HUD Fair Market Rent · FY 2026 · effective Oct 1, 2025 to Sep 30, 2026
Fair Market Rent in Pitkin County, Colorado (FY 2026)
HUD's FY 2026 Fair Market Rent for a two-bedroom in Pitkin County is $2,214 a month. That's the number the housing authority starts from when it sets Section 8 payment standards here.
2 bedroom FMR
$2,214
FY 2026, utilities included
Payment standard range
$1,993 to $2,435
90% to 110% of FMR
Income to afford 2BR
$88,560
per year, at 30% of income
Rank in Colorado
3rd of 64
by 2BR FMR
HUD has already published FY 2027. On October 1, 2026 the two-bedroom rate in Pitkin moves to $2,597. That's up 17%. The full FY 2027 table is in the history section below.
HUD's number is one input. What does a two-bedroom in Pitkin actually rent for?
Search any address in Pitkin 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 | $1,526 | $1,373 to $1,679 | $61,040 | $29.35/hr | -4.4% |
| 1 bedroom | $2,020 | $1,818 to $2,222 | $80,800 | $38.85/hr | +2.9% |
| 2 bedroom | $2,214 | $1,993 to $2,435 | $88,560 | $42.58/hr | +1.8% |
| 3 bedroom | $2,826 | $2,543 to $3,109 | $113,040 | $54.35/hr | +1.7% |
| 4 bedroom | $3,471 | $3,124 to $3,818 | $138,840 | $66.75/hr | -0.2% |
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 | $3,992 | $3,593 to $4,391 |
| 6 bedroom Estimate | $4,512 | $4,061 to $4,963 |
| 7 bedroom Estimate | $5,033 | $4,530 to $5,536 |
| 8 bedroom Estimate | $5,554 | $4,999 to $6,109 |
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 Pitkin, that runs from $1,526 for a studio up to $3,471 for four bedrooms, all five rates in the table above.
Because Pitkin 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, Aspen included.
Among Colorado's 64 counties, Pitkin ranks 3rd for two-bedroom FMR. That's about 78% above the state median of $1,247 and about 117% above the national median county at $1,018. About 17,325 people live here, 29th in the state.
Rates by ZIP code
Zoom in and the picture changes. HUD's Small Area FMRs put a two-bedroom at $2,090 in 81612 (Aspen) and $2,370 in 81656 (Woody Creek), with the 6 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 Pitkin somewhere between $1,993 and $2,435. 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.
$2,214 a month is affordable, by HUD's 30% rule, on an income of roughly $88,560 a year. Put another way, $43 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% ($1,993) | HAP at 100% ($2,214) | HAP at 110% ($2,435) |
|---|---|---|---|---|
| $2,500 | $750 | $1,243 | $1,464 | $1,685 |
| $4,000 | $1,200 | $793 | $1,014 | $1,235 |
Rate history
The two-bedroom rate went up 2% from FY 2025 ($2,174) to FY 2026 ($2,214). Since FY 2020 it's up 40% in total, about 5.8% 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 | $1,029 | $1,199 | $1,579 | $2,131 | $2,139 | — |
| FY 2021 | $1,129 | $1,298 | $1,711 | $2,312 | $2,320 | +8.4% |
| FY 2022 | $1,230 | $1,435 | $1,851 | $2,576 | $2,841 | +8.2% |
| FY 2023 | $1,366 | $1,590 | $1,910 | $2,325 | $3,179 | +3.2% |
| FY 2024 | $1,630 | $1,835 | $2,060 | $2,491 | $3,317 | +7.9% |
| FY 2025 | $1,597 | $1,963 | $2,174 | $2,778 | $3,477 | +5.5% |
| FY 2026 | $1,526 | $2,020 | $2,214 | $2,826 | $3,471 | +1.8% |
| FY 2027 | $1,808 | $2,169 | $2,597 | $3,346 | $4,033 | +17.3% |
Nearby counties
Questions people ask
$2,214 a month for FY 2026, which runs October 1, 2025 through September 30, 2026. The other rates are $1,526 for a studio, $2,020 for one bedroom, $2,826 for three and $3,471 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 Pitkin actually go for?
HUD's number is one input. Search any address in Pitkin for a rent estimate built from nearby comps. 3 free searches, no card.
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