HUD Fair Market Rent · FY 2027 · Effective Oct 1, 2026 to Sep 30, 2027
Fair Market Rent in Palm Beach County, Florida (FY 2027)
HUD's FY 2027 Fair Market Rent for a two-bedroom in Palm Beach County is $2,349 a month. That's the number the housing authority starts from when it sets Section 8 payment standards here.
Two-bedroom FMR
$2,349
+4.2% from FY 2026
Payment standard
$2,114–$2,584
90% to 110% of the FMR, two-bedroom
Income to afford
$93,960
a year, with rent at 30% of income
Rank in Florida
2nd 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 | $1,907 | $1,716–$2,098 | $76,280 | $36.67/hr | +6.7% |
| 1 bedroom | $2,008 | $1,807–$2,209 | $80,320 | $38.62/hr | +5.6% |
| 2 bedroom | $2,349 | $2,114–$2,584 | $93,960 | $45.17/hr | +4.2% |
| 3 bedroom | $3,052 | $2,747–$3,357 | $122,080 | $58.69/hr | +4.5% |
| 4 bedroom | $3,523 | $3,171–$3,875 | $140,920 | $67.75/hr | +4.0% |
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 | $4,051 | $3,646–$4,456 |
| 6 bedroom Estimate | $4,580 | $4,122–$5,038 |
| 7 bedroom Estimate | $5,108 | $4,597–$5,619 |
| 8 bedroom Estimate | $5,637 | $5,073–$6,201 |
Source: HUD Office of Policy Development and Research, FY 2027 Fair Market Rents. Rents include utilities. huduser.gov
Market check
HUD's number is one input. What does a two-bedroom in Palm Beach actually rent for?
Search any address in Palm Beach for a rent estimate built from nearby comps, with the HUD figure right next to it.
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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 Palm Beach somewhere between $2,114 and $2,584. 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.
$2,349 a month is affordable, by HUD's 30% rule, on an income of roughly $93,960 a year. Put another way, $45 an hour full time.
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%$2,114 | Voucher pays at 100%$2,349 | Voucher pays at 110%$2,584 |
|---|---|---|---|---|
| $2,500 | $750 | $1,364 | $1,599 | $1,834 |
| $4,000 | $1,200 | $914 | $1,149 | $1,384 |
Rate history
The two-bedroom rate went up 4% from FY 2026 ($2,254) to FY 2027 ($2,349). Since FY 2020 it's up 56% in total, about 6.6% 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 | $1,015 | $1,208 | $1,506 | $2,043 | $2,422 | — |
| FY 2021 | $983 | $1,180 | $1,468 | $1,984 | $2,387 | -2.5% |
| FY 2022 | $1,049 | $1,274 | $1,578 | $2,120 | $2,575 | +7.5% |
| FY 2023 | $1,258 | $1,538 | $1,881 | $2,513 | $3,074 | +19.2% |
| FY 2024 | $1,573 | $1,851 | $2,226 | $2,942 | $3,556 | +18.3% |
| FY 2025 | $1,639 | $1,830 | $2,187 | $2,856 | $3,415 | -1.8% |
| FY 2026 | $1,788 | $1,901 | $2,254 | $2,920 | $3,388 | +3.1% |
| FY 2027In effect | $1,907 | $2,008 | $2,349 | $3,052 | $3,523 | +4.2% |
About this rate
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 2027 that's October 1, 2026 through September 30, 2027. In Palm Beach, that runs from $1,907 for a studio up to $3,523 for four bedrooms, all five rates in the table above.
Palm Beach is its own HUD metro area (West Palm Beach-Boca Raton, FL), so the rate here is set from rents inside the county rather than a wider region.
Among Florida's 67 counties, Palm Beach ranks 2nd for two-bedroom FMR. That's about 59% above the state median of $1,474 and about 121% above the national median county at $1,063. About 1,533,806 people live here, 3rd in the state.
