HUD Fair Market Rent · FY 2026 · effective Oct 1, 2025 to Sep 30, 2026
Fair Market Rent in Monroe County, Florida (FY 2026)
HUD's FY 2026 Fair Market Rent for a two-bedroom in Monroe County is $2,504 a month. That's the number the housing authority starts from when it sets Section 8 payment standards here.
2 bedroom FMR
$2,504
FY 2026, utilities included
Payment standard range
$2,254 to $2,754
90% to 110% of FMR
Income to afford 2BR
$100,160
per year, at 30% of income
Rank in Florida
1st of 67
by 2BR FMR
HUD has already published FY 2027. On October 1, 2026 the two-bedroom rate in Monroe moves to $2,254. That's down 10%. The full FY 2027 table is in the history section below.
HUD's number is one input. What does a two-bedroom in Monroe actually rent for?
Search any address in Monroe 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 | $1,726 | $1,553 to $1,899 | $69,040 | $33.19/hr | +10.3% |
| 1 bedroom | $2,211 | $1,990 to $2,432 | $88,440 | $42.52/hr | +16.2% |
| 2 bedroom | $2,504 | $2,254 to $2,754 | $100,160 | $48.15/hr | +10.1% |
| 3 bedroom | $3,303 | $2,973 to $3,633 | $132,120 | $63.52/hr | +9.2% |
| 4 bedroom | $3,315 | $2,984 to $3,647 | $132,600 | $63.75/hr | -0.9% |
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 | $3,812 | $3,431 to $4,193 |
| 6 bedroom Estimate | $4,310 | $3,879 to $4,741 |
| 7 bedroom Estimate | $4,807 | $4,326 to $5,288 |
| 8 bedroom Estimate | $5,304 | $4,774 to $5,834 |
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 Monroe, that runs from $1,726 for a studio up to $3,315 for four bedrooms, all five rates in the table above.
Because Monroe 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, Key West included.
Among Florida's 67 counties, Monroe ranks 1st for two-bedroom FMR. That's about 70% above the state median of $1,471 and about 146% above the national median county at $1,018. About 82,044 people live here, 38th in the state.
Rates by ZIP code
Zoom in and the picture changes. HUD's Small Area FMRs put a two-bedroom at $2,050 in 33050 (Marathon) and $2,910 in 33042 (Summerland Key), with the 12 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 |
|---|---|---|---|
| 33001 | Long Key | $2,390 | -4.6% |
| 33036 | Islamorada | $2,430 | -3.0% |
| 33037 | Key Largo | $2,450 | -2.2% |
| 33040 | Key West | $2,800 | +11.8% |
| 33041 | Key West | $2,500 | -0.2% |
| 33042 | Summerland Key | $2,910 | +16.2% |
| 33043 | Big Pine Key | $2,510 | +0.2% |
| 33045 | Key West | $2,500 | -0.2% |
| 33050 | Marathon | $2,050 | -18.1% |
| 33051 | Key Colony Beach | $2,230 | -10.9% |
| 33052 | Marathon Shores | $2,500 | -0.2% |
| 33070 | Tavernier | $2,330 | -6.9% |
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 Monroe somewhere between $2,254 and $2,754. 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.
$2,504 a month is affordable, by HUD's 30% rule, on an income of roughly $100,160 a year. Put another way, $48 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% ($2,254) | HAP at 100% ($2,504) | HAP at 110% ($2,754) |
|---|---|---|---|---|
| $2,500 | $750 | $1,504 | $1,754 | $2,004 |
| $4,000 | $1,200 | $1,054 | $1,304 | $1,554 |
Rate history
The two-bedroom rate went up 10% from FY 2025 ($2,274) to FY 2026 ($2,504). Since FY 2020 it's up 45% in total, about 6.4% a year. The Florida median moved up 3% over the same year.
| Year | Studio | 1 BR | 2 BR | 3 BR | 4 BR | 2BR change |
|---|---|---|---|---|---|---|
| FY 2020 | $1,195 | $1,327 | $1,728 | $2,287 | $2,903 | — |
| FY 2021 | $1,301 | $1,344 | $1,744 | $2,257 | $2,996 | +0.9% |
| FY 2022 | $1,333 | $1,370 | $1,759 | $2,261 | $2,993 | +0.9% |
| FY 2023 | $1,497 | $1,597 | $2,023 | $2,569 | $3,433 | +15.0% |
| FY 2024 | $1,556 | $1,730 | $2,139 | $2,812 | $3,426 | +5.7% |
| FY 2025 | $1,565 | $1,903 | $2,274 | $3,026 | $3,344 | +6.3% |
| FY 2026 | $1,726 | $2,211 | $2,504 | $3,303 | $3,315 | +10.1% |
| FY 2027 | $1,554 | $1,990 | $2,254 | $2,973 | $2,984 | -10.0% |
Nearby counties
Miami-Dade County
$2,43689 mi · pop 2,688,237
Collier County
$1,98699 mi · pop 380,221
Broward County
$2,333112 mi · pop 1,940,907
Lee County
$1,961133 mi · pop 772,902
Hendry County
$1,271134 mi · pop 39,902
Palm Beach County
$2,254142 mi · pop 1,494,805
Glades County
$1,252148 mi · pop 12,179
Charlotte County
$1,470162 mi · pop 189,900
Questions people ask
$2,504 a month for FY 2026, which runs October 1, 2025 through September 30, 2026. The other rates are $1,726 for a studio, $2,211 for one bedroom, $3,303 for three and $3,315 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 Monroe actually go for?
HUD's number is one input. Search any address in Monroe for a rent estimate built from nearby comps. 3 free searches, no card.
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