HUD Fair Market Rent · FY 2026 · Effective Oct 1, 2025 to Sep 30, 2026
Fair Market Rent in Gallatin County, Kentucky (FY 2026)
$1,353 a month. That's HUD's FY 2026 Fair Market Rent for a two-bedroom in Gallatin County, and it's the baseline every voucher in Gallatin is measured against.
Two-bedroom FMR
$1,353
+5.1% from FY 2025
Payment standard
$1,218–$1,488
90% to 110% of the FMR, two-bedroom
Income to afford
$54,120
a year, with rent at 30% of income
Rank in Kentucky
4th of 120
by two-bedroom FMR, highest first
HUD has already published FY 2027. On October 1, 2026 the two-bedroom rate in Gallatin moves to $1,442. That's up 7%. The full FY 2027 table is in the history section below.
FY 2026 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 2025 |
|---|---|---|---|---|---|
| Studio | $958 | $862–$1,054 | $38,320 | $18.42/hr | +8.5% |
| 1 bedroom | $1,051 | $946–$1,156 | $42,040 | $20.21/hr | +5.8% |
| 2 bedroom | $1,353 | $1,218–$1,488 | $54,120 | $26.02/hr | +5.1% |
| 3 bedroom | $1,785 | $1,607–$1,964 | $71,400 | $34.33/hr | +4.6% |
| 4 bedroom | $1,976 | $1,778–$2,174 | $79,040 | $38.00/hr | +4.8% |
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 | $2,272 | $2,045–$2,499 |
| 6 bedroom Estimate | $2,569 | $2,312–$2,826 |
| 7 bedroom Estimate | $2,865 | $2,579–$3,152 |
| 8 bedroom Estimate | $3,162 | $2,846–$3,478 |
Source: HUD Office of Policy Development and Research, FY 2026 Fair Market Rents. Rents include utilities. huduser.gov
Market check
HUD's number is one input. What does a two-bedroom in Gallatin actually rent for?
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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 Gallatin somewhere between $1,218 and $1,488. 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.
$1,353 a month is affordable, by HUD's 30% rule, on an income of roughly $54,120 a year. Put another way, $26 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%$1,218 | Voucher pays at 100%$1,353 | Voucher pays at 110%$1,488 |
|---|---|---|---|---|
| $2,500 | $750 | $468 | $603 | $738 |
| $4,000 | $1,200 | $18 | $153 | $288 |
Rate history
The two-bedroom rate went up 5% from FY 2025 ($1,287) to FY 2026 ($1,353). Since FY 2020 it's up 56% in total, about 7.7% a year. The Kentucky median moved up 3% over the same year.
| Fiscal year | Studio | 1 BR | 2 BR | 3 BR | 4 BR | 2BR change |
|---|---|---|---|---|---|---|
| FY 2020 | $568 | $658 | $865 | $1,185 | $1,362 | — |
| FY 2021 | $604 | $698 | $916 | $1,244 | $1,425 | +5.9% |
| FY 2022 | $643 | $742 | $968 | $1,302 | $1,483 | +5.7% |
| FY 2023 | $731 | $839 | $1,093 | $1,464 | $1,645 | +12.9% |
| FY 2024 | $810 | $919 | $1,195 | $1,588 | $1,766 | +9.3% |
| FY 2025 | $883 | $993 | $1,287 | $1,707 | $1,885 | +7.7% |
| FY 2026In effect | $958 | $1,051 | $1,353 | $1,785 | $1,976 | +5.1% |
| FY 2027From Oct 1, 2026 | $1,052 | $1,128 | $1,442 | $1,897 | $2,141 | +6.6% |
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 2026 that's October 1, 2025 through September 30, 2026. In Gallatin, that runs from $958 for a studio up to $1,976 for four bedrooms, all five rates in the table above.
This is a metro rate. The county doesn't get one of its own. HUD lumps Gallatin in with 11 other counties in the Cincinnati metro, Hamilton County, Butler County, Warren County among them, and every one of them gets $1,353 for a two-bedroom. Where you are inside the metro doesn't change the county number. It does change the ZIP number, covered below.
Among Kentucky's 120 counties, Gallatin ranks 4th for two-bedroom FMR. That's about 50% above the state median of $900 and about 33% above the national median county at $1,018. About 8,720 people live here, 106th 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 41095 (Warsaw) and $1,360 in 41046 (Glencoe), with the 3 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.
Counties sharing the Cincinnati metro rate
HUD sets one rate for the whole metro, so every county here carries the same $1,353 two-bedroom figure as Gallatin.
Hamilton County
OH · 827,671 people
$1,353
Butler County
OH · 388,327 people
$1,353
Warren County
OH · 243,189 people
$1,353
Clermont County
OH · 208,851 people
$1,353
Kenton County
169,066 people
$1,353
Boone County
136,150 people
$1,353
Campbell County
93,122 people
$1,353
Dearborn County
IN · 50,709 people
$1,353
Pendleton County
14,638 people
$1,353
Bracken County
8,420 people
$1,353
Ohio County
IN · 5,974 people
$1,353
Nearby counties
Two-bedroom FMR, with how each compares to Gallatin.
Carroll County
13 mi · 10,842 people
$974
-28%
Grant County
14 mi · 25,085 people
$1,155
-15%
Owen County
14 mi · 11,229 people
$995
-26%
Boone County
18 mi · 136,150 people
$1,353
same rate
Kenton County
24 mi · 169,066 people
$1,353
same rate
Pendleton County
25 mi · 14,638 people
$1,353
same rate
Henry County
26 mi · 15,731 people
$1,272
-6%
Trimble County
27 mi · 8,510 people
$1,001
-26%
Questions people ask
$1,353 a month for FY 2026, which runs October 1, 2025 through September 30, 2026. The other rates are $958 for a studio, $1,051 for one bedroom, $1,785 for three and $1,976 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 Gallatin actually go for?
HUD's number is one input. Search any address in Gallatin for a rent estimate built from nearby comps. 3 free searches, no card.
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