Rates by ZIP code
Zoom in and the picture changes. HUD's Small Area FMRs put a two-bedroom at $1,100 in 33430 (Belle Glade) and $3,520 in 33449 (Lake Worth), with the 72 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 |
|---|---|---|---|
| 33401 | West Palm Beach | $2,300 | -2.1% |
| 33402 | West Palm Beach | $2,350 | +0.0% |
| 33403 | West Palm Beach | $1,900 | -19.1% |
| 33404 | West Palm Beach | $1,850 | -21.2% |
| 33405 | West Palm Beach | $1,930 | -17.8% |
| 33406 | West Palm Beach | $2,170 | -7.6% |
| 33407 | West Palm Beach | $2,210 | -5.9% |
| 33408 | North Palm Beach | $2,420 | +3.0% |
| 33409 | West Palm Beach | $2,300 | -2.1% |
| 33410 | Palm Beach Gardens | $2,710 | +15.4% |
| 33411 | West Palm Beach | $2,450 | +4.3% |
| 33412 | West Palm Beach | $2,640 | +12.4% |
| 33413 | West Palm Beach | $2,600 | +10.7% |
| 33414 | Wellington | $2,990 | +27.3% |
| 33415 | West Palm Beach | $2,170 | -7.6% |
| 33416 | West Palm Beach | $2,350 | +0.0% |
| 33417 | West Palm Beach | $2,400 | +2.2% |
| 33418 | Palm Beach Gardens | $3,020 | +28.6% |
| 33419 | West Palm Beach | $2,350 | +0.0% |
| 33420 | West Palm Beach | $2,350 | +0.0% |
| 33421 | Royal Palm Beach | $2,350 | +0.0% |
| 33422 | West Palm Beach | $2,350 | +0.0% |
| 33424 | Boynton Beach | $2,350 | +0.0% |
| 33425 | Boynton Beach | $2,350 | +0.0% |
| 33426 | Boynton Beach | $2,580 | +9.8% |
| 33427 | Boca Raton | $2,350 | +0.0% |
| 33428 | Boca Raton | $3,020 | +28.6% |
| 33429 | Boca Raton | $2,350 | +0.0% |
| 33430 | Belle Glade | $1,100 | -53.2% |
| 33431 | Boca Raton | $3,140 | +33.7% |
| 33432 | Boca Raton | $3,200 | +36.2% |
| 33433 | Boca Raton | $2,880 | +22.6% |
| 33434 | Boca Raton | $1,970 | -16.1% |
| 33435 | Boynton Beach | $2,520 | +7.3% |
| 33436 | Boynton Beach | $2,430 | +3.4% |
| 33437 | Boynton Beach | $2,510 | +6.9% |
| 33438 | Canal Point | $1,670 | -28.9% |
| 33444 | Delray Beach | $2,190 | -6.8% |
| 33445 | Delray Beach | $2,480 | +5.6% |
| 33446 | Delray Beach | $2,240 | -4.6% |
Nearby counties
Two-bedroom FMR, with how each compares to Palm Beach.
Broward County
32 mi · 1,977,129 people
$2,321
-1%
Martin County
39 mi · 162,176 people
$2,069
-12%
St. Lucie County
55 mi · 360,500 people
$2,069
-12%
Miami-Dade County
58 mi · 2,738,356 people
$2,564
+9%
Okeechobee County
65 mi · 40,816 people
$1,212
-48%
Glades County
71 mi · 12,563 people
$1,127
-52%
Hendry County
72 mi · 42,382 people
$1,144
-51%
Indian River County
77 mi · 166,936 people
$1,542
-34%
Questions people ask
$2,349 a month for FY 2027, which runs October 1, 2026 through September 30, 2027. The other rates are $1,907 for a studio, $2,008 for one bedroom, $3,052 for three and $3,523 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 Palm Beach actually go for?
HUD's number is one input. Search any address in Palm Beach for a rent estimate built from nearby comps. Free to start, no card.
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