HUD Fair Market Rent · FY 2027 · Effective Oct 1, 2026 to Sep 30, 2027
Fair Market Rent in Moniteau County, Missouri (FY 2027)
$963 a month. That's HUD's FY 2027 Fair Market Rent for a two-bedroom in Moniteau County, and it's the baseline every voucher in Moniteau is measured against.
Two-bedroom FMR
$963
+4.4% from FY 2026
Payment standard
$867–$1,059
90% to 110% of the FMR, two-bedroom
Income to afford
$38,520
a year, with rent at 30% of income
Rank in Missouri
57th of 116
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 | $731 | $658–$804 | $29,240 | $14.06/hr | +4.7% |
| 1 bedroom | $736 | $662–$810 | $29,440 | $14.15/hr | +4.7% |
| 2 bedroom | $963 | $867–$1,059 | $38,520 | $18.52/hr | +4.4% |
| 3 bedroom | $1,333 | $1,200–$1,466 | $53,320 | $25.63/hr | +5.8% |
| 4 bedroom | $1,508 | $1,357–$1,659 | $60,320 | $29.00/hr | +6.7% |
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 | $1,734 | $1,561–$1,907 |
| 6 bedroom Estimate | $1,960 | $1,764–$2,156 |
| 7 bedroom Estimate | $2,187 | $1,968–$2,406 |
| 8 bedroom Estimate | $2,413 | $2,172–$2,654 |
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 Moniteau actually rent for?
Search any address in Moniteau 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 Moniteau somewhere between $867 and $1,059. 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.
$963 a month is affordable, by HUD's 30% rule, on an income of roughly $38,520 a year. Put another way, $19 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%$867 | Voucher pays at 100%$963 | Voucher pays at 110%$1,059 |
|---|---|---|---|---|
| $2,500 | $750 | $117 | $213 | $309 |
| $4,000 | $1,200 | $0 | $0 | $0 |
Rate history
The two-bedroom rate went up 4% from FY 2026 ($922) to FY 2027 ($963). Since FY 2020 it's up 52% in total, about 6.2% a year. The Missouri median moved up 8% over the same year.
| Fiscal year | Studio | 1 BR | 2 BR | 3 BR | 4 BR | 2BR change |
|---|---|---|---|---|---|---|
| FY 2020 | $478 | $481 | $634 | $816 | $977 | — |
| FY 2021 | $471 | $502 | $662 | $858 | $1,032 | +4.4% |
| FY 2022 | $509 | $521 | $685 | $863 | $1,033 | +3.5% |
| FY 2023 | $563 | $567 | $746 | $951 | $1,084 | +8.9% |
| FY 2024 | $622 | $626 | $823 | $1,065 | $1,160 | +10.3% |
| FY 2025 | $669 | $673 | $883 | $1,207 | $1,329 | +7.3% |
| FY 2026 | $698 | $703 | $922 | $1,260 | $1,413 | +4.4% |
| FY 2027In effect | $731 | $736 | $963 | $1,333 | $1,508 | +4.4% |
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 Moniteau, that runs from $731 for a studio up to $1,508 for four bedrooms, all five rates in the table above.
Moniteau is its own HUD metro area (Moniteau County, MO), so the rate here is set from rents inside the county rather than a wider region.
Among Missouri's 116 counties, Moniteau ranks 57th for two-bedroom FMR. That's within a couple percent of the state median of $962 and about 9% below the national median county at $1,063. About 15,262 people live here, 66th in the state.
Rates by ZIP code
Zoom in and the picture changes. HUD's Small Area FMRs put a two-bedroom at $960 in 65025 (Clarksburg) and $1,010 in 65034 (Fortuna), with the 8 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.
Nearby counties
Two-bedroom FMR, with how each compares to Moniteau.
Cooper County
17 mi · 16,824 people
$962
same rate
Morgan County
19 mi · 21,717 people
$962
same rate
Cole County
23 mi · 77,032 people
$962
same rate
Boone County
29 mi · 188,043 people
$1,076
+12%
Miller County
31 mi · 25,269 people
$973
+1%
Pettis County
34 mi · 43,397 people
$1,068
+11%
Howard County
35 mi · 10,147 people
$990
+3%
Benton County
40 mi · 20,151 people
$1,003
+4%
Questions people ask
$963 a month for FY 2027, which runs October 1, 2026 through September 30, 2027. The other rates are $731 for a studio, $736 for one bedroom, $1,333 for three and $1,508 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 Moniteau actually go for?
HUD's number is one input. Search any address in Moniteau for a rent estimate built from nearby comps. Free to start, no card.
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