HUD Fair Market Rent · FY 2026 · effective Oct 1, 2025 to Sep 30, 2026
Fair Market Rent in Fallon County, Montana (FY 2026)
A two-bedroom in Fallon County carries a FY 2026 Fair Market Rent of $1,401 a month, effective October 1, 2025 through September 30, 2026. Everything Section 8 pays in Fallon keys off that figure.
2 bedroom FMR
$1,401
FY 2026, utilities included
Payment standard range
$1,261 to $1,541
90% to 110% of FMR
Income to afford 2BR
$56,040
per year, at 30% of income
Rank in Montana
21st of 56
by 2BR FMR
HUD has already published FY 2027. On October 1, 2026 the two-bedroom rate in Fallon moves to $1,404. That's unchanged. The full FY 2027 table is in the history section below.
HUD's number is one input. What does a two-bedroom in Fallon actually rent for?
Search any address in Fallon 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 | $1,050 | $945 to $1,155 | $42,000 | $20.19/hr | +5.4% |
| 1 bedroom | $1,093 | $984 to $1,202 | $43,720 | $21.02/hr | +4.7% |
| 2 bedroom | $1,401 | $1,261 to $1,541 | $56,040 | $26.94/hr | +3.2% |
| 3 bedroom | $1,936 | $1,742 to $2,130 | $77,440 | $37.23/hr | +4.3% |
| 4 bedroom | $2,265 | $2,039 to $2,492 | $90,600 | $43.56/hr | +4.5% |
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 | $2,605 | $2,345 to $2,866 |
| 6 bedroom Estimate | $2,945 | $2,651 to $3,240 |
| 7 bedroom Estimate | $3,284 | $2,956 to $3,612 |
| 8 bedroom Estimate | $3,624 | $3,262 to $3,986 |
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 Fallon, that runs from $1,050 for a studio up to $2,265 for four bedrooms, all five rates in the table above.
Because Fallon sits outside any HUD metro area, its rate is a county-wide figure built from local rents. One number covers every address in the county, Baker included.
Among Montana's 56 counties, Fallon ranks 21st for two-bedroom FMR. That's about 7% above the state median of $1,307 and about 38% above the national median county at $1,018. About 2,941 people live here, 42nd in the state.
Rates by ZIP code
Zoom in and the picture changes. HUD's Small Area FMRs put a two-bedroom at $1,390 in 59344 (Plevna) and $1,430 in 59313 (Baker), 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.
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 Fallon somewhere between $1,261 and $1,541. 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.
$1,401 a month is affordable, by HUD's 30% rule, on an income of roughly $56,040 a year. Put another way, $27 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% ($1,261) | HAP at 100% ($1,401) | HAP at 110% ($1,541) |
|---|---|---|---|---|
| $2,500 | $750 | $511 | $651 | $791 |
| $4,000 | $1,200 | $61 | $201 | $341 |
Rate history
The two-bedroom rate went up 3% from FY 2025 ($1,358) to FY 2026 ($1,401). Since FY 2020 it's up 76% in total, about 9.8% a year. The Montana median moved up 3% over the same year.
| Year | Studio | 1 BR | 2 BR | 3 BR | 4 BR | 2BR change |
|---|---|---|---|---|---|---|
| FY 2020 | $550 | $668 | $798 | $1,082 | $1,275 | — |
| FY 2021 | $606 | $710 | $865 | $1,132 | $1,356 | +8.4% |
| FY 2022 | $610 | $657 | $864 | $1,068 | $1,350 | -0.1% |
| FY 2023 | $663 | $698 | $919 | $1,118 | $1,439 | +6.4% |
| FY 2024 | $692 | $725 | $952 | $1,151 | $1,499 | +3.6% |
| FY 2025 | $996 | $1,044 | $1,358 | $1,856 | $2,167 | +42.6% |
| FY 2026 | $1,050 | $1,093 | $1,401 | $1,936 | $2,265 | +3.2% |
| FY 2027 | $1,073 | $1,102 | $1,404 | $1,944 | $2,306 | +0.2% |
Nearby counties
Wibaux County
$1,54846 mi · pop 1,119
Prairie County
$1,54847 mi · pop 1,283
Custer County
$1,60857 mi · pop 11,957
Carter County
$1,24459 mi · pop 1,332
Dawson County
$1,25475 mi · pop 8,915
Powder River County
$1,02585 mi · pop 1,773
Richland County
$1,31295 mi · pop 11,366
McCone County
$1,548100 mi · pop 1,746
Questions people ask
$1,401 a month for FY 2026, which runs October 1, 2025 through September 30, 2026. The other rates are $1,050 for a studio, $1,093 for one bedroom, $1,936 for three and $2,265 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 Fallon actually go for?
HUD's number is one input. Search any address in Fallon for a rent estimate built from nearby comps. 3 free searches, no card.
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