utilities included
Payment standard range
$949 to $1,159
90% to 110% of FMR
Income to afford 2BR
$42,160
per year, at 30% of income
Rank in Colorado
50th of 64
by 2BR FMR
HUD has already published FY 2027. On October 1, 2026 the two-bedroom rate in Phillips moves to $1,137. That's up 8%. 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 | $798 | $718 to $878 | $31,920 | $15.35/hr | +2.4% |
| 1 bedroom | $803 | $723 to $883 | $32,120 | $15.44/hr | +2.4% |
| 2 bedroom | $1,054 | $949 to $1,159 | $42,160 | $20.27/hr | +2.3% |
| 3 bedroom | $1,345 | $1,211 to $1,480 | $53,800 | $25.87/hr | +2.9% |
| 4 bedroom | $1,652 | $1,487 to $1,817 | $66,080 | $31.77/hr | -0.4% |
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 | $1,900 | $1,710 to $2,090 |
| 6 bedroom Estimate | $2,148 | $1,933 to $2,363 |
| 7 bedroom Estimate | $2,395 | $2,156 to $2,635 |
| 8 bedroom Estimate | $2,643 | $2,379 to $2,907 |
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 $798 for a studio up to $1,652 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, Amherst included.
Among Colorado's 64 counties, Phillips ranks 50th for two-bedroom FMR. That's about 15% below the state median of $1,247 and about 4% above the national median county at $1,018. About 4,493 people live here, 54th in the state.
Rates by ZIP code
Zoom in and the picture changes. HUD's Small Area FMRs put a two-bedroom at $1,020 in 80731 (Haxtun) and $1,090 in 80721 (Amherst), with the 4 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 $949 and $1,159. 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.
$1,054 a month is affordable, by HUD's 30% rule, on an income of roughly $42,160 a year. Put another way, $20 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% ($949) | HAP at 100% ($1,054) | HAP at 110% ($1,159) |
|---|---|---|---|---|
| $2,500 | $750 | $199 | $304 | $409 |
| $4,000 | $1,200 | $0 | $0 | $0 |
Rate history
The two-bedroom rate went up 2% from FY 2025 ($1,030) to FY 2026 ($1,054). Since FY 2020 it's up 48% in total, about 6.7% a year. The Colorado median held flat over the same year.
| Year | Studio | 1 BR | 2 BR | 3 BR | 4 BR | 2BR change |
|---|---|---|---|---|---|---|
| FY 2020 | $539 | $542 | $714 | $963 | $1,076 | — |
| FY 2021 | $610 | $614 | $809 | $1,072 | $1,168 | +13.3% |
| FY 2022 | $774 | $779 | $973 | $1,230 | $1,319 | +20.3% |
| FY 2023 | $780 | $785 | $1,002 | $1,219 | $1,346 | +3.0% |
| FY 2024 | $865 | $871 | $1,144 | $1,383 | $1,842 | +14.2% |
| FY 2025 | $779 | $784 | $1,030 | $1,307 | $1,658 | -10.0% |
| FY 2026 | $798 | $803 | $1,054 | $1,345 | $1,652 | +2.3% |
| FY 2027 | $845 | $875 | $1,137 | $1,465 | $1,766 | +7.9% |
Nearby counties
Questions people ask
$1,054 a month for FY 2026, which runs October 1, 2025 through September 30, 2026. The other rates are $798 for a studio, $803 for one bedroom, $1,345 for three and $1,652 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.
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