HUD Fair Market Rent · FY 2026 · effective Oct 1, 2025 to Sep 30, 2026
Fair Market Rent in Park County, Montana (FY 2026)
A two-bedroom in Park County carries a FY 2026 Fair Market Rent of $1,605 a month, effective October 1, 2025 through September 30, 2026. Everything Section 8 pays in Park keys off that figure.
2 bedroom FMR
$1,605
FY 2026, utilities included
Payment standard range
$1,445 to $1,766
90% to 110% of FMR
Income to afford 2BR
$64,200
per year, at 30% of income
Rank in Montana
7th of 56
by 2BR FMR
HUD has already published FY 2027. On October 1, 2026 the two-bedroom rate in Park moves to $1,608. 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 Park actually rent for?
Search any address in Park 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 | $1,107 | $996 to $1,218 | $44,280 | $21.29/hr | +3.8% |
| 1 bedroom | $1,385 | $1,247 to $1,524 | $55,400 | $26.63/hr | +6.0% |
| 2 bedroom | $1,605 | $1,445 to $1,766 | $64,200 | $30.87/hr | +3.2% |
| 3 bedroom | $2,232 | $2,009 to $2,455 | $89,280 | $42.92/hr | +3.2% |
| 4 bedroom | $2,692 | $2,423 to $2,961 | $107,680 | $51.77/hr | +3.1% |
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 | $3,096 | $2,786 to $3,406 |
| 6 bedroom Estimate | $3,500 | $3,150 to $3,850 |
| 7 bedroom Estimate | $3,903 | $3,513 to $4,293 |
| 8 bedroom Estimate | $4,307 | $3,876 to $4,738 |
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 Park, that runs from $1,107 for a studio up to $2,692 for four bedrooms, all five rates in the table above.
Because Park 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, Clyde Park included.
Among Montana's 56 counties, Park ranks 7th for two-bedroom FMR. That's about 23% above the state median of $1,307 and about 58% above the national median county at $1,018. About 17,320 people live here, 11th in the state.
Rates by ZIP code
Zoom in and the picture changes. HUD's Small Area FMRs put a two-bedroom at $1,400 in 59030 (Gardiner) and $1,910 in 59020 (Cooke City), with the 9 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 Park somewhere between $1,445 and $1,766. 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.
$1,605 a month is affordable, by HUD's 30% rule, on an income of roughly $64,200 a year. Put another way, $31 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% ($1,445) | HAP at 100% ($1,605) | HAP at 110% ($1,766) |
|---|---|---|---|---|
| $2,500 | $750 | $695 | $855 | $1,016 |
| $4,000 | $1,200 | $245 | $405 | $566 |
Rate history
The two-bedroom rate went up 3% from FY 2025 ($1,555) to FY 2026 ($1,605). Since FY 2020 it's up 68% in total, about 9.0% 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 | $694 | $727 | $957 | $1,308 | $1,519 | — |
| FY 2021 | $745 | $750 | $989 | $1,371 | $1,493 | +3.3% |
| FY 2022 | $723 | $727 | $957 | $1,317 | $1,395 | -3.2% |
| FY 2023 | $745 | $786 | $1,035 | $1,420 | $1,510 | +8.2% |
| FY 2024 | $722 | $823 | $1,056 | $1,476 | $1,734 | +2.0% |
| FY 2025 | $1,066 | $1,306 | $1,555 | $2,162 | $2,611 | +47.3% |
| FY 2026 | $1,107 | $1,385 | $1,605 | $2,232 | $2,692 | +3.2% |
| FY 2027 | $1,120 | $1,373 | $1,608 | $2,209 | $2,688 | +0.2% |
Nearby counties
Gallatin County
$2,15438 mi · pop 119,685
Sweet Grass County
$1,17639 mi · pop 3,697
Stillwater County
$1,25755 mi · pop 8,978
Carbon County
$1,41766 mi · pop 10,645
Madison County
$1,54072 mi · pop 8,742
Meagher County
$1,39372 mi · pop 1,948
Wheatland County
$1,11779 mi · pop 2,060
Broadwater County
$1,74881 mi · pop 6,977
Questions people ask
$1,605 a month for FY 2026, which runs October 1, 2025 through September 30, 2026. The other rates are $1,107 for a studio, $1,385 for one bedroom, $2,232 for three and $2,692 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 Park actually go for?
HUD's number is one input. Search any address in Park for a rent estimate built from nearby comps. 3 free searches, no card.
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