HUD Fair Market Rent · FY 2026 · effective Oct 1, 2025 to Sep 30, 2026
Fair Market Rent in Madison Parish, Louisiana (FY 2026)
HUD's FY 2026 Fair Market Rent for a two-bedroom in Madison Parish is $834 a month. That's the number the housing authority starts from when it sets Section 8 payment standards here.
2 bedroom FMR
$834
FY 2026, utilities included
Payment standard range
$751 to $917
90% to 110% of FMR
Income to afford 2BR
$33,360
per year, at 30% of income
Rank in Louisiana
56th of 64
by 2BR FMR
HUD has already published FY 2027. On October 1, 2026 the two-bedroom rate in Madison moves to $892. That's up 7%. The full FY 2027 table is in the history section below.
HUD's number is one input. What does a two-bedroom in Madison actually rent for?
Search any address in Madison 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 | $616 | $554 to $678 | $24,640 | $11.85/hr | -9.9% |
| 1 bedroom | $638 | $574 to $702 | $25,520 | $12.27/hr | -7.3% |
| 2 bedroom | $834 | $751 to $917 | $33,360 | $16.04/hr | -7.6% |
| 3 bedroom | $1,100 | $990 to $1,210 | $44,000 | $21.15/hr | -1.5% |
| 4 bedroom | $1,399 | $1,259 to $1,539 | $55,960 | $26.90/hr | -7.7% |
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 | $1,609 | $1,448 to $1,770 |
| 6 bedroom Estimate | $1,819 | $1,637 to $2,001 |
| 7 bedroom Estimate | $2,029 | $1,826 to $2,232 |
| 8 bedroom Estimate | $2,238 | $2,014 to $2,462 |
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 Madison, that runs from $616 for a studio up to $1,399 for four bedrooms, all five rates in the table above.
Because Madison sits outside any HUD metro area, its rate is a parish-wide figure built from local rents. One number covers every address in the parish, Tallulah included.
Among Louisiana's 64 counties, Madison ranks 56th for two-bedroom FMR. That's about 12% below the state median of $946 and about 18% below the national median county at $1,018. About 10,028 people live here, 57th in the state.
Rates by ZIP code
HUD also publishes Small Area FMRs by ZIP code. For the 3 ZIP codes it covers in Madison, the two-bedroom rate is $830 across the board, so there's no ZIP-level story here.
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 Madison somewhere between $751 and $917. 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.
$834 a month is affordable, by HUD's 30% rule, on an income of roughly $33,360 a year. Put another way, $16 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% ($751) | HAP at 100% ($834) | HAP at 110% ($917) |
|---|---|---|---|---|
| $2,500 | $750 | $1 | $84 | $167 |
| $4,000 | $1,200 | $0 | $0 | $0 |
Rate history
The two-bedroom rate went down 8% from FY 2025 ($903) to FY 2026 ($834). Since FY 2020 it's up 17% in total, about 2.7% a year. The Louisiana median moved down 4% over the same year.
| Year | Studio | 1 BR | 2 BR | 3 BR | 4 BR | 2BR change |
|---|---|---|---|---|---|---|
| FY 2020 | $536 | $539 | $710 | $920 | $962 | — |
| FY 2021 | $580 | $584 | $725 | $994 | $998 | +2.1% |
| FY 2022 | $549 | $552 | $696 | $989 | $1,074 | -4.0% |
| FY 2023 | $563 | $566 | $740 | $1,026 | $1,247 | +6.3% |
| FY 2024 | $621 | $626 | $822 | $1,068 | $1,395 | +11.1% |
| FY 2025 | $684 | $688 | $903 | $1,117 | $1,516 | +9.9% |
| FY 2026 | $616 | $638 | $834 | $1,100 | $1,399 | -7.6% |
| FY 2027 | $644 | $710 | $892 | $1,235 | $1,491 | +7.0% |
Nearby counties
East Carroll Parish
$83422 mi · pop 7,371
Tensas Parish
$83435 mi · pop 4,127
West Carroll Parish
$83436 mi · pop 9,800
Richland Parish
$94439 mi · pop 20,028
Franklin Parish
$83442 mi · pop 19,752
Morehouse Parish
$83450 mi · pop 25,438
Ouachita Parish
$1,02663 mi · pop 159,585
Catahoula Parish
$83464 mi · pop 8,895
Questions people ask
$834 a month for FY 2026, which runs October 1, 2025 through September 30, 2026. The other rates are $616 for a studio, $638 for one bedroom, $1,100 for three and $1,399 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 Madison actually go for?
HUD's number is one input. Search any address in Madison for a rent estimate built from nearby comps. 3 free searches, no card.
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