HUD Fair Market Rent · FY 2027 · Effective Oct 1, 2026 to Sep 30, 2027
Fair Market Rent in Miami-Dade County, Florida (FY 2027)
$2,564 a month. That's HUD's FY 2027 Fair Market Rent for a two-bedroom in Miami-Dade County, and it's the baseline every voucher in Miami-Dade is measured against.
Two-bedroom FMR
$2,564
+5.3% from FY 2026
Payment standard
$2,308–$2,820
90% to 110% of the FMR, two-bedroom
Income to afford
$102,560
a year, with rent at 30% of income
Rank in Florida
1st of 67
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 | $1,953 | $1,758–$2,148 | $78,120 | $37.56/hr | +6.8% |
| 1 bedroom | $2,121 | $1,909–$2,333 | $84,840 | $40.79/hr | +6.3% |
| 2 bedroom | $2,564 | $2,308–$2,820 | $102,560 | $49.31/hr | +5.3% |
| 3 bedroom | $3,277 | $2,949–$3,605 | $131,080 | $63.02/hr | +4.8% |
| 4 bedroom | $3,749 | $3,374–$4,124 | $149,960 | $72.10/hr | +3.8% |
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 | $4,311 | $3,880–$4,742 |
| 6 bedroom Estimate | $4,874 | $4,387–$5,361 |
| 7 bedroom Estimate | $5,436 | $4,892–$5,980 |
| 8 bedroom Estimate | $5,998 | $5,398–$6,598 |
Source: HUD Office of Policy Development and Research, FY 2027 Fair Market Rents. Rents include utilities. huduser.gov
Market check
Two-bedrooms in Miami are asking $3,327. HUD says $2,564.
That's 30% above the county FMR. Median asking rent across 22 Miami 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 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 $2,308 and $2,820. 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 $102,560 a year to afford $2,564 a month. On a 40-hour week that's $49 an hour.
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%$2,308 | Voucher pays at 100%$2,564 | Voucher pays at 110%$2,820 |
|---|---|---|---|---|
| $2,500 | $750 | $1,558 | $1,814 | $2,070 |
| $4,000 | $1,200 | $1,108 | $1,364 | $1,620 |
Rate history
The two-bedroom rate went up 5% from FY 2026 ($2,436) to FY 2027 ($2,564). Since FY 2020 it's up 58% in total, about 6.7% a year. The Florida median held flat over the same year.
| Fiscal year | Studio | 1 BR | 2 BR | 3 BR | 4 BR | 2BR change |
|---|---|---|---|---|---|---|
| FY 2020 | $1,084 | $1,285 | $1,625 | $2,164 | $2,621 | — |
| FY 2021 | $1,057 | $1,231 | $1,551 | $2,068 | $2,483 | -4.6% |
| FY 2022 | $1,162 | $1,332 | $1,672 | $2,220 | $2,631 | +7.8% |
| FY 2023 | $1,362 | $1,546 | $1,923 | $2,530 | $2,997 | +15.0% |
| FY 2024 | $1,683 | $1,884 | $2,324 | $3,027 | $3,589 | +20.9% |
| FY 2025 | $1,711 | $1,898 | $2,329 | $3,008 | $3,527 | +0.2% |
| FY 2026 | $1,828 | $1,995 | $2,436 | $3,127 | $3,613 | +4.6% |
| FY 2027In effect | $1,953 | $2,121 | $2,564 | $3,277 | $3,749 | +5.3% |
About this rate
HUD sets Fair Market Rent once a year, based on what typical units in the area actually rent for, with utilities folded in. FY 2027 runs October 1, 2026 through September 30, 2027, and in Miami-Dade County the five published rates run from $1,953 to $3,749, studio through four bedrooms.
Miami-Dade is its own HUD metro area (Miami-Miami Beach-Kendall, FL), so the rate here is set from rents inside the county rather than a wider region.
