HUD Fair Market Rent · FY 2027 · Effective Oct 1, 2026 to Sep 30, 2027
Fair Market Rent in Petroleum County, Montana (FY 2027)
HUD's FY 2027 Fair Market Rent for a two-bedroom in Petroleum County is $1,552 a month. That's the number the housing authority starts from when it sets Section 8 payment standards here.
Two-bedroom FMR
$1,552
+0.3% from FY 2026
Payment standard
$1,397–$1,707
90% to 110% of the FMR, two-bedroom
Income to afford
$62,080
a year, with rent at 30% of income
Rank in Montana
9th of 56
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 | $1,186 | $1,067–$1,305 | $47,440 | $22.81/hr | +2.2% |
| 1 bedroom | $1,218 | $1,096–$1,340 | $48,720 | $23.42/hr | +0.8% |
| 2 bedroom | $1,552 | $1,397–$1,707 | $62,080 | $29.85/hr | +0.3% |
| 3 bedroom | $2,149 | $1,934–$2,364 | $85,960 | $41.33/hr | +0.5% |
| 4 bedroom | $2,549 | $2,294–$2,804 | $101,960 | $49.02/hr | +1.8% |
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 | $2,931 | $2,638–$3,224 |
| 6 bedroom Estimate | $3,314 | $2,983–$3,645 |
| 7 bedroom Estimate | $3,696 | $3,326–$4,066 |
| 8 bedroom Estimate | $4,078 | $3,670–$4,486 |
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 Petroleum actually rent for?
Search any address in Petroleum 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 Petroleum somewhere between $1,397 and $1,707. 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.
$1,552 a month is affordable, by HUD's 30% rule, on an income of roughly $62,080 a year. Put another way, $30 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%$1,397 | Voucher pays at 100%$1,552 | Voucher pays at 110%$1,707 |
|---|---|---|---|---|
| $2,500 | $750 | $647 | $802 | $957 |
| $4,000 | $1,200 | $197 | $352 | $507 |
Rate history
The two-bedroom rate went up 0% from FY 2026 ($1,548) to FY 2027 ($1,552). Since FY 2020 it's up 75% in total, about 8.4% a year. The Montana median held flat over the same year.
| Fiscal year | Studio | 1 BR | 2 BR | 3 BR | 4 BR | 2BR change |
|---|---|---|---|---|---|---|
| FY 2020 | $610 | $683 | $885 | $1,214 | $1,414 | — |
| FY 2021 | $641 | $700 | $915 | $1,247 | $1,434 | +3.4% |
| FY 2022 | $610 | $657 | $864 | $1,178 | $1,350 | -5.6% |
| FY 2023 | $670 | $706 | $929 | $1,258 | $1,455 | +7.5% |
| FY 2024 | $725 | $760 | $998 | $1,356 | $1,571 | +7.4% |
| FY 2025 | $1,100 | $1,153 | $1,500 | $2,050 | $2,393 | +50.3% |
| FY 2026 | $1,160 | $1,208 | $1,548 | $2,139 | $2,503 | +3.2% |
| FY 2027In effect | $1,186 | $1,218 | $1,552 | $2,149 | $2,549 | +0.3% |
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 Petroleum, that runs from $1,186 for a studio up to $2,549 for four bedrooms, all five rates in the table above.
Because Petroleum 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, Teigen included.
Among Montana's 56 counties, Petroleum ranks 9th for two-bedroom FMR. That's about 18% above the state median of $1,310 and about 46% above the national median county at $1,063. About 447 people live here, 56th in the state.
Rates by ZIP code
HUD also publishes Small Area FMRs by ZIP code. For the 2 ZIP codes it covers in Petroleum, the two-bedroom rate is $1,550 across the board, so there's no ZIP-level story here.
Nearby counties
Two-bedroom FMR, with how each compares to Petroleum.
Musselshell County
35 mi · 5,152 people
$1,348
-13%
Fergus County
47 mi · 11,687 people
$1,450
-7%
Golden Valley County
57 mi · 899 people
$1,342
-14%
Garfield County
61 mi · 1,094 people
$1,101
-29%
Wheatland County
72 mi · 2,056 people
$1,119
-28%
Yellowstone County
78 mi · 168,957 people
$1,432
-8%
Treasure County
80 mi · 732 people
$1,552
same rate
Judith Basin County
84 mi · 2,071 people
$1,162
-25%
Questions people ask
$1,552 a month for FY 2027, which runs October 1, 2026 through September 30, 2027. The other rates are $1,186 for a studio, $1,218 for one bedroom, $2,149 for three and $2,549 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 Petroleum actually go for?
HUD's number is one input. Search any address in Petroleum for a rent estimate built from nearby comps. Free to start, no card.
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