HUD Fair Market Rent · FY 2026 · effective Oct 1, 2025 to Sep 30, 2026
Fair Market Rent in Ravalli County, Montana (FY 2026)
HUD's FY 2026 Fair Market Rent for a two-bedroom in Ravalli County is $1,423 a month. That's the number the housing authority starts from when it sets Section 8 payment standards here.
2 bedroom FMR
$1,423
FY 2026, utilities included
Payment standard range
$1,281 to $1,565
90% to 110% of FMR
Income to afford 2BR
$56,920
per year, at 30% of income
Rank in Montana
16th of 56
by 2BR FMR
HUD has already published FY 2027. On October 1, 2026 the two-bedroom rate in Ravalli moves to $1,426. 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 Ravalli actually rent for?
Search any address in Ravalli 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 | $1,116 | $1,004 to $1,228 | $44,640 | $21.46/hr | +2.4% |
| 1 bedroom | $1,145 | $1,031 to $1,260 | $45,800 | $22.02/hr | +4.3% |
| 2 bedroom | $1,423 | $1,281 to $1,565 | $56,920 | $27.37/hr | +3.2% |
| 3 bedroom | $1,979 | $1,781 to $2,177 | $79,160 | $38.06/hr | +2.4% |
| 4 bedroom | $2,387 | $2,148 to $2,626 | $95,480 | $45.90/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 | $2,745 | $2,471 to $3,020 |
| 6 bedroom Estimate | $3,103 | $2,793 to $3,413 |
| 7 bedroom Estimate | $3,461 | $3,115 to $3,807 |
| 8 bedroom Estimate | $3,819 | $3,437 to $4,201 |
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 Ravalli, that runs from $1,116 for a studio up to $2,387 for four bedrooms, all five rates in the table above.
Because Ravalli 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, Conner included.
Among Montana's 56 counties, Ravalli ranks 16th for two-bedroom FMR. That's about 9% above the state median of $1,307 and about 40% above the national median county at $1,018. About 44,876 people live here, 7th in the state.
Rates by ZIP code
Zoom in and the picture changes. HUD's Small Area FMRs put a two-bedroom at $1,250 in 59871 (Sula) and $1,910 in 59841 (Pinesdale), with the 10 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 Ravalli somewhere between $1,281 and $1,565. 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.
$1,423 a month is affordable, by HUD's 30% rule, on an income of roughly $56,920 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% ($1,281) | HAP at 100% ($1,423) | HAP at 110% ($1,565) |
|---|---|---|---|---|
| $2,500 | $750 | $531 | $673 | $815 |
| $4,000 | $1,200 | $81 | $223 | $365 |
Rate history
The two-bedroom rate went up 3% from FY 2025 ($1,379) to FY 2026 ($1,423). Since FY 2020 it's up 62% in total, about 8.4% 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 | $605 | $666 | $877 | $1,250 | $1,540 | — |
| FY 2021 | $597 | $647 | $853 | $1,202 | $1,477 | -2.7% |
| FY 2022 | $566 | $609 | $801 | $1,126 | $1,371 | -6.1% |
| FY 2023 | $633 | $671 | $878 | $1,226 | $1,496 | +9.6% |
| FY 2024 | $674 | $718 | $928 | $1,304 | $1,575 | +5.7% |
| FY 2025 | $1,090 | $1,098 | $1,379 | $1,932 | $2,316 | +48.6% |
| FY 2026 | $1,116 | $1,145 | $1,423 | $1,979 | $2,387 | +3.2% |
| FY 2027 | $1,091 | $1,166 | $1,426 | $1,971 | $2,383 | +0.2% |
Nearby counties
Granite County
$1,05345 mi · pop 3,368
Missoula County
$1,65549 mi · pop 118,541
Deer Lodge County
$1,08059 mi · pop 9,435
Powell County
$1,13368 mi · pop 6,998
Silver Bow County
$1,41473 mi · pop 35,306
Mineral County
$1,36186 mi · pop 4,652
Beaverhead County
$1,07287 mi · pop 9,469
Lake County
$1,44495 mi · pop 31,509
Questions people ask
$1,423 a month for FY 2026, which runs October 1, 2025 through September 30, 2026. The other rates are $1,116 for a studio, $1,145 for one bedroom, $1,979 for three and $2,387 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 Ravalli actually go for?
HUD's number is one input. Search any address in Ravalli for a rent estimate built from nearby comps. 3 free searches, no card.
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