The state median two-bedroom FMR is $1,474. Miami-Dade comes in at $2,564, about 74% above that, and ranks 1st of 67 in Florida. Against the national median county ($1,063) it's about 141% above. Population is around 2,738,356.
Rates by ZIP code
HUD also publishes Small Area FMRs for the 118 ZIP codes it covers in Miami-Dade. Two-bedroom rates run from $2,010 in 33034 (Homestead) to $3,850 in 33131 (Miami), a $1,840 spread inside one county. Whether your housing authority uses the ZIP rate or the county 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.
| ZIP | City | 2BR rate | vs county |
|---|---|---|---|
| 33002 | Hialeah | $2,560 | -0.2% |
| 33010 | Hialeah | $2,260 | -11.9% |
| 33011 | Hialeah | $2,560 | -0.2% |
| 33012 | Hialeah | $2,510 | -2.1% |
| 33013 | Hialeah | $2,270 | -11.5% |
| 33014 | Hialeah | $2,700 | +5.3% |
| 33015 | Hialeah | $2,860 | +11.5% |
| 33016 | Hialeah | $2,670 | +4.1% |
| 33017 | Hialeah | $2,560 | -0.2% |
| 33018 | Hialeah | $2,830 | +10.4% |
| 33030 | Homestead | $2,050 | -20.0% |
| 33031 | Homestead | $2,510 | -2.1% |
| 33032 | Homestead | $2,360 | -8.0% |
| 33033 | Homestead | $2,270 | -11.5% |
| 33034 | Homestead | $2,010 | -21.6% |
| 33035 | Homestead | $2,720 | +6.1% |
| 33039 | Homestead | $2,560 | -0.2% |
| 33054 | Opa Locka | $2,090 | -18.5% |
| 33055 | Opa Locka | $2,450 | -4.4% |
| 33056 | Miami Gardens | $2,440 | -4.8% |
| 33090 | Homestead | $2,560 | -0.2% |
| 33092 | Homestead | $2,560 | -0.2% |
| 33101 | Miami | $2,560 | -0.2% |
| 33102 | Miami | $2,564County rate | — |
| 33106 | Miami | $2,560 | -0.2% |
| 33109 | Miami Beach | $3,690 | +43.9% |
| 33111 | Miami | $2,564County rate | — |
| 33114 | Coral Gables | $2,560 | -0.2% |
| 33116 | Miami | $2,560 | -0.2% |
| 33119 | Miami Beach | $2,560 | -0.2% |
| 33122 | Miami | $3,500 | +36.5% |
| 33124 | Miami | $2,560 | -0.2% |
| 33125 | Miami | $2,470 | -3.7% |
| 33126 | Miami | $2,690 | +4.9% |
| 33127 | Miami | $2,060 | -19.7% |
| 33128 | Miami | $2,120 | -17.3% |
| 33129 | Miami | $3,220 | +25.6% |
| 33130 | Miami | $2,780 | +8.4% |
| 33131 | Miami | $3,850 | +50.2% |
| 33132 | Miami | $3,850 | +50.2% |
Nearby counties
Two-bedroom FMR, with how each compares to Miami-Dade.
Broward County
26 mi · 1,977,129 people
$2,321
-9%
Palm Beach County
58 mi · 1,533,806 people
$2,349
-8%
Collier County
88 mi · 398,291 people
$2,036
-21%
Monroe County
89 mi · 81,860 people
$2,254
-12%
Hendry County
91 mi · 42,382 people
$1,144
-55%
Martin County
96 mi · 162,176 people
$2,069
-19%
Glades County
99 mi · 12,563 people
$1,127
-56%
St. Lucie County
111 mi · 360,500 people
$2,069
-19%
Questions people ask
$2,564 a month for FY 2027, which runs October 1, 2026 through September 30, 2027. The other rates are $1,953 for a studio, $2,121 for one bedroom, $3,277 for three and $3,749 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 Miami-Dade actually go for?
HUD's number is one input. Search any address in Miami-Dade for a rent estimate built from nearby comps. Free to start, no card.
Free tier. No credit card.