HUD Fair Market Rent · FY 2026 · effective Oct 1, 2025 to Sep 30, 2026
Fair Market Rent in Granite County, Montana (FY 2026)
HUD's FY 2026 Fair Market Rent for a two-bedroom in Granite County is $1,053 a month. That's the number the housing authority starts from when it sets Section 8 payment standards here.
2 bedroom FMR
$1,053
FY 2026, utilities included
Payment standard range
$948 to $1,158
90% to 110% of FMR
Income to afford 2BR
$42,120
per year, at 30% of income
Rank in Montana
52nd of 56
by 2BR FMR
HUD has already published FY 2027. On October 1, 2026 the two-bedroom rate in Granite moves to $1,055. 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 Granite actually rent for?
Search any address in Granite 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 | $789 | $710 to $868 | $31,560 | $15.17/hr | +5.5% |
| 1 bedroom | $822 | $740 to $904 | $32,880 | $15.81/hr | -0.6% |
| 2 bedroom | $1,053 | $948 to $1,158 | $42,120 | $20.25/hr | +3.2% |
| 3 bedroom | $1,464 | $1,318 to $1,610 | $58,560 | $28.15/hr | +2.4% |
| 4 bedroom | $1,702 | $1,532 to $1,872 | $68,080 | $32.73/hr | +4.6% |
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 | $1,957 | $1,761 to $2,153 |
| 6 bedroom Estimate | $2,213 | $1,992 to $2,434 |
| 7 bedroom Estimate | $2,468 | $2,221 to $2,715 |
| 8 bedroom Estimate | $2,723 | $2,451 to $2,995 |
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 Granite, that runs from $789 for a studio up to $1,702 for four bedrooms, all five rates in the table above.
Because Granite 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, Drummond included.
Among Montana's 56 counties, Granite ranks 52nd for two-bedroom FMR. That's about 19% below the state median of $1,307 and about 3% above the national median county at $1,018. About 3,368 people live here, 41st in the state.
Rates by ZIP code
Zoom in and the picture changes. HUD's Small Area FMRs put a two-bedroom at $990 in 59832 (Drummond) and $1,260 in 59858 (Philipsburg), 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 Granite somewhere between $948 and $1,158. 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.
$1,053 a month is affordable, by HUD's 30% rule, on an income of roughly $42,120 a year. Put another way, $20 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% ($948) | HAP at 100% ($1,053) | HAP at 110% ($1,158) |
|---|---|---|---|---|
| $2,500 | $750 | $198 | $303 | $408 |
| $4,000 | $1,200 | $0 | $0 | $0 |
Rate history
The two-bedroom rate went up 3% from FY 2025 ($1,020) to FY 2026 ($1,053). Since FY 2020 it's up 43% in total, about 6.2% 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 | $506 | $557 | $734 | $915 | $1,173 | — |
| FY 2021 | $514 | $557 | $734 | $913 | $1,150 | 0.0% |
| FY 2022 | $535 | $597 | $757 | $1,012 | $1,183 | +3.1% |
| FY 2023 | $596 | $664 | $826 | $1,174 | $1,293 | +9.1% |
| FY 2024 | $658 | $727 | $905 | $1,275 | $1,425 | +9.6% |
| FY 2025 | $748 | $827 | $1,020 | $1,429 | $1,627 | +12.7% |
| FY 2026 | $789 | $822 | $1,053 | $1,464 | $1,702 | +3.2% |
| FY 2027 | $806 | $828 | $1,055 | $1,461 | $1,733 | +0.2% |
Nearby counties
Powell County
$1,13324 mi · pop 6,998
Deer Lodge County
$1,08031 mi · pop 9,435
Missoula County
$1,65545 mi · pop 118,541
Ravalli County
$1,42345 mi · pop 44,876
Silver Bow County
$1,41451 mi · pop 35,306
Lewis and Clark County
$1,64756 mi · pop 71,487
Jefferson County
$1,40462 mi · pop 12,273
Broadwater County
$1,74881 mi · pop 6,977
Questions people ask
$1,053 a month for FY 2026, which runs October 1, 2025 through September 30, 2026. The other rates are $789 for a studio, $822 for one bedroom, $1,464 for three and $1,702 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 Granite actually go for?
HUD's number is one input. Search any address in Granite for a rent estimate built from nearby comps. 3 free searches, no card.
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