HUD Fair Market Rent · FY 2026 · Effective Oct 1, 2025 to Sep 30, 2026
Fair Market Rent in St. Martin Parish, Louisiana (FY 2026)
A two-bedroom in St. Martin Parish carries a FY 2026 Fair Market Rent of $1,019 a month, effective October 1, 2025 through September 30, 2026. Everything Section 8 pays in St. Martin keys off that figure.
Two-bedroom FMR
$1,019
-3.1% from FY 2025
Payment standard
$917–$1,121
90% to 110% of the FMR, two-bedroom
Income to afford
$40,760
a year, with rent at 30% of income
Rank in Louisiana
28th of 64
by two-bedroom FMR, highest first
HUD has already published FY 2027. On October 1, 2026 the two-bedroom rate in St. Martin moves to $1,092. 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 | $779 | $701–$857 | $31,160 | $14.98/hr | +5.3% |
| 1 bedroom | $898 | $808–$988 | $35,920 | $17.27/hr | -3.4% |
| 2 bedroom | $1,019 | $917–$1,121 | $40,760 | $19.60/hr | -3.1% |
| 3 bedroom | $1,301 | $1,171–$1,431 | $52,040 | $25.02/hr | -1.6% |
| 4 bedroom | $1,581 | $1,423–$1,739 | $63,240 | $30.40/hr | -8.9% |
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 | $1,818 | $1,636–$2,000 |
| 6 bedroom Estimate | $2,055 | $1,850–$2,261 |
| 7 bedroom Estimate | $2,292 | $2,063–$2,521 |
| 8 bedroom Estimate | $2,530 | $2,277–$2,783 |
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 St. Martin 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 St. Martin somewhere between $917 and $1,121. 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.
$1,019 a month is affordable, by HUD's 30% rule, on an income of roughly $40,760 a year. Put another way, $20 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%$917 | Voucher pays at 100%$1,019 | Voucher pays at 110%$1,121 |
|---|---|---|---|---|
| $2,500 | $750 | $167 | $269 | $371 |
| $4,000 | $1,200 | $0 | $0 | $0 |
Rate history
The two-bedroom rate went down 3% from FY 2025 ($1,052) to FY 2026 ($1,019). Since FY 2020 it's up 12% in total, about 1.9% a year. The Louisiana median moved down 4% over the same year.
| Fiscal year | Studio | 1 BR | 2 BR | 3 BR | 4 BR | 2BR change |
|---|---|---|---|---|---|---|
| FY 2020 | $660 | $795 | $912 | $1,205 | $1,326 | — |
| FY 2021 | $634 | $790 | $901 | $1,200 | $1,363 | -1.2% |
| FY 2022 | $608 | $781 | $890 | $1,202 | $1,387 | -1.2% |
| FY 2023 | $658 | $871 | $984 | $1,291 | $1,670 | +10.6% |
| FY 2024 | $701 | $921 | $1,034 | $1,344 | $1,755 | +5.1% |
| FY 2025 | $740 | $930 | $1,052 | $1,322 | $1,736 | +1.7% |
| FY 2026In effect | $779 | $898 | $1,019 | $1,301 | $1,581 | -3.1% |
| FY 2027From Oct 1, 2026 | $835 | $971 | $1,092 | $1,375 | $1,607 | +7.2% |
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 2026 that's October 1, 2025 through September 30, 2026. In St. Martin, that runs from $779 for a studio up to $1,581 for four bedrooms, all five rates in the table above.
This is a metro rate. The parish doesn't get one of its own. HUD lumps St. Martin in with one other parish in the Lafayette metro, Lafayette Parish among them, and every one of them gets $1,019 for a two-bedroom. Where you are inside the metro doesn't change the parish number. It does change the ZIP number, covered below.
Among Louisiana's 64 counties, St. Martin ranks 28th for two-bedroom FMR. That's about 8% above the state median of $946 and within a couple percent of the national median county at $1,018. About 51,856 people live here, 21st in the state.
Rates by ZIP code
HUD also publishes Small Area FMRs by ZIP code. For the 4 ZIP codes it covers in St. Martin, the two-bedroom rate is $950 across the board, so there's no ZIP-level story here.
Counties sharing the Lafayette metro rate
HUD sets one rate for the whole metro, so every county here carries the same $1,019 two-bedroom figure as St. Martin.
Nearby counties
Two-bedroom FMR, with how each compares to St. Martin.
Lafayette Parish
12 mi · 243,175 people
$1,019
same rate
Iberia Parish
18 mi · 69,958 people
$905
-11%
St. Landry Parish
25 mi · 82,574 people
$834
-18%
Vermilion Parish
27 mi · 57,202 people
$834
-18%
Acadia Parish
34 mi · 57,674 people
$880
-14%
Iberville Parish
34 mi · 30,210 people
$866
-15%
West Baton Rouge Parish
35 mi · 27,377 people
$1,204
+18%
Pointe Coupee Parish
36 mi · 20,652 people
$1,204
+18%
Questions people ask
$1,019 a month for FY 2026, which runs October 1, 2025 through September 30, 2026. The other rates are $779 for a studio, $898 for one bedroom, $1,301 for three and $1,581 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 St. Martin actually go for?
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